September 21, 2021
Net income shot 615% higher to NZ$63,429,000 ($45.4 mm) from NZ$8,868,000 on revenue that was up 15% to NZ$922,792,000 ($659.8 mm) from NZ$801,524,000 for the fiscal year ended July 31.
The fast growing bike and powersports component supplier is forecasting a 17.6% CAGR over the next five years will take its top line from $891 million last year to $2 billion in 2025, with adjusted EBITDA of $500 million.
The headwear retailer promoted Maughan, most recently SVP of merchandising, marketing and partnerships, to president, taking the reins from chairman & CEO, Tom Ripley, who will transition to executive chairman.
A new funding round for the connected rowing company has brought its total raise above $200 million, with a number of celebrities investing.
The impact protection materials company has been acquired by Elysian Capital III LP from Beringea US & UK and Entrepreneurs Fund, who are exiting after six years of ownership.
Consumer advocacy organization truthinadvertising.org has filed a complaint with the Federal Trade Commission, asking the agency to investigate New Balance’s made in the USA claims.
Under Dog accused the Bruins of covering up the UA logo on uniforms, in a countersuit filed less than a month after an LA County Superior Court judge allowed UCLA’s breach of contract suit against the company to proceed.