SGB Update Sports & Fitness
Amer Sports’ Debt Ratings Upgraded By S&P
S&P Global Ratings upgraded the debt ratings of Amer Sports Holding Oy due to the company’s robust operating performance, thanks to a strong performance in China, the continuous acceleration of the Arc’teryx brand, and positive momentum in its footwear division driven by the Salomon brand. Amer’s sales grew 30.3 percent in 2022.
Fanatics Partners With LaLiga On Omnichannel Retail And Manufacturing Partnership
European football league LaLiga launched its first online retail shop with Fanatics as part of a wide-ranging omnichannel retail and manufacturing partnership.
Reebok Enters Into Smart Eyewear Licencing Agreement
Innovative Eyewear, Inc. announced that through an agreement with Authentic Brands Group, it had licensed the Reebok brand for smart eyewear.
Life Time’s New York City Expansion Continues With Indoor Pickleball And Athletic Club
Life Time reported it entered into a lease agreement with Vornado Realty Trust to occupy more than 53,000 square feet on the first three floors of the Penn 1 building adjacent to Madison Square Garden in New York City, featuring indoor pickleball and an athletic club.
VF Corp. Appoints New CEO to Lead Parent of The North Face, Vans And Timberland
VF Corporation’s Board of Directors appointed Bracken Darrell as president and CEO, effective July 17. Darrell joins VF Corp. from Logitech International SA, where he has been president and CEO since 2013.
Norwegian Sports Retailer Issues Warning On Q2 Profits
Norwegian sports retailer XXL warned it expects to report a loss in the second quarter due to “weak consumer sentiment and reduced demand for sporting goods in general.”
Signa Sports United NA Bike Division Makes Two Key Hires
The North American division of Signa Sports United (SSU) hired Lacy Kemp as Nukeproof brand manager and Pace Roghaar as graphic designer for the SSU portfolio of brands.
Deep Tech Insoles Maker Closes Investment Round
Arion reportedly closed on a multi–million dollar investment round for parent company Atogear to be used to develop further its proprietary technology platform decoding human movement worldwide.
Smith Optics Parent Reorganizes North America, Global Sport Leadership
Safilo Group, parent company of the Smith Optics brands and licensee for a range of lifestyle and sport brands such as Under Armour, is making a range of organizational changes in its North American market and global Sport Channel.
Game Time Productions Acquires Subsidiaries Of Altitude International Holdings
Greenlite Ventures, Inc. dba Game Time Productions (GRNL) acquired Altitude Wellness, Inc., Trident Water LLC. and Altitude International, Inc, operating as wholly-owned subsidiaries of Altitude International Holdings, Inc.
Puma Sets Up Leadership Changes In Greater China Region
Puma appointed Shirley Li as its new GM in China. Philippe Bocquillon will move into the role of Puma’s area manager for Greater China. Paul Yu will remain GM of Taiwan, and David Lu is replacing Li as commercial director in China.
Report: Fanatics Holds Investor Day Ahead Of Potential IPO
Fanatics, which had reported exploring an initial public offering (IPO), held its second investor meeting in nearly a year at the NBA Players Association headquarters in New York, according to a report from CNBC.
Men’s Activewear Brand Ten Thousand Raises $21.5M
Ten Thousand, the men’s activewear brand based in Manhattan, reported it secured $21.5 million in a funding round led by Provenance, a Beverly Hills-based firm that invests in direct-to-consumer companies.
U.S. Consumer Sentiment Rises To Four-Month High
Consumer sentiment jumped 7.9 percent month-to-month to 63.9, in the first two weeks of June, reaching its highest level in four months, according to preliminary data from the University of Michigan survey of consumers.
DraftKings Outbids Fanatics For PointsBet
DraftKings made a last-minute $195 million offer to acquire the U.S. operations of Australia-based PointsBet, topping a bid from Fanatics last month valued at $195 million.
