June 09, 2021
The U.S. Innovation and Competition Act, as amended to include Section 301 tariff product exclusions, a Generalized System of Preferences reboot, and a Miscellaneous Tariff Bill extension, passed the Senate with a 68-32 vote.
The Japanese sportswear company, which sells 18 brands there including The North Face, Helly Hansen, Canterbury and Danskin, is targeting ¥125 billion ($1.15 billion) in revenues by the fiscal year ending Mar. 2026, with operating income of ¥21 billion.
Johan Eliasch has resigned as CEO of Head, effective immediately, to become president of the International Ski Federation (FIS).
CamelBak is recalling about 59,000 caps that were sold with Podium and Peak Fitness water bottles, because a small silicone valve in the caps can come loose and detach, causing a choking hazard.