Goods Sale OL http://goodssaleol.com/ Fri, 22 Oct 2021 10:05:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://goodssaleol.com/wp-content/uploads/2021/10/goods-sale-ol-icon-150x150.jpg Goods Sale OL http://goodssaleol.com/ 32 32 Crocs grows dramatically even amid supply chain challenges https://goodssaleol.com/crocs-grows-dramatically-even-amid-supply-chain-challenges/ https://goodssaleol.com/crocs-grows-dramatically-even-amid-supply-chain-challenges/#respond Thu, 21 Oct 2021 16:14:53 +0000 https://goodssaleol.com/crocs-grows-dramatically-even-amid-supply-chain-challenges/

Dive brief:

  • Crocs once again exceeded expectations, with a third quarter 73% revenue growth year-on-year to $ 626 million. Digital sales grew almost 69% and accounted for 36.8% of all revenue.
  • Direct revenues to consumers increased by 60.4% while wholesale revenues increased by over 88%. Operating profit more than doubled to $ 203.1 million, company statement says
  • This came even as the clog brand faced plant closures in Vietnam and “and widespread disruption of the global supply chain.” For the quarter, the company made capital expenditures of $ 75 million on its supply chain to support its growth.

Dive overview:

Crocs had to overcome several supply chain challenges to maintain growth throughout the quarter. At the peak of its earnings release, the company called out supply chain disruptions, including Vietnamese plant closures.

Retailers and brands that ship out of Asia have also had to deal with clogged ports, limited containers and space on ocean carriers, and many other headaches making shipping slower and longer. expensive.

In a conference call Thursday, Crocs CEO Andrew Reese said the Vietnamese factories the company relies on were closed for several weeks during the quarter. They started operating earlier this month, although they are in “various stages” of a restart.

Crocs has worked to minimize the impact on its business by moving production, including to China, Indonesia and Bosnia, improving plant throughput, shipping by air freight, and adding capacity to ‘shipping to the east coast to the United States so that the company is not as reliant on West Coast Ports, according to the company and Reese. Additionally, Crocs has strategically allocated merchandise to key sales channels, including e-commerce and its largest retail customers.

Reese noted that Crocs’ simple basic product setup makes it easy to switch production if necessary, giving the company an edge in a disrupted manufacturing environment.

On the demand side, Crocs posted stellar financial results this year as comfort and casualness took center stage during the pandemic. The company also has a versatile marketing operation that capitalizes on limited editions and partnerships of all kinds. Just in the 3rd trimester, Crocs featured collaborations with cosmetics brand Benefit, clothing brand Free & Easy, influencer Bretman Rock and the reboot of the movie Space Jam.

Despite bottlenecks in the global supply chain, Crocs expects 20% revenue growth this year. The company has set itself an ambitious goal of reaching $ 5 billion in revenue over the next five years, which implies an annual growth rate of 17% per year. Its long-term goal includes growing its digital channel so that it accounts for half of all sales.

Crocs, like other shoe brands Nike and Adidas, continues to grow sales through digital and DTC channels. The promise of the strategy is that brands can keep more margin to themselves through direct selling. A group of analysts from BMO Capital Markets questioned the strategy, believing that the switch to DTC sales can negatively impact sales and profits for brands.


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12 top tips for busy college students to stay in shape https://goodssaleol.com/12-top-tips-for-busy-college-students-to-stay-in-shape/ https://goodssaleol.com/12-top-tips-for-busy-college-students-to-stay-in-shape/#respond Thu, 21 Oct 2021 10:03:00 +0000 https://goodssaleol.com/12-top-tips-for-busy-college-students-to-stay-in-shape/

There are a lot of things that go against a student’s desire to stay healthy: stress, lack of sleep, fast food, alcohol, and a busy schedule. But getting in shape by juggling tons of schoolwork is far from an impossible feat.

Luckily, we’ve got the top tips that are perfect for students who don’t have a lot of spare time. Get your running shoes ready, it’s time to get in shape! ??

1. Download a training app 📱

No time to go to the campus gym? Download a workout app so you don’t have to! Whether you want to access free workout routines or pay for an all-in-one fitness tracker, there are plenty of apps out there that can give you what you need.

Many apps let you use their content for free, but you can also pay a small fee (monthly or annually) to get more premium services, such as personalized training, meal plans, and more exercise videos. long.

