Done Deals: ABG Is Set to Acquire Eddie Bauer + More FN Staff
May 7, 2021:
SPARC Group LLC announced that it would acquire
Eddie Bauer from the Golden Gate Capital-owned PSEB Group. ABG will own the outdoor brand’s intellectual property, and its core operating business will become part of the SPARC portfolio. The transaction is expected to close by June 1. “The addition of Eddie Bauer introduces a new and highly differentiated expertise to the SPARC organization,” SPARC CEO Marc Miller said in a statement. “The brand pushes the boundaries of technical innovation and performance with award-winning outdoor product offerings, bringing an entirely new component to our fashion and lifestyle brand portfolio.” International growth will be an important part of Eddie Bauer’s new brand strategy, with near-term launches in China and Korea as well as opportunities in the Latin America, Europe and Asia-Pacific regions.
Done Deals: VF Unloads 9 Work Brands + Nobull’s New Equity Partner FN Staff
Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at web@footwearnews.com.
April 28, 2021: VF Corp. said it is selling the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company. The group of brands includes Red Kap, VF Solutions, Bulwark, Workrite, Walls, Terra, Kodiak, Work Authority and Horace Small. (The sale does not involve the Dickies and Timberland Pro brands.) “The sale of our occupational work brands reflects our continued focus on transforming VF into a more consumer-minded and retail-centric enterprise while further simplifying our portfolio and operating model. We are pleased to have reached this agreement with Redwood Capital Investments. They are an ideal owner to guide these brands and businesses into their
Pickleball seeing boost in the United States during COVID-19 pandemic Thursday, 11 February 2021
Coronavirus has helped the sport of pickleball continue its participation growth across the United States, with more schools playing in a time of social distancing.
Pickleball, a racquet sport that is a mix of badminton and table tennis, is played on a court half the size of a tennis court. Compared to other sports where you have a lot of contact with each other, in pickleball you re very rarely getting close to each other, said USA Pickleball representative Laura Gainor. You see everyone keeps a safe distance on the court, so you re for the most part keeping that six-feet of separation.
Nike Pickleball Camps Announces Partnership with #1 PPA Player, Simone Jardim
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US Sports Camps has added Simone Jardim as a director for the newly announced Nike Pickleball Camps.
Simone Jardim, the #1 ranked female player in the Professional Pickleball Association Standings.
Simone’s camps will provide pickleball players of all skill levels the opportunity to come and improve their skills with fun, passionate staff at beautiful locations. SAN RAFAEL, Calif. (PRWEB) February 09, 2021 With pickleball booming in the U.S., Jardim looks forward to offering multiple camp sessions at different locations across the country.
Jardim joins Nike Pickleball Camps with an outstanding reputation as one of the most well-known names in the pickleball world. “We couldn’t more excited about running camps with Simone,” says Matt Kurlander, Vice President of Nike Pickleball Camps, “Simone’s camps will pro
Trilogy® by Shea Homes® Announces 2021 Sponsorship with Professional Pickleball Association (PPA)
Enhancing Role in Fast-Growing U.S. Sport, National 55+ Leader Named Official Homebuilder Sponsor
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®, a leading 55+ and resort community developer, today announced the brand s sponsorship with the Professional Pickleball Association (PPA), one of the foremost organizations in the country s fastest growing sport.
The PPA offers amateur through professional tournaments, with 14 tournaments on the 2021 schedule some of the largest and highest-paid tournaments in pickleball s history. The PPA Championships of 2020 in Las Vegas The organization s first tournaments started in 2019 and it has since welcomed an average of 200-300 players in the professional division and more in the amateur division. PPA hosts tournaments in California, Utah, Florida, Georgia, Texas, Arizona, Colorado, New Mexico, Nevada and Toronto.