SGB Update

Lululemon Launches On Zalando

Expanding on its presence in Europe, Lululemon agreed that Zalando, a European online fashion and lifestyle platform, would be its preferred European online retail seller.

Compass Diversified Board Member Retires

Compass Diversified, owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that C. Sean Day had retired from its Board of Directors, effective June 30, for personal health reasons. Heidi Locke Simon, a former partner at Bain & Company, replaced Day.

Fanatics Partners With Rakuten To Serve Japanese Sports Fans

Fanatics reported it launched its first online marketplace in Japan, opening a store on Rakuten Ichiba, operated by global internet services leader Rakuten Group, to improve access to licensed sports merchandise for customers in Japan.

General RV Breaks Ground On 15th Dealership

General RV Center, the largest family-owned RV dealer in the U.S., held a groundbreaking ceremony for its 15th supercenter store in South Weber, UT, its second general RV store in the state.

Kit And Ace Acquired By Unity Brands

Kit and Ace, the technical apparel company started by Lululemon Athletica founder, and ex-CEO, Chip Wilson and his family, was reportedly acquired by Unity Brands, the company run by Canadian retail veteran Joe Mimran.

Adidas HR Chief To Depart This Month

Adidas AG reported that Amanda Rajkumar, executive board member and labor director of Adidas, responsible for global human resources, people and culture, informed the company’s Supervisory Board that she would not renew her contract, which expires in December 2023 and is leaving the company on July 15. Adidas provided no reason for Rajkumar’s decision.

Sig Sauer Adds New General Counsel

Laurence Grayer joined Sig Sauer as EVP, general counsel and chief compliance officer as a business partner to provide counsel while furthering corporate business objectives.

Adidas Partners With Roma

Adidas signed a long-term partnership with Roma to become the Italian soccer club’s new kit supplier, replacing New Balance.

Rapala VMC Lowers 2023 Outlook

Rapala VMC Corp., the fishing tackle company based in Helsinki, Finland, lowered its financial outlook for the year, now expecting 2023 operating profits to be “significantly below” 2022 due to marketplace inventory destocking efforts.

MEC Tied For Top Place With Costco As Canada’s Most Trusted Brand

In a tie with Costco, the Gustavson Brand Trust Index recognized Mountain Equipment Company (MEC) as Canada’s most trusted brand. Other brands in the active lifestyle space that made the Index’s Top 50 most trusted brands were Columbia Sportswear at No. 3; The North Face, 12; Patagonia, 15; and Canadian Tire, the parent of SportsChek, 37.