September 28, 2020
VSTO was the biggest spender at the bankrupt gun maker’s asset auction, bidding $81.4 million for most of Remington’s ammunition business, with Clarus, Sturm, Ruger, Sportsman’s Warehouse, Franklin Armory and two PE firms also acquiring pieces.
Some of the 5.2 million members of Canada’s Mountain Equipment Coop have organized a fund raising drive to counter an offer made by Los Angeles-based Kingswood Capital that would buy the financially troubled retailer out of the equivalent of bankruptcy.
Vulcabras Azaleia, which inked a deal to distribute Under Armour in Brazil last year, will take over the Mizuno license from Alpargatas for Brazil and Argentina, a business worth about BRL 444 million ($79.8 mm).
The sustainable wool and wood-fiber sneaker maker has pulled in $100 million in a Series E funding round led by Franklin Templeton that values it at $1.7 billion, the Wall Street Journal reported, citing an inside source.
DLA says that HBI reneged on a business relationship that launched last fall with an almost $6 million initial order that would have added Hanes, Comfort Wash and Champion apparel to Delta’s B2B imagewear offering.
The skateboarding legend and founder of skate brand Huf Worldwide has died at age 46 after a two-and-a-half-year fight with brain cancer.