Sporting Goods Industry News for June 11, 2021
A year ago the industry was still largely unsure of when, or even whether, sporting goods retail would bounce back after the beginning of the Covid-19 pandemic closed many stores and disrupted consumer habits and priorities.
Signa Sports United will combine with Yucaipa Acquisition Corporation, a special purpose acquisition company that trades on the NYSE as YAC, in a deal that values the combined companies at about $3.2 billion.
Lancer Capital-backed Iconix Acquisition Corp. will offer $3.15 per share in cash, a 29% premium over the most recent closing price, to take ICON private.
Icon Health & Fitness has officially changed its name to iFit Health & Fitness, reflecting the increasing importance of its iFit connected fitness software platform to the overall business.