SGB Update Sports & Fitness
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.
Specialized To Begin Selling Direct To Consumers
Specialized Bicycle Components announced it would begin direct online sales of its bikes to U.S. consumers on February 1.
Big Lots Introduces Mario Lopez Fitness Products
Big Lots Inc. introduced a Mario Lopez line of workout gear, protein powder and recovery essentials. The brand will be exclusive to Big Lots.
StretchLab Opens 150th Studio
StretchLab, based in Irvine, CA, announced it has recently signed its 500th franchise agreement and opened its 150th studio this month.
Club Champion Opens Three Studios
Custom club fitter Club Champion announced the opening of three new fitting studios this month, located in Madison, WI; Meridian, ID; and The Villages, FL.
Athletic Greens Secures $115M In Financing Round
Athletic Greens, a New York-based foundational nutrition company, announced it has raised $115 million in funding.
Rally House Opens 16th DFW Location
Rally House opened its 16th store in the DFW area in Denton, TX.
Ironman Group Announces Promotions
The Ironman Group announced several leadership promotions, including Stefan Petschnig to chief business development officer and Matt Wikstrom to chief partnerships officer. Thomas Veje Olsen was promoted to senior vice president and named the managing director for Europe, Middle East and Africa (EMEA), replacing Petschnig.
Reebok Signs Licensing Partner For Middle East And Africa
Authentic Brand Group (ABG) announced that Al Boom Marine (ABM), a company under the portfolio of Scope Investment, will become the operating partner for Reebok in the GCC, the Middle East, including Iraq and Lebanon, and North Africa, which includes Algeria, Egypt and Morocco.
Canyon Bicycle Appoints CEO
Canyon Bicycle appointed former Nike executive Nicolas De Ros Wallace as its new CEO.
Lululemon Adds Board Member
Lululemon Athletica, Inc. announced that Alison Loehnis, president of luxury and fashion at Yoox Net-a-Porter, has been appointed to serve on its Board of Directors.
Decathlon To Close Its Last Two U.S. Stores
French sporting goods retailer Decathlon plans to close its last two stores in the U.S.(San Francisco and the East Bay), effective March 15.
