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Active: New President, Plan for Growth
Rick Mina, former chief executive officer and president of Foot Locker North America, was named president of Active Ride Shop, a 21-store chain headquartered in Rancho Cucamonga, Calif., that is devoted to action-sports brands.
Former president Esmail Mawjee will remain as an adviser to the company. He and Issa Ladha acquired the company in 2009 and helped stabilize it after a period of turbulence. An Active statement said that Mawjee hoped to spend more time with his family in Texas.
In July, Active announced that it had accepted an undisclosed investment from Tengram Capital that will help the retailer open more shops. The company plans to open 30 more doors in the next five years, Mina said.
“Active has a tremendous growth opportunity. Its culture, people and brand partnerships are key drivers to future growth and success. With the investment from Tengram Capital, we will more aggressively open new doors and invest in our systems, digital, social and e-commerce capabilities. We anticipate significant growth in the years to come,” Mina said in a statement.
Tengram is headquartered in Westport, Conn. Tengram has recently invested in brands such as Sequential Brands Group, Robert Graham and Joe Boxer. On Oct. 14, Tengram also made the announcement that it had acquired a significant interest in the New York–based Luciano Barbera brand of luxury menswear.
