August 05, 2019 China Stops Farm Buys, Allows Currency to Devalue
The two moves by China in response to President Trump’s recent threat to levy 10% tariffs on List 4 imports was widely seen as a signal that the Chinese are prepared to wage a long-term trade war, posing new risks to the global economy and rattling world stock markets. Remington Asks SCOTUS to Stop Sandy Hook Case
The gun company is arguing that the Connecticut Supreme Court erred in allowing a suit to proceed against it on the grounds that it marketed its Bushmaster rifle used in the killing of 26 as a weapon of war for use by civilians in combat-style missions. Clarus Sales Slow in Q2 as Sierra Stumbles
Net loss narrowed in its seasonally smallest quarter to $694,000 from a loss of $777,000 last year on 2% higher sales of $46,994,000 against $45,881,000 including an 8% improvement at Black Diamond offsetting a 16% decline at Sierra. Xebio Net Falls in FQ1 on Lower Sales
Net income at the multi-banner Japanese retailer was nearly halved to ¥1,498 million ($13.6 mm) from ¥2,897 million in the fiscal first quarter ended Jun. 30, as revenues slipped 1% to ¥60,796 ($553.2 mm) from ¥61,338 million. Xtep Closes K-Swiss Acquisition
The Chinese footwear brand finalized its $260 million purchase of K-Swiss, Palladium and Supra from South Korean footwear and fashion retailer E-Land. Lew’s Holdings Acquiring Fox International
Lew’s, which itself got a new private equity owner June, is buying Europe’s largest privately-owned fishing tackle company from Mayfair Equity Partners and Next Wave Partners. Etcetera: Enwild, Sportsman’s Warehouse, Outtech, True Spec Golf, TanTec
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