SGB Update

Kizik Amends Credit Facility to Support Growth

Kizik secured an amendment of its credit facility with JPMorgan Chase that provides enhanced financial flexibility to support expansion into new distribution channels, including company-owned retail stores, U.S. wholesale and international markets.

Macy’s Names Chief Legal Officer

Macy’s Inc. hired Tracy Preston as chief legal officer and corporate secretary. Previously, she was the chief compliance officer, chief legal officer and corporate secretary of HanesBrands, Inc.

Sporting Goods Industry Mourns the Passing of Jim Easton

Jim Easton, the second-generation owner of the Easton sports equipment companies and a pioneer in aluminum-based manufacturing processes used in sports equipment, died at his home in Los Angeles on December 4 at the age of 88.

Topgolf Callaway Brands’ Debt Rating Revised to Negative

S&P Global Ratings revised its debt rating outlook on Topgolf Callaway Brands Corp. to negative from stable due to its recent report of weaker-than-expected performance for the third quarter despite maintaining relatively consistent S&P Global Ratings-adjusted EBITDA margins.

Watchtower Firearms Hires Indie Sales Rep Agency

Veteran-owned firearm manufacturing company Watchtower, based in Spring, TX, has appointed independent sales rep agency Lou Leamont Sales & Marketing to handle sales on the East and West coasts, effective immediately.

Saxx Taps Ecco Americas C-Suite for New CEO

Underwear maker Saxx appointed Tom Berry as chief executive officer, succeeding Wendy Bennison. Most recently, Berry was president and CEO of the America’s region for the Danish footwear company Ecco.