SGB Update

Acon Investments Increases Stake In New Era Cap

Acon Investments has announced closing a single-asset continuation round worth around $700 million to increase its stake in the New Era headwear brand while bringing in new backers. As part of the transaction, Major League Baseball, the National Football League and the National Basketball Association will become minority owners in New Era Cap.

Nautilus’ Q1 Revenues Tumble 70 Percent

Nautilus Inc. reported a steep loss in the fiscal first quarter as sales plunged 70.3 percent year over year. The fitness company said it achieved the upper end of its revenue guidance and beat its adjusted EBITDA guidance while. Direct net sales are up 27 percent vs pre-pandemic Q120 quarter.

Imports Slowing In Second Half, But 2022 Should See Gain Over 2021

After a record-setting spring, imports are expected to slow down at major U.S. container ports for the remainder of the year, but there will be a net gain over 2021, according to the Monthly Global Port Tracker Report* released by the National Retail Federation and Hackett Associates.

Nautilus Elects Board Chair

Nautilus Inc. announced that current board member Anne Saunders was elected as board chair, effective August 2. The board confirmed the Saunders appointment after its Annual Shareholders meeting last Tuesday. 

Emerald Holding’s Q2 Sales Recover

Emerald Holding, Inc., the operator of trade show, reported a loss in the second quarter ended June 30 but sales bounced back as the company was able to hold 29 in-person trade shows, conferences and other events during the quarter.

Beachbody’s Q2 Sales Drop 20 Percent

The Beachbody Company, Inc. reported a net loss in the second quarter as sales declined 20 percent year-over-year. Total subscriptions were down 18 percent year-over-year but ahead 26 percent against the pre-COVID 2019 quarter.

American Outdoor Brands Appoints Independent Director

Bradley T. Favreau was appointed an independent director to American Outdoor Brand, Inc.’s Board of Directors immediately, with his term expiring at the Company’s 2023 Annual Meeting of Stockholders.