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Life Fitness Files Initial Registration Documents for Spin-off
The filing shows net income off 48% to $11.4 million against $22.1 million for the six months ended Jun. 30 as sales improved 2% to $495.4 million compared to $486.6 million.
Comprehensive net income attributable to owners of the company fell 68% to $145,310,000 in the first nine months from $449,137,000 as revenues grew 6% to $7,151,884,000 from $6,718,014,000.
Pon, a diversified Dutch company that owns a number of bike brands including Santa Cruz, Derby Cycle and Cervélo, seeks to expand its stake in Accell from 5.1% currently to 20%, and is making a partial tender offer at €19.00 per share, a 25% premium over the recent trading price.
Comprehensive net loss at the Japanese retailer was ¥382 million ($3.4 mm) against a profit of ¥829 million last year in the fiscal first quarter ended Sep. 30 as revenues slipped 3% to ¥54,261 million ($486.6 mm) from ¥55,853 million.
The Big a filed a motion with the USPTO’s Trademark Trial and Appeal Board opposing The Ohio State University’s registration of a three stripe mark with two black outer stripes and a wider, red center stripe.
The Varsity Brands-owned team juggernaut acquired Grand Junction, CO-based Mountain Mesa Sports, which does business as B&H Sports servicing the Western Slope region of Colorado.
Adidas is Latest to Face Discrimination Charges
Minority employees sent a letter to Adidas America president Zion Armstrong urging him to diversify minority and ethnic representation in upper management, according to Footwear News which obtained a copy of the letter.
Net income jumped to KRW 45,302 million ($51.1 mm) from KRW 20,683 million for the three months ended Sep. 30 as sales improved 28% to KRW 725,878 million ($643.6 million) from KRW 569,274 million.
Plunging gross margins and foreign exchange sent comprehensive net income at the apparel maker down 84% to HKD 25,492,000 ($3.3 million) in the fiscal first half ended Sep. 30 from HKD 154,673,000 last year despite 26% higher revenues of HKD 1,476,600,000 ($188.6 mm) vs. HKD 1,176,471,000.
Net income slipped 8% to ¥3,433 million ($30.8 mm) at the Japanese retailer in the fiscal first half ended Sep. 30 from ¥3,724 million on slightly lower revenues of ¥116,437 million ($1,044.4 mm) compared to ¥116,789 million.
The Eager Beavertons renewed their deal to provide the English Premier League ball and official sponsorship for six years until 2025.
The Seattle-based winter and action sports retailer is acquiring Whistler Village Sports, which operates five locations in Whistler, British Columbia.
Yue Yuen sales were up again last month, gaining 13.2% to $885,298,000 up from $781,994,000, driven by Pou Sheng retail sales that surged 14.8% to $307,569,000 from $267,901,000.
Mizuno Sales Drop in Fiscal First Half
Comprehensive net income increased 25% to ¥2,671 million ($24.0 mm) from ¥2,138 million in the fiscal first half ended Sep. 30 on 5% lower revenues of ¥86,948 million ($779.9 mm) down from ¥91,766 million.
ICON’s net income was $20,224,000 in the third quarter benefitting from one-time non-cash gains, against last year’s horrific $550,571,000 loss from goodwill and trademark impairment charges.
CLAR is buying the assets of Wimberley, TX-based SKINourishment, which makes sport-focused skincare products including the ClimbOn brand for climbers.
Leatherman Tool Group is selling Ledlenser GmbH, which it acquired in 2011, to German PE firm Afinum for an undisclosed sum.
Mountain Warehouse is recalling about 1,000 insulated children’s water bottles because the spout can detach, posing a choking hazard.