Varsity Brands To Pay $43.5M In Antitrust Settlement
Varsity Brands has agreed to pay $43.5 million to settle a federal lawsuit that the student apparel company and producer of cheerleading events abused its industry dominance, causing private gyms and spectators to pay artificially inflated prices.
Long-Time Outdoor Cap Rep To Retire
On March 31, Lisa Hawkins, Outdoor Caps outside sales rep for Idaho and Oregan will retire. Randy Snyder, who represents the brand in Alaska, Montana and Washington, will assume her role in those states.
Bote Opens New Flagship Store In Fort Lauderdale
Bote opened a retail location in Fort Lauderdale, FL, with an exterior that features the brand’s black-and-white flagship design.
L Catterton Secures Investment From Hunter Point Capital
Hunter Point Capital reported it made a minority investment in L Catterton, the consumer-focused private equity firm with investments in the active lifestyle space, including 2XU, Birkenstock, Kodiak, Pinarello, Seafolly, Taxa Outdoors, and West Marine.
Aeroe Names Global Sales Director
Aeroe, the maker of bike racks, hired Andrew Inman as global sales director. The New Zealand-based brand reported expanding its North American distribution and retailer network.
Hurley Owner Acquires Scotch & Soda
Bluestar Alliance, the New York-based owner of Hurley, Bebe and Tahari, announced it acquired Dutch fashion brand Scotch & Soda, which filed for bankruptcy in the Netherlands last week.
Revo Brands Hires Chief Revenue Officer
Revo Brands, the parent company of Real Avid and Outdoor Edge Cutlery, hired Kenan Ikels as chief revenue officer. In this role, Ikels leads sales for Revo Brands with responsibility for the company’s top-line revenue growth.
Drive Shack Announces $26.5 Million Term Loan Facility
Drive Shack, Inc. announced today that it had obtained a $26.5 million senior secured term loan facility to fund the construction of its Puttery venues currently in development.
Camping World To Acquire Utah RV Retailer
Camping World Holdings, Inc. agreed to acquire Utah-based Carbon Emery RV, which includes two dealerships located along US Route 6 between Provo and Interstate 70.
Rally House To Open Another Pittsburgh Store
Rally House has become a pillar of the Pittsburgh sports community in recent years. The retailer reported it intends to open a new store in the Monroeville area. Rally House Miracle.
Titleist Parent CFO To Resign
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported that Thomas Pacheco, its EVP, CFO and chief accounting officer, intends to resign, effective August 15, 2023, to pursue other interests.
Yeti Eliminates SVP Of Sales Position
Yeti Holdings, Inc. reported a realignment of its commercial and sales organization, which included, among other things, eliminating the senior vice president of sales position. As a result, Yeti terminated the employment of Kirk Zambetti, who had worked in the role since 2016.
Kith Opens Store In Williamsburg
Kith opened a store in the Williamsburg section of Brooklyn, the second for the brand in Brooklyn following the opening of its flagship at 233 Flatbush Avenue near the Barclays Center in 2015.
Zumiez North America President To Retire
Zumiez, Inc. reported that Troy Brown, the president of North America Zumiez, Inc., has decided to retire. According to a regulatory filing, Brown agreed to stay with the company until June 30, 2023 to transition his duties.
Jordan Brand World Location To Open In Tokyo
Jordan World of Flight Shibuya is opening as the first Jordan-only store in Japan this March. The 9200-square-foot space follows the opening of Jordan World of Flight Milan in December 2022.
