Two major private equity firms, Permira and Triton, are exploring an acquisition of Reebok from Adidas, according to a report in the Financial Times.
Author: SGB Media
Camping World Opens New SuperCenters In Texas, Louisiana And Idaho
Camping World Holdings Inc. has expanded its national footprint with the recent openings of Camping World SuperCenters in Spring, TX and Breaux Bridge, LA, along with a planned opening of a Gander RV SuperCenter in Pocatello, ID, scheduled for December 1.
Mizuno’s Profits Tumble In Six Months
Mizuno Corp. reported a significant decline in profits in the six months ended September 30 as sales dropped 22.5 percent.
VF Corp. To Acquire Supreme
VF Corp. signed a definitive merger agreement to acquire Supreme, the streetwear brand. Current investors, The Carlyle Group and Goode Partners are selling their stakes in the Supreme brand. VF said the Supreme brand offers a $1 billion global opportunity over time through international and DTC expansion.
Altitude Sports Makes New Appointments
Altitude Sports, Canada’s online outdoor retailer, appointed Bao Trinh and Ian Booler, as vice president of merchandising and vice president of finance, respectively.
Clarks Secures Private Equity Deal With LionRock Capital
Clarks has sold a majority stake in the company to Hong Kong-based private equity firm LionRock Capital. The investment in the 195-year-old U.K.-based shoe brand and retailer amounted to £100 million (approximately $131mm). The Clark family will remain a key shareholder in the business.
Medical Fitness Association Names Kevin McHugh To Board Of Directors
The Medical Fitness Association (MFA) announced that Kevin McHugh, COO of The Atlantic Club in New Jersey, a MFA Certified Facility, has been appointed to the MFA Board of Directors.
Lanctôt To Distribute Mavic In Canada
NRG Enterprises, a division of Raymond Lanctôt Ltd., has signed a multi‐year agreement for the Canadian distribution of Mavic, the French cycling brand.
Bass Pro’s Debt Ratings Upgraded
Moody’s raised the debt ratings of Bass Pro Group LLC. The rating agency said Bass Pro has been resilient through the coronavirus pandemic as it reported positive sales momentum continuing through the third quarter following the initial temporary store closures at the onset of the outbreak.
Inside The Call: Peloton Continues To Battle Lengthy Delivery Times
Peloton Interactive reported another quarter of explosive growth amid the booming at-home fitness trend during the pandemic with revenues running up 233 percent in its first quarter ended September 30; however, fulfillment bottlenecks and shipping delays continue to frustrate efforts to catch up to demand.
Inside The Call: Canada Goose Beats Fiscal Q2 Estimates On E-commerce, China Growth
Canada Goose Holdings Inc. beat Wall Street expectations for the fiscal second quarter ended September 27, posting a profit on lower revenues in the period. GOOS shares were up nearly 7 percent on Thursday after the company pointed to strength in China and the e-commerce business.
Inside The Call: Yeti Posts Strong Q3 But Light Inventory Could Hinder Early 2021 Efforts
Yeti Holdings Inc. became the latest billion-dollar brand in the third quarter, crossing $1 billion in net sales for the trailing 12-month period ended September 26 as the company posted strong double-digit growth with balanced contributions from Drinkware, Cooler & Equipment.
Aisle Talk Week Of November 2, 2020
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of November 2, 2020, covered in the SGB Updates and delivered to your inbox every business day.
Acushnet’s Q3 Revenues Expand 15 Percent
Acushnet Holdings Corp., the parent of Titleist, reported earnings more than doubled in the third quarter as sales grew 15.1 percent.
Dorel Sports’ Q3 Revenues Climb 22 Percent
Dorel Industries reported revenues at Dorel Sports reached $305.6 million in the third quarter, an increase of 22.1 percent year-over-year.
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