2. Subscribe to a YouTube Fitness channel 📺

Getting a personal trainer or a bespoke program may be too expensive for your student budget, but that’s why you have media platforms like YouTube to the rescue.

Determine what type of exercise you want to follow, enter the right keywords (like beginner, intermediate, weight loss, cardio, or yoga) into the search bar, and you’re ready to work out in the comfort of your my room. .

3. Study while you exercise 📘

If a busy school schedule is preventing you from reaching your fitness goals, why not do both at the same time? Take your notes with you to the gym, search for an available treadmill or stationary bike, place your notes in front of you and get started with the ultimate student fit combo: memorize and exercise!

This way, not only are you training your mind, but your body can also stay in great shape. Don’t forget to invite a few friends to join you (as long as you can convince them!).

There are many ways to maintain a healthy lifestyle while meeting the challenges of college.. Photo: Jonathan Borba / Unsplash

4. Try exercises suitable for dormitories 🧘‍♀️

Is laziness hitting a little too hard today? There are exercises in small spaces that you can easily do anywhere in your dormitory.

Choose from aerial squats, lunges, push-ups, planks, high knees, and wall seating to build your routine (you can even use some of your furniture as equipment and then increase the reps). A quick Google search and you’ll also see tons of videos detailing other easy exercises you can do in the comfort of your own space!

5. Apply for an active part-time job 🚴

Having a job that prompts you to be active – whether it’s serving tables, running errands, tidying up shelves, or delivering food and goods by bike – is definitely a good decision. Consider going with side activities like being a campus tour guide for prospective students, a nanny for high-energy kids, or even a line cook in a fast-paced kitchen.

Hours of sitting down for class won’t do your body any good, so find something that will push you to use certain muscles. In addition, you earn money!

6. Find a fitness partner 🤼

Losing weight won’t seem so exhausting if you have a few buddies with you! Seeing familiar faces at the gym gives you the motivation you need to stick to your workout routine (and work even harder with every workout).

Ask willing friends to list their own goals, then become everyone’s support system. If you notice he’s straying from the track (or vice versa), give him a little nudge and remind him of his goal. You can even make it a competition to raise the bar and help you be even more motivated to be healthy.

two women exercising
Working together doubles the fun. Photo: Luna Active Fitness / Unsplash

7. Choose to walk wherever you can 🚶‍♂️

Giving up your car or public transportation in favor of walking on campus is a great way to get started. Whether you’re doing a run, going to a party, or just coming home from a tiring day, choosing to walk can do wonders for your endurance and focus!

Additionally, busy students determined to be fit may be more successful if they incorporate exercise into their daily activities. Remember to buy comfortable shoes. ??

8. Define a schedule ⏰

Plan your day around your exercise schedule so that you don’t run into too many obstacles that might keep you from breaking a sweat. If you prefer to work out in the morning, pick a time slot that will allow you to squeeze into a full session ahead of time.

On the other hand, if you only have time in the evening, you can do a workout after class and before other activities that might exhaust you both physically and mentally, such as homework.

9. Make the most of campus resources 🏋

Yes, your campus life may be the ultimate nemesis in your fitness journey, but that doesn’t mean it’s all bad. There are tons of benefits inside (and outside) campus that you can use to help you get leaner and healthier.

If tuition gives you access to a fitness center, motivate yourself by signing up for various exercise classes. Or, if you are allowed to, why not enroll in optional physical education classes, as college credits are a great motivation to be more active. If that’s not possible, look for nearby parks and gyms, as well as amateur sports clubs. It can also be a great way to make new friends!

10. Stock up on healthy snacks 🥑

When students are stressed out (or have a hangover), there is nothing more comforting than junk food. Chocolate bars, sodas, fatty cheeseburgers, and salty chips – they all look delicious, but they’re not exactly good for you.

Of course, we’re not suggesting that you give it all up (all in moderation!), But it’s best to have some healthy snacks on hand before you get hungry. Go for trail mix, granola bars, and fruit instead of chocolate and if you want something heavier, slice up cucumbers, carrots, and celery and eat it with hummus.

girl-holding-orange-half-up-like-eyes
Keep an eye out for healthy snacks. Photo: Miksturaproduction / Freekpik

11. Eat small portions regularly 👨‍🍳

Going for hours without eating will always backfire. The longer your stomach goes empty, the more likely you are to overeat later. This is why you should never shop while you are hungry because you could end up buying everything you see!

