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July 10, 2024


Vista Outdoor Suitor MNC Capital Vows Offer Still Stands

As VSTO awaits its July 23 special meeting where shareholders will vote whether to approve the board-endorsed sale of The Kinetic Group to Czechoslovak Group, rival bidder for the full company, MNC Capital, said its offer remains on the table.

Perfect Moment Plans E-commerce Push

The luxury skiwear and lifestyle brand narrowed its loss in the fiscal year ended Mar. 31 to $8,722,000 from a loss of $10,305,000 prior, as revenues inched up 4% to $24,443,000 from $23,438,000.

Manchester United Commercial Revenues are Flat

ManU commercial revenue was flat in the fiscal third quarter ended Mar. 31 at £69.6 million ($75.7 mm) as retail, merchandising, apparel & product licensing was also flat at £28.9 million ($31.4 mm), driven by its Adidas extension, partially offset by lower Megastore sales due to playing nine fewer matches at Old Trafford.

Yue Yuen Sees Footwear Up, Retail Down in June

Yue Yuen’s manufacturing segment revenue inched up 1% in Jun., to an implied $453,421,000 from $449,442,000 last year, while total sales ticked down 4% at the Chinese footwear manufacturer and retailer to $647,531,000 for the month.

American Exchange Group Acquires Island Surf

American Exchange inked an agreement to acquire casual footwear brand Island Surf Company, which will become a division of White Mountain Footwear, a brand it acquired last Jan.

Revelyst Divests Wood Pellet Maker

Vista Outdoor’s outdoor products segment has sold Fiber Energy, the maker of fuel for wood pellet grills and heaters, Lignetics, the largest residential wood pellet manufacturer in the U.S.

Etcetera: REI, MEC, Matrix Fitness, Hanesbrands, Rawlings

 
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