Lehman Acquiring Minority Stake in SRAM
Lehman Brothers Merchant Banking (LBMB) has agreed to purchase a minority stake in the bicycling components maker SRAM. While terms of the deal were not disclosed, SRAM will use part of the proceeds to establish a $10 million SRAM Cycling Advocacy Fund to
Eurobike Reports High Attendance and Confidence
Eurobike is reporting record attendance of 36,800 trade visitors from 75 countries, 18,000 bicycle fans at its Open House Day and 1,430 journalists from 32 countries. Ninety percent of the trade visitors surveyed rated the economic situation as stable to
Cole Haan Launches Sharapova Collection
Cole Haan, a subsidiary of Nike, announced Maria Sharapova will serve as a lead collaborator and the face of Cole Haan Sporting, a new collection for Spring 2009, rooted in sport and fashion. The collection introduces new technologies like Flywire which b
Acushnet to Shift Production to Asia
The Acushnet Company plans to produce its top-selling Titleist Pro-V1 golf balls in Asia within 3 to 5 years. The company will trim domestic production of the Pro-V1 by about 20% and eliminate an estimated 100 jobs through attrition in coming years, accor
ASR Sees Slower Traffic, But Attendees Generally Pleased
The Action Sports Retailer show this past weekend was more subdued than it has been in years past, as relatively empty aisles reflected what some in attendance attributed to a difficult economy, a later back-to-school period or possibly the exit by sever
Quiksilver to record ‘Significant’ Loss on Rossi Sale, DC Leads the Pack in Fiscal Q3
Quiksilver, Inc. ended its fiscal third quarter with a sales increase derived largely from the effects of shifting currency exchange rates, but the prospect of getting the Rossignol business off the books helped to buoy management’s outlook. As detailed
NFL Orders up Some Junk Food
Junk Food Clothing has entered into an apparel licensing agreement with the National Football League to create a retro-inspired lifestyle collection. The Junk Food NFL Lifestyle Collection will make its debut at better boutique, specialty store and depart
Disabled Sports USA Member Represents US at Paralympic Games
Disabled Sports USA today announced its Executive Director Kirk Bauer was a member of the six member presidential delegation appointed by The White House to represent the United States at the Opening Ceremonies of the 2008 International Paralympics in Bei
Globe Write-Down Prompts Loss of Nearly $25M
Globe International, an Austraila-based maker and distributor of boardsports related products, lost $24.6 million on total revenues of $122.3 million for fiscal 2007-08 due largely to one-time non-cash goodwill adjustment. Net sales rose 5.2% in constant
Sport Chalet Strikes Deal with UCLA
Sport Chalet, Inc. has signed an exclusive sponsorship agreement with the University of California at Los Angeles (UCLA). The deal gives SPCH a highly visible presence at UCLA for all home games from 2008 to 2011. In addition, Sport Chalet will receive Ol
Dick’s and MLS Target Low-income Kids with Shopping Spree
Dick's Sporting Goods will pair 50 disadvantaged kids with Major League Soccer players for shopping sprees. All of the participating children will be given a complimentary gift card and then accompanied through the store by an MLS player, who will he
Ashworth Partners with Golf Channel
Ashworth, Inc. has partnered with Golf Channel as the golf-apparel supplier for Golf Channel's new season of “Big Break X: Michigan,” which debuts October 7. The show's eight two-person teams have been supplied Ashworth product from the company&
Gander Mountain’s CEO Resigns
Gander Mountain Co. announced that Mark R. Baker has stepped down as president, chief executive officer and a board member, effective Sept. 8. Baker resigned from the company in order to become president and COO of The Scotts Miracle-Gro Company, a compan
Hamilton Named Brunswick CFO
Brunswick Corporation announced that Peter B. Hamilton has been named its senior vice president and chief financial officer, effective Sept. 15. He replaces Peter G. Leemputte, who resigned to take a position with another company…
Callaway Golf President and CEO Sign New Agreement
Callaway Golf Co. announced that the Board of Directors and George Fellows, president and CEO, have agreed to amend and extend the term of his employment agreement through December 2011…
