Sporting Goods Industry News for January 24, 2022
Kohl’s stock jumped 32% by noon Monday after the pressured retailer confirmed receipt of at least two takeover bids following a weekend of media speculation.
After last week’s multiple reports that Peloton was suspending production and planning layoffs, as it seeks to right size its business due to declining demand, shareholder Blackwells Capital sent a harshly worded letter to the PTON board.
Kohlberg Kravis Roberts is offering €58.00 in cash per share, or total consideration of about €1.56 billion ($1.77 bb), for the Dutch owner of the Raleigh, Ghost, Haibike and several other bicycle and e-bike brands.
The Callaway-owned apparel brand had redesigned its logo and revealed a new strategic brand reset with its fall/winter 2022 collection around the tagline, “We Live to Discover.”
The former MacNeill Pride Group has made its first acquisition since rebranding to Gathr Outdoors, adding Cascadia Vehicle Tents.
Joining Nike, Adidas, and Puma, NB filed trademark applications to extend its brand into virtual merchandise and services, including virtual sneakers, apparel, sports bags, equipment and accessories.