November 14, 2019
Just five years after embarking on a diversification program from firearms into outdoor and changing its name to reflect that three years ago, American Outdoor Brands will spin off its gun business in a tax free transfer to shareholders.
China immediately pushed back against the U.S. position that tariffs must stay in place as a condition of the Phase One trade deal with a Ministry of Commerce spokesperson saying that it is “an important condition of reaching a deal. The significance of the Phase One deal should reflect the scale of the tariff rollback.”
The new indictment drops two counts of conspiracy charges in then alleged extortion of Nike, and adds one count of honest services wire fraud.
Judges from the Federal Circuit Court of Appeals vacated a finding that was the basis of the roughly $3.5 million in profits and damages an Oregon jury awarded Columbia from Seirus Innovative Accessories in late 2017 for infringing on Columbia’s Omni-Heat reflective material with its HeatWave material.
Comprehensive net income dipped 9% in the racquet sports and golf brand’s fiscal first half to ¥929 million ($8.7 mm) from ¥1,026 million on sales of ¥31,821 million ($296.5 mm), up 4% from ¥30,585 last year.
Comprehensive net loss was ¥353 million ($3.3 mm) against income of ¥729 million for the company’s fiscal first half ended Sep. 30, but without a ¥1.1 billion negative valuation difference on available-for-sale securities, the bottom line was up 15% to ¥344 million.
Gregory Mountain Products sales were up 22% to $18 million from $14.8 million for the third quarter, benefiting from continued strength in Japan.
The fitness band maker closed the combined equity and debt Series D round, which was led by Foundry Group with participation from a number of other funds and individuals.
Handgun imports for the month decreased 17% to 164,658 units on a 20% drop in pistol imports to 141,622 units partially offset by a 3% gain in revolvers to 23,036 units, according to ITC data compiled by the NSSF.
Mystery Ranch is recalling about 500 Quick Draw side arm holsters for semi-automatic pistols because the retention strap can disconnect from the holster and allow the handgun to fall.