July 20, 2023
Increasing regulation of per- and polyfluoroalkyl substances (PFAS) at the state level and plaintiffs lawyers eager to target companies for missteps in marketing are two of the hazards addressed at the SFIA’s “Impact of Forever Chemical Regulations on the Sporting Goods Industry” webinar.
The Finnish fishing equipment maker warned of worsening market conditions last month, and has now reported a loss of €1.1 million ($1.2 mm) for the first half of 2023, against a profit of €8.7 million prior, on 21% lower revenues of €117.9 million ($128.3 million) down from €148.4 million.
Second quarter net income at the helmet technology company tumbled 75% to SEK 20 million ($1.9 mm) from SEK 80 million as sales were halved to just SEK 102 million ($9.7 million) from SEK 206 million, hurt by retailer destocking in the U.S. and Europe.
Mike Repole’s private equity firm, Impact Capital will buy a majority stake in the sneaker and apparel brand at an undisclosed valuation, CNBC first reported.
Salewa USA is recalling about 3,775 Wild Country Superlight Rocks cable wire chocks because corrosion can occur and weaken them when exposed to seaside conditions.