On Holding Secures CHF 700 Million Credit Facility
On Holding AG said in a regulatory filing that it had entered into a CHF 700 million multicurrency credit facility agreement led by UBS Switzerland AG.
Coats Sells Opti Zips EMEA Business Operations
Coats Group plc, the manufacturer of thread and structural components for apparel and footwear, entered into an agreement to sell its Opti Zips EMEA business to Aequita, a Gemany-based private equity firm.
Under Armour’s Principal Accounting Officer To Exit
Under Armour reported in a regulatory filing that Aditya Maheshwari, senior vice president and principal accounting officer, was leaving the company on August 25 to work for a public company. CFO David Bergman will be appointed on that date as the principal accounting officer for UA.
Eagle Creek Adds New Sales Agency for Southeast U.S.
Eagle Creek hired Effort, Inc. for sale representation in the Southeast, including NC, SC, TN, GA, FL, AL, and MS, effective immediately.
Grassroots Sees a Mostly Positive Outlook at Connect; Inventory Still a Worry
Grassroots Outdoor Alliance (GOA) reported that specialty retail has had a strong year-to-date for 2023 as more than half of Grassroots retailers met or exceeded 2022 growth.
KOA Reports Double-Digit Registration Growth for Fourth of July
The 2023 Fourth of July holiday results across Kampgrounds of America, Inc.’s (KOA) campgrounds showed an increase in registration revenue of more than 12 percent over the prior year’s record results.
Balega Founders Launch New Specialty Running Sock Brand
Tanya and Bert Pictor, the founders of Balega Socks, and Luke Rowe, a running industry veteran, have launched a new running sock brand, Jogology, to be sold exclusively at run specialty stores beginning in September.
Athleisure Brand Halara Names President
Halara, the direct-to-consumer athleisure brand, founded in 2020 and headquartered in New York City, hired Gabby Hirata, most recently president and CEO of Diane von Furstenberg, as global brand president.
Ebay Closes on Acquisition of AI-Powered Digital ID, Authentication Provider
Ebay, Inc. reported it completed the acquisition of Certilogo, a provider of AI-powered apparel and fashion goods digital IDs and authentication. Based in Milan, Certilogo leverages digital technology to empower brands and designers to manage the lifecycle of their garments.
Suunto is Latest Brand to Drop Prices on Key Models
In a move to make its products more affordable to consumers, Suunto dropped prices on various watch models, effective July 10. Discounts are being offered up to 33 percent on key products.
Bote Opens Flagship in Austin, TX
Bote opened its latest retail store in Austin, TX. The new 3,400-square-foot space showcases the brand’s line of paddleboards, kayaks, docks, floats, and accessories and includes a communal space for events and paddle demos.
Xponential Fitness Signs Master Franchisee in France for Club Pilates
Xponential Fitness, Inc. signed a Master Franchise Agreement in France for its Club Pilates brand, the company’s 19th international agreement outside North America.
HanesBrands Names CFO
HanesBrands reported that its interim chief financial officer, Scott Lewis, was appointed chief financial officer effective immediately. Lewis will also continue as chief accounting officer, a position he has held since 2015.
Academy Sports + Outdoors Appoints New CFO in Role Transition
Academy Sports + Outdoors Inc. promoted Carl Ford to executive vice president and chief financial officer, effective July 12. He succeeds Michael Mullican who recently transitioned to president.
SkyTrak Appoints New SVP for Product Development
SkyTrak appointed John Decastro as SVP of product development with over 25 years of consumer product experience, having held positions with The Coleman Company, Hallmark Cards and Bushnell Outdoors.
