SGB Update

Golden Goose’s Debt Ratings Upgraded

S&P Global Ratings upgraded the debt ratings of Golden Goose as the Italian luxury footwear maker’s revenue and EBITDA increased materially in 2021, thanks to normalizing retail traffic and the company’s continued expansion in the profitable direct-to-customer channel.

YogaSix Opens 150th Studio

YogaSix, which is part of Xponential Fitness, opened its 150th studio in Dana Point, CA, in less than five years of franchising.

TravisMathew Renovates Newport Beach Flagship

TravisMathew, the golf apparel brand owned by Callaway Golf, announced the redesign and renovation of its flagship storefront at Fashion Island in Newport Beach, CA, is complete.

Mondelēz To Acquire Clif Bar

Mondelēz International Inc. has agreed to acquire Clif Bar & Company for $2.9 billion with additional contingent earnout consideration.

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.

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.

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.