SGB Update

Blenders Eyewear Appoints Industry Vet as New CEO

Jack Gray brings nearly two decades of building and scaling global brands, including at Adidas, to the West Coast manufacturerer of men’s and women’s sunglasses and snow goggles.

Perfect Moment Closes on $6.4 Million Private Placement Funding

The 1,723,989 shares of Series AA Convertible Preferred Stock are convertible into shares of common stock at a fixed price of $1.1601 per common share. Participants in the offering include Max Gottschalk, co-founder and chairman of Perfect Moment, who invested $2.0 million.

Marathon Sports Acquires Fleet Feet Maine Running

Fleet Feet Maine Running, the two-store specialty store based out of Portland, ME, has concluded the sale of its specialty running business to Marathon Sports, a 26 location New England running specialty store brand based in Boston.

Birkenstock Opens Tenth U.S. Retail Store in Nashville, TN

Birkenstock Nashville, located at 2212 12th Avenue South, hosted an opening event on March 27. Birkenstock created a campaign that spotlights the locals who shape the city’s culture and long-time Birkenstock wearers, captured by photographer Cristina Fisher.

FDRA: Most Footwear Execs Surveyed See Weakening Business Ahead

The Q1 survey conducted among footwear execs reportedly shows a significant decline in industry confidence, with 87 percent of respondents expecting a weaker economy over the next six months – the most pessimistic outlook in the survey’s history.

Crunch Franchise to Open Crunch Gyms in Austin and Tulsa

Operated by Crunch Fitness franchisee The Undefeated Tribe, Crunch South Park Meadows in Austin, TX, a 45,000-square-foot fitness facility and Crunch Tulsa Midtown in Tulsa, OK, a 42,000-square-foot facility, will both open in Fall 2025.