SGB Update

Specialized Establishes European Innovation Hub

Specialized, the cycling brand based in Morgan Hill, CA, announced that Germany’s Denk Engineering had joined the company, forming the Specialized Freiburg Innovation Center.

Lululemon Launches In Spain

Lululemon Athletica, Inc. announced plans to open its first two stores and a local e-commerce site in Spain. Spain is a new European market for the brand since 2019.

LeMond Bicycles Names New CEO

LeMond Bicycles appointed Rick Adams as CEO. He replaces Dean Hendrickson, who will transition to CEO of LeMond Carbon.

OBIT: Bruce Katz

Bruce Katz, the co-founder of Rockport and the founder of Samuel Hubbard Shoe Company, has passed away. He was 75.

PureCycle Appoints New CEO

PureCycle Technologies Inc., the recycling start-up, announced three key leadership changes, effective August 5, 2022.

GenYouth Appoints CEO

GenYouth, the national nonprofit organization, announced it appointed Ann Marie Krautheim as CEO.

NBA Invests In Kids’ Social Network

The National Basketball Association (NBA) was part of a $17 million fundraising round for Zigazoo, a social media platform similar to TikTok that caters to kids between the ages of three and twelve with over one million subscribers.