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July 26, 2021


Fenix Outdoor Brands’ Sales Jump 38% in Q2

The Swedish parent of Royal Robbins, Fjällräven and other outdoor brands had an operating profit of €7.3 million ($8.8 mm), up 92% from €3.8 million last year, on 27% higher sales of €128.7 million ($155.1 mm) against €101.7 million.

USTR Confirms No Punitive Tariffs on Vietnam

The office of the U.S. Trade Representative issued a determination confirming that no action under its Section 301 investigation was warranted, following Vietnam’s agreement with Treasury over currency valuation practices.

iFIT Buys Everesting Event Company

The NordicTrack, ProForm and Freemotion parent has acquired endurance hiking event creator, 29029, which helped popularize Everesting, or climbing 29,029 feet over multiple sessions, the cumulative equivalent of Mt. Everest.

Full Swing Sold to Bruin Capital

The producer of simulators for golf and other sports sees North Castle Partners sell a controlling interest to PE firm, Bruin Capital, while remaining as a minority shareholder.

E-BIKE Act Introduced in Senate

Electric Bicycle Incentive Kickstart for the Environment Act (S. 2420) would offer e-bike buyers a 30% tax credit, or up to $1,500, on the purchase of a new electric bicycle.

Asics Invests in Insole Maker

Asics Ventures, the sportswear brand’s investment subsidiary, has taken an unspecified stake in healthcare startup, Japan HealthCare Co., Ltd., which makes custom insoles working from photos of feet taken by smartphone.

Etcetera: Under Armour, Fanatics, Dunlop

 
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