Quell Raises $10M In Series A Funding Round
Quell, the UK-based fitness gaming developer and publisher, completed a $10 million Series A funding round led by Tencent with follow-on investment from Khosla Ventures, Heartcore Capital, Social Impact Capital, and entrepreneur Naval Ravikant.
Life Time To Hold Pickleball Tournaments
Life Time, the operator of over 160 fitness clubs, is bringing nine pickleball tournaments to its locations resulting from alliances with the Professional Pickleball Association and Major League Pickleball.
USA Triathlon Foundation Hires New Chair, Officers
The USA Triathlon Foundation hired Alex Egan as Chair of its Board of Trustees following the Board’s 2022 officer elections. The organization also named three officers.
Blain’s Named One Of America’s Best Employers For Fifth Year
Forbes magazine named Blain’s Farm & Fleet one of “America’s Best Midsize Employers” for the fifth year in a row. In 2023, Blain’s Farm & Fleet ranked as the #1 Wisconsin-based retail and wholesale company.
Penn Entertainment Completes Acquisition Of Barstool Sports
Penn Entertainment, Inc. completed its previously announced acquisition of Barstool Sports, Inc. after securing a three percent stake in Barstool Sports in February 2020. Penn realized the remaining interest in Barstool Sports for approximately $388 million.
Fila Holdings Raises Dividend Payout Ratio For Fifth Consecutive Year
Fila Holdings has raised its total annual dividend payout ratio for a fifth consecutive year, as the company approved during a recent board meeting an annual dividend payment of 45.07 billion Korean won, or 750 won per share.
Klim Recalling Backcountry Probes
In cooperation with the U.S. Consumer Product Safety Commission, Klim recalled its backcountry probes due to a severe injury or death risk.
Olympia Sports Intellectual Property Sold At Auction
The intellectual property and related assets of Olympia Sports, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter, were sold for $180,000 to 54 Glen Cove Realty, LLC at an auction run by Hilco Streambank.
Fleet Feet Franchisee Opens Sixth Store In Washington State
Fleet Feet opened a store in Richland, WA, operated by Julie and Wade Pannell, who own five Fleet Feet stores in Washington state, including Bonney Lake, Spokane, Spokane North, Spokane Valley, and Tacoma.
Report: U.S. Footwear Industry Sales Expected To Stabilize Through 2025
Following pandemic-fueled volatility since 2020, U.S. footwear industry sales are expected to stabilize over the next three years, according to The NPD Group.
Hang Ten Brand Heads Back To European Market With New Partner
Hang Ten is back on the European licensing scene, having appointed Plus Licens as its European licensing agent.
The RealReal Announces Layoffs, Store Closings
In a regulatory filing, the RealReal, the luxury consignment website, said it plans to lay off seven percent of its workers and close two flagship stores, two neighborhood stores and two consignment offices as part of a cost-savings plan.
Selkirk Sport Enters Pickleball Partnership With Nike’s US Sports Camps
Selkirk Sport, the pickleball equipment and paddle manufacturer, entered a partnership with US Sports Camps, the official provider of Nike Sports Camps.
Lazydays Acquires Findlay RV In Las Vegas
Lazydays reported its first acquisition of 2023 with the purchase of Findlay RV in Las Vegas, bordering four of the top 15 RV market states, and compliments the company’s operations in Arizona.
Arcus Hunting Hires New CEO
Arcus Hunting, LLC, the manufacturer of Tink’s, Dead Down Wind, Ramcat Broadheads, and Trophy Taker, hired Jody Agnew as chief executive officer.
