Sporting Goods Industry News for July 22, 2019
Citing the controversial former NFL quarterback’s views as “fringe opinions,” the Coalition of African American Pastors urged Nike to cut its ties to Kaepernick and to make a new set of Betsy Ross flag footwear with the proceeds targeted for the benefit of veterans and groups that help military families.
Pushing back against a number of short sellers who have questioned its accounting practices, Anta said preliminary results for H1 would show an operating profit of approximately RMB 2.689 billion ($390.8 mm), up 38% from RMB 1.945 billion last year.
MTN will pay $11.00 per share for SKIS’ portfolio of regional resorts in the Northeast and Midwest, in a deal that values Peak Resorts at about $264 million.
Last week, multiple news outlets reported that the department store chain had been in talks with lawyers and investment bankers to help it restructure its $4 billion in debt and avoid a possible bankruptcy filing.
Jarden investors saw a DE Chancery Court judge rule that the fair value of the company was $48.31 per share, well below the $59.21 per share paid by Newell in its 2016 acquisition.