Metabolism Tracker Lumen Raises $62 Million
Lumen, an Israeli med-tech company that manufactures a device to check metabolism, raised $62 million in a Series B funding led by Pitango Venture Capital.
Icebreaker Names Senior Manager, U.S. Wholesale
Icebreaker hired Jamie Baker as senior manager of U.S. Wholesale, effective immediately.
Brookfield Buys Label Maker Trimco
According to a Bloomberg report, Affinity Equity Partners sold Hong Kong-based clothing label maker Trimco Group to Brookfield Asset Management. The deal values Trimco, which counts Nike as one of its biggest clients, between $800 million and $900 million.
3Step Sports Acquires North Pacific Juniors Volleyball Club
3Step Sports reported it acquired the North Pacific Juniors Volleyball Club (NPJ) to its volleyball organization as it expands into the Pacific Northwest.
Mustang Survival President Resigns
Jason Leggatt, president of Mustang Survival and Andrew Branagh, the CEO of The Wing Group, announced that Leggatt had resigned from his position. He will remain with the company as a member of its Board.
Xponential Fitness Signs Master Franchise Agreement In Japan For Rumble And AKT
Xponential Fitness Inc. signed a Master Franchise Agreement in Japan for Rumble and AKT.
The Buckle Declares Special Cash Dividend, Adds New Board Member
The Buckle, Inc.’s Board of Directors authorized a $2.65 per share special cash dividend and a 35 cents per share quarterly dividend. It also elected Shruti S. Joshi to its Board of Directors.
BSN Sports Acquires Delaware’s Unique Image
BSN Sports, a division of Varsity Brands, acquired Unique Image, LLC located in Wilmington, DE.
Sports Basement Opens Twelfth Store
Sports Basement reported it opened its newest store in Fountain Valley CA in the former Fry building. Sports Basement has eleven other locations in Northern California. The new store is the retailer’s first in Southern California.
Nike Ends Endorsement Deal With Kyrie Irving
Nike ended its endorsement deal with Brooklyn Nets star Kyrie Irving. The move comes a month after Irving shared a link on Twitter to a film containing antisemitic material.
Steve Rendle Retires As VF Corp.’s CEO
VF Corp. reported Chairman, President and CEO Steve Rendle is retiring. Benno Dorer, a lead independent director of the VF Board, was named interim president and CEO, effective immediately. VF also again lowered its revenue and earnings expectations for the second half of its fiscal year.
Camping World Opens RV Dealership In San Martin
Camping World Holdings Inc. opened a new RV dealership at its existing San Martin location in California.
Rossignol Group Opens Multi-Brand Mountain Sports Store In Quebec
The Rossignol Group opened a Start Gate concept store in Bromont, Quebec. The multi-brand, multi-season store is managed in partnership with Sports Bromont, one of the Group’s regional retail partners.
U.S. Consumer Confidence Drops To Lowest Level Since July
The Conference Board Consumer Confidence Index decreased in November after losing ground in October. The Index now stands at 100.2 (1985=100), down from 102.2 in October.
Zwift Names Amazon Executive As Co-CEO
Zwift hired Amazon executive Kurt Beidler as co-CEO, sharing the role with founder Eric Min. Min has been CEO since Zwift was founded in 2014.
