Golftec Relocates Northern New Jersey Location
Golftec announced it relocated its instruction and club fitting center in Woodbridge Township, NJ, to 465 Green Street in Woodbridge Township.
Puttshack Continues Expansion In Midwest
Puttshack reported its continued expansion in Minnesota by signing a new lease at the Southdale Center in Edina, MN, scheduled to open in the spring of 2024.
U.S. Consumer Confidence Levels Drop For First Time In Four Months
The final confidence levels for March published in the Michigan Consumer Sentiment Index came in at 62.0, down 5.0 (negative 7.5 percent) from February—the first monthly decline the agency reported in the last four months, below Investing.com’s forecast of 63.2.
Wahoo Fitness’ Debt Ratings Lowered
S&P Global Ratings downgraded the debt ratings of Wahoo Fitness after the U.S.-based fitness technology company entered into a forbearance agreement with a term loan and revolving credit facility lenders in anticipation of missing principal and interest payments due March 31, 2023.
Boot Barn’s COO To Retire
Boot Barn Holdings, Inc. reported that Gregory Hackman, executive vice president and chief operating officer, plans to retire in June. He will continue in his position until then and transition his responsibilities to other company executives.
Jetson Electric Bikes Recalled
About 53,000 electric bikes manufactured by Jetson Electric Bikes are under recall as the batteries can overheat, posing a fire hazard. The U.S. Consumer Product Safety Commission reported that two sisters, ages 10 and 15, were killed in a fire, and the company’s 42-volt Jetson Rogue started the blaze.
Topgolf Callaway Brands Reports New Hires And Promotions
Topgolf Callaway Brands Corp., following its recent Q4 and FY 2022 earnings report, announced several executive promotions and new hires, reflecting “the increased scope and scale of responsibilities for these leaders to support the company’s long-term growth.”
Authentic Brands Group Makes Binding Offer To Acquire Boardriders
Authentic Brands Group reported it entered a period of exclusivity and made a binding offer to purchase Boardriders, the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper, and Honolua. Boardrider is owned and managed by Oaktree Capital Management, L.P. Terms were not disclosed.
Benchmade Knife Company Prevails In Patent Infringement Lawsuit
Benchmade Knife Company reported securing a permanent injunction against Hogue, Inc. and Hogue Tool and Machine, Inc., prohibiting them from infringing one of Benchmade’s patents.
Nike Faces Shareholder Proposal On Worker Conditions
In a shareholder proposal released Thursday, activist shareholder platform Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments.
Topgolf Callaway Adds Board Member
Topgolf Callaway Brands Corp. plans to add C. Matthew Turney, chief financial Officer of Dundon Capital Partners, to its Board of Directors.
Ontario Knife Co. Parent Looks For Options For USA Heritage Brand
The Servotronics, Inc. Board of Directors authorized the review of strategic alternatives for the Consumer Products Group (CPG) with the goal of enhancing shareholder value.
True Religion Expanding Into China With New Retail Partner
True Religion is expanding into China with partner Aurorae Group, owner of Evisu Group. Plans are underway to open a mix of 65 freestanding stores and shop-in-shops by 2026, growing to a total of 108 by 2028.
Super League Triathlon Appoints Chief Commercial And Marketing Officer, Three Others
Super League Triathlon hired Jo Sinclair as chief commercial and marketing officer. Matt Caren was promoted to commercial director, Charlie Cook was named marketing director and Adam Leitch is now communications director.
Yamaha Marine Group Names Director Of Marine External Affairs
Yamaha Marine Group named Martin Peters, director of marine external affairs, responsible for marine sustainability, regulatory matters, government relations, and communications.
