SGB Update

Puma Opens Running Testing Facility

Puma opened the Puma Nitro Lab, an athlete testing facility developed in partnership with Hartmann Orthopedics & Sports. Based at Hartmann’s facility near Frankfurt, Germany, the lab provides athletes with detailed, full-body insights using tests and scans, including 4D Motion analysis.

Women’s Tennis Association Secures $150M Investment

The Women’s Tennis Association announced that CVC Capital Partners, the global private equity firm, had become a commercial partner after making a $150 million investment that gave CVC a 20 percent stake in a new commercial subsidiary named WTA Ventures.

REI To Open In Sarasota This Fall

REI Co-op will open a store in Sarasota this Fall 2023 in the University Town Center, its eighth store in Florida.

A.k.a. Brands Sees Q4 Sales Fall 18 Percent; CEO To Take Medical Leave

A.k.a. Brands Holding Corp, the parent of Princess Polly, Culture Kings, mnml and Petal & Pup., reported sales decreased 18.3 percent in the fourth quarter, to $149.1 million, compared to $182.4 million in the fourth quarter of 2021. Currency-neutral sales were down 13 percent.

Report: Shein Exploring IPO

Shein, the Chinese-based online fashion retailer, intends to raise about $2 billion in a new funding round in March and is aiming for a U.S. initial public offering listing in the second half of this year.

Beachbody Changes Name To BODi; Hires Vice President

The Beachbody Company, Inc. changed its name from Beachbody to BODi, reflecting the digital platform’s recently founded Health Esteem category. Petra Kolber was hired as vice president of Personal Development and Mindset

Johnson Fitness & Wellness To Open 17 Stores In Texas

Johnson Fitness & Wellness, the retail division of Taiwan-based Johnson Health Tech, reported it would open 17 stores in major metro markets in Texas and a commercial sales and service division.