SGB Update Sports & Fitness
Dick’s SG Closes $1.5 Billion Debt Sale
Dick’s Sporting Goods, Inc. announced the closing on January 14, 2022, of its previously announced offering of $750 million of 3.15 percent senior notes due in 2032 and $750 million of 4.1 percent senior notes due 2052.
Kohl’s Reaffirms Strategic Progress Following Activists Calls For Sale
Kohl’s responded to a call by Activist Investor Macellum Advisors to explore strategic options, including a sale, by reporting that its recent results showed the retailer is making strong progress with its transformation plan and that it’s open to further discussions with Macellum.
Peloton To Hike Prices
According to a banner notice on its website, Peloton will charge customers a $250 delivery and setup fee on some of its bike models and a $350 delivery and setup fee for some of its treadmills.
TheDrop Taps Nike Veteran To Lead Global Merchandising
TheDrop.com, a streetwear and sneaker online marketplace, announced that Scott Keating has joined the company’s management team as chief merchandising officer. He was most recently global sales and brand director for Nike SB.
Kohl’s Urged By Activist Investor To Make Changes Or Explore Sale
Activist hedge fund Macellum Advisors said on Tuesday Kohl’s should explore strategic options, including a sale, if the retailer does not improve business to boost its stock price.
USTA Southern Appoints Executive Director & COO
USTA Southern President & CEO Randy Jackson announced that USTA New England Executive Director/COO Matt Olson has been named USTA Southern Executive Director & COO.
K-Swiss Appoints New Apparel Licensee
K-Swiss has appointed The Singer Capital Portfolio, which does business as Lucky In Love, as its new apparel licensee.
OpSec Appoints VP Strategic Accounts And Partnerships
OpSec Security appoints Greg Sim as vice president, strategic accounts and partnerships in the North American Sports Licensing, Apparel and Footwear markets.
Amer Sports’ Debt Ratings Upgraded To Positive On Strong Earnings
Moody’s Investors Service changed to positive from stable the outlook on the ratings of Amer Sports as the company saw revenue growth of 29 percent in the year-to-date period ended September 30. Moody’s said, “Consumer demand for sports apparel, footwear and individual ball sports equipment has proven to be stronger than expected across all segments.”
MycoWorks Raises $125M To Scale Mushroom Leather Material
MycoWorks, a company developing a fungal-based biomaterial that it said could replace leather, has secured $125 million in Series C financing.
H2U Raises US$8M To Fund Growth
Health to U (H2U) Corporation, a provider of digital health and wellbeing platforms, announced the close of a U.S.$8 million round of funding led by Sharp and Foxconn Technology.
Peloton To Be Removed From Nasdaq 100
Nasdaq said Thursday evening that Peloton’s stock (PTON) would be replaced by trucking company Old Dominion Freight Line (ODFL) in the Nasdaq 100 Index on January 24.
FitLab Raises Growth Capital, Announces Acquisitions Of Electric, Fitplan And Ragnar
FitLab Inc. announced the closing of its Series A financing, bringing total capital raised to more than $15 million.
HanesBrands Announces $2 Million Investment In Historically Black Colleges And Universities
HanesBrands announced a $2 million investment in three historically black colleges and universities (HBCU). The four-year partnership involves North Carolina A&T, Pensole Lewis College of Business & Design and Winston-Salem State University.
Jonas Fitness Appoints President
Jonas Fitness, Inc., a provider in enterprise club management software and payment solutions, announced that Tony Autin would be named president.
