Cratering sales, production curtailments and financial constraints that have plagued the embattled apparel maker culminated in a Chapter 11 filing in the Delaware bankruptcy court last week, aiming to sell Salt Life and the company’s other assets.

The Vista Outdoor board urged shareholders to back the Kinetic Group sale to Czechoslovak Group after CSG’s upped its offer by $100 million to $2.1 billion, increasing cash consideration to shareholders by $3.00 per share to $21.00.

While the fate of sister banner, EMS has not yet been decided, bankrupt parent company Mountain Sports LLC will close all 21 remaining Bob’s Stores after liquidation sales are complete.

The Chinese sportswear giant, who continues to benefit from the PRC’s recovery and favorable government policy in the broader retail market following the end of Zero-Covid, said its second quarter revenue from the core Anta brand was up high-single digits.

The ratings agency downgraded Dutch bikemaker Accell to CCC- from CCC+ following weak sales results in the first half and because its holding company, Sprint HoldCo B.V., plans to change its capital structure to improve liquidity.

NICS FBI Background checks, as adjusted by the NSSF, was down for the sixth consecutive month of year-over-year declines, dropping 4.7% in June to 1,059,037 from 1,110,696 last year.

Australian recycler Samsara Eco has raised about $65 million in its latest funding round, from Singapore state investment company Temasek, Hitachi’s venture capital arm, and Lululemon, among others.

The golf shoe maker raised $1 million in new capital during the second quarter, and noted that PGA Championship winner, Jason Day, has taken an equity position in the brand.

C&H, which owns family-owned gun optic maker C&H Precision, has completed the acquisition of Paragon and assumes full ownership of the firearms cleaning solution maker.

The founder and former CEO of The Sports Authority and iconic sporting goods industry executive passed away on Mar. 20 at the age of 88.

The long serving Lifetime Products CEO and president Richard David Hendrickson died on July 6 in a car accident that also claimed the life of his daughter, Sally.

The founder of Canadian retailer, Al Anderson’s Source for Sports and former NSGA board chairman passed away on July 2 at the age of 92.

DECK filed suit in Louisiana federal court against an unnamed Brazil-based entity accusing them of cybersquatting and infringement on its Ahnu trademark.