SGB Update Sports & Fitness

Duca Del Cosma Names Area Director In Southeast Asia

Amike Krakers, originally from the Netherlands, has lived in Asia for almost two decades and brings expertise to promoting lifestyle brands to the role that will see her support product distributors across the region.

Fromuth Racquet Sports Acquires Tennis-Point

Online retailer Tennis-Point, formerly owned by Signa Sports United, has been acquired by Fromuth Racquet Sport. In the short term, Tennis-Point will be operated as a separate business and keep its name and contact details.

Momentec Brands Names Chairman, CFO and SVP of Product Development

Formed out of the merger of Augusta Sportswear Brands and Founder Sport Group, Momentec Brands appointed David Baxter as chairman, Mike Moore as chief financial officer, and Joel Bennink as SVP of product development. Most recently, Baxter was the president of Under Armour for the Americas Region. Bennink spent 13 years at Under Armour, where he led the growth and development across Team, Golf and Curry-branded apparel.

Crunch Fitness Opens in Kansas

Fitness Ventures LLC, a growing Crunch franchise, operating in over 25 states, owns Crunch Fitness Shawnee, KS.

Planet Fitness Launches Accelerated Share Repurchase Program

Planet Fitness entered into a $280 million accelerated Share Repurchase Agreement with Citibank, N.A.. The company will acquire shares under the Agreement as part of its $500 million share repurchase authorization previously announced.

Super Retail Names New Chair to Replace Sally Pitkin

Super Retail Group, which owns Rebel, Supercheap Auto, BCF and Macpac in Australia, appointed Fonterra executive Judith Swales as its new Board chair replacing Sally Pitkin, who will retire from the Board after the company’s October annual general meeting.

Pura Vida’s Q1 Revenues Tumble 37 Percent

according to Vera Bradley, Inc., Pura Vida’s parentm revenues totaled $12.7 million, a 37.0 percent decrease from $20.1 million in the prior year first quarter, primarily due to declines in e-commerce and wholesale sales,.

Planet Fitness, Inc. Completes Refinancing Transaction

The proceeds from the placement of the 2024 Notes will be used to repay in full the Series 2018-1 Class A-2-II Notes, to pay the transaction costs and fund the reserve accounts associated with the securitized financing facility and for general corporate purposes.

Tommy Bahama Parent Sees Q1 Sales Decline

Continued choppiness in the market and lack of sustained positive momentum, coupled with the drop in consumer sentiment, led Tommy Bahama parent to take a more conservative outlook for the balance of the year, lowering its fiscal 2024 sales and EPS guidance.