January 05, 2023
After a banner year in 2021 and a strong start last year, the pace of acquisitions slowed later in 2022 as macro headwinds from inflation and falling consumer confidence combined with a rising cost of capital to give buyers cold feet.
Helen of Troy’s Home & Outdoor segment, home to Hydro Flask and Osprey, saw sales fall 7% to $228,937,000 from $246,135,000 for the fiscal third quarter ended Nov. 30.
The licensed apparel and collectibles juggernaut has divested its 60% stake in the NFT company, CNBC reported, selling out to an investor group led by Galaxy Digital, the cryptocurrency bank helmed by Mike Novogratz.
DSW president Doug Howe, who also currently serves as Designer Brands EVP, will succeed Roger Rawlins as CEO of the parent company on Apr. 1.
Lands’ End appointed three executives to its leadership team, with current chief administrative officer and general counsel, Peter L. Gray being named chief commercial officer.
The outdoor and winterwear maker has received $22.8 million from Merchant Financial Group and an additional $15.2 million from Tiger Finance, totaling $38 million of new growth capital.
The smart ab wheel startup has raised $500,000 and is seeking investors to participate in a $1.25 million seed round.
The connected fitness company has agreed to pay a $19,065,000 civil penalty for failing to immediately report the safety defect in its Tread+ treadmill to the CPSC, and for distributing recalled treadmills.
New Balance has taken legal action against Italian soccer club AS Roma over alleged contract breaches, according to a report in Calcio e Finanza, over the rumored deal between the club and Adidas for the 2023/24 season.
Quality Bicycle Products is recalling about 9,090 carbon handlebars and bicycles the came with those handlebars because they can crack where the brake/shift levers are installed.