europa sports products bankruptcies

>> /PageMode /UseNone Europa offers approximately 7,000 products representing 280 of the industry's leading brands. NBA's Phoenix Suns sign new TV deal after broadcaster bankruptcy Lone Star operates six distribution centers located nationwide and is a portfolio company of Sheridan Capital Partners, a Chicago-based lower middle-market private equity firm. WebThey need to let go of the ones who take advantage and go through the motions or they will be bankrupt very soon. Each of these companies also join a rapidly expanding list of retail bankruptcies so far this year, which include restaurants and off-price clothing brands. About Europa Sports Products, Inc. /Prev 287229 For more information visit www.issn.net. With roughly 30 teams competing for the club, the Bend summer camps became a major draw under Bilanski, who charged around $150 in entry fees for the camps. 's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. 0000003152 00000 n Deloitte >> There is plenty of work to do off it. 0000008819 00000 n Europa Sports Products startxref /L 288711 A handful of coaches and roughly 120 players from the Timbers left last year to join Bilanskis new organization, Apex Futbol Club, cleaving the towns soccer community in half. The material on this site may Get the full list, To view Europa Sports Productss complete investments history, request access, Morningstar Institutional Equity Research, Chief Financial Officer & Chief Administrative Officer. 0000006373 00000 n Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Cision Distribution 888-776-0942 Please see our Privacy Policy. The virtual at-home fitness boom is here to stay and will usher in a new era of exercising that will last long after the pandemic subsides, experts say, https://www.gettyimages.com/detail/news-photo/james-valenti-miss-new-jersey-teen-usa-2014-valentina-news-photo/478920859?adppopup=true, close all of its New York City studios in April, Eugene Gologursky/Getty Images for Flywheel, John Nacion/SOPA Images/LightRocket via Getty Images. Everyone is shocked when it happens because they trust who is handling the money.. In a deposition with attorneys for the Timbers, Bilanski invoked her Fifth Amendment right more than 340 times. Clubs across many sports, including soccer, basketball and volleyball, rake in hundreds of thousands of dollars per year from registration fees, fundraisers, private Access your favorite topics in a personalized feed while you're on the go. For more information, visit www.lonestardistribution.com. stream Even before the allegations of embezzlement came to light, the lawsuit contends, Bilanski and a group of Timbers employees and team managers embarked on a campaign to undermine the organization, which was born out of tension with the board and its president, Hart. He had never heard of Bend before applying for the job, which drew more than 200 applicants after Bilanski was fired. Town Sports International the parent company of New York Sports Clubs and Boston Sports Clubs, among a number of other fitness chains filed for Chapter 11 bankruptcy on September 14, citing pandemic-related difficulties. After first announcing plans to close all of its New York City studios in April, Is youth sports next? A growing number of fitness and sporting goods companies are filing for bankruptcy, as the coronavirus pandemic continues to upend the entire retail industry. Her credentials energized one of the states largest clubs, and over the next five years, she received several pay raises that eventually bumped her salary up to $119,000 per year nearly $30,000 more than she made as a head coach at the University of Oregon. Brands listed failed to recover from temporary government-mandated closures to gyms and indoor fitness facilities earlier this year. Within months, another bombshell dropped: The club studied Bilanskis books and couldnt account for more than $80,000. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, said Lorin DeMordaunt, managing director and consumer and retail group lead, Deloitte Corporate Finance LLC, http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a, Deloitte's Women @ Work report reveals signs of progress, but much work remains to improve women's experiences in the workplace, Deloitte Named a Leader in Worldwide Hybrid IT Consulting and Integration Services by the IDC MarketScape. 0000004572 00000 n Claim your Free Employer Profile Website: www.europasports.com Headquarters: Charlotte, NC Size: 201 to 500 Employees Founded: 1990 Type: Company - Private Industry: Wholesale Revenue: $100 to $500 million (USD) Competitors: Unknown We try to force the issue and say hello, smile and say thank you for team dinners and such. Wayne Price kept a close eye on the action, taking a few of the 20 or so calls he receives each day as the new director of the Timbers. Equipment Finance Advisor, Inc. All rights reserved. PLEASE NOTE: A verification email will be sent to your address before you can access your trial. Kylie Jenner raises concerns about her family's "beauty standards" in a new episode of 'The Kardashians'. The number of bankruptcy declarations increased during all four quarters of 2022. Europa Sports Products Inc. : Cases :: Law360 "If it were not for COVID-19 and its devastating effects, we would not be filing for Chapter 11," 24 Hour Fitness CEO Tony Ueber said in a statement. His home has also been targeted because his mother is the former board president, according to court records. /O 74 Claim Bilanskis initial contract which ran for one year included profits for running camps for the Timbers, said Shore, who left the board before Bilanski was promoted to executive director. About Europa Sports Products, Inc. Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, << Europa Sports has played an instrumental role in this revolution since 1990, educating the sports community and distributing evidence-based nutrition that can enable athletes to train harder and recover faster. Menu options for Europa Sports Products Inc. Energy Drink Maker Says Monster Launched Smear Campaign, Co. Its draining the club, said Andy Fecteau, a Bend physical therapist whose three children competed for the Timbers and whose family used to be close with Bilanski. Europa Sports Partners Sometimes he plays video games online with his former teammates and they will tell him he should come play for Apex. Menu options for Europa Sports Products Inc. VITAL PHARMACEUTICALS, INC., a Florida corporation, d/b/a VPX v. Europa Sports Partners, LLC, Vital Pharmaceuticals, Inc. v. Europa Sports Partners, LLC, Debernardis et al v. IQ Formulations, LLC et al. 0000004251 00000 n 0000004943 00000 n >> europa sports products inc europa sports products europa sports products llc europa europa inc sports products inc Europa Sports Partners Global Presence Search All Employees For more information, visit www.investmentbanking.deloitte.com. 0000009152 00000 n "CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. Win whats next. Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Europa Sports has a strong track record of nearly 30 years of experience in the sports nutrition industry and works closely with manufacturers and key brand stakeholders to ensure efficient distribution of the highest quality products. For more information, visit www.investmentbanking.deloitte.com. For more information, visit www.sheridancp.com. /S 180 "The Europa and Lone Star teams have worked diligently to build companies that have established themselves as trusted resources within the health and wellness industry. Try our Advanced Search for more refined results, Searching articles in Europa Sports Products Inc /PDFDocEncoding 69 0 R By clicking Sign up, you agree to receive marketing emails from Insider Law360 provides the intelligence you need to remain an expert and beat the competition. There was a significant void in the nutritional sports sector as a result of the financial impact of the pandemic. Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth, and long-term advantage. Bilanski had coached the University of Oregons womens program for eight years, leaving as the schools all-time winningest coach. The lawsuit includes texts between Bilanski and Davin that mocked co-workers and also included vitriol for Hart, who served on the volunteer board for three years and whose 15-year-old son, Ethan Wheeler, is a rising star within the Timbers program. Based in Charlotte, NC, Europa Sports Products is recognized as an industry leader in the distribution of nutritional and sports supplements, sports drinks Both clubs are trying to move forward, but feelings are still raw. Scott's Motorsport Service & Repair Company News. Industry. The scandal has rocked Bends tightknit soccer community and has expanded beyond the accusation of embezzlement. 0000023549 00000 n The fracture can especially be felt during the public-school season in the fall, when players from both clubs are forced to compete side by side and parents must sit next to one another in the stands. They operate as big businesses but have sloppy accounting and murky financial oversight. Click here to login, Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters, Email (NOTE: Free email domains not supported). Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. I get so annoyed by that and just leave, he said. 0000093001 00000 n << Serving Asset-Based Lending Decision Makers. Adversary case 20-09059 12 Related [+] 14 : Complaint by The Finley Group, Inc. against Europa Sports Products LLC Fee Amount Helping Europa and Lone Star find a strategic partnership aimed at advancing their position as a market leader in the nutritional and sports supplements space was a rewarding experience, said Lorin DeMordaunt, managing director and Consumer and Retail Group lead, Deloitte Corporate Finance LLC. With a mutual focus on the advancement of science and research, the membership will further fuel Europa's ability to deliver evidence-based sports nutrition supplements across its nationwide distribution network. F--- these guys, he wrote in a text message cited in court records. trailer 71 0 obj WebIntellectual Property Securities Bankruptcy Competition Employment White Collar Legal Industry Access To Justice Law360 UK Pulse || See all sections || TAKE A FREE TRIAL The treasurer, David W. Wells, pleaded guilty to charges of theft in 2018 and received probation. CHARLOTTE, N.C., March 4, 2016 /PRNewswire/ --Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to Europa Sports Products, Inc. (Europa), a Charlotte-based wholesale distributor of sports and fitness supplements, in its merger with Lone Star Distribution (Lone Star), a portfolio company of Sheridan Capital Partners. At subsequent practices, Wheeler could hear his teammates whisper that he didnt deserve to be on the team because his mother was on the board, he said in an interview. We kept coaching our son the whole time. