SGB Update

Whatnot Raises $260M In Funding Round

Whatnot, the live shopping platform in the U.S., has raised $260 million in a Series D funding round co-led by DST Global and returning investor CapitalG, Alphabet’s independent growth fund.

Academy Sports Appoints Board Member

Academy Sports and Outdoors, Inc. appointed Theresa E. Palermo to its Board of Directors and Nominating and Governance Committee. With this change, Academy’s Board now numbers nine directors.

Rawlings Acquires Jack Corbett Hollywood Bases

Rawlings Sporting Goods Company, Inc. has acquired the Jack Corbett Hollywood Bases brand from Schutt Sports, Inc., adding field bases and accessories to its list of officially licensed MLB categories.

Lazydays Reports Q2 Revenue Up 16 Percent

Lazydays Holdings, the operator of RV dealerships, released its preliminary results for the second quarter of the year and said it had revenue of $374 million, up 15.7 percent from the same quarter a year ago.

Rebag Adds Apparel And Footwear

Rebag, the luxury resale marketplace founded in 2014 with a focus on handbags, accessories, fine jewelry and watches, is expanding its offerings, beginning to include select apparel and footwear.

Nike Invests $3M In Michigan HBCU

Pensole Lewis College of Business & Design, an HBCU in Michigan owned by footwear designer D’Wayne Edwards, announced that Nike is investing $3 million over three years in the college.

Survey Finds Runners Value Sports Sponsors

A survey conducted by Elevent found that runners are more sponsorship savvy than the general public, including having a more positive perception of sponsors and a willingness to work with them.