SGB Update Sports & Fitness
Fanatics Inks Partnership Deal with New Zealand Rugby
Fanatics will become the master licensee for New Zealand and will run the e-commerce and physical retail for the All Blacks and the Black Ferns.
NYSE Regulation Moves to Delist Delta Apparel Shares; Suspends Trading
In reaching its delisting determination, NYSE Regulation noted the company’s disclosure regarding the expectation that holders of shares of Delta Apparel’s common stock would experience a complete or significant loss on their investment, depending on the outcome of the Chapter 11 cases.
Volvik USA Expands North America Leadership Team
As director of business operations for North America, Matt King has over a decade of experience overseeing operational efficiencies, improving processes and managing resources, most recently at RSR Group, Inc.
Sports Authority Founder Jack Smith Passes Away
Jack Smith was the visionary who turned Sports Authority into one of the biggest sporting goods retail brands worldwide. Smith also served as chairman of the board of the National Sporting Goods Association (NSGA) and was inducted into the Sporting Goods Industry Hall of Fame in 2016.
PGA Tour Hires Chief Marketing & Communications Officer
Former Aon CMO Andy Weitz is responsible for positioning the PGA Tour brand for investment while communicating its global strategy and performance to the Tour’s stakeholders and beyond. He will formally begin working with the PGA Tour in mid-August.
PGA of America CEO Exits, Shifts to Advisory Role
Accomplishments include leadership during the pandemic, delivering deferred compensation retirement plan for members, completing PGA Frisco partnership agreements, and growth of the PGA of America Reach Foundation
Life Time Closes on $90 Million Sale-Leaseback
The sale-leaseback transactions will support the company’s progress in reducing its net debt-to-adjusted EBITDA leverage ratio to under three times sooner than forecasted.
Scott USA Hires Industry Vet as President
Alongside teams based in Salt Lake City and Ogden, UT, Hap Seliga will work to drive growth in the U.S. market and solidify the company’s position in outdoor verticals.
Pickleball Kingdom to Open 25 New Locations in Ohio and Orlando
Spearheaded by franchisees Sanjay and Dhaval Patel, who will build most clubs in Ohio and several in Orlando.
Nike Inc. Beats Q4 EPS Estimates But Warns of Fiscal 2025 Guidance Cut
Nike Inc. reported earnings in the fiscal fourth quartar ended May 31 exceeded analysts’ consensus targets by 17 cents but also warned that it would downwardly adjust its guidance for the coming year due to continued “challenges” in the marketplace.
CityPickle Secures Investment to Fund Expansion
The influx of capital will support CityPickle’s plans to expand the locations of its permanent indoor pickleball club concept in addition to strategic activations at landmarks in urban areas.
Competitive Cyclist Named as Official U.S. Retailer for Tour de France
Competitive Cyclist has secured an exclusive partnership with Amaury Sport Organisation (A.S.O.) as the sole U.S. retailer for this year’s Tour de France products.
Wilson SG Opens New Football Factory in Ohio, Extends NFL Partnership
As part of the multi-year NFL extension, Wilson debuted a new football factory in Ada, OH, as well as becoming the official football of NFL Flag programs internationally, continuing the brands’ joint mission of growing the game across various demographics and countries.
Body Fit Training Inks Master Franchise Agreement for Scandinavia
Body Fit Training said Tage Flugeim signed the agreement, a seasoned fitness operator who opened his own gym and brought Barry’s Bootcamp to Scandinavia 15 years ago as the first international market outside North America.
Feat Clothing Secures New Majority Investor
2.0 Ventures, a private equity firm headquartered in Salt Lake City, acquired a majority stake in Feat Clothing, Inc. Taylor Offer, who founded the California-based athleisure brand in 2014, will transition from his role as CEO to a position on the Board of Directors.
