SGB Update Sports & Fitness
Dick’s SG Raises Full-Year Outlook
Dick’s Sporting Goods Inc. in a regulatory filing Thursday raised its guidance for the full year and provided fourth-quarter earnings guidance that was well above Wall Street’s consensus target.
Authentic Brands Group Withdraws IPO
Authentic Brands Group Inc., officially withdrew its plans for an initial public offering, according to a regulatory filing with the Securities & Exchange Commission. The cancellation of the IPO was expected given its move in November to sell significant equity stakes in the company to private equity firms CVC Capital Partners and HPS Investment Partners.
Saris Appoints Senior Product Manager Of Bike Racks
Saris appointed Kevin Harris as senior product manager of bike racks. He previously worked at Thule.
2022 ICR Conference To Be Held Virtually
ICR announced that the 2022 ICR Conference will be held virtually due to the quicker than anticipated spread of the Omicron/Delta variants.
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.
