January 12, 2017
President-Elect Trump threw gasoline in the form of a tweet on the fire that started last week when L.L. Bean heiress Linda Bean was found to have illegally donated $60,000 to a pro-Trump PAC.
The $75.5 million all-cash deal for the bag and accessories maker looks to be just the first for ELY as it seeks to grow through acquisitions in a stagnant golf market.
VSTO expects to record a $400 to $450 million non-cash intangible asset impairment charge in its hunting and shooting accessories unit this quarter.
The Soho-based collectible sneaker marketplace, which launched in 2015, plans to expand into mainstream footwear retailing.
The Canadian ski and snowboard retailer, which operated two stores in Hamilton and Kitchener, Ontario, is closing the business citing unspecified financial difficulties.