March 08, 2019
Mascot Bidco Oy, the consortium owned by Anta Sports, Lululemon founder Chip Wilson, FountainVest and Tencent, said that 94.38% of Amer Sports shares had been tendered by the Mar. 7 deadline, well above the 90% needed for the acquisition to go through under Finnish law.
Net income nearly doubled in 2018 to €20.3 million ($24.0 mm) from €10.5 million on sales that were up 2% to €1,094.3 million ($1,292.0 mm) from €1,068.5 million at the maker of Haibike, Koga, Batavus and Raleigh bicycles.
Retail & rental revenue increased 11% to $128,436,000 from $115,446,000 in the fiscal second quarter ended Jan. 31 as great weather bumped up visitation and spending at its western U.S. and Colorado resorts, and Triple Peaks and Stevens Pass provided incremental sales.
The Royal Oak, MI, specialty retailer filed for Chapter 11 protection in Ea. MI bankruptcy court, blaming its mounting losses on a familiar combination of increasing competition from online sellers and brands’ own DTC sales.
Bass Pro will shutter Cabela’s 77-year-old Sidney, NE, distribution center and it’s Oshkosh, NE, merchandise return center, the Columbus Telegram reported, resulting in the loss of 121 jobs in Sidney and 41 in Oshkosh.