Sporting Goods Industry News for September 27, 2021
IFIT set a price range of $18 to $21 per share for its initial public offering that was announced Sep. 1, in which it is selling up to 35,384,615 Class A shares including an underwriters’ overallotment.
The Famous Footwear parent is preparing for supply chain issues to persist for at least a year, telling the Shareholder Equity Conference the company aims to stay agile until the back half of ’22 or early ’23 before things start to normalize.
SLBG has agreed to buy GAMEFACE.AI, which has developed an artificial intelligence technology that extracts performance analytics from sports video, for $24 million.
DS Sports Ventures-backed BaseballCloud, which makes software for analyzing baseball and softball performance metrics, has acquired the optical tracking company and will incorporate Yakkertech’s technology into its product suite.
Easton claims that Juno Athletics, Monsta Athletics and Proton Sports are infringing on its patent no. 6,997,826 for double-walled, composite baseball bats, in three separate suits filed in S. FL, Cen. CA, and AZ federal courts.
An IL District Court has dismissed with prejudice a proposed class action suit over Skechers Energy Lights sneakers.