SGB Update

Thread Forms Advisory Board

Thread, the manufacturer of wallets, bags, lanyards, snowboard, skate and surf accessories, announced it formed an advisory board.

Patagonia’s Next Chapter

Patagonia announced new ownership today, nearly 50 years since Yvon Chouinard founded the business. Effective immediately, the Chouinard family has transferred ownership to two new entities—Patagonia Purpose Trust and the Holdfast Collective, with every dollar that is “not reinvested back into Patagonia be distributed as dividends to protect the planet.”

Wahoo Fitness Debt Ratings Downgraded

S&P Global Ratings downgraded Wahoo Fitness Acquisition, LLC’s debt ratings after the U.S.-based fitness technology company’s revenue and earnings for the second quarter of 2022 came in sharply below S&P’s expectations because of weaker-than-expected demand and higher costs.

Phoenix Footwear Group Delivers 3 Percent Revenue Gain In Q2

Phoenix Footwear Group Inc., the parent of the Trotters, SoftWalk and Bueno footwear brands, reported sales of $4.4 million in the second quarter ended July 2, up 3 percent from $4.3 million in the second quarter of 2021.