Author: SGB Media

“The essence of America — that which really unites us — is not ethnicity, or nationality, or religion. It is an idea — and what an idea it is: that you can come from humble circumstances and do great things. That it doesn’t matter where you came from, but where you are going.” —Condoleezza Rice ••• From […]

Top headlines from the active lifestyle industry you may have missed this week, including the U.S. and China agreeing to resume trade talks after a seven-week breakdown, and the Trump administration deciding to hold off adding 25 percent tariffs on $300 billion in Chinese imports, which would have included apparel and footwear classifications and other popular consumer products.

Arizona on Tuesday rescinded a $1 million incentive for Nike Inc. to build a plant in the state after the footwear giant canceled this week’s launch of its new limited edition USA-themed Air Max 1 Quick Strike sneaker for the Fourth of July holiday.

Italy-based Oberalp Group on June 21 broadened its focus on mountain sports by announcing the acquisition of U.S. climbing shoe brand Evolv. That was just one highlight from a busy month for M&A in the active lifestyle space that also included deals in the fishing and fabric categories. Our June M&A Roundup breaks them down.

Sherrill Inc., a Greensboro, NC-based arborist and climbing gear company, on Tuesday announced the acquisition of Biddeford, ME-based life safety rope manufacturer Sterling Rope Company Inc. Financial terms of the deal weren’t disclosed.

Nike canceled Monday’s launch of its new limited edition USA-themed Air Max 1 Quick Strike sneaker for the Fourth of July holiday after criticism that it featured an early American flag that some found offensive.