July 13, 2021
The Chinese sportswear brand is guiding for at least a 65% increase in net income attributable to shareholders for the first half of 2021, driven by higher than expected sales and better gross margins.
The Peloton competitor is looking at new options to up its valuation potentially to the 10-figure range, Bloomberg reported, citing sources close to the matter.
iFit Health & Fitness paid about $300 million to acquire Australia-based Sweat, a women’s online fitness platform, according to inside sources cited by the Wall Street Journal.
The South American footwear maker and distributor completed the acquisition of Mizuno’s Brazilian operations and inventory from Alpargatas on June 30.
Wickstrom, who has overseen all operations at the gun maker since 2015 in the role of vice president and general manager, has been promoted to president.
Following last week’s decision by the ITC to open an investigation into nearly two dozen accused Crocs copycats, the company filed several lawsuits against substantially the same defendants.
Burley is recalling Ballz QR Skewers, used to connect its trailers to bikes, because the axle portion can shear when initially installed and/or during use.