February 06, 2024
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 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.
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.
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.
The protective gear maker has acquired the Pro-Tec brand and certain assets from Bravo Highline, for an undisclosed sum.
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.
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.
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.