All Sporting Goods Intelligence articles in Volume 35, Issue 25+26+27 – Page 7
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News briefsPlanet Fitness secures $800m for strategic refinancing
Planet Fitness, Inc. announced that it has completed its previously announced refinancing transaction. The new series of securitized notes consists of $800 million of Class A-2 senior secured notes issued in two tranches: Class A-2-I senior secured notes with an expected redemption date of five years, a principal amount of ...
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News briefsSaudi Arabia’s PIF reportedly in talks to create new boxing league
The Public Investment Fund (PIF), the sovereign wealth fund of the Kindgom of Saudi Arabia, is “in discussions with multiple boxing stakeholders to create a league, potentially reshaping the competitive landscape of the sport,” Reuters has unveiled in an exclusive report. The discussions involve promoters like Matchroom Boxing and Golden ...
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News briefsCaleb Williams launches new investment firm
American football quarterback Caleb Williams is launching an investment firm named 888 Midas. The new entity will target “like-minded associations and select private equity, venture capital and real estate funding opportunities,” 888 Midas said in a statement. Williams is the first player selected in the 2024 National Football League (NFL) ...
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News briefsStockX halts 400,000 suspected fakes in 12 months
The online marketplace StockX reports in its Big Facts: The Verification Report, which covers the twelve months to May 31, 2024, that it used its verification methods to reject over 400,000 suspected counterfeit products worth almost $85 million. This is around 100,000 more counterfeits than in the previous year. In ...
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ArticleMarucci, Victus become official bats of MLB
Marucci Sports LLC, a wholly owned subsidiary of Fox Factory Holding Corp., has entered into a license agreement with Major League Baseball (MLB) to exclusively make its Marucci and Victus brands the official bats of MLB. In addition, the agreement provides for the exclusive rights to use MLB trademarks in ...
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ArticleNew CEO at FootBalance
Source: FootBalance Atul Midha Finnish company FootBalance, a leading provider of healthcare technology and customized insoles, has appointed Atul Midha as its new Chief Executive Officer, effective June 3. Midha joins FootBalance after a distinguished career that has included leadership roles at renowned companies such as Eton ...
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News briefsPuma to become main sponsor of Nürnberg Pride
Puma will continue to be the main sponsor of Christopher Street Day Nürnberg e.V., an organization that campaigns for the rights of the queer community in the metropolitan area of the German city of Nuremberg, and accompany it at a variety of events during the Nürnberg Pride weeks this July ...
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News briefsFootway Group hires new Group Marketing Manager
Source: Footway Group Marcus Gröning, new Group Marketing Manager at Footway Group. Footway Group strengthens the team by welcoming Marcus Gröning as the new Group Marketing Manager. With a solid background in marketing and branding, most recently as Head of Marketing & Brand within the Ellos Group, ...
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ArticleAn open letter on AI, and the advent of AI OS
More than a dozen current and former employees of some major AI companies have set up a website and published an open letter to companies in the industry on it. Titled “A Right to Warn about Advanced Artificial Intelligence,” the letter acknowledges AI’s potential benefits but seeks to underscore its ...
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ArticleAre compostable sneakers soon ready for mass production?
In late April, Puma announced it would make a commercial version of its Re:Suede 2.0 compostable sneaker. The brand created 500 pairs of its Re:Suede sneaker in 2021 as an experimental project, then asked volunteers to wear them for half a year to test comfort and durability. Now, the brand ...
