Leaving the gate with a strong start for the year, first quarter net income jumped to $138.1 million from $6.9 million, on revenue up 23% to $1,472.5 million from $1,192.5 million, and 26% higher constant currency.

Authentic Brands Group is paying $311 million, or about 1x revenues, for LEVI’s casual apparel brand, though an $80 million earnout opportunity could bring the total value of the deal up to $391 million over time.

A week after Moody’s put the 5.11, Boa, Primaloft, and Velocity Outdoor parent’s ratings under review, it now lowered CODI’s corporate family rating to B2 from Ba3 and also cut its debt ratings.

The bitter brotherly feud that began in Herzogenaurach, Germany and spawned Adidas and Puma will be coming to the small screen with the help of family archives.

iFit is expanding into the connected pilates space with its acquisition of Reform RX, which is known for its reformers and workout content catering to boutique fitness studios and wellness centers across the U.S. and the U.K.

The Eager Beavertons are letting go an unspecified number of staffers in its technology division, according to multiple reports, and plan to outsource some functions to third-party providers.