Sporting Goods Industry News for June 25, 2025
The bottom line at the Chinese sportswear maker swung back to a RMB 207,000,000 ($29.0 mm) profit from a loss of RMB 639,359,000 for the fiscal year ended Mar. 31 on revenue that was down 4% to RMB 1,680,135,000 ($235.2 mm) from RMB 1,744,023,000.
Compass Diversified expanded its non-reliance warning to include 2022 and 2023 financial statements as the probe into irregularities in its jewelry retail subsidiary’s accounting practices continues.
The CA-based chemical recycling specialist has raised $21 million in a new funding round led by Taranis, an investment entity owned by Perenco Group that focuses on sustainability.
VF Corp. tapped Valentina Visconti Prasca as president of its Napapijri apparel and bag brand, succeeding Silvia Onofri, who has departed to become CEO of Miu Miu.
Wilson Combat’s sister company, Lehigh Defense LLC, has acquired the assets of firearm component maker Performance Engineering from owners Darla and Russ Narzinski, who have decided to retire.
National Park recreational visits fell 6% year-over-year to 30,995,719 last month from 32,913,479, while year-to-date visits declined 4% to 109,210,480 against 113,954,310.
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