SGB Update Sports & Fitness
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.”
F45 Training Names CEO; Wahlberg Takes Chief Brand Officer Role
Tom Dowd has been appointed F45’s new CEO, effective immediately. He succeeds outgoing interim CEO Ben Coates, who remains on the company’s board of directors. Mark Wahlberg, who has been a member of the company’s board since March 2019, has been named F45’s chief brand officer,
Gildan Activewear Disposes Of SC Warehouse In Sale-Leaseback Deal
Gildan Activewear sold its Charleston, SC distribution center for $51 million but will remain in the property through a sale-leaseback arrangement.
Fanatics Betting And Gaming Names COO
Fanatics Betting and Gaming announced the appointment of Hank Couture to the new position of chief operating officer. He was at DoorDash.
Gabriel Brothers Opens Largest Company DC In Ohio
Gabriel Brothers, Inc. announced the grand opening of its largest distribution center in Springfield, OH, with over 870,000 square feet.
Wolverine Rolling Sweaty Betty Into International Group; CEO to Depart
Wolverine World Wide, Inc. reported it intends to improve operating performance, fuel global growth and enable future investments into Sweaty Betty, the women’s activewear brand it acquired in August 2021.
USA Cycling Names New National Team Coaches and Directors
USA Cycling added three members to the Sports Performance staff. Craig Griffin is the new senior director of Track, Tanner Putt is the director of Road and German Medina is the BMX Racing National Team coach.
NRF Forecasts Mid-Single-Digit Retail Sales Growth In 2023
The National Retail Federation issued its annual forecast today, anticipating that retail sales will grow between 4 percent and 6 percent in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion in 2023.
