SGB Update Sports & Fitness
’47 Brand Partners With XFL
The XFL announced ’47 as its official headwear partner. ’47, a privately-held premium sports lifestyle brand from Boston, is providing headwear and apparel for all eight XFL teams.
Johnson Health Tech Receives International Service Excellence Award
Johnson Health Tech (JHT) said it was awarded the 2019 International Service Excellence Award by the Customer Service Institute of America (CSIA). JHT is the first-ever fitness equipment manufacturer to be recognized with this achievement.
RYU Apparel Announces Private Placement
RYU Apparel Inc., the Vancouver-based athletic apparel brand, intends to conduct a non-brokered private placement financing of up to 333.3 million units at a price of Canadian 3 cents per unit to raise gross proceeds of a maximum of $10 million.
HanesBrands Q4 Adjusted Earnings Expands 13 Percent
HanesBrands, the parent of Champion, announced record operating cash flow for the fourth-quarter and full-year 2019 and strong diluted earnings per share growth.
Descente’s Sales Sink 8 Percent In Nine Months
Descente reported sales in the nine months ended December 31 slipped 8.0 percent to ¥92.9 billion ($845 mm).
Coros Wearables Adds Des Linden As Amassador
Coros Wearables Inc., makers of GPS watches, introduced six new road runners to its pro athlete team. led by two-time Olympian and 2018 Boston Marathon Champion Des Linden.
Topgolf Plans To Open Second Location In Charlotte
Topgolf Entertainment Group announced plans to open a second Topgolf venue in Charlotte, NC. The new location will open near UNC Charlotte, Charlotte Motor Speedway and Northlake Mall.
Shimano Acquires Pioneer Cycle Sports Assets
Pioneer, the cycling power meter specialist, has signed an agreement to transfer its cycle sports business to Shimano.
Nike Announces Strategic Distributor Partnerships In Brazil, Argentina, Chile And Uruguay
Nike Inc. announced it is transitioning its Nike Brand business in Brazil, Argentina, Chile and Uruguay to strategic distributor partnerships, enabling a more profitable, capital-efficient and value-accretive business model. A one-time, non-recurring charge related to foreign exchange of approximately $425 million will be taken.
GoPro’s Revenues Jump 40 Percent In Q4
GoPro Inc. reported sales rose 40 percent in the fourth quarter along with strong earnings gains although both were short of Wall Street’s targets.
Mizuno Signs Ronda Rousey
Mizuno has signed Ronda Rousey as the newest addition to the Mizuno roster of athletes in North America. She had been with Reebok.
Andre Iguodala Joins Comcast Ventures’ Catalyst Fund
Comcast Ventures, the venture capital affiliate of Comcast Corporation, announced Andre Iguodala has joined its Catalyst Fund as a venture partner.
Nautilus Announces $70M Credit Facility
Nautilus Inc. announced the closing of a new five-year $70 million senior secured credit facility, consisting of a new $55 million asset-based revolver and a $15 million term loan with Wells Fargo Bank, NA.
Georgia Gwinnett College Signs Deal With Nike, BSN Sports
Georgia Gwinnett College in Lawrenceville, GA signed a multi-year apparel partnership with Nike and BSN Sports for the college’s six intercollegiate teams.
Adidas Closes Numerous Stores In China
Adidas said it was closing a “considerable” number of its stores in China due to concerns over the coronavirus outbreak, according to a report from Reuters.
