SGB Update Sports & Fitness
Hyperice Appoints CFO
Hyperice announced that Sung Kim has been appointed chief financial officer (CFO). He was at The Honest Company.
Woom Bikes Appoints New Global CEO
Woom Bikes appointed Woom USA founder, Mathias Ihlenfeld, as the kids’ bike brand’s global CEO. The company’s founders, Marcus Ihlenfeld and Christian Bezdeka are stepping back from day-to-day operations but remain shareholders in the company.
Canadian Tire Announces Chairman Succession
Canadian Tire Corp., Ltd. announced that Maureen Sabia will retire as chairman and from the Board of Directors following the company’s Annual Meeting of Shareholders on May 12, 2022. She will be succeeded as chairman by J. Michael Owens following his re-election as a director at that meeting.
Compass Diversified Invests In Packaging Firm
Altor Solutions, a subsidiary of Compass Diversified (CODI) and a manufacturer of custom protective packaging solutions and componentry, announced that it has acquired Foam Concepts, Inc. Financial terms of the transaction were not disclosed.
KKR Invests In High School Sports Platform PlayOn! Sports
PlayOn! Sports, a high school sports media company, reached a definitive agreement to receive a significant investment from KKR, the investment firm, alongside PlayOn’s existing shareholder, Panoramic Ventures.
Asics Raises Outlook For The Year
Asics Corp. in a regulatory filing increased its sales and earnings guidance for its year ended December 31. The Japanese-based company cited a better-than-expected performance in Performance Running and Core Performance Sports, as well as in Europe and Greater China.
RunSignup RaceTrends Report Shows 21.6 Percent Growth
RunSignup released its Annual RaceTrends Report that showed participation in endurance events on its platform in 2020 and 2021 had an average growth rate of 21.6 percent; however, participation was down from the pre-pandemic year.
PGA Tour Superstore To Open Eight Stores In 2022
PGA Tour Superstore said it reached its 50-store milestone in 2021 and plans to open at least eight new stores in 2022. The expansion plan comes as the retailer said it recorded record sales growth in fiscal 2021 while continuing to gain market share.
The Vitamin Shoppe’s First Franchise Store Opens
The Vitamin Shoppe announced the launch of its first franchise store, located in Greensboro, NC.
Recall: Matrix Fitness Treadmills
About 19,900 Matrix T1 and T3 Series commercial treadmills from Johnson Health Tech were recalled.
Report: Peloton’s Apparel Growth Targets Slashed
Peloton has significantly reduced its 2022 sales projections for its apparel business, according to internal documents obtained by CNBC.
BSN Sports Acquires Nicklasson Athletic
BSN Sports, a division of Varsity Brands, announced it had acquired Nicklasson Athletic based in New Ulm, MN.
Planet Fitness Prices $900 Million Securitized Financing Facility
Planet Fitness Inc. announced that it has priced $900 million of Series 2022-1 Class A-2 fixed rate senior secured notes.
New IHRSA Data Shows High, Growing COVID-Related Closure Rates For Fitness Facilities
IThe International Health, Racquet & Sportsclub Association (IHRSA) released new industry data that showed another increase in the number of health clubs, gyms and studios that have closed since this time last year. Since the start of the Covid-19 pandemic in March 2020, 25 percent of all fitness facilities have closed across the country, and 30 percent of studios closed as of January 1, 2022, an increase of 11 percent since January 1, 2021.
Under Armour Partners With Florida Southern College
Florida Southern College signed a partnership agreement with Under Armour, Inc., through BSN Sports, as the official athletic outfitter for all Moccasin programs.
