SGB Update Sports & Fitness
Life Time Completes Credit Revolver Increase and Extension
In connection with the refinancing, the company said it borrowed under the revolver and paid the remaining aggregate principal amount of ~$200 million outstanding under its term loan facility that had an interest rate of SOFR plus 4.00 percent.
Report: Premium Fitness Flourishing at Life Time and Orangetheory
Placer.ai said in a recent blog post on the growth trends at premium fitness brands like Life time and Orangetheory. The company said it dove into the data for the two premium fitness chains to better understand what’s driving their recent success.
Extraordinary Brands Expands Leadership Team Across Multiple Departments
The parent of the Pūrvelo Cycle, Eat the Frog Fitness, Row House, and Neighborhood Barre fitness brands has added to its leadership team as the company continues its expansion efforts.
Xponential Fitness Expands Rumble Boxing into Japan
In addition to the new Rumble Boxing franchise, Wellness X Asia acquired Master Franchise rights for Club Pilates in 2019 and has since launched 55 studios across Japan. Following this milestone, the company opened its first CycleBar studio in early 2023.
NBDA Elects Three New Board Members
Shirley Gonzalos of Pedal the Peaks, Chelsea Kulp of Shore Brake Cyclery and Paul Tobio of Ryder Bikes bring a wealth of experience and a passion for strengthening specialty bicycle retailers and the cycling industry.
Golfzon Leadbetter and the Golf Rooms to Launch Golf Academy in London, UK
Golfzon Leadbetter and The Golf Rooms plan to expand their partnership to additional locations in the UK and internationally.
Macy’s to Hire Over 31,500 Seasonal Workers for the Holiday Shopping Season
The retailer will hold four nationwide in-person hiring events at Macy’s, Bloomingdale’s, Bluemercury stores and distribution centers.
Target Names Chief Financial Officer
During his career, Jim Lee has led global teams in various business development and finance functions across North America, Europe and Asia, including as CFO for several of PepsiCo’s international regions.
Canada Goose Signs Licensing Agreement with Marchon Eyewear
Canada Goose’s first eyewear collection will incorporate the brand’s signature design elements and performance features. Marchon will manufacture the pieces using sustainable materials, an essential commitment both companies made when inking the deal.
Amped Fitness Expands Orlando Presence with Apopka Location
Amped Fitness said it is poised for further expansion throughout the Orlando, FL metro area and is actively scouting new locations to meet rising demand.
KemperSports Promotes Marketing Executives
Kevin Fitzsimons and Dariel Farin were promoted to regional sales and marketing directors, reporting to VP of Marketing Erica Espe. Headquartered in Chicago with regional offices throughout the U.S., KemperSports manages over 140 golf courses, private clubs, sports venues, and destination resorts nationwide.
TruGolf Links Expands Into the Chicago and NW Indiana Region
The company awarded entrepreneurs Bob Early and Ron Rzansa the opportunity to develop 80 new TopGolf Link centers across the broader Chicagoland area.
Health & Fitness Association Expands Research Arm, Adds VP of Research
Using his international and research background, Anton Severin will direct new economic and market intelligence research to benefit the industry.
Topgolf Callaway Enters Multiyear Agreement with Golf Saudi
The partnership includes the launch of Topgolf across KSA. Golf Saudi will also become the official Saudi distributor of Topgolf Callaway equipment and apparel brands, and Callaway Golf will outfit the Saudi national golf team and sponsor its professional golfers.
Macy’s Names Senior VP, Creative and Production
Jason Holzman brings a wealth of experience to his new role at Macy’s. Before his nearly seventeen-year tenure at NBCUniversal, Holzman served as creative director at Euro RSCG. He also held creative roles at BBDO and Ammirati & Puris and, recently, co-authored a graphic novel to be published by the publishing house, Humanoids.