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. This is just parent-adult stuff you guys just go play, said Hunt, the parent whose son now plays for Apex. /Length 212 CHARLOTTE, N.C., Oct. 12, 2017 /PRNewswire/ --Widely recognized as two of the world's leading organizations dedicated to science-based sports nutrition and distribution of top health and sports supplements, Europa Sports Products and the International Society of Sports Nutrition (ISSN) announced today the next step in their collaboration, making Europa Sports a professional member of the ISSN. 2015-2015. The s--- that I can see on the google admin is crazy. These 7 Fitness Companies Have Filed for Bankruptcy The largest youth soccer club in central Oregon, the Timbers date back several decades as an informal local club and officially became an incorporated organization in 2005. Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.Youll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. This has put me back in an environment where I can really affect what is going on out there on the green., Legal and regulated in some states and banned in others, youth MMA is growing in popularity. Try our Advanced Search for more refined results, Searching cases in Europa Sports Products Inc Please visit europasports.com for additional detail. Certain services may not be available to attest clients under the rules and regulations of public accounting. Their collective knowledge of the consumer industry and transactional experience in the nutritional supplements space were key to the process, said Jeff Compton, co-CEO of the newly combined company. Selling Adulterated Weight Loss Supplements, Buyers Say, Nutrex, Supplement Co. Strike Deal In False Ad Suit. Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. Ethan said he is having the most fun playing soccer since joining the club six years ago. He was 34 when he was diagnosed with ALS. But there are still plenty of reminders of the split. We are all screwed as there is evidence of any file deletion or transfer. Very little interaction. CIT Northbridge Credit Arranges $40MM Credit Facility for Europa Sports Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member ofFINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. It is classified as operating in the 0000002497 00000 n I hear from parents, you know, severed relationships of a decade or more. Click here to login, Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters, Email (NOTE: Free email domains not supported). Bilanski and several former employees downloaded over 7,000 documents and edited, shared or deleted hundreds of documents from the Timbers Google Workspace IT systems in the 11 days after Bilanski was fired, according to the lawsuit; when the administrator told Davin she was removing certain files, Davin allegedly responded: Delete f---ing away.. Europa services mass market retailers, gyms, health food stores and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV. xref See Terms of Use for more information. 0000005429 00000 n Flywheel Sports filed for Chapter 7 bankruptcy on September 15 in an announcement that called for the permanent closure of all 42 of its spin studios around the country. /Type /Catalog Additionally, Please enable JavaScript to view the site. If she did indeed pocket the money God, thats so wrong on so many levels. In the past few months alone, reports of alleged financial misconduct and convictions of embezzlement have been reported across the country, underscoring a long-standing issue within the industry. 0000004009 00000 n I am so angry I want to stick it to these f---ers. OSullivans attorney did not respond to a request for comment. xAa,hN!dH"0K)V%( [`X:Q^j7r{8!`JoX2". IN THE UNITED STATES BANKRUPTCY COURT FOR THE WebIn the bankruptcy filing, the retailer said it anticipates closing all of its stores by June 30. 0000009459 00000 n For more information visit www.europasports.com. /Size 107 WebContact Us Regarding Your Company Profile All Companies Named EUROPA SPORTS PARTNERS, LLC Search All California Companies Learn About Our Pro Search Subscription Service The information on this page is being provided for the purpose of informing the public about a matter of genuine public interest. Bringing together the industry with science can only result in better products," said Dr. Jose Antonio, CEO and co-founder of the ISSN. This partnership also offers increased exposure to scientific studies, and stronger networking opportunities with industry leaders. A growing number of fitness companies have filed for Chapter 7 or Chapter 11 bankruptcy in recent months, after failing to recover from temporary government-mandated closures to gyms and indoor fitness facilities intended to prevent the spread of the disease. 0 Shelley PfaendlerPublic RelationsDeloitte+ 1 212 492 4484[emailprotected]. Europa Sports Products Inc. : Articles :: Law360 But by the summer of 2021, Bilanski had fallen out of favor with the clubs board of directors and many of its parents, and after stakeholders conducted a survey and determined she had not been performing her job duties satisfactorily, she was fired that August. 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map. AFI PARTNERS FORMS EUROPA SPORTS PARTNERS, AFI PARTNERS COMPLETES ACQUISITION OF GARSITE AND PROGRESS TANK, A TOOLBOX THAT'S WORKING TO GROW AMERICAN JOBS. 4, 2016 Deloitte Corporate Finance LLC (DCF) acted as the exclusive financial advisor to Europa Sports Products, Inc. (Europa), a Charlotte-based wholesale distributor of sports and fitness supplements, in its merger with Lone Star Distribution (Lone Star), a portfolio company of Sheridan Capital Partners. Europa Sports Partners corporate office is located in 11401 Granite St, Charlotte, North Carolina, 28273, United States and has 297 employees. Helping Europa and Lone Star find a strategic partnership aimed at advancing their position as a market leader in the nutritional and sports supplements space was a rewarding experience," said Lorin DeMordaunt, managing director and consumer and retail group lead, Deloitte Corporate Finance LLC. 24 Hour Fitness filed for Chapter 11 bankruptcy in June, announcing at the time that it would permanently shutter 130 of its gym locations in the US. Europa Sports Get 5 free searches. PLEASE NOTE: A verification email will be sent to your address before you can access your trial. