SGB Update Sports & Fitness
Cannondale Recalls Tesoro Neo X Speed E-Bikes
Cycling Sports Group recalled certain Cannondale Tesoro Neo X Speed e-bikes in cooperation with the U.S. Consumer Product Safety Commission. The hand brakes do not meet U.S. safety standards—they do meet European safety standards, but those are reversed from the U.S. safety standards, posing fall and injury hazards to the riders.
PXG Opens Location In Kansas City
PXG opened its first Kansas City-based retail and fitting studio in Overland Park.
Stretch Zone Secures Equity Partner
Stretch Zone, recently surpassing 250 locations, received an investment from Princeton Equity Group to support the expansion of its national footprint and client growth.
Gared Holdings Announces New CEO And Promotion
Gared Holdings, LLC hired Marcus Johnson as chief executive officer succeeding Kevin Hinkamper, effective immediately. Don Carle was promoted to chief revenue officer of Gared Holdings and president of Gared, Gared International and PSS divisions of Gared Holdings.
Blizzard-Tecnica Hires Business Unit Director For North America
Blizzard-Tecnica hired ski industry veteran Topher Plimpton as the business unit director for North America for the U.S. and Canadian markets.
Sportstats World Acquired By Investment Group Led By Employee
Sportstats World completed its internal sale to an investment group led by the Director of Operations and lead timer A.J. Mousseau and Grand Rapids, MI, based Carbon River Capital.
Nutritional Products International Names President
Nutritional Products International hired Joseph Mies, the founder of Muscle Foods USA, as president.
IHRSA Responds To FTC Membership Rule Proposal
In a statement, Liz Clark, IHRSA president and CEO, criticized the Federal Trade Commission’s (FTC) proposal dealing with cancellation methods for specific services and memberships.
USTA Launches USTA Connect
The U.S. Tennis Association (USTA) launched USTA Connect, an initiative to connect key members of the U.S. tennis industry to increase industry collaboration and provide insights and services.
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.
