July 09, 2018
An unidentified European private equity fund will take over the Bollé, Cébé and Serengeti eyewear brands as part of VSTO’s previously announced plan to restructure its business with a focus on ammunition and a few key outdoor assets such as Camelbak, Bushnell and Camp Chef.
The accessories maker that bid $28.00 per share, topping the $27.50 per share offer of founder George Feldenkreiss to take PERY private, said it was confident that shareholders would find its bid more attractive and said the special committee of the board that considered the two bids failed to engage with Randa in its efforts to conclude a deal with the Feldenkreiss family.
The Swoosh will appear on France, England and Croatia’s jersey in the final two rounds to determine the winner while Adidas will have just Belgium to uphold the Three Stripes.
Sales of outdoor apparel, footwear, equipment and accessories were $18.9 billion in the 12 months ended Apr., 2018, according to data from NPD.
SFIA said it supported the database developed by the World Federation of the Sporting Goods Industry that provides labeling requirements for products and packaging in 49 different countries.
An IL federal court ruled that plaintiff Victor Bondi hadn’t proved he was injured or suffered any harm as a result of L.L. Bean’s decision to replace its lifetime guarantee with a limited one-year warranty on purchases.
Camso is recalling 2018 DTS 129 and Yeti Snow MX kits that convert motorcycles and dirt bikes to snow and track bikes.
The chain has been eyeing several locations recently, which would mark its first expansion outside the Lower 48.
It will set up a factory in Gyӧngyӧs, Hungary that will have a total investment of €48 million with the first phase expected to open by H2 2019 at a cost of €15 million.