SGB Update Sports & Fitness
Liz Claiborne Looking to Divest Brands
According to a report published in the Wall Street Journal, Liz Claiborne is seeking to divest 16 of its 36 brands in an effort to simplify corporate structure and reduce expenses. The company has been suffering from a down-turn in department store sales.
Wolverine Increases Guidance on Strong Q2 Results
Wolverine World Wide, Inc. second quarter 2007 revenue totaled $250.3 million, a 5.0% increase over second quarter 2006 revenue of $238.5 million. Earnings per share for the second quarter of 2007 were 28 cents compared to the 25 cents reported for the se
Kelty Inks Partnership with SylvanSport
Kelty inked a partnership deal with mobile adventure gear manufacturer SylvanSport to head up the tent segment design and construction efforts for SylvanSport’s ultra-light camping trailer and gear hauler. According to Kelty, This partnership was a natura
Women’s Action Sports Website Launched
Core Action Sports, based in Denver, has launched a action sports website for women. Co-founders and sisters Courtney and Lisa Pugh are former competitive freestyle skiers, and life-long action sports’ enthusiasts…
Performance Bicycle Sold to North Castle Partners
Performance, Inc., the largest independent bicycle
dealer and direct marketer of bicycles and cycling accessories in the U.S., has been sold to North Castle Partners. North Castle is a leading private equity firm focused exclusively on investments in cons
Performance Bicycle Sold to North Castle Partners
North Castle Partners has acquired controlling interest in Performance, Inc. Garry Snook, CEO and co-founder of Performance Bicycle, has maintained a significant portion of his investment in the company, and he and other members of senior management will
Confluence to Boost Personnel, Service and Quality…
For the past three years Confluence has been showing up in Salt Lake City with a story that vendors usually try to avoid. While the company has innovative new products, and creative marketing plans, it is usually apologizing for late deliveries, incomplet
Body Glove Expands Sales to Gulf Countries
Body Glove International LLC and its licensee Tiki Shark Hawaii Inc. have inked an exclusive deal to expand sales of an extensive line of Body Glove products into the Gulf Council Countries. Body Glove will team up with Omani based Al Barij International
Amer Sports Forms Winter and Outdoor Unit
Amer Sports said it is forming a Winter & Outdoor unit by combining it Salomon and Atomic divisions to better target the winter/outdoor market. The move is part of an overall reorganizing its executive structure as of September 1 to improve its operations
Dick’s Sporting Goods to Carry Enlyten SportStrips
HealthSport, Inc. has reached an agreement with Dick's Sporting Goods to become an authorized distributor of Enlyten SportStrips. Buffalo Bills starting quarterback, JP Losman, will be featured in Enlyten's marketing campaigns for Dick's..
Lone Pine Capital Accumulates 7.8% Stake in Under Armour
Lone Pine Capital and related funds has acquired a 7.8% stake (2,728,463 shares) in Under Armour Co., according to a 13G filing. Under Armour did not show a stake in UA for the quarter ended March 31, 2007…
Everlast to Be Acquired by Sports Direct Subsidiary
Everlast Worldwide Inc. has signed a definitive agreement to be acquired by Brands Holdings Limited, for $30.00 per share in cash, a 29.6% premium to its closing price on May 31, 2007, and a 47.2% premium to the average closing price over the last month.
Injinji Names VP of Sales and General Manager
Injinji Footwear, Inc. promoted Jan Kimbrell to VP of sales and general manager. Responsible for supervising all aspects of Injinji’s business development and key accounts, Kimbrell will work directly with the internal and outside sales force team to str
SIA Highlights Top Snow Sports States
According to SIA, more snow sports equipment sold in Texas than in 46 other states with $106 million in retail sales for the 2006/2007 season. California, Colorado, New York and New Jersey rounded out the top five states in total snow sports retail receip
World Kayak Looks to Double Whitewater Participation
Participation in whitewater kayaking will double in the next
five years if the newly established World Kayak organization is successful in meeting its ambitious goals. Officially launched June 15, World Kayak's initiative to grow the sport is based p
