January 19, 2021
Net income at the Japanese retailer was ¥301 million ($2.9 mm) in the fiscal first quarter ended Nov. 30 against a loss of ¥162 million last year, on 6% higher revenues of ¥14,774 million ($141.4 mm) up from ¥13,982 million.
Following Anta Sports’ sales update last week, Chinese sneaker and apparel brands China Dongxiang, Xtep and 361 Degrees released preliminary retail sales results for the Dec. quarter.
Birkenstock’s owning family is in negotiations with private equity group CVC, exploring a sale that could value the iconic sandal maker at as much as €4 billion ($4.8 bb) , according to the Financial Times.
Penfield, which was started in Hudson, MA in 1975 by Harvey Gross, manufacturing a line of down filled jackets, fleece and outerwear, has been acquired by U.K.-based brand licensor BMG.
GSM has made its first acquisition since being sold to Gridiron Capital in Nov., adding tritium sight maker TRUGLO to its ever expanding portfolio of outdoor and shooting sports brands.
Rapala USA is recalling about 128,000 rechargeable fillet knives because the lithium ion battery can overheat and catch fire if non-Rapala chargers are used to charge it.