SGB Update Sports & Fitness
Nike Sues Lululemon Over Mirror At-Home Mirror Apps
Nike, Inc., on Wednesday, filed a patent lawsuit against Lululemon Athletica, Inc. Nike claims to hold a number of fitness equipment patents that Lululemon is infringing with its Mirror connected fitness device and related mobile applications.
NRF: Widespread Shutdowns Unlikely Amid Omicron Surge
In a statement, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said the COVID-19 Omicron variant brings uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns.
BSN Sports Acquires Team Sports Ink
BSN Sports, a division of Varsity Brands, announced that it has acquired Team Sports Ink, LLC located in Carson City, NV.
National Golf Foundation Appoints Board Members
The National Golf Foundation welcomed Golftec President and CEO Joe Assell and Ahead USA CEO Anne Broholm to its Board of Directors that spans the broad spectrum of the golf business.
LA Golf Partners With Michelle Wie West
LA Golf, the maker of graphite shafts, said it has partnered with Michelle Wie West as an investor, board member and brand ambassador.
Dorel Completes Sale Of Sports Segment To Pon Holdings
Dorel Industries, Inc. announced that it has completed the previously-announced sale of Dorel Sports, its bicycle segment, to Pon Holdings B.V., a Dutch mobility group, for US $810 million, representing approximately CAD $1.03 billion. Dorel Sports includes Cannondale, Schwinn, GT, Mongoose, Caloi, and IronHorse.
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.
