The Beachbody Company Amends Term Loan
As part of the amendment, BODi is paying down $4 million in debt and reducing its outstanding balance to $25.5 million. The minimum liquidity covenant will be reduced by the same amount, from $22 million to $18 million.
Life Time Opens First Ground-Up Pickleball Facility in Minnesota
Life Time Chanhassen Pickleball opened on April 8 adjacent to the Life Time Chanhassen, MN, athletic country club and the company’s headquarters.
Crunch Franchise Set to Open in Hagerstown, MD
Crunch Hagerstown, will occupy 32,000-square-feet in Hagerstown, MD, in a former Bed Bath and Beyond at 17716 Garland Groh Boulevard.
KPS Capital Partners to Acquire Sport Group
Sport Group designs, manufactures and installes artificial surfaces serving the global sports flooring, leisure, landscaping, and industrial markets in over 70 countries. Its brand portfolio includes AstroTurf, Polytan, SYNLawn, LigaTurf, Poligras, Rekortan, and Laykold.
Stromer Launches Online Shop in the Netherlands
Stromer set itself the goal of offering customers a mobile solution with its Speed Pedelecs. With an online shop, the brand is working with its dealer network to offer customers the added option of an uncomplicated consumer experience.
Thule Group Recalls Certain RideAlong Child Bike Seats
The harness padding of the bike seats can contain flame-retardant DecaBDE in excess of regulatory limits, posing a chemical hazard. Only model number 100107 and date codes 21/3-23/10 are included in this recall.
NBDA Expands E-bike Database Initiative
The National Bicycle Dealers Association database is meant to be a vital tool for retailers, consumers, e-bike incentive programs, and municipalities seeking to ensure the highest standards of safety and quality in the e-bike market.
Pickleball Kingdom to Open in Hendersonville, TN
Pickleball Kingdom plans to open a second Tennessee location in Hendersonville, run by local franchisees Steven and Jaclyn Kilbas.
Dynamic Brands Hires Sales Director of Green Grass Accounts
Jason Bonenberger rejoined the company as sales director of green grass accounts. He rounds out the sales leadership team, joining Perry Hilbert, sales director of strategic accounts.
CPSC Issues Recall Warning on Certain Refillable Fuel Bottles
CPSC issued a Notice of Violation to the seller Shenzhen Pink Vine Technology Co. Ltd., of China, but the firm has not agreed to recall these fuel bottles or offer a remedy to consumers.
Golfzon Range by Leadbetter Opens in Westbury, NY
The facility will host a grand opening on April 17. Westbury joins the first Golfzon Range, operating in Little Ferry, NJ, since 2022.
Massimo Group Closes IPO; Commences Nasdaq Listing
The manufacturer and distributor of powersports vehicles and pontoon boats, closed on the initial public offering of 1,300,000 shares of its common stock at an IPO price of $4.50 per share.
Christy Sports Shuttering All New Mexico Stores
Christy Sports operates six stores in New Mexico, including four in Taos Ski Valley under the banners Cottam’s, Alpine Xtreme and Bootdoctor’s. One location in downtown Taos is under Cottam’s, and there is one seasonal Cottam’s in Santa Fe.
Tommie Copper Acquires Profoot Footcare Device Division
This strategic carve-out acquisition is expected to integrate Profoot’s innovative device portfolio and technology into Tommie Copper’s pain management offerings, continuing its focus on pain relief solutions for foot pain.
Celsius Holdings Adds Sales and Distribution Partner for France
The maker of energy drink brand Celsius, plans to expand its sales and distribution to France beginning in the fourth quarter of 2024.
