SGB Update

Princeton Tec Enters The Cycling Market

Princeton Tec is tailoring their lighting technologies for the bicycling industry. Their new Bike Series will offer cyclists three different handlebar mounted models which will make their trade debut at the upcoming Inter Bike show in October 2003, and wi

Bellcourt Out at Grivel N.A…

Bill Bellcourt has resigned from his position as president of Grivel N.A. after a two-year sprint to make his start-up company profitable. Legendary author and alpinist Mark Twight will be taking the reigns from Bellcourt, along with his existing duties a

And The Prize Goes To…

Canoe and Kayak magazine has named their Boat Manufacturer, Accessory manufacturer, and Retailer of the year award winners for 2003. This is the 15th annual presentation of these honors, which were voted on by 700 retailers and 650 manufacturers…

3M Promotes Thulin to Executive VP of International Operations…

3M announced today that Inge Thulin, vice president, Europe and Middle East, has been appointed executive vice president, International Operations. Thulin succeeds Joseph Giordano, who has announced his retirement from 3M.Herman E. Nauwelaerts, division v

Callaway Closes Top-Flite Acquisition

Callaway Golf Company announced Monday it has completed its transaction for the purchase of substantially all of the assets of the Top-Flite Golf Company. The closing took place at the New York law offices of Paul, Weiss, Rifkind, Wharton and Garrison…

Cannondale Appoints Paul Francese As CFO

Cannondale has announced that Paul Francese will be joining the company on October 1st as its new Chief Financial Officer. The hiring of Francese fills the last remaining vacancy in Cannondale's executive team, and comes two months after Bell Sports

It Was a Busy Week in Human Resources…

The sheer volume of personnel moves made in the industry the past few weeks – and a few that have been unreported until now – has pushed the usual back page Movers & Shakers footnote blurbs to front page news this week.
Both Retailers and Vendors look to

Varsity Brands Gets Approval to Go Private

Varsity Brands, Inc. on Monday announced that a majority of its stockholders have approved the proposed acquisition of Varsity by an affiliate of Leonard Green & Partners, L.P. and Varsity senior management…

Zodiac Performs Despite Weak Dollar

Zodiac beat its operating targets for 2002/03, with organic growth in its Aerospace businesses (+0.7%) and a strong advance in the Marine segment (+7.7%). However, the exceptionally rapid slide in the dollar – down 18% year-on-year – offset some of this g

Footstar Reports Preliminary Findings; Mickey Robinson is Out

Footstar, Inc. reported the findings to date of its previously announced investigation into accounting discrepancies identified by Footstar management in November 2002. The Company also announced that Mickey Robinson, Chairman and CEO, has left the Compa

Pony to Launch Lifestyle Magazine

Pony International will launch Juice Magazine, a quarterly that will appropriate Pony's outlaw aesthetic into a lifestyle magazine, representing the insurgent innovators of fashion, film, music and sports. Pony's Juice Magazine will be available

Quiksilver Looks to be the Next Billion Dollar Industry Company…

Quiksilver chairman and CEO Bob McKnight said they had “one of the best quarters we have ever had” when it reported results for its fiscal third quarter. The company said it expects to meet analyst expectations for the balance of the year and surpass the

Sears Gets Structure from Limited

Sears, Roebuck and Co. has acquired all rights to the Structure brand from Limited Brands, Inc. Specific terms were not disclosed, however the financial consideration was less than $10 million. Structure merchandise is expected to be in Sears stores by

The Planets Align for Cutter’s Fiscal Q1…

The street appears to like the job Cutter & Buck CEO Fran Conley is doing, rewarding the company with a 17.6% jumps in CBUK shares for the week to close at $8.00 on Friday. They also appeared to be placing a bet that she was going to stay on for awhile..

Warnaco Group Names New CFO

The Warnaco Group, Inc., parent to Speedo and Authentic Fitness, has named Lawrence Rutkowski as Senior Vice President and Chief Financial Officer. Rutkowski most recently he served as Executive Vice President and Chief Financial Officer at Primedia, Inc