SGB Update

Stretch Zone Secures Equity Partner

Stretch Zone, recently surpassing 250 locations, received an investment from Princeton Equity Group to support the expansion of its national footprint and client growth.

Gared Holdings Announces New CEO And Promotion

Gared Holdings, LLC hired Marcus Johnson as chief executive officer succeeding Kevin Hinkamper, effective immediately. Don Carle was promoted to chief revenue officer of Gared Holdings and president of Gared, Gared International and PSS divisions of Gared Holdings.

Blue Ridge Chair Works Hires Head Craftsman

Blue Ridge Chair Works, a portable outdoor furniture manufacturer, hired Colin Buxton as a head craftsman who is also tasked with introducing a brand refresh.

FitFlop Secures $30 Million To Fund Growth

FitFlop secured a five-year $30 million revolving credit facility from London-based Aurelius Finance Company, an independent secured lender providing asset-based financing solutions to the UK and European companies to support long-term growth.

Rocky Brands Sells Servus Brand

Rocky Brands, Inc. reported it sold its Servus brand to PQ Footwear, LLC, an Industrias PetroQuim, SA subsidiary based in the Dominican Republic.

IHRSA Responds To FTC Membership Rule Proposal

In a statement, Liz Clark, IHRSA president and CEO, criticized the Federal Trade Commission’s (FTC) proposal dealing with cancellation methods for specific services and memberships.

USTA Launches USTA Connect

The U.S. Tennis Association (USTA) launched USTA Connect, an initiative to connect key members of the U.S. tennis industry to increase industry collaboration and provide insights and services.