November 04, 2020 Fitbit Loss Grows on R&D and Deal Costs, Despite Higher Sales
Net loss expanded slightly to $54,452,000 in the third quarter ended Oct. 3 from a loss of $51,893,000 last year, on 5% higher revenues of $363,932,000 up from $347,200,000. Fenix Outdoor Sales, Profits Decline in Q3
Net income at Fjällräven’s parent company declined 9% in the third quarter to €32.4 million ($37.9 mm) from €35.7 million on 4% lower sales of €186.9 million ($218.6 mm) down from €194.5 million. Rossignol Taps Former Arc’teryx Chief as New CEO
Amer Sports and Hunter Boots veteran Vincent Wauters will succeed Bruno Cercley, who will remain involved as non-executive president. Canyon Bicycles Sees Takeover Interest
A number of private equity firms, including Carlyle Group, KKR & Co., Advent International, Apax Partners, General Atlantic and Permira, are considering takeover bids for the German bike maker, Bloomberg reported, citing sources close to the matter.
The British women’s activewear brand has engaged Goldman Sachs to help find a new investor. The Times reported, seeking a valuation of about £250 million ($327 mm). CPSC Recalls: Yeti Mugs and Alliance Treestands
Yeti is recalling about 15,000 Rambler 20 oz. travel mugs with Stronghold lids because the magnet slider on the lid can eject and hot contents can spill out. Etcetera: Jack Wolfskin, Tecnica
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