SGB Update

Strive Closes $6M In Funding To Accelerate Growth

Strive is the online fitness platform that optimizes muscle performance for elite athletes and teams through proprietary algorithms and sensors, announced it closed $6 million in Series A funding.

Fitmint Secures First Seed Funding Round

Move-to-earn startup Fitmint raised seed funding of $1.6 million led by venture capital firm General Catalyst, with participation from iSeed, Kearny Jackson, Dweb3, and 1947 Rise, among others.

Inov-8 Appoints New CEO

Inov-8 announced that Mike Snell would join the company as its new CEO in October 2022. Snell will leave his current role as commercial director for supermarket chain Asda in September 2022 before joining the UK-founded and headquartered brand.

Florence Marine X Announces New GM, Hawaii

Florence Marine X, an outdoor apparel company co-founded by two-time world champion surfer and Olympian John John Florence, announced that it had named Joel Centeio as GM, Hawaii.

Tivity Health Sold To Stone Point Capital

Tivity Health, which includes SilverSneakers, Prime Fitness and WholeHealth Living, has completed the acquisition by funds managed by Stone Point Capital for $32.50 per share in cash.

Skechers Opens Superstore In New Jersey

Skechers announced it had opened its largest East Coast retail store in New Jersey. The 22,000-square-foot superstore is at The Mills at Jersey Gardens.

Pou Sheng Names New CEO, Chairman

Pou Sheng, Yue Yuen’s Chinese retail subsidiary, appointed Wang Jun as CEO, effective July 1, succeeding Shao-Wu Lee who is stepping down to become chairman.

Obit: Luxottica Founder Dies At 87

Leonardo Del Vecchio, the chairman of eyewear giant EssilorLuxottica and founder of Luxottica, has passed away at the age of 87.

Anon Appoints General Manager

Anon, a maker of ski and snowboard helmets, goggles and sunglasses owned by Burton, has named Mark Wakeling as general manager.

USWE Sports AB Acquires Giant Loop

USWE Sports AB, a publicly traded backpack company based in Malmö, Sweden, has acquired Bend, OR-based Giant Loop LLC, a powersports brand known for its innovative off-road motorcycle soft luggage designs. The transaction is scheduled to close on July 1.