March 15, 2019
Comprehensive net income at the Chinese sneaker and sportswear brand dropped 60% to RMB 222,417,000 ($33.6 mm) from RMB 549,994,000 in 2018 on revenues that inched up 1% to RMB 5,187,446,000 ($784.1 mm) from RMB 5,158,200,000.
The beleaguered CEO who has presided over the company’s recent difficulties will retire at the end of the second quarter, Newell said in a release.
Under Dog’s head sneakerologist, who designed the Steph Curry footwear line among many others, has reportedly left the company, according to Footwear News.
Amer is selling its Mavic business to Regent, a U.S.-based private equity firm.
Sheridan joined Brooks in 1998 and was most recently EVP and GM of global sales there.
The new company was started by industry veteran Olav Nietzer to make a modular design ski boot that uses a lace-up Cambium boot liner inside a plastic outer shell.
American Baitworks, which was launched earlier this year by PE firm Fingle Flagen Group, is acquiring Southern Lure Company, a 30+ year old lure maker based in Columbus, MS.
The self lacing Adapt BB shoe, which is controlled by a Bluetooth connection to a smartphone, can be disabled by a software update, the Washington Post reported.
O’Brien Watersports is recalling about 4,260 Performer Pro Combo water skis because the skis can detach from the binding during a fall, allowing the ski to break.