SGB Update Sports & Fitness
Luxottica Group Sees Sales Accelerate In Q4
Luxottica Group reported fourth quarter accelerated from the third quarter, with net sales rising 5.2 percent at constant exchange rates and 6.3 percent at current exchange rates.
Fitbit Cuts 6 Percent Of Workforce Amid Q4 Shortfall
Fitbit expects revenue for the fourth quarter of 2016 to be in the range of $572 million to $580 million, compared to the company’s previously announced guidance range of $725 million to $750 million.
SFIA To Hold 18th Annual National Health Through Fitness Day
Herschel Walker will serve as Honorary Chairman of National Health through Fitness Day, to be accompanied by a wide variety of professional and Olympic athletes.
Under Armour Selling First Apparel Made In The U.S.
Under Armour released its first collection of apparel made in the U.S. and out of UA Lighthouse, the Brand’s state-of-the-art innovation center for design and manufacturing in Baltimore.
Wilson Celebrates Serena Williams’ 23rd Grand Slam Victory
All proceeds from a commemorative edition racket honoring Serena Williams 23 Grand Slams will be donated to The Serena Williams Fund.
Vicis Adds NFL Mom To Coalition
Vicis, the startup football helmet maker, has added Lisa Ertz, the mother of NFL tight end Zach Ertz, to its coalition of advisors.
Hydro Flask Named 2016 National Best And Brightest In Wellness Award
Hydro Flask was named the 2016 National Best and Brightest In Wellness®Award from the National Association for Business Resources (NABR).
Nike CEO Mark Parker Protests President Trump’s Immigration Ban
Mark Parker, CEO of Nike Inc., wrote an open letter condemning President Donald Trump’s executive order to halt immigration from certain Muslim countries and promising to support brand endorser Mo Farah.
Asics Reopens Tokyo Flagship
The new concept is centered on the Asics ‘Sound Mind, Sound Body’ philosophy and offers consumers a fully integrated sports experience.
Tyr Sport Signs Ryan Lochte
Lochte’s seven individual Olympic medals are second all-time in the sport of men’s swimming.
Finish Line To Exit JackRabbit
The Finish Line, Inc. announced a plan to exit the unprofitable JackRabbit business, formerly Running Specialty Group. The company has entered into a definitive agreement with affiliates of CriticalPoint Capital, LLC, a Los Angeles based private investment firm.
Travis Campbell Becomes Smartwool’s Brand President
Campbell most recently served as president and CEO of Far Bank Enterprises, an integrated manufacturer and distributor of fly fishing products and owner of the Sage, Redington, and RIO brands.
Performance Sports Group To Be Sold To Sagard Capital And Fairfax Financial
Performance Sports Group Ltd said it would seek approval from a U.S. bankruptcy court for the sale of its assets to Sagard Capital Partners LP and Fairfax Financial Holdings Ltd after it failed to attract other bids in an auction process.
Nike Still Working Closely With Tiger Woods
Despite news that Tiger Woods reached a partnership with TaylorMade for golf clubs, Nike is still working closely with the golf legend on golf shoes.
SFIA Debuts Start-Up Workshop At Litigation, Regulatory & Risk Management Summit
The ‘Start-Up Workshop’ will provide an interactive platform for startups to receive insight from established sports & fitness brands and legal experts attending 2017 LR2MS.
