Miracle Miles Group Closes $100M Series Funding
Miracle Miles Group, Inc., which owns the Dream Pairs, Bruno Marc and Nortiv8 footwear brands, announced that it has closed a $100 million Series A funding.
Mondelēz To Acquire Clif Bar
Mondelēz International Inc. has agreed to acquire Clif Bar & Company for $2.9 billion with additional contingent earnout consideration.
Simon Property Group Brings Digital Search To The Mall
Simon Property Group announced the launch of Simon Search, a search platform allowing shoppers to research in-stock products available at participating retailers located within a Simon property.
Macron Forms New Partnership With Oxford United
Oxford United Football Club announced a new partnership with the Italian brand Macron to become its technical kit partner from the start of the 2022/23 season. Macron replaces Puma.
Target Brings Back Deal Days
Target announced that its annual Deal Days event is back for the fourth year in a row running from July 11-13. The three-day event begins the day before Amazon’s Prime Day deals kick-off, and both events end simultaneously.
Garmin Partners With Sea Tow
Garmin International, Inc., a unit of Garmin, Ltd., said it is working with Sea Tow Services, International, Inc. to provide members and franchise operators exclusive offers and product training to improve boater safety.
Athleta Expands In Canada, Adding Five New Stores In 2022
Athleta, part of San Francisco-based Gap, Inc., announced it would add five new Canadian stores in 2022 with the June 21 opening of Mapleview Centre in Burlington, Ontario.
FitFighter Secures Funding
FitFighter Inc., the maker of the FitFighter Steelhose free weights range, announced it raised $2.5 million in seed round investments to build its salesforce, expand its gym programs and military training, advance product design, and accelerate production.
Study Suggests Team Sports Benefits A Child’s Mental Health
A national study of 11,235 kids ages 9-to-13, conducted by the Public Library of Science (PLOS) journal, found that a kid’s mental health is positively impacted when participating in team sports.
Liberated Brands Acquires Captain Fin
Liberated Brands, the master licensee for Volcom and Spyder, announced it officially closed on acquiring Captain Fin Co., the surf brand.
Project Bike Tech Names Director Of Operations
Project Bike Tech, the high school bike education program, named Mike Lowe as director of operations. Lowe has worked been working as a contractor for the company.
Mystery Ranch Opens Supply Chain Office In Vietnam
Mystery Ranch announced it opened a reps office in Ho Chi Minh City, Vietnam, to support the company’s growth. HW Hwang is the office director.
Thor Industries’ Debt Ratings Upgraded
S&P Global Ratings today raised the issue-level rating on Thor Industries Inc.’s senior secured term loan to ‘BBB-‘ from ‘BB+’ and revised the recovery rating on this debt to ‘1’ from ‘2’. The upgrade follows Thor’s term loan debt repayments totaling about $265 million.
Life Time’s Debt Outlook Revised To Positive
S&P Global Ratings revised its outlook on Minnesota-based athletic center operator Life Time, Inc. to positive from stable because of more certainty around the recovery of the company’s center memberships, as well as increased prices, revenue, and EBITDA.
U.S. Health Club Membership Reaches Over 66 Million Americans
More than one out of five Americans belonged to a health club or studio in 2021, totaling 66.5 million consumers ages six years and older, according to the IHRSA. The latest data shows a 3.8 percent growth over the past two years, with growth surpassing pre-pandemic levels. Visits were down sharply.
