SGB Update Sports & Fitness

Stahls Appoints EMEA General Manager

Martin Borley, most recently served as executive managing director for Stahls’ UK and Europe. He was promoted to chief executive officer of Stahls’ EMEA, reporting to Carleen Gray, CEO of GroupeStahl, Inc.

Varsity Brands’ Debt Ratings Upgraded by S&P

S&P Global Ratings stated the debt ratings upgrade for Varsity Brands, the parent of BSN Sports and Varsity Spirit, reflects “solid demand in both segments, management’s effective execution in expanding the businesses, and the wind-down of significant legal and restructuring cash expenses.”

Pure Hockey Opens Third Store in Ohio

The retail store in New Albany, OH, a suburb of Columbus, is the company’s third in the state and 84th overall. A grand opening will be held later this year.

Revelyst Inc. Acquires GolfLogix, Adds App to Golf Tech Portfolio

Revelyst has acquired GolfLogix, a golf course mapping company, with plans to integrate the technology into its golf platform, which includes Foresight Sports, Bushnell Golf and PinSeeker. GolfLogix’s Co-founders, Scott Lambrecht and Pete Charleston, will remain with Revelyst post-acquisition.

ITC Rules Insta360 Infringed on GoPro Patents

GoPro, Inc. said a U.S. judge with the International Trade Commission has ruled that Insta360, a Chinese-based maker of action cameras, broke federal law with products that infringe GoPro’s intellectual property covering GoPro’s iconic Hero camera design.

Adobe: Amazon Prime Day Drives 30.3 percent Rise in U.S. Online Spending

The Prime Day sale that ran for four days from Tuesday, July 8 to Friday, July 11 helped boost online spending sales across all Uretailers in the U.S. by 30.3 percent to $24.1 billion, according to Adobe, Inc., which tracked the activity, topping its estimate for 28.4 percent growth for the period ending July 11.

Padel Haus Raises $7M In Funding Round

The Brooklyn-based padel club operator, has raised $7 million in a Series B funding round to accelerate the company’s expansion. By year’s end, it aims to operate 40 courts and reach 120 courts and more than 20 wholly owned locations by 2027.

Nike, Inc. Appoints New Converse CEO

Aaron Cain, a 21-year company veteran, was named the new CEO of Converse. He replaces Jared Carver, who is stepping down after serving as CEO for two years.