August 12, 2021 Adidas Will Sell Reebok to Authentic Brands
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. Yue Yuen Improves in H1, as Better Margins Drive Profits
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. SportChek Sales Jump in Q2, Also Exceeding 2019
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. Diadora Projects Return to Growth This Year
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. 5.11 Tactical Files for Public Offering
The Compass Diversified-owned tactical apparel brand confidentially filed a draft S-1 registration statement with the Securities and Exchange Commission. Wolverine Issuing $550 Million of Senior Notes
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. Slinger Bag Raises $11 Million
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 Raises $4.5 Million for Connected Rower
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. Tennis Racquet Wholesale Doubled in H1
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. Etcetera: HanesBrands, Nike, Bass Pro, Patagonia, Aqua Leisure, Aqualung, Head, NSGA
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