In observance of the New Year’s holiday we will not publish SGI NewsWire on Wednesday, Dec. 31 or Thursday, Jan. 1. We will resume publishing on Friday, Jan. 2.

The Hong Kong-based sports apparel manufacturer and services provider filed with the SEC for an IPO of 2.5 million shares priced in the $5 to $7 range, translating to a market cap of $75 million at the mid-point.

Swinger International has inked an agreement to acquire sneaker and apparel brand Philippe Model Paris from 21 Invest for undisclosed terms.

Youngone Corporation increased its ownership in the Swiss bike brand to 96.71% after acquiring additional shares from the company’s second-largest shareholder and former CEO, Beat Zaugg, according to Korea JoongAng Daily.

Pacific Glory, which is owned by Taiwan’s Ideal Bike, is creating a U.S. distribution arm that will oversee sales and support for its Fuji, SE, and Tuesday brands.

Db hired fashion and lifestyle industry veteran and former Acne Studios exec Cecilia Ekroth as its new global VP of sales, bringing her global experience to its Stockholm headquarters.

The battle over the Bike+ mark continues as lawyers for World Champ Tech filed a petition for a writ of certiorari with the Supreme Court, asking the highest court to review the 9th Circuit’s July judgment in favor of Peloton over apps sharing the same name.

LULU’s founder, Chip Wilson, has launched a proxy contest seeking to gain influence on the company’s board as it searches for a new CEO, nominating former On Running co-CEO Marc Maurer, former ESPN chief marketing officer Laura Gentile, and former Activision CEO Eric Hirshberg as director candidates.

Following nearly two years of IPO and private sale rumors, a controlling stake in the Italian luxury sneaker brand is being sold to global investment firm HSG with participation from Singapore-based Temasek and its subsidiary True Light Capital.

Holiday 2025 is on track for a mid-singles sales gain with growth across channels according to Visa and Mastercard’s figures for the seven weeks from Nov. 1 through Dec. 31.

Compass Diversified’s sporting goods industry brands mostly underperformed in the second quarter, the company revealed in an SEC filing that was delayed by its Lugano segment fraud investigation.

Moody’s assigned Dick’s SG a Prime-2 short-term rating on its new $500 million commercial paper program, while affirming its Baa2 senior unsecured ratings and a stable outlook.

The parent company of Solo Stove, Chubbies, Isle, and Oru Kayak is eliminating its umbrella partnership C-corp. structure and establishing a single class of common stock to limit future liabilities tied to its Tax Receivable Agreement.

Ermenegildo Zegna Group has made a second, unspecified equity investment in Norda, the Canadian premium trail running footwear brand, reinforcing its long-term commitment to the company.

The women’s sportswear brand elevated its current chief marketing officer and board member, Suzanne Berg, to CEO, succeeding Goal Five co-founder Ann Kletz.

Paddletek Group is the name of the new parent company that will bring five brands under the same umbrella, including Paddletek, ProXR, Padeltek, and Yobow.

Americans plan to spend $60 billion in 2026 to support health, fitness, and exercise goals and New Year’s resolutions, according to a new survey from the Health & Fitness Association.

Tariff impacts and fears, combined with weak operating performance in many cases, sent public sporting goods companies’ average valuations down 14.3% on a weighted basis in local currencies last year.

Bain inked an agreement to acquire a 44% stake in South Korean company Echo Marketing, which owns activewear brand Andar, for KRW 216.6 billion ($150.1 mm) from its founder and another shareholder.

National Park recreational visits fell by 6% to 18,422,757 from 19,661,773 in Nov. and were down 3% year-to-date at 304,831,572 compared to 315,352,428.

The Eager Beavertons reached a settlement with three of the plaintiffs, including Kelly Cahill, in the long-running sex discrimination and gender pay inequity suit.