It will be a steep climb back for the embattled parent of Raleigh and other bike brands, according to the latest ratings update from Fitch, which estimates Accell’s sales dropped 15% in 2025.

Profits at the Swedish outdoor apparel specialist increased 12% to SEK 140 million ($14.8 mm) from SEK 125 million in the fiscal second quarter ended Dec. 31, as revenues climbed 6% to SEK 726 million ($76.7 mm) from SEK 684 million.

The Rip Curl, Kathmandu, and Oboz parent said that sales grew 8% for the five months ended Dec. 25, driven by direct-to-consumer, especially at Kathmandu over the Black Friday and Christmas retail trading periods.

The Big Cat is separating training into its own business unit, elevating it to the same level as current global focus categories running, football, and sportstyle.

The connected fitness company is cutting around 11% of its workforce, primarily from engineering and technology teams, as Peloton aims to save $100 million annually amid declining sales and high operating expenses.

The Chinese sportswear brand will pay 100.50% of the face value to repurchase all HK$500 million ($64.2 mm) of its 1.5% convertible bonds due 2026, and concurrently issue the same amount of zero-coupon convertible bonds due 2029.

The Giant Bicycle parent launches its Phase Three recruitment fee remedy program, with expanded coverage applying to eligible former migrant workers who left the company during the two years preceding the U.S. Customs and Border Protection’s Withhold Release Order issued in Sep.