SGB Update

Far Bank Enterprises Hires Paul Clark to Head Sales

Far Bank Enterprises has hired Paul Clark as its new director of global sales. Clark brings with him years of experience in sales, having recently held senior positions with brands such as TaylorMade, Adidas Golf and…

Garmin-Navigon Deal Cleared by German Anti-Trust Officials

Garmin Ltd. received antitrust clearance from Germany’s Federal Cartel Office in connection with the planned acquisition of privately held navigation provider Navigon AG by a subsidiary of Garmin Ltd. The acquisition is expected to be completed on J

GRAF Canada Ltd. Appoints VP of US Sales and Marketing

GRAF Canada Ltd., a manufacturer of hockey skates, hockey equipment and professional figure skates, announced the appointment of Dave Smallwood as vice president of US sales and marketing The Graf Canada corporate headquarters are located in Calgary, Alb

Amer Sports to Expand E-Commerce Sites

Amer Sports, which owns the Salomon, Wilson, Atomic, Arc'teryx, Precor, Suunto and Mavic brands, is expanding its own e-commerce initiative following successful pilots in France with Salomon and Suunto. The company will gradually open new web shops i

Dreams Expands Regions Bank Credit Facility

Dreams, Inc. has been approved for an expansion of its credit facility with Regions Bank for $25 million effective immediately, and up to $27.5 million on Oct. 1, 2011. The total financing will represent a $7.5 million increase…

Schwan-Stabilo Acquires Ortovox

As of July 01, 2011, the Schwan-STtabilo group acquired OrtovoxSportartikel GmbH, headquartered in Taufkirchen, Germany, as part of the “consistent expansion of the Schwan-Stabilo Outdoor division.”…

Vibram Sues Fila USA for Patent Infringement

Vibram SpA and its wholly-owned subsidiary, Vibram USA Inc., filed a lawsuit against Fila USA that alleges that Fila's “Skele-toes” footwear infringes on US patents that cover Vibram's FiveFingers. Fila said the allegations have no merit…

The Return of the Blockbuster Deal

With the economy's steady recovery encouraging buyers to pull out their wallets, the floodgates have opened for mergers & acquisition deals…

Sports Authority Extends Sims License

Collective Licensing International, LLC (CLI) and Sports Authority have inked a multi-year extension of the license agreement for the Sims brand…

Obituary: Sport Chalet Founder Norbert Olberz

Norbert Olberz, founder of Sport Chalet Inc., passed away from natural causes on Friday, July 15, 2011. He was 86. Olberz founded the company in 1959, served as Sport Chalet's Chief Executive Officer until 1999 and as Chairman of the Board until 2001

Converse and Parent Nike, Inc. Respond to Worker Abuse Charges

Converse said it took immediate action to alleged worker abuses at Indonesia plant identified in an article by the Associated Press. Converse's statement said, ” As an affiliate of Nike, Inc., Converse takes matters of unfair labor practices very ser

Outdoor Retailer Erects New Exhibitor Pavilion

In its never-ending quest to accommodate new exhibitors, Nielsen Expositions will erect a temporary structure across West Temple Street from the Salt Palace to house more than 150 companies at next month’s Outdoor Retailer Summer Market in Salt Lake