January 07, 2022
While an encore of the sporting goods industry’s amazing 32% jump in market capitalization in the pandemic year was unlikely, the public companies we track turned in a respectable weighted average increase in local currencies of almost 10% in 2021.
Race Pace Bicycles, which operates seven stores in the Baltimore, MD, metro area, has been acquired by its long-time supplier, Trek, it announced on its Facebook page.
With the backing of a group of local investors, the employees and management of the Old Fort, NC-based cycling apparel brand have acquired the company and converted it to a public benefit corporation.
Authentic Brands Group inked a long-term license agreement with Tristate Holdings Limited to operate the Reebok brand in China, Hong Kong, Macau and Taiwan.