Corporate:
+++ Fanatics plans to issue a senior secured term loan of $500 million, earning BB- issuer credit rating from Standard & Poor’s, which criticized its “onerous” revenue sharing deals, but expects sales and profits to grow at a double-digit rate in the next years, thanks to its verticalization strategy
+++ Fenix Outdoor has sold its Brunton brand to some of its U.S. employees (more in The Outdoor Industry Compass)
+++ Decathlon has opened its first store in Western Canada in Calgary, accompanied by an automated warehouse serviced by 27 robots
Management:
+++ Aqualung appoints Tim Vidmar, a former executive of Fox Racing, as director of North American operations including demand planning, logistics, sales and technical services
+++ Saucony appoints a new senior vice president of global product, Brian Moore, a former Saucony employee who was most recently chief product officer at Tracksmith
DTC:
+++ Skechers is set to open a flagship store occupying 8,331 sqft. on Madrid’s Gran Via during the first half of 2022
Distribution:
+++ Slinger has reached an agreement with A&A Sport Total to distribute its Slinger Bag and future products in Romania
Legal & Institutional:
+++ Danish authorities are reintroducing a green pass to attend major sports events
Marketing:
+++ Decathlon Germany signs up as main sponsor of the BMW IBU World Cup Biathlon for the 2021/22 season
+++ Nike has signed a new long-term sponsorship agreement with the U.S. Soccer Federation, extending a partnership that began in 1995
+++ Duca del Cosma has signed a multi-year endorsement contract for its golf shoes with a 28-year-old LPGA Tour player from Malaysia, Kelly Tan
CSR & Sustainability:
+++ Canada Goose has received certification under the Responsible Down Standard (RDS) from the Textile Exchange for duck and goose welfare from farm to factory
