September 29, 2023
Results were mixed in 2022 for the sector that benefitted most from pandemic demand, as sports equipment company revenues increased just 1.2% to $112,292 million from $110,973 million, after a 23.9% jump in 2021.
The Amer Sports-owned brand named Steve Doolan as president of Salomon Americas, effective Oct. 23, based in its regional headquarters in Ogden, UT.
Launch Technologies Co., which produces one-fifth of the world’s golf ball supply for a number of brands, including Topgolf Callaway, TaylorMade and Bridgestone, caught on fire last week, resulting in nine deaths.
NWL and its former CEO, Michael Polk, have agreed to pay fines of $12.5 million and $110,000, respectively, to settle Securities and Exchange Commission charges that the company misled investors about its core sales growth in the wake of the Jarden acquisition.
A federal judge dismissed without prejudice three shareholder suits that claimed that UA executives artificially inflated the company’s share price and cashed out hundreds of millions of dollars.