Net income attributable to shareholders at the Italian fitness equipment specialist grew by 16% last year to €73,640,000 ($79.6 mm) from €63,587,000 as double-digit commercial sales increases pushed revenues 12% higher to €808,091,000 ($873.6 mm) from €721,490,000.

Authentic Brands Group is on the verge of finalizing a partnership deal for the Boardriders brands in Europe, as reported by various sources and confirmed by Authentic.

The ratings agency affirmed MODG’s B1 long-term corporate family rating and left its other ratings unchanged, but downgraded its outlook to negative from stable.

GPRO will reduce its global workforce by approximately 4% and trim its office space to save about $7.5 million in costs as it aims to narrow operating expenses.

The trade association’s annual event on May 19-21 at the Sheraton Grand at Wild Horse Pass in Phoenix, AZ, will feature Basketball Hall of Fame member Ann Meyers Drysdale and baseball legend Steve Garvey.