SGB Update Sports & Fitness
Authentic Brands Group Launches Sports Illustrated CBD Product Line
Authentic Brands Group (ABG), owner of the Sports Illustrated brand, announced a strategic partnership with Sentia Wellness, a leading distributor of CBD-infused wellness products to produce and distribute Sports Illustrated and Sports Illustrated Swim-branded CBD-infused topicals.
Cascade Maverik Expands Partnership With US Lacrosse
Cascade Maverik Lacrosse has signed a new multi-year partnership agreement with US Lacrosse, the U.S. men’s and women’s national teams and the National Team Development Program (NTDP).
Special Olympics Confirms Berlin As Host Of 2023 World Games
Berlin became the official host of the 2023 Special Olympics World Games during a ceremony in the German capital.
OrderMyGear Appoints Leonid Rozkin As CFO
OrderMyGear announced that Leonid Rozkin has been promoted to chief financial officer.
Deckers Brands Q3 Easily Tops Guidance
Deckers Brands Inc. raised its earnings guidance for the year after reporting results for the third quarter ended December 31 that easily topped its outlook. Sales grew 2.6 percent at Ugg and jumped 63.6 percent for Hoka One One. Teva and Sanuk both suffered double-digit declines.
NRF And RILA Welcome Signing Of USMCA Legislation
The National Retail Federation (NRF) and Retail Industry Leaders Association (RILA) each welcomed Wednesday’s signing by President Trump of legislation to implement the United States-Mexico-Canada Agreement.
H&M Appoints New CEO
H&M said Karl-Johan Persson has stepped down as CEO to assume the role of chairman, after his father Stefan said he would relinquish that role. COO Helena Helmersson has been appointed CEO.
RYU Apparel Seeks To Enter Consultant Agreement
RYU Apparel, the Vancouver-based athletic apparel brand, is seeking to raise $7 million in capital in order to enter a consulting arrangement and pursue a plan to bring RYU to profitability over the two-year period.
Puma Becomes Beach Soccer World Wide Official Global Partner
Puma has become the official global partner of Beach Soccer World Wide (BSWW), the major sports entity behind the creation and growth of beach soccer.
Adidas Lays Out Roadmap To Be Plastic Free By 2024
Adidas is introducing two new fabrics that use 100 percent recycled polyester, Primeblue and Primegreen, and announced several more commitments as part of its goal to use only recycled polyester for its shoes and clothing by 2024.
Asics Ventures Invests In Smart Shoe Technology
Asics Corporation announced that its investment subsidiary Asics Ventures Corporation invested in a Japanese startup No New Folk Studio Inc., developer of sensing solution Orphe Track, which measures and analyses foot movement.
Play It Again Sports Parent Announces Governance Changes
Winmark Corporation, the parent of Play It Again Sports, announced that current executive chairman, John L. Morgan, 78, will retire as a director and as executive chairman, effective March 1, 2020.
Nike Facing SEC Investigation Over Illicit Payments, Jury Told
Nike Inc. is facing a probe from the U.S. Securities and Exchange Commission over illicit payments to elite youth basketball players, according to a lawyer for Micheal Avenatti, the celebrity lawyer facing trial for allegedly trying to extort millions of dollars from Nike, according to Bloomberg News.
Penn National Gaming To Acquire Barstool Sports
Penn National Gaming, a regional gambling operator, has reached an agreement to acquire Barstool Sports, the controversial digital sports publisher. The deal values the Boston-based sports blog at $450 million.
Esports Learning Platform Secures $5M Funding Round
ProGuides, an esports learning platform, announced a $5 million seed funding round led by M13 with participation from previous pre-seed investors Amplify LA, Quest Venture Partners, and the GFR Fund.
