SGB Update

Progression Brands Group Named Exclusive U.S. Distributor Of ODLO Brand

ODLO, a performance apparel brand based in central Switzerland, named Colorado-based Progression Brands Group (PBG) as its exclusive distributor for the U.S. market. The 75-year-old company designs and sells its sustainably made, technical apparel for runners, skiers, cyclists, hikers, and outdoor enthusiasts in more than 40 countries worldwide. ODLO reported it “chose PBG for its […]

Kohl’s Debt Ratings Lowered

Moody’s Investors Service downgraded the debt ratings on Kohl’s due to an erosion of its market position and the deterioration in credit metrics to levels not reflective of an investment grade rating.

Mountain High, Dodge Ridge Owners Purchase China Peak Mountain Resort

Mountain High and Dodge Ridge owners, Invision Capital and Karl Kapuscinski purchased China Peak Mountain Resort in Lakeshore, CA from long-time owner Tim Cohee, a ski industry veteran who’s spent the past 12 years at the helm of China Peak. Cohee will stay on as the resort’s general manager.

Yue Yuen’s Sales Dip 2.8 Percent In November

Yue Yuen reported consolidated operating revenue in November reached $657.5 million, representing a decline of 2.8 percent year over year. Sales grew 6.1 percent at Yue Yuen’s Manufacturing Business segment and fell 17.8 percent at Pou Sheng, Yue Yuen’s retail subsidiary in China.

Newell Brands Finalizes CFO Transition

Newell Brands hired Mark Erceg as CFO, effective January 9, 2023. He succeeds Chris Peterson who transitions into his role as president, reporting to Ravi Saligram, CEO.

RYU Board Member Resigns

RYU Apparel, Inc. informed its shareholders that Roger Edwards, the company’s director, had resigned, effective immediately.

Precor Undergoes Leadership Changes In Peloton Realignment

Precor reported it was repositioned as a wholly-owned subsidiary under Peloton, led by Dustin Grosz, the fitness equipment maker’s interim CEO. As part of the transition, Betsy Webb will step down as vice president of Peloton Commercial, which had supported the Precor subsidiary, effective January 6, 2023.

Fenix Outdoor To Divest Primus Brand

Fenix ​​Outdoor AB agreed to divest Primus AB and its subsidiary, Primus Eesti Ou, to Silva Sweden AB, at closing in Spring 2023.

Lids Opens Lids Hat Drop Concept Store

Lids opened a retail concept store, Lids Hat Drop, an iteration of the LidsHatDrop.com platform launched earlier this year, in Jamaica, Queens, NY.