Helped by a big swing in foreign exchange gains from the weak yen, Shimano’s net income soared in the final quarter to ¥34,986 million ($229.6 mm) from ¥973 million a year ago, as revenues jumped 17% to ¥116,114 million ($761.9 mm) from ¥99,098 million.

The brand management firm continued its push into the streetwear and action sports realms with the addition of luxury streetwear brand Palm Angels to the portfolio, acquiring it for an undisclosed amount from Italian luxury holding company New Guards Group.

Net income nearly quadrupled to ¥3,695 million ($24.2 mm) from ¥945 million for the fiscal first half ended Dec. 31 on revenues that gained 7% to ¥130,402 million ($855.7 mm) from ¥122,401,000.

The bicycle component maker will use its new $600 million senior secured first lien term loan B, due in 2032, along with cash to refinance its existing $624 million outstanding on its current term loan due in 2028.

The seven-time Super Bowl Champion has acquired a 50% stake in the sports cards and collectibles retailer, which will rebrand as CardVault by Tom Brady going forward.

The maker of Gore-Tex is being sued by four individuals in a proposed class action filed in WA district court over marketing campaigns which tout its commitment to environmental responsibility.

The USPTO’s Trademark Trial and Appeal Board sided with Under Dog, ruling that OuterArmour’s mark was too similar and was likely to cause confusion in the marketplace.

The Australian founder of Rip Curl and Quiksilver died of cancer on Jan. 14, at the age of 77.