It is not a good idea to starve or starve yourself. The trick is to control your portions and be more careful about what you put in your body. But if you want dessert, go for it.

12. Get enough sleep 🛌

Getting a good night’s sleep is an important factor in living a healthy lifestyle, but it might not be easy to get it once you’re a student. Here are some more tips to make sure you have seven hours when you can:

Turn off your devices at night

There has been substantial research proving that fluorescent and LED lights from your devices, such as phones and laptops, prevent or delay the natural production of melatonin, reducing the feeling of drowsiness. You might want to put your phone or laptop down an hour before bed or turn your phone on night mode so you can always listen to music before bed.

Use darker curtains

For many people, having just a little light in their bedroom can completely disrupt their sleep. You may want to invest in darker, thicker curtains that can direct sunlight away from your face so you can sleep more, especially on the weekends. However, you should always have an alarm ready so you don’t miss a morning class or run!

Reduce caffeine intake after lunch

Don’t drink too much coffee in the afternoon or evening. Depending on the choice of coffee and its size, some people will still experience the effects of caffeine at night. So if you’re not really drunk for a review or writing late work, it’s best to stick with decaffeinated.


College life can get pretty chaotic, but there’s no reason you should miss taking care of yourself. Stick to your diet, build a great support system, ask for help every now and then and you are on your way to being in peak shape!


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A brief history of the most iconic sneaker technologies ever created https://goodssaleol.com/a-brief-history-of-the-most-iconic-sneaker-technologies-ever-created/ https://goodssaleol.com/a-brief-history-of-the-most-iconic-sneaker-technologies-ever-created/#respond Thu, 21 Oct 2021 03:35:00 +0000 https://goodssaleol.com/a-brief-history-of-the-most-iconic-sneaker-technologies-ever-created/

Finally, adidas. In 1985, they created the adidas APS (Anti-Pronation and Shock Absorption System); where you can toughen or soften the midsole padding by turning a yellow wrench. Innovative at the time, hopefully this is something that can be resurrected for modern running shoes… maybe less the key.

Move on to 2013, and a real game changer arrives; To reinforce. Created by expanding TPU particles to form closed cells around air pockets (don’t worry, I don’t really understand this part either); Boost puts adidas at the forefront of running again – and quickly. It has five main advantages. That’s a lot considering the singular advantages of a lot of other sneaker technologies on the market. Boost offers comfort, it is designed to withstand a wide range of temperatures, it is durable, flexible and last but not least, it provides substantial energy return. All of these components, working in harmony, created pioneering technology that will last a very, very long time. Oh, and Kanye West is a fan.

APS, Boost and in the future… well Futurecraft to be exact. The Adidas Futurecraft 4D was created in 2017 and its midsole is made using “Digital Light Synthesis” as adidas calls it. The liquid is 3D printed to create a lattice-shaped midsole, and adidas can tailor it to an athlete’s individual needs. If this is something that can be streamlined and delivered for the mass market, while still delivering a high level of performance, it will be an incredible triumph in sneaker technology, minimizing supply chains and making creating a more sustainable process, without compromise. In an effort to generalize individualization, the Futurecraft 4D could be the catalyst that will completely change the way we buy sneakers.

Of course, you might have read this far and thought to yourself “Has he forgotten about adidas Torsion?” ASICS GEL? Saucony Grid? What about those Nike with the pump that were the size of space shoes? ” Nope. I didn’t forget any… especially the Nike Air Pressure! They all deserve their share, and they will get it.


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LeBron, fighting COVID is a team sport, that’s why you need to speak up: Eric Foster https://goodssaleol.com/lebron-fighting-covid-is-a-team-sport-thats-why-you-need-to-speak-up-eric-foster/ https://goodssaleol.com/lebron-fighting-covid-is-a-team-sport-thats-why-you-need-to-speak-up-eric-foster/#respond Wed, 20 Oct 2021 09:34:00 +0000 https://goodssaleol.com/lebron-fighting-covid-is-a-team-sport-thats-why-you-need-to-speak-up-eric-foster/

Cleveland Cavaliers forward LeBron James greets fans during the June 20, 2016 parade in downtown Cleveland to celebrate and honor 2016 NBA Champion Cleveland Cavaliers. In his column today, Eric Foster urges LeBron to use his inordinate influence again – this time in the name of public health and safety, by urging others to join him in getting vaccinated against COVID – 19. (Joshua Gunter, cleveland.com) The simple merchant

ATLANTA – I’m a huge LeBron James fan. And I have been one for a long time. I remember being amazed by this high school student who seemed to be playing basketball like he had been playing it for 30 years. He always seemed to have a head start, as if he somehow knew what was going to happen before us. This gift made him a passing wizard. What made it even more breathtaking was that this gift was in the body of an 18 year old who was 6 feet 8 inches tall and 240 pounds. He was something we had never seen before. He was the future of basketball.

