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SGB UPDATE

SGB UPDATE is the only continuously updated source for news for the Sporting Goods, Athletic Footwear, and Athletic Apparel markets.  This archive area is updated by our editorial team throughout the day as news breaks in the industry.  The SGB UPDATE newsletter is delivered each business morning via e-mail in either TEXT or HTML format.

Click any of the archive tabs above for more news by category of interest.

All BASIC subscribers can access posted articles free for seven days from publish date.  Once archived, articles can only be accessed with a PREMIUM or an EXECUTIVE subscription.

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The Latest News...

Bain Capital Acquires 50 Percent of Toms
Toms announced the signing of a definitive agreement to partner with Bain Capital, one of the world’s largest private investment firms, to accelerate the growth of the company and its giving programs around the world. Toms Founder and Chief Shoe Giver Blake Mycoskie will continue as visionary of the company and remain the 50 percent owner of Toms...(8/20/2014)

Cannondale Buys Stake in Slipstream Sports LLC
Cannondale will become part owner, title sponsor and technical bicycle sponsor for the U.S-based Sliptream Sports LLC's professional cycling team in 2015. Slipstream will manage team operations. Garmin, a key partner of Slipstream Sports since 2008, will remain a significant sponsor of the team in 2015. nown for its progressive anti-doping stance, Slipstream Sports has won the 2011 Paris-Roubaix, 2012 Giro d'Italia, 2013...(8/20/2014)

Cabela's Confirms Fall Launch of Icebreaker Co-branded Apparel
Cabela's confirmed it will launch a co-branded line of merino wool apparel base layers this fall with Icebreaker as reported by The B.O.S.S. Report June 11...(8/20/2014)

Fanatics Appoints Chief Technology and Product Officer
Fanatics, Inc., the world’s leading online retailer of officially licensed sports merchandise, announced Matt Madrigal has joined the company as chief technology and product officer. Based in San Francisco and reporting to Fanatics CEO Doug Mack, Madrigal will play a key role in shaping technology and mobile strategy...(8/20/2014)

TheClymb Among Sporting Goods Companies Named to Inc 500
The Clymb.com has reached sales of $64.5 million, according to Inc. Magazine’s 2014 Inc. 500 list, which includes seven companies that design, manuacture or sell athletic, fitness or outdoor recreation products...(8/20/2014)

Vestis Retail Group Completes Sport Chalet Acquisition
Vestis Retail Group, owned by funds advised by Versa Capital Management and operating Bob's Stores and Eastern Mountain Sports, announced the completion of its previously announced acquisition of Sport Chalet, the full-service specialty sporting goods retailer with 50 stores in the Western United States. Mark Walsh, Vestis CEO, said, "Sport Chalet strengthens our position in the active lifestyle and outdoor categories, provides scale from which to grow, and diversifies our geographic footprint"...(8/20/2014)

Conde Nast Sells Fairchild Fashion Media Brands
Penske Media Corporation has acquired the U.S.-based trade publishing assets of Conde Nast’s Fairchild Fashion Media unit, the parent company of business-to-business brands Women’s Wear Daily, Footwear News, Beauty Inc, M and the Fairchild Summits...(8/20/2014)

Respect You Universe Names Lululemon Vet to COO Post
Respect Your Universe Inc. named former Lululemon Athletica Inc. executives Manfred Vollmer as its chief operating officer. Manfred has 30+ years of international experience in retail, real estate, operations and strategic planning and marks the latest senior level executive to join the martial arts-inspired fitness apparel company...(8/20/2014)



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