The UK-based retailer and parent of Finish Line and other banners in the U.S., agreed to purchase the small-market sneaker and apparel retailer for $87.50 per share in cash, for a total enterprise value of $1,109 million.

Net income attributable to shareholders at the Japanese bike and fishing equipment maker was up 17% to ¥23,687 million ($156.6 mm) in the first quarter from ¥20,203 million, despite revenues that declined 20% to ¥100,557 million ($664.6 mm) from ¥126,071 million.

Former CEO Glenn Chamandy and investment firm, Browning West hammered home their criticisms in assessing GIL’s board refresh, calling it a sleight of hand to distract from a failing attempt to sell the company.

Following last week’s court approval of JHT’s $37.5 million winning bid for BowFlex’s assets, the company said it would fold the BowFlex and Schwinn operations into its North American sporting goods/e-commerce group.

The Three Stripes will take over kit sponsorship of the Premier League club in 2025, SportBusiness first reported, replacing the Swoosh after just five years.