SGB Update Sports & Fitness
Sports Direct’s Earnings Sink On House of Fraser Costs
Sports Direct reported earnings dropped 27 percent in the first half ended October 28 due to the August buy-out of House of Fraser. Earnings improved slightly excluding charges and losses at its segment including Bob’s and EMS was reduced.
Genesco Agrees To Sell Lids To Fanzz
Genesco Inc. entered into a definitive agreement on the sale of the Lids Sports Group to FanzzLids Holdings, a holding company controlled and operated by affiliates of Ames Watson Capital, LLC. Ames Watson is the owner of Fanzz, a specialty retailer of officially licensed sports apparel. Fanatics Inc. will make a minority investment in FanzzLids Holding.
Mizuno Signs American Olympic Medalist Blake Pieroni
Mizuno is furthering its commitment to the U.S. swimming market and has signed American freestyler, Blake Pieroni, in his first professional contract. The signing represents the brand’s first American swimmer.
Fanatics Partners With University of Oregon In First College Deal
Marking its first licensing agreement with a university, Fanatics inked a 10-year deal with the University of Oregon to license, manufacture and sell its sports gear beginning on January 1, 2020.
Riddell Renews Youth Football Partnership With Pop Warner
Pop Warner Little Scholars Inc., the nation’s oldest youth football organization, and Riddell announced a partnership renewal that will last three years.
Fanatics Forms Strategic Partnership With Jakprints
Fanatics Inc. and Jakprints Inc. announced a new five-year partnership deal that will allow Jakprints to support the domestic production needs of Fanatics. With this partnership Jakprints also announced the opening of a new 140,000-square-foot facility in Eastlake, OH, which includes a $7 million investment in state-of-the-art equipment and the creation of over 100 new jobs.
IOC Announces Changes To Management Structure
The IOC is adapting its management structure. After 26 years as director of NOC Relations and of Olympic Solidarity, Pere Miró will henceforth focus exclusively on his role as deputy director general for relations with the Olympic Movement.
Three Finalists Chosen to Present At Fourth ‘Tennis Industry Innovation Challenge’
Three finalists have been chosen to present at the fourth Tennis Industry Innovation Challenge, which will be held on Thursday, Jan. 24, during the Racquet & Paddle Sports Conference in Orlando, FL.
Philip Stein Names Paige Spiranac Its New Brand Ambassador
Philip Stein, a wearable wellbeing brand, has partnered with Paige Spiranac, the American social media personality and professional golfer.
Bauerfeind And NBA Announce Global Licensing Partnership
Bauerfeind, a maker of orthopedic braces and other devices to support the joints and the back, and the National Basketball Association announced a new multiyear partnership making Bauerfeind’s GenuTrain NBA an officially-licensed knee support of the league.
San Antonio To Host 49th Annual National AD Conference
More than 2,400 athletic administrators, spouses, guests and exhibitors will be attending the 49th annual National Athletic Directors Conference (NADC) Friday through. Tuesday (December 14-18) at the Henry B. González Convention Center in San Antonio
Under Armour’s Shares Slide On Weak Guidance
Under Armour Inc. at its Investor Day on Wednesday introduced the company’s 2023 strategic growth plan that calls for a return to a low double-digit growth rate by 2023. But shares of Under Armour fell $2.32, or 10.5 percent, to $19.80 as the company said it expects only low single-digit revenue growth on average over the next five years, including 3 to 4 percent growth in 2019 as gains overseas offsets flat sales in North America.
Garmin Health, ActiGraph Collaborate On Wearable Solutions For Clinical Trials
Garmin International Inc., a unit of Garmin Ltd. on Wednesday announced a collaboration with ActiGraph to explore creation of innovative health and activity monitoring solutions that would utilize Garmin wearables and ActiGraph‘s CentrePoint data analytics platform for academic research, clinical trials, and remote patient monitoring.
NBA’s Derek Fisher Joins Luxury Asset Capital Sports & Entertainment Group
Luxury Asset Capital, a leading provider of alternative financing, today announced the formation of its Sports & Entertainment Group and that NBA legend Derek Fisher and leading media, entertainment and sports attorney Samuel “Sandy” Fox have joined the group.
NoSweat Announces International Licensing Deal with United Sports Brands
NoSweat, market pioneer and creator of patented sweat-absorbing, disposable performance liners for hats, helmets, hard hats and visors, announces a five-year international licensing agreement with United Sports Brands, a global leader in sports performance and protective products.
