JF Fitness of North America Secures Capital Investment, Acquires Crunch Franchisee
Trive Capital and 808 Capital Partners have announced an investment in JF Fitness of North America, a Crunch Fitness franchisee operating 24 gyms across the Mid-Atlantic and Southeast regions. JF Fitness has acquired Team Roldan with eight gyms across the South.
The Picklr Closes Series B Financing with $59 Million Valuation
The round wqs led by Pickleball, Inc., the parent company to some of the largest pickleball brands in the world, including the Carvana Professional Pickleball Association (PPA Tour), Pickleball Central, Pickleball Brackets/Pickleball Tournaments, PickleballTV, Pickleball.com and TopCourt.
Peak Performance to Open its First London Store
The Scandinavian outdoor brand, owned by Amer Sports, will open a store in Covent Garden, its first in the UK.
Terracea Shifts to Online Only Business Model
Brand shifts focus from niche ski and snow to everyday outdoor apparel using online-only sales model.
Target Corporation Shifts Senior Merchant and Marketing Roles
Christina Hennington, currently chief growth officer, has been named chief strategy and growth officer, Rick Gomez has been appointed chief commercial officer, and Lisa Roath, current CMO, will take on the role of chief merchandising officer of food, essentials and beauty,
Fleet Feet Opens in North Augusta, SC
The store is the second for owners and operators Michael and Jenafer McCauley, who opened their first store in Augusta, GA, 15 years ago.
Fanatics Becomes Master Licensee of Juventus Under New Partnership
The new partnership runs through the end of the 2024/25 season. Fanatics becomes the master licensee for the Juventus merchandise portfolio and will operate the business from its Fanatics headquarters in Italy.
Rumpl Doubles-Down on Great Lakes Wholesale Territory
Parallel 45 Sales represents Rumpl in Michigan, Indiana, Kentucky, and Ohio.
Sports Direct Owner Acquires Luxury Website
Frasers, the U.K.-based parent of Sports Direct, has acquired Coggles, an online seller of designer fashion, from THG as part of a multi-year partnership that also includes Frasers using THG’s technology in some parts of its business.
Stan’s NoTubes Hires Product Manager and Engineer
Brendon Brogan was hired by Stan’s NoTubes as a product manager and Kai Gabriel as an engineer, who interned for the company while attending Penn State University for mechanical engineering with a minor in engineering design.
Pickleball Kingdom Partners with The Kitchen
Pickleball Kingdom, the indoor pickleball entity, announced an exclusive partnership with The Kitchen, the media website, podcast, and YouTube channel dedicated to pickleball.
Garmin Appoints Co-COOs
Patrick Desbois and Brad Trenkle were promoted to the newly created role as co-chief operating officers (Co-COO), effective July 1, 2024. Desbois had been Garmin’s EVP of operations, while Trenkle led the company’s outdoor segment.
Skeeter Boats Appoints New General Manager
John Clark was the assistant GM, and his responsibilities included managing daily operations, staff, facilities, and Skeeter’s long-term vision. He joined the company in 2006.
Sierra Bullets and Barnes Bullets Appoints New CEO
Most recently, Jim Bruno, the new CEO, was president at Vista Outdoors’ Bushnell unit, which holds many brands in its portfolio, including Bushnell, Simmons, Primos, Hoppes, Champion, Gold Tip, BeeStinger.
Nike Faces Shareholder Lawsuit Over DTC Strategy
A Nike, Inc. shareholder has filed a securities class action in the District of Oregon’s Portland division, claiming the company misled investors about the financial effects of prioritizing direct-to-consumer sales. Plaintiffs are seeking class-action status, an unspecified amount in damages and a jury trial.
