SGB Update Sports & Fitness
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.
Play It Again Sports Parent Sees Q1 Revenues Up Slightly Despite Sharp Leasing Decline
Winmark Corporation, the parent of Play It Again Sports, reported net income for the first quarter ended April 1, 2023, of $8.94 million, $2.49 per share, down 9.2 percent from $9.85 million, or $2.65, a year ago.
Fanatics Signs Retail Partnership Deal With England’s Millwall F.C.
Fanatics reported signing a long-term multichannel retail partnership with Millwall F.C. to enhance its worldwide shopping experience.
Dick’s SG Hires New Chief Marketing Officer
Dick’s Sporting Goods’ Chief Marketing Officer Ed Plummer is retiring and will be replaced by PepsiCo’s Emily Silver.
Reima Appoints New Head Of Cluster For North America
Finnish kids’ activewear brand Reima, founded in 1944, hired Marc Cutilletta as head of North America, responsible for business and operations in the U.S. and Canada.
Anta Sports To Raise $1.5 Billion From Stock Placement
Anta Sports Products is seeking to raise HK$11.8 billion (U.S.$1.5 billion) from a stock placement to reduce debt.
China’s Economic Growth Accelerates With Consumption Boost
According to China’s National Bureau of Statistics, China’s economy grew 4.5 percent in the first quarter. The accelerated growth marked the fastest pace in a year and relieved Nike, Adidas, VF Corp., and several industry-leading vendors with heavy exposure in the world’s second-largest economy.
