SGB Update

Adidas’ Senior Unsecured Notes Offering Rated A2 By Moody’s

Moody’s Investors Service assigned an A2 rating to Adidas AG’s proposed €1.0 billion senior unsecured notes, split into two tranches maturing in 2025 and 2029. Proceeds from the notes will be used for general corporate purposes, including the refinancing of the company’s €500 million convertible bond due in September 2023.

AstroTurf Names Vice President, Business Development

AstroTurf promoted Rob Mitchell to vice president, business development. Mitchell previously worked as AstroTurf’s director of rugby and as a regional sales manager in Wisconsin, Illinois, Minnesota, and Indiana.

Lululemon Adds Board Member

Lululemon Athletica, Inc. said Isabel Ge Mahe had joined its Board of Directors, effective immediately. Ge Mahe is vice president and managing director of Greater China for Apple.

Puma And Foot Locker Expand Partnership

Puma and Foot Locker, Inc. have extended their long-standing partnership through collection and marketing collaborations with a refocus on basketball and to reach younger consumers.

Camping World Acquires Alabama RV Dealer

Camping World Holdings, Inc. has agreed to acquire Ashley Outdoors, a family-owned RV dealership in Salem, AL. The company expects to close the sale in the first quarter of 2023, adding to Camping World’s existing Alabama locations in Calera, Dothan, Anniston, and Robertsdale.

Primary Arms Optics Names Director Of Sales

Primary Arms Optics hired Scott Tirman as director of optic sales. Prior to the role, Tirman was the CFO and vice president of operations at Steyr Arms in Bessemer, AL. 

Nike’s Chief DEI Officer Exits

Nike’s chief diversity, equity and inclusion (DEI) officer, Jarvis Sam, has exited Nike after only five months in the post, according to a report from Business Insider.

Dillard’s Sees Q3 Profits Slip

Dillard’s Inc. reported a slight decline in earnings in the third quarter as a gross margin decline offset 3 percent same-store sales growth.

Gregory Sales Slip At Samsonite

Samsonite International S.A. reported sales of the Gregory backpack brand were down 2.7 percent on a currency-neutral basis in the third quarter.