Few high school athletes live up to the hype. LeBron was one of those few. He had an NBA career that every basketball player dreams of. Individual distinctions. Championship titles. This put him in the conversation of the greatest basketball player of all time. And he still hasn’t finished.


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Shop Lauren Eggertsen’s entire wardrobe – shoe closet included https://goodssaleol.com/shop-lauren-eggertsens-entire-wardrobe-shoe-closet-included/ https://goodssaleol.com/shop-lauren-eggertsens-entire-wardrobe-shoe-closet-included/#respond Wed, 20 Oct 2021 07:30:25 +0000 https://goodssaleol.com/shop-lauren-eggertsens-entire-wardrobe-shoe-closet-included/

editorial director of Who What Wear, Lauren Eggertsen, understood the mission when she moved from her shared apartment in New York to a one-bedroom apartment in Los Angeles with five cupboards.

No, this is not an exaggeration.

From an entire shoe closet (we’re showing it off in our next apartment) to his epic collection of statement coats, Eggertsen’s wardrobe is full of stylish basics that will last a lifetime.

Not only are we jealous that Eggertsen is able to devote an entire closet to sneakers, boots, and heels, but she’s also broken her wardrobe into thoughtful categories, which makes sorting easier. Sweatshirts and outerwear live in one closet; dresses in another; separates in the third; shoes in the fourth; and her long “New York life” coats which she will never part with in the fifth.

Are you still jealous of all the storage space?

Eggertsen’s collection includes a superb Bottega Veneta bag she literally shed tears on when she bought it. “It’s just one of those iconic designer pieces that you invest in and keep forever,” she says.

Eggertsen cherishes her brand new designer pieces, but she also loves to hang second-hand pieces, like some ’70s-inspired Prada pants that she bought on The RealReal. “I wear them with just a white tank top and my Converse and it’s over,” she adds.

Oh, and Eggertsen doesn’t just own any Converse-she owns of them pairs that A $ AP Rocky has even been spotted wearing with flames on the sides.

There is no doubt about it: Eggertsen’s wardrobe is really on fire.

Fancy Eggertsen’s wardrobe? Shop some of our favorites below!

Sleeper Beautiful linen dress ($ 196)

No wardrobe is complete without a hint of cottagecore.

Drew House Sweatshirt ($ 170)

Eggertsen just might be Justin Bieber’s number one fan with his Drew House sweatshirt collection.

Suzanne Alexandra Merry bag ($ 325)

Eggertsen really knew about Susan Alexandra bags before they were famous.

With Jean Hermana dress in Viola Tricolor ($ 259)

We understand why With Jean is Eggertsen’s essential dress brand.

Converse 70s Hi Archive Print Flames ($ 120)

Don’t ask Eggertsen how many pairs of Converse she owns …

Who What to Wear Collection Cristina spaghetti strap button-down dress ($ 159)

While Eggertsen’s favorite white Who What Wear x Target dress is sold out, our easy-to-wear Who What Wear Collection linen dress is the perfect fit.

Maria luca Sandals Anicia ($ 630)

Because all shoes need their own accessories.

Following: 42 things worth buying from Shopbop, Nordstrom and H&M

This article originally appeared on Who what to wear

Read more about Who What Wear


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LeBron James tops Forbes list of highest-paid NBA players for 2021-2022 https://goodssaleol.com/lebron-james-tops-forbes-list-of-highest-paid-nba-players-for-2021-2022/ https://goodssaleol.com/lebron-james-tops-forbes-list-of-highest-paid-nba-players-for-2021-2022/#respond Sun, 17 Oct 2021 02:53:09 +0000 https://goodssaleol.com/lebron-james-tops-forbes-list-of-highest-paid-nba-players-for-2021-2022/

LeBron James is the highest-paid player in the NBA for the 2021-22 season, taking first place for a record eighth consecutive year.

