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.”
Dickies Hires Director Of Global PR And Corporate Communications
Dickies announced it hired Marianna Friedman as director of global public relations and corporate communications.
Hydrow Announces Settlement Of Infringement Lawsuit Against iFIT
Hydrow announced it had reached a settlement agreement with iFIT, resolving the ongoing lawsuit filed by Hydrow earlier this year.
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.
Helinox Hires Senior Art Director And Senior Director of E-Commerce
Helinox has hired Nelson Garcia as senior art director and Ezra Shaffer as senior director of e-commerce.
Emerald Receives Final Proceeds From Insurance Litigation Settlement
Emerald Holding, Inc. announced that it had received $149.25 million from its insurance litigation settlement for canceled events under its 2020 and 2021 event cancellation insurance policies.
Deloitte: Holiday Retail Sales Expected To Increase 4 Percent To 6 Percent
Holiday retail sales are likely to increase between 4 percent and 6 percent in 2022, according to Deloitte’s annual holiday retail forecast. In 2021, holiday sales grew by 15.1 percent in the same period.
Amynta Group Acquires iFIT Health & Fitness Extended Warranty Operations
AmyntaGroup, an insurance services provider, has acquired the extended warranty operations of iFIT Health & Fitness, Inc., operated through its wholly-owned subsidiary, Universal Technical Services.
PeopleForBikes Hires General Counsel
PeopleForBikes announced that it hired Matt Moore as general counsel. He begins his role in early October.
Got Bag Appoints Head Of Sales & Growth For North America
Got Bag, known for its backpacks made of ocean plastic, appointed Jay Sheldon as head of sales & growth for its North America business.
Orangetheory Appoints Chief Marketing Officer
Orangetheory Fitness hired Kelly Lohr as chief marketing officer, reporting to co-founder and chief executive officer, Dave Long.
Peloton Expands Rental Program Across the U.S.
Peloton announced the national expansion of its rental program, which kicked off in select test markets earlier this year.
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.
Yue Yuen’s Sales Surge 61 Percent In August
Yue Yuen Industrial (Holdings) Limited reported sales in the month of August rose 61.0 percent to $774.7 million from $481.2 million a year ago.
