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February 06, 2024


VF Corp. Launches Strategic Review after Weak Dec. Quarter

Sales of every VFC brand declined in the Holiday quarter, sending total revenues down 16% to $2,960,283,000 from $3,530,667,000, while a nine-figure impairment charge resulted in the bottom line plunging to a $42,452,000 loss from $507,868,000 profit a year ago.

Amer Sports Details Debt Plans

Amer Sports has made another financing move on the heels of its IPO, with a private offering of $600 million in new senior secured notes due 2031.

Goldwin Net Slips on Higher Sales

The parent of The North Face, Helly-Hansen, Canterbury and other brands in Japan reported a 2% dip in net income for the fiscal third quarter ended Dec. 31 to ¥10,251 million ($69.4 mm) from ¥10,424 million.

Zwift Slashes More Staff, Co-CEO Out

Nearly a year after the indoor cycling training app maker cut about 15% of its workforce, Zwift announced another round of layoffs, and its co-CEO Kurt Biedler has chosen to leave his post after just a year.

Triple Eight Distribution Buys Helmet Brand

The protective gear maker has acquired the Pro-Tec brand and certain assets from Bravo Highline, for an undisclosed sum.

Whyte Bikes Taps Cannondale Exec for Top Job

The Cairngorm Capital-backed British bike maker hired former Cannondale UK country leader, Nikki Hawyes, as its new CEO, succeeding Ed Culley, who is leaving the company for a new role.

Adidas Pushes Back on Shareholder Suit

The Big a asked an OR federal court judge to dismiss the action brought by HRSA-ILA Funds that accuses it of misleading investors by concealing problems in the relationship with Kanye West.

Bike Companies Sued by Impaled Rider

Trek Bicycle and Shimano are being sued in RI district court by a consumer, Timothy Lynch, for serious injuries he sustained which were allegedly caused by a defective Shimano V-Brake lever on a Trek bicycle.

Etcetera: Dick’s, Alo Yoga, Tactics, Club Champion, Sea to Summit, Fin Rage Tackle, Protoconcept Golf, On Running

 
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