January 08, 2021
The recovery from 2020’s global pandemic is expected to bring a mixed bag for input costs in 2021, as wage freezes or modest increases at most contrast with what Goldman Sachs call the beginning of a “long-lasting bull market” for commodities globally.
Imports continued their torrid pace in Nov., exceeding forecasts and growing by 24.5% to 2.11 million Twenty-Foot Equivalent Units, according to the NRF’s PortTracker, but declining 4.9% sequentially from Oct.’s record.
The New London, OH-based action sports company was founded by the Archer family in 1959 and current CEO John Archer will stay on following the Dec. 31 sale to PE firm Seawall Capital.
Leapfrog Brands has received an unspecified investment from Palladin Consumer Retail Partners with the funds earmarked to build infrastructure to support the drinkware brand’s growth.
Trek Bicycle is being sued in a proposed class action filed in SDNY federal court over the Bontrager WaveCel helmet line that was claimed to be “remarkably effective at preventing concussions caused by common cycling accidents.”