May 28, 2024 Gildan’s New CEO, Board Take Control
GIL’s newly installed directors entered Monday’s annual meeting unopposed after last week’s mass exodus of the legacy board and CEO Vince Tyra, , which ended Friday with the reappointment of ousted CEO Glenn Chamandy back to the big chair and Michael Kneeland as nonexecutive board chairman. Vista Outdoor Scores Higher Bid for Ammo Biz
In the face of escalating offers from MNC Capital to buy VSTO outright, Czechoslovak Group has raised its bid for The Kinetic Group ammunition business to $1.96 billion from $1.91 billion, increasing the post-close dividend to shareholders by 24% to $16.00 per share. Nike Wins Stripes Rights in Germany
The Eager Beavertons scored a partial victory over Adidas in its second appeal, overturning a ruling by the lower court, and is now permitted to put stripes on four of its pant designs in Germany. Section 301 Exclusions Set to Expire
The U.S. Trade Representative’s office has extended 352 product exclusions from Section 301 tariffs on Chinese imports through June 14, while some others will be extended through May 31, 2025. Recommerce Specialist Trove Appoints New CEO
Trove, which manages resale and trade-in programs for brands and retailers, hired Terry Boyle as its new chief executive officer, effective June 17. NSGA Seats Latest Hall of Fame Inductees
The National Sporting Goods Association inducted its latest Sporting Goods Industry Hall of Fame for its Class of 2024 at a ceremony in Phoenix, Arizona on May 21. Etcetera: Brooks, Fanatics, Logo Brands, United Pickleball Association
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