VSTO’s deal to sell its ammunition business to Czechoslovak Group has still not received CFIUS approval, and the company has now engaged with investment firm MNC Capital as a back-up plan.

The march towards GIL’s May 28 annual meeting took another swerve Monday when GIL announced five new independent directors will take seats on the board effective May 1, including a changeup in the chairmanship, to support new CEO Vince Tyra and the proposed sale of the company.

The Hong Kong-listed Chinese sportswear brand saw sales inch up low-single digits, excluding its Li Ning Young sub-brand, with directly operated retail sales up mid single-digits, while e-commerce grew low-teens.

Following recent investments from Goldman Sachs and Comvest Partners, Kent Outdoors inked a $100 million asset-backed credit facility with Eclipse Business Capital aimed at supporting new product lines and bringing in new leadership.

Smith & Wesson, Sturm, Ruger and several other gun manufacturers filed a petition for a Writ of Certiorari asking the Supreme Court to reverse a First Circuit decision allowing a lawsuit by the Mexican government to move forward.

LULU, which recently opened a huge new facility near Los Angeles, is closing down its 150,000-sq.-ft. Sumner, WA, DC and will lay off 128 employees there, according to a WARN notice filed with the state.

DECK filed suit in IL district court accusing Australia-based Wolverine Group, which is not related to Wolverine Worldwide, of infringing on the Ugg name and related trademarks.