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.