February 01, 2021
The U.K. retail conglomerate accelerated its expansion in the U.S. with its second major acquisition here in the past two months, buying Baltimore, MD-based sneaker and streetwear retailer DTLR Villa for $495 million.
The Black Diamond and Sierra bullets parent said that the top line was up 23% to about $75.0 million in the final quarter from $61.0 million, driven by gains at Sierra and an incremental $6.5 million in sales from Barnes bullets.
Cerberus Capital Management is now offering C$16.00 per share for DII, up from its initial offer of C$14.50, in the hopes of winning approval for the acquisition from non-insider shareholders.
The 80-door golf club fitting studio operator has hired Tumi and Tommy Hilfiger veteran Adam Levy as its new CEO, succeeding Joe Lee who will move to chairman of the board.
Nike responded to last week’s European tax probe story with the following comments.