Canada's Dorel Industries Ltd. acquired the Cannondale Bicycle Corporation and Sugoi Performance Apparel in an all cash deal valued at $190 million to $200 million. Cannondale and Sugoi are being purchased from an affiliate of Pegasus Capital Advisor
Author: Charlie Lunan
Icon Eyewear Licenses Avia and AND1 Brands
Icon Eyewear will produce and distribute sunglasses under the AND1 and Avia brands under a licensing agreement with American Sporting Goods. Icon will create AND1 sunglasses designed for the fashion forward, urban man. The Avia brand eyewear will feature
Spyder Buys Cloudveil
Spyder Active Sports, Inc has acquired Cloudveil Mountain Works, Inc. Cloudveil will remain a separate brand entity and operate as a wholly owned, independent division of Spyder Active Sports. Cloudveil’s founders have signed multi-year contracts to stay
Terramar Targets Base Layer Sales in Canada
Terramar is expanding its base layer sales to Canada with a new Canadian sales initiative. Sam Rubinfeld is heading up the Canadian sales team. A veteran of the sports industry, Rubinfeld spent the last 13 years as division manager of the knitwear divisi
Women’s Apparel Earns Mountain Hardware REI Vendor of Year Honors
REI named Mountain Hardwear Inc. as its 2008 Vendor Partner of the Year Award in REI’s Outdoorwear division. REI said Mountain Hardware redesigned much of its women's apparel, a category that helped propel much of REI's growth in 2007. It marked
Hanesbrands Sales Up 2.4% in Q4
Hanesbrands Inc. ended its first year as an independent company by more that doubling its diluted earnings pe share. Excluding extraordinary actions, the apparel company said its diluted earnings per share increased 31 percent in the quarter to 38 cents a
HEAD Teams With 3point5 on Pro Deals
HEAD has partnered with retail training company 3point5.com to administer pro deal programs at specialty retailers. The partership induces Pros at HEAD retailers to study HEAD products on 3point5.com and take online tests to earn points which can be redee
Unifi Cuts Q2 Loss by 57 Percent
Unifi cut its lossess in the second quarter ended Dec. 23 by 57 percent despite a weak retail environment and rising input costs. The maker of textured nylon and virgin and recycled polyester yarns said temporary issues within the global supply chain had
Brunswick Q4 Profits Plummet on 5% Sales Gain
Brunswick Corporation reported net sales of $1.44 billion for the 2007 fourth quarter, up 5% from $1.37 billion a year earlier. Operating earnings for the fourth quarter of 2007 totaled $14.2 million, as compared with $30.5 million in the year-ago quarte
Spanish Company Licenses AND 1 Brand
American Sporting Goods has licensed its basketball inspired brand, AND 1 to Basket King of Madrid, Spain. Basket King will be an official licensee for the AND 1 brand for adult, kids and team apparel products distributed throughout Eurpoe, Asia, the Midd
Garmin to Ship First Phone in Q3
Garmin International Inc. finally entered the mobile phone market with the nuvifone, an all-in-one, sleek and slim, touchscreen device that combines a premium phone, mobile web-browser, and cutting-edge personal navigator. Garmin said the touchscreen nuvi
OR Winter Marketplace Closes on High Note
Ending an energetic week in Salt Lake City that included a preview of fall ’08 apparel, gear and accessories, plenty of natural snow, and fashion shows packed to capacity, Outdoor Retailer Winter Market closed on a high note showing a resilient industry c
Columbia Q4 Sales Up 4%; Company Sees Weaker Q1
Columbia Sportswear Co. said net sales rose 4% in the fourth quarter ended Dec. 31, thanks to robust growth in Latin America, Asia Pacific and Canada. The Columbia brand posted 6% growth and Mountain Hardwear increased 15% fro the quarter, while Sorel mo
Wolverine Bests Estimates, Raises 2008 Outlook
Wolverine World Wide, Inc. fourth quarter 2007 earnings per share increased 16.7% over the same period last year. Earnings per share grew 15.6% to a record $1.70 for the fiscal year, exceeding the upper-end of WWW's estimate by 5 cents. Revenues wer
Adidas to Buy Back 5% of Shares
Adidas AG launched a share buyback program of up to 5% of the company’s stock (up to 10,182,248 shares) effective immediately. At current market prices, the program represents an aggregate purchase price of up to € 420 million. Adidas AG intends to cancel
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