SGB Update

VanMoof Appoints President

VanMoof has hired Gillian Tans as president. She accepted the position effective immediately.

Iconix Consolidates Control Of Pony

Iconix International Inc., which secured the North American rights to the Pony in 2015 for $37 million, has acquired the rights to the sneaker brand in the rest of the world, except in China and Taiwan.

Emerald’s Sales Bounce Back In First Quarter

Emerald Holding, Inc. reported revenues of $98.5 million for the first quarter of 2022, an increase of $85.6 million, or 663.6 percent, from $12.9 million in revenue for the first quarter of 2021.

Johnson Outdoors Profits Slump In Q2

Johnson Outdoors profits fell in the second fiscal quarter ending April 1, 2022 as sales declined 8 percent against tough comparisons in the year-ago period.

Vice Golf Secures Investor

The pan-European private equity firm Oakley Capital announced it is investing in Vice Sporting Goods GmbH, the digitally native golf brand doing business as Vice Golf.

Report: Peloton Looking To Sell Up To 20 Percent Stake

According to a Wall Street Journal report, Peloton is targeting “industry players and private-equity firms” to sell a stake in its business of around 15 percent to 20 percent to support its turnaround efforts.

Icebreaker Names General Manager EMEA

Icebreaker, the performance apparel brand owned by VF Corp., has promoted Josh Vaughan, its current sales director for Europe, the Middle East and Africa, to EMEA general manager.

Adidas’ Q1 Sales Dip On Supply Chain Constraints And China Weakness

Adidas reported continued double-digit growth in Western markets in the first quarter, but overall sales were down 3 percent on a currency-neutral basis due to supply chain disruptions and a 35 percent tumble in Greater China. FY22 earnings and sales are now expected to reach the lower end of guidance due to the impact of COVID-19-related lockdowns in Greater China.

Under Armour Sees 3 Percent Growth In March Quarter

Under Armour reported sales grew 3 percent in its transition quarter ended March 31 and forecasted sales for the current fiscal year would expand in the range of 5 percent to 7 percent. Sales and the adjusted loss in the period were slightly below Wall Street’s expectations.

United Sports Brands Acquires Pearl Izumi

United Sports Brands announced that it has acquired Pearl Izumi USA, the manufacturer of cycling apparel and accessories. Pearl Izumi will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands.