SGB Update

Sapphire Sport Venture Fund Raises $181 Million

Sapphire Sport, a venture fund, raised $181 million from a group of investors, including Adidas, Sinclair Broadcast Group, Madison Square Garden Sports, Arctos Sports Partners, City Football Group, and AEG Worldwide.

Mystery Ranch Names VP Of Sales And Marketing

Mystery Ranch hired Dan Dahl as VP of sales and marketing. He brings extensive experience in outdoor, fashion, military, and international markets to the position.

Pacsun Announces Leadership Transition

Pacsun reported a leadership transition in which Brie Olson, Pacsun president and Board member, will be appointed co-chief executive officer with Co-CEO Mike Relich, effective March 9, 2023. Alfred Chang will step down after 17 years with the company to join Fear of God, a Pacsun brand partner, as CEO.

Foot Locker Reports Executive Exit, Job Cuts, Sidestep Wind Down

Foot Locker, in a regulatory filing, announced that Andrew Gray, EVP, Global Lockers and Champs Sports, had left the company, effective January 23. The company decided to wind down its Sidestep banner in Europe and eliminate some corporate and support roles.

Vista Outdoor Resets Action Sports Platform

Vista Outdoor announced internally that the company had realigned its cycling, snow and powersports platform, according to a media statement attained by SGB Media. 

Vuori Becomes Apparel Partner For Exos

Exos, the coaching and corporate wellness company, signed a deal with Vuori making it the brand’s exclusive performance apparel partner.

KOA Posts Record Revenue, Continued Growth In 2022

Kampgrounds of America, Inc. (KOA) capped its 60th year of business in 2022 with record revenue surpassing 2021, the company’s previous highest-grossing year, by 1.3 percent. 2022 registration revenue grew by 34.3 percent over 2019, indicating that camping and outdoor hospitality have reached a new level of popularity since the COVID-19 pandemic.