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.
SportsPursuit Merges With Private Sport Shop
UK-based SportsPursuit, the online discount retailer and part of Baker’s bd-capital portfolio, announced it has merged with France-based Private Sport Shop.
Kohl’s Sale To Franchise Group Is Terminated
Kohl’s terminated acquisition talks with Franchise Group, owner of The Vitamin Shoppe. The company also cut its sales outlook for the second quarter.
Wolverine Worldwide Sells Champion Footwear Trademarks
Wolverine World Wide, Inc. announced that Keds, LLC, its wholly-owned subsidiary, has sold the Champion trademarks for footwear in the United States and Canada to its longtime licensee, HanesBrands, Inc, for $90 million in cash.
Stan’s Fit For Your Feet Acquires Waxberg’s Walk Shoppe
Milwaukee-based Stan’s Fit For Your Feet is expanding into Chicagoland with the purchase of Waxberg’s Walk Shoppe.
Anta Sports Adds Board Member
Anta Sports Products Limited appointed Xia Lian, currently the general manager of Beijing Qingkongdaokou Investment Management Co., Ltd, as an independent non-executive director of the company.
L.L. Bean’s New Headquarters To Open Next Spring
L.L.Bean’s $110 million headquarters redevelopment will be completed two years ahead of schedule as the flexible work-from-home culture during the pandemic enabled construction to speed up, according to Mainebiz.com.
Recall: Rio-Branded Swinging Hammock Chairs
About 786,000 RIO-branded swinging hammock chairs from ShelterLogic are being recalled.
AlgiKnit Raises $13 million In Series A Funding
AlgiKnit, a sustainable kelp yarn producer based in North Carolina, has received $13 million in a Series A financing round led by Collaborative Fund with participation from H&M CO:LAB and SOSV.
NRF Says Economy Is Slowing But Recession Is Unlikely In Near Term
The U.S. economy’s rate of growth is slowing, but consumers remain financially healthy and the nation is unlikely to enter into a recession during the remainder of 2022, National Retail Federation Chief Economist Jack Kleinhenz said.
Winnebago Announces Senior Leadership Moves
Winnebago Industries, Inc. announced that Amber Holm accepted the position of senior vice president, chief marketing officer. Sri Koneru was promoted to senior vice president, chief information officer and Chad Reece was promoted to vice president, government and industry relations.
American Sportfishing Association Elects Board Of Director Members For 2023
Four members of the American Sportfishing Association (ASA) were elected to fill two At-Large seats and two regional seats on the board of directors.
BioSteel Sports Nutrition Appoints President
BBioSteel Sports Nutrition Inc. announced the appointment of Bruce Jacobson as president.
The Lycra Company Announces New Equity Ownership
The Lycra Company announced that a group of financial institutions, comprising Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management, and China Everbright Limited (“New Shareholders”), have gained complete equity control of the company.
Mitchell & Ness Partners With NHL
The NHL, Fanatics and Mitchell & Ness announced an agreement giving Mitchell & Ness official rights to create apparel and accessories for the NHL and its 32 teams.
