SGB Update Sports & Fitness

CorePower Yoga To Be Sold To TSG Consumer Partners

L Catterton, the consumer-focused private equity firm, announced that it has entered into a definitive agreement to sell CorePower Yoga, the fastest growing and largest yoga fitness studio operator in the U.S., to TSG Consumer Partners.

Adidas Sees Supply Chain Constraints Slowing Growth In First Half

Adidas said it expects supply-chain bottlenecks in North America to slow its growth to between 3 percent and 4 percent in the first half of 2019 before accelerating in the second half. The company still expects growth between 5 percent and 8 percent on a currency-neutral basis overall in 2019, including high-single-digit growth in North America.

CCM Hockey Hires CMO And CFO

CCM Hockey has hired Caroline Losson as its new chief marketing officer and Marrouane Nabih as its new CFO.

Report: Modell’s Hires Restructuring Adviser

Modell’s Sporting Goods has retained Berkeley Research Group as its financial adviser to explore restructuring options, including a possible bankruptcy, according to a report from the Wall Street Journal.

Dick’s Sees Return To Positive Comps In Second Quarter

Dick’s Sporting Goods reported fourth-quarter earnings exceeded Wall Street’s targets. Overall earnings and sales fell in the quarter due to a calendar shift. For the full year, the leading U.S. sporting goods chain predicted consolidated same store sales to be approximately flat to an increase of 2 percent, with positive consolidated same store sales beginning in the second quarter.

Nike Partners With UEFA Women’s Football

Nike has reinforced its commitment to the growth of women’s football by agreeing a landmark partnership with UEFA. The three-year deal sees Nike become an official partner of UEFA Women’s Football and the match ball supplier for UEFA Women’s competitions.

Hammerhead Secures $4.1 million In Funding

Hammerhead, maker of the Karoo cycling computer, has closed a $4.1 million seed plus round, led by Primary Venture Partners and KB Partners. Also participating were Courtside Ventures, Maveron, Robin Thurston, the co-founder of MapMyFitness and previously Chief Digital Officer at Under Armour, and Andy Ording, the CEO of Zipp.

Adidas To Pay Equal Bonuses For Women’s Soccer World Cup Winners

Adidas said it plans to give the same bonus to any of its sponsored players on the Women’s World Cup-winning soccer team as their male counterparts.  The announcement follows news that the U.S. women’s national soccer team is suing their federation with allegations of gender discrimination, where all 28 members of the squad were named as plaintiffs in federal court.

Ladder Sets Up Fitness Advisory Board

Ladder, the digital marketplace for health and wellness coaching, announced that it has established a Fitness Advisory Board comprised of six leaders within the commercial fitness space. Rick Caro will serve as chairman for the group, which also includes Richard Beusman, Joe Cirulli, Mel Kleist, Tim Rhode and Rodney Steven.