SGB Update Sports & Fitness
Kahunaverse Sports Group Acquires Soccer Express
Kahunaverse Sports Group, one of Canada’s largest providers of institutional and team sporting equipment, apparel and accessories, has acquired Soccer Express Trading Corp.
Xceed Acquires Peaks Apparel
Xceed, the custom activewear brand based in Mexico City, announced plans to rapidly expand its brand through the acquisition of U.S.-based Peaks Apparel.
Asics Returns To Growth In North America
Asics Corp. reported sales increased 4.2 percent in the first quarter in the North America region as the Performance Running category returned to positive growth.
Wolverine World Wide Tops Guidance In Q1
Wolverine World Wide reported earnings in the first quarter were down slightly on an adjusted basis but exceeded guidance as its top-five brands, including Merrell and Saucony, saw revenue arrive above plan during the quarter to offset some challenges at Sperry.
Saucony Promotes Joe Toth To VP Of U.S. Sales
Saucony, a division of Wolverine Worldwide, Inc., announced the promotion of Joe Toth to the position of vice president of U.S. sales.
SFIA Strongly Opposes Proposed Increase China Tariffs
In response to President’s Trump threat to increase tariffs on Chinese goods, SFIA said it has communicated with the Trump Administration, along with other member companies, for months and has been clear that if these tariffs are imposed, companies will be forced to raise prices, reduce production, divert resources from planned research and development, and potentially lay offs.
Sequential Brands Posts Q1 Loss On Impairment Charge
Sequential Brands Group Inc., the parent of Avia, And1 and Gaiam, reported a steep loss in the first quarter due to an impairment charge related to the sale of the Martha Stewart and Emeril Lagasse brands. The company also noted that first-quarter results came in below expectations.
Acushnet’s Earnings Dip In Q1
Acushnet Holdings Corp., the parent of Titleist and FootJoy, reported net earnings declined 15.9 percent in the first quarter as sales decreased 1.8 percent due to weakness in Japan and Korea. U.S. sales increased 5.1 percent in the quarter.
Gordon And Lord Selected To Lead SFIA’s Baseball/Softball Council
The Sports & Fitness Industry Association (SFIA) announced new co-chairs of the Baseball/Softball Council.vAndrea Gordon, CEO of Diamond Sports, Inc. has been chosen to represent the baseball sector of the committee, and Tim Lord, Senior Director of Product Marketing and Development at Dudley Softball & Spalding Baseball will represent the softball side.
Brooks Running Extends Partnership With Marine Corps Marathon
Brooks Running Company and Marine Corps Marathon Organization (MCMO) have agreed to extend their relationship for another five years.
Norwest Equity Partners Names Tony Armand As Newest Investment Partner
Norwest Equity Partners (NEP), a leading middle market investment firm, has announced the expansion of its leadership group with the naming of Tony Armand to partner.
New England Fitness Sold To Centre Partners
The MFA Companies announced that New England Fitness and affiliates, now doing business as One World Fitness PFF, LLC, was recently acquired by Centre Partners, a leading middle market private equity firm.
Nautilus Suffers Steep Q1 Sales Drop
Nautilus Inc. reported a net loss in the first quarter as sales tumbled 26.5 percent due to sluggish sales by the Bowflex Max Trainer in Direct channels.
Campus Den Files For Chapter 11 Bankruptcy
Campus Den, with 15 locations across Michigan, has filed for bankruptcy in U.S. Bankruptcy Court for the Eastern District of Michigan.
Life Fitness To Be Acquired By KPS Capital Partners
Brunswick Corporation entered into a definitive agreement with KPS Capital Partners, LP (KPS) under which KPS will acquire Brunswick’s Fitness business and related brands, including Life Fitness, for $490 million in cash.
