SGB Update Sports & Fitness
Edel Golf Under New Ownership
Edel Golf, the golf equipment manufacturer based in Denver, CO, was acquired by Doug Coors, a former executive at CoorsTek, a technical ceramics maker.
Life Time Group Closes On Second Sale-Leaseback Deal
Life Time Group Holdings, Inc. reported it closed on a sale-leaseback transaction for approximately $45 million in gross proceeds on April 20.
Li Ning Sees Franchise Stores And E-Commerce Drag On Q1 Retail Business Growth
Li Ning Company Limited reported retail sell-through at Li-Ning stores for the first quarter that ended March 31, excluding Li-Ning Young, increased in the mid-single-digits on a year-over-year basis.
JCPenney Appoints Chief Customer Officer
JCPenney hired Katie Mullen as chief customer officer. Mullen previously was JCPenney’s chief digital officer and will continue overseeing e-commerce strategy and omnichannel development driving digital, data and analytics.
Club Champion Adds Three Locations
Club Champion opened two new locations in Kingwood and Midland, Texas, respectively, and one in Farragut, TN. Club Champion reported it is “primed to open over 125 domestic and international locations by the end of the year.”
Norrøna Acquires Canvas Hotel Telemark
Norrøna reported it acquired the Canvas Hotel Telemark, a wilderness lodge, including luxury yurts, for mountain bikers, with over 100 kilometers of slick rock trails connected by singletrack.
Solidcore Founder Sells Company To Kohlberg & Co.
Solidcore, the fitness boutique, announced that Anne Mahlum, who founded the fitness boutique in 2013, is selling all of her shares to Kohlberg & Company for an undisclosed amount. As part of this transaction, the proceeds will support an incentive pool for employees created in 2018. All full-time employees with the company for at least a year prior to the transaction will receive a portion of the proceeds.
Topgolf To Become Global Medaled Event In Special Olympics
In 2024, Topgolf will be sanctioned with the Special Olympics, the first time a brand has become a medaled event. That means Special Olympic athletes can compete in Topgolf as an individual or with a team through Special Olympics Unified Sports.
Real Hot Yoga Expands West
Real Hot Yoga, a franchise concept, reportedly entered the Rocky Mountains, signing its latest location in South Jordan, UT.
JD Sports Names Global Managing Director
JD Sports promoted Michael Armstrong, formerly group buying director, to the newly created role of global managing director. Armstrong is expected to “further drive the group’s growth” and “meet its ambition to become the leading global sports-fashion powerhouse.”
Amer Sports Hires Foot Locker Veteran As CFO
Amer Sports hired Andrew Page, former CFO for Foot Locker, as Group CFO of Amer Sports and a member to its executive committee. Page reports to Board Executive Director and CEO James Zheng.
President Biden Announces Appointments To President’s Council On Sports, Fitness & Nutrition
President Biden announced plans to appoint 27 members, including current and retired Olympians, to the President’s Council on Sports, Fitness, & Nutrition.
Movement Climbing, Yoga and Fitness Acquires Four Summit Climbing Gyms in DFW Area
Movement Climbing, Yoga and Fitness, the largest nationwide community of indoor climbing gyms, acquired four of Summit Climbing, Yoga and Fitness Gyms’ in the Dallas-Fort Worth metro area.
LSKD Opens First U.S. Store In San Diego, Partners With Life Time Fitness
LSKD, the Australian activewear company, opened a store in San Diego, CA, and partnered with Life Time Fitness to supply over 4,500 female employees at Life Time Fitness with co-branded activewear apparel.
Golftec To Relocate Minnesota Club-Fitting Location
Golftec reported it is relocating its club-fitting location in Eagan, MN to a new 2,550-square-foot space at 845 Vikings Pkwy.
