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July 16, 2025


Coats Is Acquiring OrthoLite for $770 Million

Aiming to create a super-tier 2 supplier of footwear components, U.K.-based Coats will acquire insole maker OrthoLite for an enterprise value of $770 million, plus a potential $10 million earn-out.

GrabAGun Goes Public in Reverse Merger

Shareholders gave a thumbs up to the mobile-focused gun e-tailer’s merger with SPAC Colombier Acquisition Corp. II on Tuesday, setting up the now-GrabAGun Digital Holdings Inc. to debut on the NYSE under the symbol PEW after board member Donald Trump Jr. rang the opening bell.

Nike Downgraded by S&P Global

The Swoosh’s issuer credit rating was lowered by S&P one notch to A+ from AA- with a stable outlook, citing sales and margin declines last year that are expected to persist into fiscal 2026.

Mips’ Profits Pressured by Legal Bills

Revenues at the Swedish helmet technology company inched up 1% to SEK 135 million ($11.0 mm) from SEK 133 million, hurt by the weakened dollar against the krona, and would have been 12% higher constant currency.

Xtep Growth Moderates, but Saucony Outperforms

The Chinese sneaker and apparel brand reported low-single-digit retail sell-through gains in the second quarter for the core Xtep brand, including both brick-and-mortar and e-commerce channels.

Etcetera: Lululemon, Adidas, Rygr, Puma, Sierra Bullets, Baja Llama

 
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