August 12, 2021
The Big A has reached a definitive agreement to sell Ex Numero Uno to ABG for a total of up to €2.1 billion ($2.5 bb), with the majority paid in cash at closing, and the rest deferred and contingent on performance.
The Chinese retailer and footwear maker swung to a $170,255,000 profit in the first half from a loss of $136,758,000 last year, on 18% higher revenues of $4,807,087,000 up from $4,085,633,000.
Revenues at SportChek and CTC’s other sports banners grew 48% in the second quarter to C$453.4 million from C$306.7 million including a 28.6 % comp sales increase, and despite 11 fewer doors at 387.
The Italian brand saw sales decline to €138 million ($157 mm) last year from €168 million in 2019, but expects growth in the mid-teens for this year.
The Compass Diversified-owned tactical apparel brand confidentially filed a draft S-1 registration statement with the Securities and Exchange Commission.
WWW plans to issue $550 million of 4.000% senior notes due in 2029, using the proceeds to redeem all of its outstanding 5.000% notes due in 2026 and 6.375% notes due in 2025.
SLBG completed an $11 million private placement offering to investors, including several leading small cap focused funds as well as several high net worth individual investors.
Aviron, which sells a rowing machine that uses a gaming platform for creative workouts, raised $4.5 million from Samsung Next, Formic Ventures, GFC, Y Combinator and other investors.
Sales of tennis racquets to U.S. retailers grew 101% in the first half of 2021, with units up 41% and higher ASPs driving the difference, according to research from the Tennis Industry Association and Sports Marketing Surveys.
Rossignol is recalling about 174 All Track DH mountain bikes because cracks can form at the head tube area, where the fork connects to the bicycle.