SGB Update Sports & Fitness
Fanatics Acquires Topps Trading Cards And Collectibles Business For $500M
Fanatics said it has completed the acquisition of Topps trading cards confirming widespread reports of a potential deal. Fanatics CEO Michael Rubin said in a statement, “With trading cards and collectibles being a significant pillar of our long-term plans to become the leading digital sports platform, we are excited to add a leading trading cards company to build out our business.”
NSGA Announces 2022 Hall Of Fame Class
The National Sporting Goods Association (NSGA) announced Michael Gotfredson Sr., of Road Runner Sports, Wilson “Bill” Hunt of Champro and Bill Sorenson of American Sports Products Group as inductees to the organization’s Hall of Fame.
CODI Declares Fourth Quarter 2021 Distributions
Compass Diversified (CODI) announced that its Board of Directors has declared a quarterly cash distribution of 25 cents per share on its common shares.
Emerald Acquires MJBiz
Emerald Holding, Inc. announced that it has completed the acquisition of MJBiz, the event producer and content platform serving a wide range of companies operating in the cannabis industry.
Report: Fanatics To Acquire Topps
Fanatics has reached an agreement to acquire the Topps’ trading card business, sources told The Wall Street Journal.
Planet Fitness Secures Health-Safety Rating For Facility Operations
Planet Fitness said it has become the first fitness brand to achieve the WELL Health-Safety Rating for Facility Operations and Management by the International WELL Building Institute.
Compass Diversified Appoints Board Member
Compass Diversified announced that Alex Bhathal has been appointed to its Board of Directors. With Bhathal’s appointment, the Board will expand to nine directors.
Escalade To Acquire Brunswick Billiards
Escalade Inc. announced the signing of a definitive agreement to purchase the assets of the Brunswick Billiards business from Life Fitness, LLC, a portfolio company of KPS Capital Partners, LP.
Life Time Fitness Survey Finds More Positive Outlook On Health And Fitness Habits
Life Time’s annual year-end survey found that 40 percent of respondents indicated their health was better in 2021 compared to 2020 versus 23 percent who said their health had gotten worse. This is a significant improvement from Life Time’s 2020 survey when nearly 70 percent of respondents reported that their health had been negatively impacted.
CES Scales Back Tech Trade Show To Three Days
CES 2022, consumer technology’s largest trade show, has shifted to a three-day show from four days as a safety measure amid concerns about rising COVID variant infection rates. The Las Vegas event will run from January 5-7.
Texworld New York Shifts To Virtual-Only Show
The Winter 2022 edition of Texworld New York City and Apparel Sourcing New York City trade shows, scheduled to run January 25-27, has moved to online-only following the nationwide rise in COVID variant cases.
AstroTurf Corp. Hires Laykold, Rekortan Brand Manager
AstroTurf Corporation, the manufacturer of sports and recreational surfaces, appointed Luke Burden as brand manager for Laykold courts and Rekortan tracks.
Happy New Year!
SGB Media wishes all the best to you and your family as we head into 2022. We look forward to working together throughout the upcoming New Year!
New Balance Sued For Exaggerating Claims On Its ‘Made In USA’ Sneakers
New Balance is being sued for falsely marketing its sneakers as being “Made In the USA,” according to The Fashion Law.
Canadian Pacific Announces Contract Extension With Canadian Tire Corporation
Canadian Pacific and Canadian Tire Corporation, Limited, the parent of SportChek, announced a multi-year agreement to continue moving the retailer’s goods in Canada.