James at the top of Forbes list of the highest paid NBA players, the Los Angeles Lakers star is expected to earn $ 111.2 million, $ 41.2 million from his NBA salary and $ 70 million from his various off-court businesses.

The 36-year-old is making $ 32 million from it thanks to his lucrative deal with Nike, a “skin” in the popular video game Fortnite and a recent investment with home fitness company Tonal.

James also starred in Space Jam: A New Legacy, which grossed $ 161 million at the box office, produced by his media and entertainment company “The SpringHill Company”. According to Forbes, James and his business partner Maverick Carter recently sold a minority stake in the company to a group of investors, including RedBird Capital Partners, Fenway Sports Group, Nike and Epic Games for a valuation of approximately $ 725 million.

His $ 111.2 million is a new NBA earnings record, breaking the previous record of $ 96.5 million set by James last season and he is only the 10th athlete to surpass $ 100 million in one single year, joining Lionel Messi, Cristiano Ronaldo, Neymar, Dak Prescott, Tiger Woods, Floyd Mayweather Jr., Manny Pacquiao, Roger Federer and Conor McGregor.

Golden State Warriors goalie Stephen Curry is the second highest paid player on the NBA list at $ 92.8 million, while Brooklyn Nets star Kevin Durant comes in third with $ 87.9 million. dollars.

Check out the full top 10 list here:

RANK PLAYER TOTAL EARNINGS SALARY APPROVALS
1. James lebron $ 111.2 million $ 41.2 million $ 70 million
2. Stephen curry $ 92.8 million $ 45.8 million $ 47 million
3. Kevin Durant $ 87.9 million $ 40.9 million $ 47 million
4. Giannis Antetokounmpo $ 80.3 million $ 39.3 million $ 41 million
5. Russell westbrook $ 74.2 million $ 44.2 million $ 30 million
6. James harden $ 62.3 million $ 44.3 million $ 18 million
7. Damien lillard $ 56.3 million $ 39.3 million $ 17 million
8. Klay thompson $ 54 million $ 38 million $ 16 million
9. Paul Georges $ 47.8 million $ 39.3 million $ 8.5 million
ten. Jimmy butler $ 47 million $ 36 million $ 11 million


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LeBron James’ SpringHill company valued at over $ 725 million https://goodssaleol.com/lebron-james-springhill-company-valued-at-over-725-million/ https://goodssaleol.com/lebron-james-springhill-company-valued-at-over-725-million/#respond Sat, 16 Oct 2021 19:47:13 +0000 https://goodssaleol.com/lebron-james-springhill-company-valued-at-over-725-million/

It’s good to be the king. Lakers preseason losses aside, LeBron James has had a good month. First, Nike opened its LeBron James Center, then The Swoosh joined a series of top investors to increase the valuation of the company he co-founded.

The SpringHill Company, so named for the Akron apartment complex in which teenage James lived, is the brainchild of James and his childhood friend, Maverick Carter, who are chairman and CEO, respectively. It was formed in 2020 as a result of the amalgamation of a trio of companies that James and Carter had previously founded.

At the end of last week, a group of investors including Nike, Fortnite creator Epic Games and the owners of the Boston Red Sox have finalized the purchase of a minority stake in SpringHill that values ​​the company at around $ 725 million.

James himself, for what it’s worth, is valued at around $ 825 million.

Right now, SpringHill is primarily focused on entertainment: it recently produced the Space Jam: a new legacy and oversaw projects like Netflix’s Boy’s Top restart and the ThomaHawk Podcast.

But SpringHill also produces clothing through Uninterrupted and has a consultancy branch called ROBOT. These types of projects are the focus of SpringHill’s recent investment campaign.

SpringHill hopes to leverage the strengths of partners like Nike and Epic, in particular, to increase its reach in fashion and games. Redbird Capital Partners, another of the new investors, has a large portfolio of media and sports partners that SpringHill seeks to tap into, Carter told Bloomberg.

“We got real traction and understand that emotion and a feeling of empowerment are needed,” Carter said. “The thing I know, which is emotional storytelling, and doing it with the thread of empowerment, is vital.”

This mentality inspired SpringHill’s efforts like “These Hands,” a short film created for Proctor & Gamble that focuses on black professionals outside of sports.



