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.