July 07, 2021 Authentic Brands Group Files for Public Offering
The licensor of sports brands including Airwalk, Spyder, Eddie Bauer, Prince, Tretorn, Tapout, and Volcom, as well as dozens of brands outside the active space, filed an S-1 for an initial public offering with the SEC. Gymshark Founder Takes Over As CEO
Gymshark co-founder and controlling shareholder Ben Francis will take the reins of the U.K.-based fitness apparel and accessories brand from current CEO Steve Hewitt on Aug. 1. Fleet Feet Names Jason Jabaut COO
The 186-door running specialty franchisor promoted Jabaut to chief operating officer from his current role as VP of e-commerce, as part of a company realignment to capitalize on the running boom. Hoyt Archery Elevates Zak Kurtzhals to President
The 90-year-old bowmaker promoted VP of operations, Zak Kurtzhals to company president, succeeding the retiring Randy Walk effective July 19. Wahoo Fitness Scores Equity Investment
Global private equity firm Rhône will make a significant equity investment in connected-fitness company Wahoo Fitness, the firm announced, with the transaction expected to be completed in Q3. Apparel Startup Raises $14.5 Million
Oros has secured $14.5 million in a Series A funding round, led by Elizabeth Street Ventures and Enlightenment Capital, with the funds earmarked for launching a performance apparel collection in 2022 based on emerging NASA technology. Phil Knight Donates Another $500 Million to Alma Mater
Phil and Penny Knight have come through with a second $500 million gift to the University of Oregon for its Eugene-based westside research campus, the Oregonian reports. Adidas Sues Thom Browne over Stripes
Fashion brand Thom Browne is the latest target of the Big a’s legal team, which has filed a suit in So. NY federal court over apparel designs featuring four parallel stripes.
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