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LeBron James’ Hollywood company valued at $ 725 million in new deal https://goodssaleol.com/lebron-james-hollywood-company-valued-at-725-million-in-new-deal/ https://goodssaleol.com/lebron-james-hollywood-company-valued-at-725-million-in-new-deal/#respond Sat, 16 Oct 2021 11:26:15 +0000 https://goodssaleol.com/lebron-james-hollywood-company-valued-at-725-million-in-new-deal/

LeBron James’ Hollywood ambitions are at a major financial stalemate.

James’ entertainment company SpringHill Co. secured private equity investment to fuel the Los Angeles Lakers star’s growth in film, television, video games, consumer products and events live.

SpringHill Co. announced Thursday it has reached an agreement with a group led by New York-based RedBird Capital Partners to acquire a significant minority stake in the company, known for shows such as “The Shop” on HBO and the recent Warner Bros. movie “Space Jam: A New Legacy.”

Participants in the deal include Boston Red Sox owner Fenway Sports Group, clothing brand Nike and maker of “Fortnite” Epic Games. The deal values ​​Los Angeles-based SpringHill at $ 725 million.

Other financial details of the deal were not disclosed, but people familiar with the terms said the RedBird-led group would own nearly half of the company and invest nine-figure capital to grow the business, with potential for more money later. to. James, who is the company’s chairman, and chief executive officer Maverick Carter, will still hold a controlling stake.

Carter, a longtime friend of James from their Akron, Ohio, days who has handled the star’s business relationship for years, said the infusion of capital will allow SpringHill to produce more of its own content, than invest in new intellectual property and acquire other businesses, including production companies.

“We will be able to fund our own projects,” Carter told Zoom. “We’re going to develop our physical industry so that we can finance and control the production of the things that we make. So when we talk about empowering creators, we can really let the creators control it.”

The company plans to surpass $ 100 million in revenue over the next 12 months, according to Carter, up 67% from the past 12 months, when SpringHill generated around $ 60 million in sales.

Last year, Carter and James raised $ 100 million for SpringHill from investors such as Sister, the production company of Elisabeth Murdoch, Stacey Snider and Jane Featherstone, and Guggenheim.

The SpringHill deal is the latest large-scale investment in a production company amid a gold rush for content in the entertainment industry. Media companies crave content to create streaming services with new shows and movies.

Hello Sunshine from Reese Witherspoon, the entity behind ‘Big Little Lies’, received a majority investment in August from the company formed by former Disney executives Kevin Mayer and Tom Staggs and private equity giant Blackstone, valuing the company to over $ 900 million. Amazon is trying to acquire Metro-Goldwyn-Mayer Studios, producer of James Bond, for $ 8.45 billion, pending regulatory approval.

“Moonlight” producer A24 and “Dune” studio Legendary Entertainment have all been the subject of recent deal speculation.

SpringHill was a logical solution for RedBird Capital, founded in 2014 by former Goldman Sachs partner Gerry Cardinale, who has known Carter and James for over a decade.

RedBird is heavily invested in sports and entertainment, with a portfolio that includes investments in YES Network, the New York Yankees regional sports network; Skydance Media by David Ellison; and XFL, which she owns with Dany Garcia and Dwayne Johnson. RedBird is also a shareholder of Fenway Sports Group, which, in addition to the Red Sox, owns Liverpool Football Club and Boston’s Fenway Park. James and Carter became partners at Fenway earlier this year.

SpringHill has been in talks since at least July. Fenway was in talks with SpringHill when he brought Cardinale to the table, Carter said. Cardinale quickly saw the potential to grow SpringHill’s business, and a deal was struck in just a few months.

“The goal is to create a diverse, multi-billion dollar culture and content company, and I think that puts it in a pretty unique position,” said Cardinale, Founder and Managing Partner of RedBird. “It’s not just capital; it’s listening to Maverick and LeBron in terms of what they want to build, where they’ve taken the business from start to today, and then say what the path is. potential. “

The pact is the latest push for SpringHill, which was already one of the best-known of a handful of content companies started by sports stars. Stephen Curry of Golden State Warriors co-founded investment and media firm Thirty5 Ventures of Unanimous Media and Kevin Durant of Brooklyn Nets.


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LeBron James’ Hollywood company valued at $ 725 million in new contract https://goodssaleol.com/lebron-james-hollywood-company-valued-at-725-million-in-new-contract/ https://goodssaleol.com/lebron-james-hollywood-company-valued-at-725-million-in-new-contract/#respond Sat, 16 Oct 2021 11:26:15 +0000 https://goodssaleol.com/lebron-james-hollywood-company-valued-at-725-million-in-new-contract/

LeBron James’ Hollywood ambitions are at a major financial stalemate.

