Clarus Corp., the parent of Black Diamond, announced it has entered into a definitive agreement to acquire privately-held S.K.B. Corporation (SKB), a leading manufacturer of protective cases, for $85 million in cash and 1.15 million shares of Clarus common stock.
Author: SGB Media
Modell’s Files For Bankruptcy, Plans To Liquidate
Modell’s Sporting Goods filed for Chapter 11 bankruptcy protection in New Jersey. The family-owned retail chain will begin liquidation sales in all stores and plans to continue its online sales during the process.
Roger Federer Gets RF Logo Back From Nike
Roger Federer, who left Nike to join Uniqlo in 2018, has obtained the rights to his “RF” logo from Nike, according to Tennis.com.
2020 Bicycle Leadership Conference Rescheduled To September
The 2020 Bicycle Leadership Conference (BLC), originally slated for April 14 to 16, has been rescheduled for September 29 to October 1 in Monterey, CA. The BLC is a PeopleForBikes event that has been produced in partnership with the Sea Otter Classic (SOC) for the last 11 years.
USA Cycling Announces Jim Miller’s Return As Head Of Elite Athletics
USA Cycling President and CEO Rob DeMartini announced Scott Schnitzspahn’s resignation and Jim Miller’s return to USA Cycling.
Safoli Group’s 2019 Growth Boosted By Smith Optics
Safoli Group S.P.A., the parent of the Smith Optics brand, reported sales in 2019 grew 3.1 percent on a reported basis and gained 0.9 percent at constant exchange rates.
SportsEngine Partners With USA Football
SportsEngine Inc., a leading provider of sport relationship management software, has signed on as the official provider of abuse prevention training for USA Football. In addition, SportsEngine’s subsidiary, National Center for Safety Initiatives (NCSI), is a new and preferred USA Football provider of youth football volunteer background checks.
Academy Sports Partners With Big 12
The Big 12 Conference and Academy Sports + Outdoors announced a new multi-year partnership featuring the first-ever title sponsorship of Big 12 Football Media Days.
HanesBrands Announces Executive Leadership Succession
HanesBrands, the parent of Champion, announced that Gerald W. Evans Jr. has notified the company’s board of directors of his decision to retire at the end of the current fiscal year, which ends Jan. 2, 2021.
While Clarus Hints At M&A, Black Diamond Shines In Q4
John Walbrecht, president of Clarus Corp. and its flagship brand Black Diamond (BD), said the Salt Lake City, UT-based company could be adding another asset to its portfolio that also includes Sierra Bullets, Pieps and SKINourishment. His comments came after a strong Q4 led by double-digit growth at Black Diamond.
Puma Withdraws Guidance Due To Coronavirus Uncertainty
Puma said it no longer expects its business will return to normal soon, despite encouraging signs coming out of China, adding it was abandoning the 2020 guidance it gave on February 19 that had assumed the crisis would be short-lived.
Adidas Warns Of 10 Percent Q1 Revenue Decline
Adidas said it expects first-quarter sales to fall more than 10 percent as revenues in Greater China tumble between €0.8 billion and €1.0 billion below the prior-year level due to the coronavirus outbreak. The guidance assumes a decline of about €100 million in Japan and South Korea while the rest of the world grows at a currency-neutral 6 percent to 8 percent.
RYU Apparel Appoints New CEO
RYU Apparel Inc., the Vancouver-based activewear brand, announced the resignation of Marcello Leone from his position as CEO and president. Cesare Fazari was appointed interim CEO, effective immediately.
Bogs Sales Dip In Fourth Quarter
Weyco Group Inc. reported wholesale sales of the Bogs brand in North America were down 5 percent for the fourth quarter due to lower sales in Canada as a result of the mild start to the winter. For the year, Bogs sales were up 17 percent.
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