June 29, 2018
Next week is our usual summer break. Our next regular issue will be July 13, but we will be periodically posting news here.
In a year that saw the loss of nearly a third of its manufacturing capacity with the divestiture of the Zhong Shan factory, net income increased to HK$257,260,000 ($38.1 mm) from HK$132,556,000 boosted by the proceeds from the sale, but revenue plunged 36% to HK$1,164,873,000 ($172.3 mm) from HK$1,830,267,000 for the fiscal year ended Mar. 31.
Amer elevated Jon Hoerauf, the current general manager of its Arc’tereyx brand, to the post of president of the newly formed Amer Apparel Group and also puts him on the managing board.
Brunswick will pay $910 million in cash for Power Products’ Global Marine & Mobile business, which will become part of Mercury Marine`s global parts and accessories organization.
The insulation maker has just introduced Ecodown, which is made from 100% recycled PET bottles with about 10 bottles used to make enough fill for one insulated jacket.
Helmets R Us is recalling about 9,700 Rollerblade-branded helmets used in schools’ physical education programs because they don’t meet the federal safety standard.