November 13, 2020 Biden Presidency a Plus for Industry, But Covid Surge Looms
A Joe Biden presidency is looking increasing likely, now that the challenger has established a clear electoral majority, and recounts and lawsuits in several swing states seem unlikely to sway the outcome. Centauro Losses Continue in Q3
The Covid-19 pandemic continues to hammer South America, sending Brazil’s largest sporting goods retailer into the red in Q3, with a loss of BRL 33,251,000 ($6.2 mm) against a profit of BRL 38,413,000 on 7% lower revenues of BRL 724,281,000 ($134.1 mm) down from BRL 777,335,000. Dorel Board Approves Offer, but Shareholders Come Next
The Cannondale and Schwinn parent’s board of directors has approved the takeover bid by Cerberus Capital Management to acquire all outstanding publicly owned shares as well as some of the shares owned by the Schwartz family. JD Sports Wins Footasylum Appeal
The U.K.’s Competition Appeal Tribunal quashed an earlier decision by the Competition and Markets Authority that would have required JD’s acquisition of Footasylum to be reversed, likely by forcing a divestiture. Etcetera: Adidas, Crosson Ski, Hydrow, TeamSnap, Dynamic Brands, AMC
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