NBA Approves More Advertising Patches On Apparel
NBA’s board of governors has approved more advertising on team gear, according to a report from ESPN. The updates include allowing a 3 inch-by-3 inch patch on teams’ shooting shirts and warm-up jackets.
Selfridges Sold To Thai-Austrian Alliance
British luxury department store chain Selfridges is being sold to a Thai retailer and an Austrian property firm. The deal for the majority of Selfridges Group is worth around £4bn ($5.4bn).
Meta Director Of Sport Joins Professional Triathletes Organisation’s Board Of Directors
The Professional Triathletes Organisation announced that it has appointed Peter Hutton, director of sports partnerships at Meta, to its Board of Directors.
Mastercard: U.S. Holiday Sales Grew 8.5 percent
According to Mastercard SpendingPulse, holiday retail sales, excluding automotive, increased 8.5 percent year-over-year this holiday season, running from November 1 through December 24. Notably, online sales grew 11.0 percent compared to the same period last year, its preliminary insights show.
PXG Opens Detroit Studio
PXG recently opened its first brick-and-mortar location in Michigan. PXG Detroit, located in Troy, represents the golf club’s 12th U.S. retail and fitting studio.
Escalade Appoints CEO And President
The Board of Directors of Escalade Inc. announced the appointment of Walter P. Glazer, Jr. as CEO and president effective January 1, 2022. Glazer has been serving as interim CEO and president.
Li & Fung Sells Logistics Arm To Maersk For $3.6 Billion
Li & Fung Limited entered into a transaction for shipping giant Maersk to acquire its logistics business, LF Logistics Holdings Limited (LF Logistics) and its various entities, valuing the business at $3.6 billion on an enterprise value basis.
Crocs Faces Potential Debt Downgrade
Moody’s Investors Service and S&P Global Ratings placed Crocs, Inc.’s debt ratings on review for downgrade to reflect the impact of its planned acquisition of Heydude.
Saris Appoints Product Manager
Saris, a maker of bike racks and bike trainers based in Madison, WI, announced the promotion of Kellen Pagel to product manager.
Crocs To Acquire Heydude
Crocs Inc. announced that it has entered into a definitive agreement to acquire Heydude, a privately-owned casual footwear brand, for $2.5 billion.
Salazar’s Lifetime Ban Upheld By Safesport Center
The U.S. Center for SafeSport on Wednesday upheld its permanent ban of former Nike Oregon Project coach Alberto Salazar,
BikeExchange Limited Acquires Kitzuma
BikeExchange, the Australia-based marketplace, has acquired Kitzuma, the Asheville, NC-based bike-shipping service that launched last December.
Gaia Acquires Yoga International
Gaia, Inc., the subscription video-streaming service, has acquired Yoga International, a digital yoga service. The acquisition adds 4,000 hours of yoga content to Gaia’s library.
Recall On GSM Outdoors Captain Hang-on Treestands
About 1,030 Captain Hang-on Treestands from GSM Outdoors are being recalled. According to the CPSC, the crimps of the plastic-coated cables can slip during use causing the standing platform to release, posing fall and injury hazards to users.
Thor Industries Sets $250 Million Share Buyback Plan
Thor Industries, Inc. announced that its Board of Directors has authorized the repurchase of up to $250 million of its common stock.
