SGB Update Sports & Fitness

Asics Ventures Acquires AI Silk

Asics announced that its investment subsidiary Asics Ventures Corporation has made its first investment, taking a stake in AI Silk Corporation. AI Silk is a venture company affiliated with Tohoku University that develops conductive textiles.

Strava Fitness App can Reveal Military Sites

The US Central Command plans to refine its privacy policies after reports that the online fitness tracker Strava showing maps of  people’s exercise habits across the globe could pose security risks for security forces around the world.

OrthoLite Promotes C.B. Tuite to Chief Sales Officer

OrthoLite, the maker of insoles, announced the promotion of C.B. Tuite to chief sales officer as the company expands globally and identifies strategic opportunities. For the last three years, he previously served as the company’s senior vice president of sales and marketing.

Activist Investor Acquires Stake in Nike

Pershing Square Capital, the $12+ billion dollar hedge fund run by activist Bill Ackman, has reportedly acquired a passive stake in Nike Inc.

Dick’s Opens Regional Distribution Hub in Conklin, NY

Dick’s Sporting Goods Inc. opened a regional distribution facility at the Broome County Corporate Park, 9.4 miles south of Binghamton, in Conklin, NY. The hub is expected to create over 450 full-time jobs during the next five years in the Southern Tier.

NRF: Super Bowl Spending Expected to Climb

American adults are expected to spend an average $81.17 for a total of $15.3 billion as an estimated 188.5 million people watch the New England Patriots take on the Philadelphia Eagles in the Super Bowl next month, according to the annual survey released by National Retail Federation and Prosper Insights & Analytics.

WFSGI Appoints Board Members After Successful Year

The World Federation of the Sporting Goods Industry has appointed three additional members to their Board of Directors to serve for the current term lasting until 2020 at its General Assembly on the 27th of January 2018 at ISPO Munich.
 

Adidas Originals Releases ‘Original is Never Finished’ Film

Adidas Originals released its latest film, “Original Is Never Finished | 2018,” featuring a wide range of its ambassadors across music, style and sport. The cast includes Dua Lipa, Miles Silvas, Playboi Carti, Lu Han, A$AP Ferg, Nick Young, Kaytranada, Florencia Galarza, Marcelo Vieira and Adrianne Ho.

Newell Brands Exploring Sale of Rawlings

Newell Brands announced plans to shed assets, including possibly the Rawlings brand, and close factories as it concentrates on nine core consumer divisions.