Black Diamond Sells POC for $65 Million

Black Diamond Inc. has sold POC for $65 million, or nearly two times revenue and 1.4 times what it paid to acquire the Swedish maker of high-end skiing and cycling gear in 2012. Bahrain-based Investcorp, which has a history of acquiring and selling sporti

California Governor Signs E-Bike Legislation

California Governor Jerry Brown signed new e-bike regulations into law Thursday that had been sought by the Bicycle Product Suppliers Association (BPSA), PeopleForBikes and the California Bicycle Coalition…

Sports Direct Poised to Acquire Warrnambool

Sports Direct International plc, the UK's leading sports retailer, has reached agreements to acquire Warrnambool retail group, which houses Sport Direct shops in 27 of its stores in the Republic of Ireland…

US Apparel Imports Rise 13.5 Percent in August

Apparel imports to the United States increased 13.5 percent in August and are now running 7.0 percent ahead of year ago levels for the year-to-date period ended Aug. 31, according to the U.S. Department of Commerce…

Gymcraft Wins Spot at Breed Reply Incubator

Gymcraft, which creates virtual reality games people can experience while exercising on standard fitness machines, landed an undisclosed equity investment from UK-based technology incubator Breed Reply…