June 10, 2022 High Costs Impact Industry Results In First Quarter
Revenue gains continued in the first quarter of 2022 at a solid, 7% pace to $47,051.7 million from $44,117.4 million, but rising costs in all sectors sent the aggregate bottom line down 28% to $3,323.0 million from $4,636.9 million at the basket of industry companies we track. Accell Group Acquisition Declared Unconditional
The €1.56 billion ($1.64 bb) acquisition by a consortium led by affiliates of Kohlberg Kravis Roberts & Co. is a go, despite not quite reaching the 80% acceptance threshold. Yue Yuen Ekes Out Sales Gain despite Pou Sheng
May revenues for Yue Yuen increased 3% to $757,993,000 from $736,960,000, but the gains came entirely from the footwear manufacturing business as Pou Sheng retail sales in China tumbled 19% in local currency to RMB 1,527,574,000 ($227.7 mm). Aqualung Group Names Bruno Cercley Chairman
The owner of the Aqualung, Apeks, Omer and Aquasphere brands named Bruno Cercley, former chairman of the Rossignol Group, as chairman of its supervisory board. Warrior Sues Wilson over Evo Mark
Warrior Sports is suing Wilson Sporting Goods in MI district court accusing the Amer Sports-owned company of infringing on the “EVO” mark. Etcetera: Columbia, Foot Locker, AGM Global Vision, Golftec, Hydrow
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