SGB Update Sports & Fitness
Beachbody Expands Board Of Directors
The Beachbody Company, Inc. appointed Ann Lundy, senior vice president corporate finance and internal audit at Activision Blizzard, to its Board of Directors and Chair of its Audit Committee effective January 3, 2023.
Li Ning Company Adds Independent Non-Executive Director To Board
The board of directors of Li Ning Company, Ltd. appointed Wang Yajuan as an independent non-executive director, effective December 21.
Connexa Sports Technologies Receives Delisting Warning
Connexa Sports Technologies, the parent of Slinger Bag, has received a non-compliance letter from the Nasdaq exchange after failing to file its form 10-Q for the fiscal second quarter ended October 31.
Report: U.S. Holiday Season Retail Sales See Strong Results Aided By Inflation
U.S. retail sales, excluding automotive, increased 7.6 percent year-over-year this holiday season, according to a report from Mastercard SpendingPulse.
1847 Holdings Acquires ICU Eyewear
A wholly-owned subsidiary of 1847 Holdings, LLC signed an agreement to acquire ICU Eyewear Holdings, Inc., a designer of over-the-counter, non-prescription reading glasses, sunglasses, blue light-blocking eyewear, sun readers, and outdoor specialty sunglasses.
IHRSA Appoints Two New Board Members
The IHRSA health and fitness trade association elected Bill Davis, CEO, ABC Fitness Solutions, and Erik Lindseth, VP & general counsel, Life Time, Inc., to its Board of Directors at its November meeting.
Equinox’s Chief Legal Officer Jumps To Tailored Brands
Tailored Brands, Inc. hired Yen D. Chu as EVP, chief legal officer and corporate secretary, effective December 26. Chu joins Tailored Brands with more than 25 years of brand and consumer-facing experience for both private and publicly-traded companies.
Netflix To Stream Nike Training Club Content For Members
Netflix reported it will begin streaming Nike Training Club workouts as part of its content, effective December 30.
Pentland Brands Promotes Rock As President, Americas
Pentland Brands, Ltd. announced that Matt Rock was promoted to president, Americas, Pentland Brands, overseeing Speedo and the company’s portfolio, including Endura and Mitre for the Americas region.
Under Armour Appoints New Corporate President & CEO
Under Armour, Inc. hired current Marriott International President Stephanie Linnartz as president & CEO and as a member of UA’s Board of Directors, effective February 27, 2023.
OHM Fitness Inks Deal To Open 35 Locations In New Jersey And DC
OHM Fitness reported it will open 35 EMS fitness studios in New Jersey and Washington D.C. through its franchise partners over the next few years.
Orchid Adds Shooting Sports Industry Vet To Lead Strategy and Biz Dev
Orchid hired seasoned firearms industry executive Leland Nichols as chief strategy and business development Officer.
Edel Golf Expands Company With New Office In Denver
Edel Golf announced the opening of its new headquarters, assembly and fitting facility in Denver, CO as part of its expansion to grow the business worldwide.
Primark Opens New Store In City Point, Brooklyn
Primark, the international value fashion retailer, opened a new store in City Point, Brooklyn, NY.
Nike, Inc. Fiscal Q2 Results Beat Street Expectations; Inventories Up 43 Percent
Nike, Inc. reported fiscal 2023 second quarter revenues were $13.3 billion for the three-month period ended November 30, up 17 percent compared to the prior-year comparable period and up 27 percent on a currency-neutral basis.
