Elevate Outdoor Collective Hires Chief Operations Officer
Elevate Outdoor Collective, the parent company of the K2, Marker, Dalbello, Volkyl, Line Skis, and Tubbs snow sports brands, hired Josee Larocque as chief operations officer, effective immediately,
Aerosoles Inks Licensing Agreement With United Intimate Group
Aerosoles signed a new licensing agreement with United Intimate Group to distribute women’s sleepwear, robes and intimate apparel. American Exchange Group acquired Aerosoles in 2022.
Xponential Fitness Appoints Chief Legal Officer
Xponential Fitness, Inc. hired Andrew Hagopian as chief legal officer, effective March 1, 2023.
Retail Giant Pou Sheng Sees Sharp 2022 Profit Decline On Pandemic Woes
Pou Sheng International (Holdings) Limited warned that it expects to record a 20 percent decline in revenues to approximately RMB18.6 billion for the year ended December 31. The resulting profit is attributable to owners of the Chinese mega-retailer and is forecasted to fall approximately 75 percent to approximately RMB89 million for the year compared to the 2021 financial year.
Gymshark Names Creative Director Of Lifting
Gymshark has named David Laid as its first creative director of lifting. In the role, Laid will be responsible for, among other things, product development, creative direction, athlete recruitment and IRL events.
Velo Cyclery Names President And CEO
Velo Cyclery, an online retailer of cycling equipment and accessories headed by investment management firm Sterling Partners, comprised of Planet Cyclery and Colorado Cyclist, hired Paul McAfee as president and CEO.
Berkshire Hathaway’s Apparel And Footwear Sales Slide 4.5 Percent In 2022
Berkshire Hathaway Corp.’s sales across its apparel and footwear businesses slid 4.5 percent in 2022 compared to 2021 due to inventory reduction efforts in the mass channel, according to the holding company’s annual report. The businesses include Fruit of the Loom, Russell, Spalding, Garan, H.H. Brown Shoe Group, and Brooks Sports.
Vortex Optics Acquires GeoBallistics
Vortex Optics acquired GeoBallistics, a Dallas, TX-based business providing ballistic mobile application software.
Hanesbrands Makes Board Of Directors Changes
HanesBrands, Inc. appointed Mark Irvin, shown, to its board of directors. Bobby J. Griffin, a board director since 2006, plans to retire when his current term ends timed with HanesBrands 2023 annual meeting of stockholders.
Zalando To Eliminate “Hundreds” Of Jobs
German online fashion retailer Zalando said in an e-mail to employees that it plans to cut hundreds of jobs to help it confront a “more challenging” economic environment after years of rapid growth.
Report: Foot Locker In Discussions On India Entry
Indian multi-brand footwear company, Metro Brands, is talking with Foot Locker to bring the U.S. brand into India.
West Marine Seeks Additional Funding From Owner
West Marine, Inc. is in talks to secure additional funding from L Catterton, its owner, as it faces pressure from its lenders over its term loan, according to Bloomberg Law.
NGF Sees Biggest Golf Participation Jump Coming In Juniors
The National Golf Foundation is reporting that the overall golfer base has gotten more diverse as participation levels have increased the past several years. NGF sees the biggest participation increases over the past three years have come in the junior ranks.
Authentic Brands Closes In On Acquisition Of Quiksilver, Billabong Parent
Authentic Brands Group has proposed a new term loan that it plans to use to support a potential acquisition of Boardriders, Inc., according to a report from Moody’s.
Swing Racquet + Paddle Inks Wilson Deal For “Sportstainment” Venue
Swing Racquet + Paddle has inked a deal with Wilson Sporting Goods Co. as a leading sponsor a “first-of-its-kind dedicated multi-racquet & paddle sport and Sportstainment venue.”
