January 02, 2024 Gildan Shareholders Gird for Proxy Battle
The opposition list to Glenn Chamandy’s ouster as GIL’s chief now totals nine institutional investors holding 35% of outstanding shares, while Browning West took another step in making good on its threat to requisition a special meeting of shareholders with an eye on replacing five board members and reinstating Chamandy. Clarus Sells Ammo Biz to Outside Buyer
The Black Diamond parent will get $175 million in cash for its precision sport segment that includes Sierra and Barnes Bullets, but the buyer is not CLAR’s executive chairman Warren Kanders, who had made an offer for the business in Sep. USTR Extends Section 301 Exclusions Until May
The United States Trade Representative extended all existing exclusions for Chinese imports five more months to May 31, 2024 from Dec. 31, 2023, including a number of sporting goods categories. Holiday Sales Gains Slow Year-Over-Year
Holiday retail results came in +3.1% for the Nov. 1-Dec. 24 period, according to preliminary results from Mastercard Spending Pulse, tracking in-store and online sales across all payment forms (excluding auto). Rapala VMC Sheds Injection Molding Operations
The Finnish fishing equipment manufacturer has inked an agreement to sell its injection molding business to its long-time business partner, Muottituote Group Oy, in a deal that includes subsidiary KL-Teho Oy’s real estate, equipment, and personnel. Forward Outdoor Apparel Names New Management Team
The Switzerland-based outdoor gear maker, which is owned by Global Development Co., has appointed a new management team to oversee the launch of its next apparel line. Sacks Parente Golf’s CEO Departs
The high-end putter and golf accessories startup has launched a search for a new CEO after current president and chief Tim Triplett decided to step down, effective immediately, citing family reasons. Fairmonde Golf Receives Investment from Yin
LPGA star Angel Yin has made an unspecified investment in the sustainable women’s golf apparel maker, becoming a shareholder in the brand. Etcetera: Thule, Bulls Bikes, Skechers, Scott Fly Rods, Super Retail Group, Asics
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