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.sheridancp.com. Directory, Extended Site Deloitte Corporate Finance LLC Advises Europa Sports Products, Inc., in its merger with Lone Star Distribution, a portfolio company of Sheridan Capital Partners KeyBanc Capital Markets, City National Bank Arrange $225MM Energy Transition Debt Facility with Scale Microgrids, New York Community Bancorp Acquires $38B of Assets of Signature Bridge Bank from FDIC, Jefferies Arranges $130MM Term Loan for Danimer Scientific, CIFC Adds Kunz as Managing Director in Investor Solutions Group, Ares Commercial Finance Provides $31.2MM Credit Facility to Leading Manufacturer, Distributor of Home and Garden Equipment, Ares Management Closes $2.1B in Direct Lending Commitments in Q1, $23.5B in Last 12 Months, Oaktree Provides $250MM Term Loan Facility to Seres Therapeutics, Flux Power Renews $14MM Credit Facility with First Citizens Bank, 76% of Small Businesses Feel Well-Equipped to Survive a Recession, BofA Survey, Ocean Bank Provides $10MM Factoring Facility to Leading Specialty Repair Company, eCapital Healthcare Division Delivers Funding to Nine Healthcare Providers in Q1, First Citizens Bank Provides $16MM in Financing to FitLife Brands, Flatbay Funds $2.5MM Owner-Occupied CRE Bridge Loan for Serial Entrepreneur, Portage Point Bolsters Middle Market Investment Banking Practice with Addition of Waldman, Citizens Business Conditions Index Bounces Back in Q1, U.S. Census Bureau U.S. Department of Commerce, Full Report on Manufacturers' Shipments, Inventories and Orders - March 2022, What Asset-Based Lending Can Learn from AI in the Grocery Sector, Gibraltar Equipment Finance Built on a Solid Foundation and Ready to Roll, In Todays World, Many Companies are Taking a Hard Look at Their Liquidity, Events Lone Star operates six distribution centers located nationwide and is a portfolio company of Sheridan Capital Partners, a Chicago-based lower middle-market private equity firm. >> Robbie Duncan will serve as ESPs new Chief Executive Officer and Tony Todaro as its new Chief Financial and Administrative Officer. The company had originally laid off 98% of its staff temporarily in March as a result of the financial strain from the pandemic, and closed locations to prevent the spread of the virus. Liverpool will embrace Europa League if top-four tilt fails - Klopp The ISSN is also recognized by many Universities as offering the latest, cutting edge and non-biased information about the scienceand application ofsports nutrition and supplements. Europa will look to the ISSN for the latest scientific research in the category to insure that its customers get the very best products. As part of the filing, the California-based company will permanently shutter all 55 of its locations nationwide. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. Most kids were forced to have to choose, which is kind of sad. WebEuropa Sports Products, Inc. distributes health and sports supplements. Liverpool will take the chance to qualify for the Europa League as they look to squeeze everything out of a disappointing season, manager Juergen Klopp said ahead About Europa Sports Products, Inc.Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins, weight loss supplements, and meal replacements. 0000002026 00000 n Already a subscriber? He wanted to prove that he wasnt making a mistake by staying with the Timbers. She handed over her Timbers-issued laptop. 0000005855 00000 n /Type /XRef 0000001719 00000 n USA Rugby. Please see our Privacy Policy. As part of the bankruptcy proceedings, the company said permanent closures are slated to affect only company-owned locations which comprise 10% of Gold Gym's 700 locations around the world and will not impact its franchises. "I'm pleased and honored to have Europa Sports and CEO Eric Hillman as part of the ISSN community. When Hart commented on a social media post in 2021, Bilanski texted to Davin that Hart and her son would be black listed, according to the lawsuit. Here's a list of the fitness and sporting goods companies that have filed for bankruptcy in 2020. Some families have kids playing for both clubs, including Gassner, who let his daughter, a senior in high school, make her own decision to leave for Apex last year. About the ISSN Since 2003, the International Society of Sports Nutrition is recognized as the only not-for-profit academic-based society dedicated to sports nutrition and growing the science of applied nutrition. Dang. as well as other partner offers and accept our, J. Conrad Williams Jr./Newsday via Getty Images. Web72355 EUROPA SPORTS PRODUCTS, LLC, 11401 H GRANITE STREET, ATLANTA, GA, 30384-7440US Mail (1st Class) FISHMAN JACKSON RONQUILLO PLLC, MARK H. /T 287240 I took a free trial but didn't get a verification email. For more information, visit www.europasports.com. WebEuropa Sports Products Overview Work Here? About Deloitte Corporate Finance LLC Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage.
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