James’ entertainment company SpringHill Co. secured private equity investment to fuel the Los Angeles Lakers star’s growth in film, television, video games, consumer products and events live.

SpringHill Co. announced Thursday it has reached an agreement with a group led by New York-based RedBird Capital Partners to acquire a significant minority stake in the company, known for shows such as “The Shop” on HBO and the recent Warner Bros. movie “Space Jam: A New Legacy.”

Participants in the deal include Boston Red Sox owner Fenway Sports Group, clothing brand Nike and maker of “Fortnite” Epic Games. The deal values ​​Los Angeles-based SpringHill at $ 725 million.

Other financial details of the transaction were not disclosed, but people familiar with the terms said the RedBird-led group would own nearly half of the company and invest nine-figure capital to grow the business, with potential for more money later. to. James, who is the chairman of the company, and CEO, Maverick Carter, will still have a controlling stake.

Carter, a longtime friend of James from their Akron, Ohio, days who has handled the star’s business relationship for years, said the infusion of capital will allow SpringHill to produce more of its own content, than invest in new intellectual property and acquire other businesses, including production companies.

“We will be able to fund our own projects,” Carter told Zoom. “We’re going to develop our physical industry so that we can finance and control the production of the things that we make. So when we talk about empowering creators, we can really let the creators control it.”

The company plans to surpass $ 100 million in revenue over the next 12 months, according to Carter, up 67% from the past 12 months, when SpringHill generated around $ 60 million in sales.

Last year, Carter and James raised $ 100 million for SpringHill from investors such as Sister, the production company of Elisabeth Murdoch, Stacey Snider and Jane Featherstone, and Guggenheim.

The SpringHill deal is the latest large-scale investment in a production company amid a gold rush for content in the entertainment industry. Media companies crave content to create streaming services with new shows and movies.

Hello Sunshine from Reese Witherspoon, the entity behind ‘Big Little Lies’, received a majority investment in August from the company formed by former Disney executives Kevin Mayer and Tom Staggs and private equity giant Blackstone, valuing the company to over $ 900 million. Amazon is trying to acquire Metro-Goldwyn-Mayer Studios, producer of James Bond, for $ 8.45 billion, pending regulatory approval.

“Moonlight” producer A24 and “Dune” studio Legendary Entertainment have all been the subject of recent deal speculation.

SpringHill was a logical solution for RedBird Capital, founded in 2014 by former Goldman Sachs partner Gerry Cardinale, who has known Carter and James for over a decade.

RedBird is heavily invested in sports and entertainment, with a portfolio that includes investments in YES Network, the New York Yankees regional sports network; Skydance Media by David Ellison; and XFL, which she owns with Dany Garcia and Dwayne Johnson. RedBird is also a shareholder of Fenway Sports Group, which, in addition to the Red Sox, owns Liverpool Football Club and Boston’s Fenway Park. James and Carter became partners at Fenway earlier this year.

SpringHill has been in talks since at least July. Fenway was in talks with SpringHill when he brought Cardinale to the table, Carter said. Cardinale quickly saw the potential to grow SpringHill’s business, and a deal was struck in just a few months.

“The goal is to create a diverse, multi-billion dollar culture and content company, and I think that puts it in a pretty unique position,” said Cardinale, Founder and Managing Partner of RedBird. “It’s not just capital; it’s listening to Maverick and LeBron in terms of what they want to build, where they’ve taken the business from start to today, and then say what the path is. potential. “

The pact is the latest push for SpringHill, which was already one of the best-known of a handful of content companies started by sports stars. Stephen Curry of Golden State Warriors co-founded investment and media firm Thirty5 Ventures of Unanimous Media and Kevin Durant of Brooklyn Nets.


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LeBron tops Forbes’ 2021-22 NBA profit list with $ 111.2 million https://goodssaleol.com/lebron-tops-forbes-2021-22-nba-profit-list-with-111-2-million/ https://goodssaleol.com/lebron-tops-forbes-2021-22-nba-profit-list-with-111-2-million/#respond Fri, 15 Oct 2021 18:08:19 +0000 https://goodssaleol.com/lebron-tops-forbes-2021-22-nba-profit-list-with-111-2-million/