SGB Update

Gaia Announces Addition And Changes To Executive Team

Yoga-streaming company Gaia, Inc. hired James Colquhoun as chief operating officer and promoted Kiersten Medvedich to president. Ned Preston was hired as chief financial officer, replacing Paul Tarell, who resigned to pursue other interests.

Woom Names New CEO

Woom, the Australian bike manufacturer, promoted Paul Fattinger to the CEO. The leadership realignment follows the appointment of Kasper Rørsted as chairman of Woom’s Advisory Board and the creation of a new department for innovation. Mathias Ihlenfeld, the former Co-CEO and founder of Woom USA, has shifted his focus to the North American market and heads up the U.S. team.

Yeti Expands Credit Line

Yeti Holdings, Inc., in a regulatory filing, said it amended its credit agreement to increase the company’s commitments under the revolving credit facility from $150 million to $300 million.

Mike Ashley Returns To Frasers Group As Consultant

Mike Ashley has reportedly returned to his founding company Frasers Group, the parent of Sports Direct, as a consultant. Ashley, who owns 69 percent of the company,  stepped down from the top position last year, later appointing his son-in-law Michael Murray as CEO.

Safilo Group Renews Tommy Hilfiger Eyewear License Through 2030

Safilo Group executed an early renewal of its global licensing agreement with Tommy Hilfiger, which is owned by PVH Corp., for the design, manufacturing and distribution of Tommy Hilfiger-branded sunglasses and optical eyewear collections until December 31, 2030.

U.S. Supreme Court Won’t Hear Nike, Adidas Patent Dispute

The U.S. Supreme Court on Monday sidestepped Nike, Inc.’s appeal in a long-running sneaker design dispute with Adidas AG, declining to consider whether a tribunal can nix a patent based on grounds not raised by the parties. The justices passed over Nike’s claims that the Patent Trial and Appeal Board wrongly stripped it of a patent covering shoelace holes in knitted sneakers.

Topgolf To Open In St. Petersburg

Topgolf will open its St. Petersburg, FL venue on June 30, marking its 90th location and its eighth venue in Florida.

White Mountain Signs Outerwear Licensee Deal

White Mountain and Cliffs, the comfort footwear brands, signed a new licensing agreement with Mirage Fashion Group to distribute rain, lightweight and heavyweight outerwear for men, women and kids.

Camping World Holdings To Acquire Arkansas RV Dealer

Camping World Holdings, Inc. is set to acquire multi-location RV dealer Crain RV in Arkansas. Crain operates locations in Benton, Springdale, and Little Rock, predominantly selling Jayco, Winnebago, Tiffin, Coachmen, and Forest River products.

Air Venturi Names National Sales Agency For The U.S.

Air Venturi named Outtech Sales Services its nationwide sales rep partner for the company’s line of retail brands, including Hellraiser Tactical Products, Seneca Hunting Airguns, Western Justice Revolvers, Springfield Armory Airguns, and Airsoft Guns.