SGB Update

Jaco Clothing Acquired, Will Expand Apparel Line

Jaco Clothing, the athletic apparel brand designed for high performance training disciplines, has been acquired by Power in Honor LLC and now operates as Jaco Athletics LLC. Under the ownership structure, Jaco founder Ron Wilson will remain the company pr

Specialized Bicycle CFO Departs for New Job

Specialized Bicycle Components Inc. CFO John Rangel has left the bicycle maker to take the same role at TRIA beauty, Inc., a Dublin, CA maker of laser and other light-based skin-care products and services…

Sports Direct Expects to Meet FY Forecast

Sports Direct International, the UK's largest sports retailer, said its first quarter gross profit declined slightly due to tough comparisons against the FIFA World Cup a year ago. It reiterated that it expected to meet its earnings forecasts for the

Patagonia Will Promote Used Clothes on EBay

To help customers put back in circulation used clothes, Patagonia Inc. and eBay Inc. have joined forces to launch a new marketplace for customers to buy and sell used Patagonia gear. Patagonia's Common Threads Initiative store on eBay marks the first

UGG Australia Launches Campaign Targeting Men

Ugg Australia, a division of Deckers Outdoor Corporation, unveiled its first broadcast commercial, part of an integrated multi-media marketing campaign to support its men's collection. Featuring quarterback Tom Brady and music by Mos Def, the “Steps”

Masato Mizuno Appointed CEO Of Tokyo 2020 Bid Committee

Former Mizuno Corporation Chairman of the Board and Representative Director, Masato Mizuno, has been appointed to the position of CEO of the Tokyo 2020 Bid Committee by the Japanese Olympic Committee (JOC) Executive Board. As a result, Mr. Mizuno resigne

Intertek Expanding New York Test Lab for Personal Protective Gear

Intertek is expanding and upgrading its Center of Excellence (COE) specializing in Personal Protective Equipment (PPE) in Cortland, NY to meet growing demands for faster testing and certification services. The expanded COE will include new chemical lab, e

Deckers Outdoor Enters New Credit Agreement

Deckers Outdoor Corporation said that on Aug. 30 it entered into a new $200 million secured revolving credit facility which contains a $50 million sublimit for the issuance of letters of credit and a $5 million sublimit for swingline loans…

Mizuno’s Chairman Resigns

Mizuno Corp. reported that its Chairman and Representative Director Masato Mizuno had resigned, effective Sept. 5. The Japanese sporting goods giant said it will will maintain a two-representative directors system of Akito Mizuno, president, the current r

Gatorz Sales Slip in Second Quarter as It Adds Italian Sunglass Line

Gatorz Inc. said it sales took a hit as it introduced a new line of Italian made sunglasses in a bid to provide dealers better margins at a lower price point. The Canadian company said second quarter sales slipped by $42,957 to $526,117 from the same quar

Icebreaker Set to Implement Eco Index

Icebreaker will begin testing the next phase of the Eco Index, a tool for benchmarking and measuring the environmental impact of apparel, footwear and gear products. Based in New Zealand, Icebreaker operates its U.S. headquarters and design studio in Port

Canadian Tire Eyes Expansion for Forzani

Canadian Tire is looking to build on its dominance in sporting goods retailing gained through its acquisition of Forzani Group. In an interview with the Montreal Gazette, Michael Medline, the new president of Forzani, indicated the goal is to grow in size

Under Armour’s Wayne Marino To Retire, Kip Fulks Becomes COO

Under Armour, Inc. announced that Wayne Marino is retiring as chief operating officer of the company. Marino will transition his areas of responsibility over the next six months and will remain on the executive team. Kip Fulks has assumed additional respo