SGB Update

Poler Stuff Appoints First Vice Presidents

Poler Stuff announced the appointment of its first vice president titles to Kharma Vella as VP of product & marketing and MJ Ko as VP of sales & operations.

Kokopelli Names Director of Marketing

Kokopelli, the maker of packrafts, hired Kyle Rajaniemi as director of marketing, leading brand growth, content creation, event strategy, and e-commerce.

Nike VP Joins Estée Lauder’s Board

The Estée Lauder Companies, Inc. appointed Angela Wei Dong, global vice president and general manager, Greater China, Nike Inc., to its Board of Directors.

Li Ning’s CFO Retires

Li Ning Company, Ltd. announced that Terence Tsang, its chief financial officer, has retired due to retirement age. 

JDH Capital Acquires Pure Archery Group

JDH Capital Company announced its acquisition of Pure Archery Group, the manufacturer of archery products. Pure Archery owns the Bowtech, Diamond, Excalibur, Black Gold, TightSpot, RipCord, and Octane brands.

Delta Apparel Expects Q3 Sales Growth Of Approximately 6 Percent

Delta Apparel, Inc. said it expects net sales for its 2022 fiscal third quarter ended July 2 to be approximately $126 million, a 6 percent increase compared to the prior-year third-quarter net sales of $118.7 million and mid-single-digit growth when compared to the pre-pandemic fiscal 2019 third-quarter net sales.

Peloton To Exit Manufacturing Operations

Peloton Interactive said on Tuesday that it would cease in-house production of its bikes and treadmills and move manufacturing to partners to simplify its operations and reduce costs. The New York-based company will expand its relationship with Taiwanese manufacturer Rexon Industrial Corp., which will become the primary hardware manufacturer for its bike and tread product lines.

Outdoor Cap Hires Head Of Technology

Outdoor Cap, the headwear manufacturer, has hired Jermaine Oldham as head of technology for its Retail, Team Sports and Promotional Products businesses.

Designer Brands To License Le Tigre Footwear

Designer Brands, Inc., the parent of DSW, announced an investment in and licensing agreement with Le Tigre, the American athletic apparel brand famous in the 1980s. Designer Brands will design and produce Le Tigre footwear to be sold primarily through DSW and The Shoe Company.