SGB Update Sports & Fitness
The Headrest Safe Company Taps Sales Group For TALO States
The Headrest Safe Company, LLC partnered with Frontier Sales & Marketing Group to oversee the growth and expansion of the company’s accounts in Texas, Arkansas, Louisiana, Oklahoma, and Mississippi.
World Health Organization Partners With WFSGI To Increase Physical Activity
The World Health Organization and the World Federation of the Sporting Goods Industry formed a Memorandum of Understanding agreement to “align and reinforce private sector support to increase physical activity and community sport participation to improve global health.”
Golftec Relocates Northern New Jersey Location
Golftec announced it relocated its instruction and club fitting center in Woodbridge Township, NJ, to 465 Green Street in Woodbridge Township.
Puttshack Continues Expansion In Midwest
Puttshack reported its continued expansion in Minnesota by signing a new lease at the Southdale Center in Edina, MN, scheduled to open in the spring of 2024.
Wahoo Fitness’ Debt Ratings Lowered
S&P Global Ratings downgraded the debt ratings of Wahoo Fitness after the U.S.-based fitness technology company entered into a forbearance agreement with a term loan and revolving credit facility lenders in anticipation of missing principal and interest payments due March 31, 2023.
Jetson Electric Bikes Recalled
About 53,000 electric bikes manufactured by Jetson Electric Bikes are under recall as the batteries can overheat, posing a fire hazard. The U.S. Consumer Product Safety Commission reported that two sisters, ages 10 and 15, were killed in a fire, and the company’s 42-volt Jetson Rogue started the blaze.
Topgolf Callaway Brands Reports New Hires And Promotions
Topgolf Callaway Brands Corp., following its recent Q4 and FY 2022 earnings report, announced several executive promotions and new hires, reflecting “the increased scope and scale of responsibilities for these leaders to support the company’s long-term growth.”
Authentic Brands Group Makes Binding Offer To Acquire Boardriders
Authentic Brands Group reported it entered a period of exclusivity and made a binding offer to purchase Boardriders, the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper, and Honolua. Boardrider is owned and managed by Oaktree Capital Management, L.P. Terms were not disclosed.
Nike Faces Shareholder Proposal On Worker Conditions
In a shareholder proposal released Thursday, activist shareholder platform Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments.
Topgolf Callaway Adds Board Member
Topgolf Callaway Brands Corp. plans to add C. Matthew Turney, chief financial Officer of Dundon Capital Partners, to its Board of Directors.
Super League Triathlon Appoints Chief Commercial And Marketing Officer, Three Others
Super League Triathlon hired Jo Sinclair as chief commercial and marketing officer. Matt Caren was promoted to commercial director, Charlie Cook was named marketing director and Adam Leitch is now communications director.
Swing Racquet + Paddle Partners With Good to Great Tennis Academy
Swing Racquet + Paddle is coming to Raleigh, NC in 2024, and announced a partnership with the Good to Great Tennis Academy. Over the past month, Swing has reported it joined forces with Wilson Sporting Goods and celebrity chef Fabio Viviani.
Curling World Launches Online Store Dedicated To Curling Apparel
Curling World, LLC launched its e-commerce platform dedicated to curling apparel as the sport has seen a surge in popularity in North America and Europe in recent years.
Under Armour Names Steph Curry President of Curry Brand in Extended Partnership
Under Armour Inc. has extended and expanded its partnership with Golden State Warriors point guard and four-time NBA Champion Stephen Curry in a deal that extends beyond his retirement. As part of the new terms, Curry becomes president of the Curry Brand.
Gap’s Debt Ratings Downgraded On Weakening Operating Performance
Moody’s Investors Service downgraded The Gap, Inc.’s debt ratings due to expectations that “topline growth and margin expansion will be limited in the next 12 months due to continuing inflationary and competitive pressures.”
