BSN Sports has become a fixture in SGB Executive’s monthly roundup of M&A activity, and April saw the nation’s largest direct marketer and distributor of sporting goods to the school and league markets grow yet again with the addition of two more assets. In a busy month for deals in the active lifestyle market, surf, skate and snow brand Volcom found a new owner.
Author: SGB Media
RILA Criticizes Potential Move To Raise Tariffs
In a statement, RILA’s VP of international trade Hun Quach said that raising “tariffs on everyday goods will be a loser for middle-class families.” The statement came in response to President’s Trump threat to increase tariffs on Chinese goods.
Campus Den Files For Chapter 11 Bankruptcy
Campus Den, with 15 locations across Michigan, has filed for bankruptcy in U.S. Bankruptcy Court for the Eastern District of Michigan.
NRF Responds To Administration’s Threat To Raise Tariffs
In a statement, NRF’s SVP of government relations, David French, said that a “sudden tariff increase with less than a week’s notice would severely disrupt U.S. businesses.” The statement was in response to President’s Trump threat to increase tariffs on Chinese goods.
Life Fitness To Be Acquired By KPS Capital Partners
Brunswick Corporation entered into a definitive agreement with KPS Capital Partners, LP (KPS) under which KPS will acquire Brunswick’s Fitness business and related brands, including Life Fitness, for $490 million in cash.
Trump Resumes Tariff Threats Against China
On Sunday, President Donald Trump threatened to impose higher tariffs on China in a tweet, dashing hopes that Washington and Beijing would reach a trade deal in the near term. The prospect of a wider trade war sent global financial markets tumbling on Monday.
Report: Modell’s Taps Real Estate Adviser To Negotiate Leases
Modell’s Sporting Goods has hired real estate adviser A&G Realty Partners for a lease-renegotiation effort, according to a report from Debtwire.
Emerald CEO: Outdoor Retailer ‘Making Good Progress’ On Schedule Adoption
Outdoor Retailer is “making good progress” on convincing the industry that the three-show cycle—November for Winter Market, January for Snow Show and June for Summer Market—is the right cadence for buying cycles, according to Phil Evans, interim president and CEO and CFO of parent company Emerald Expositions Events Inc.
Firearms Background Checks Drop In April
FBI background checks, as adjusted by the NSSF, were down 6.9 percent in April to 992,642 compared to the April 2018 NSSF-adjusted NICS figure of 1.07 million.
Under Armour Partners With Long Island University
The Long Island University Department of Athletics announced that its unified athletics teams will enter into a five-year partnership with Under Armour as its official apparel supplier beginning in the 2019-20 academic year. The partnership will be executed by BSN Sports.
Umbro Extends Partnership With West Ham United
West Ham United said Umbro will remain as the club’s official technical partner until the summer of 2023.
Guspro Secures Mylec Licensing/Distribution In Canada
Guspro Inc., based in Chatham, Ontario, secured a long term licensing and distribution agreement for the Mylec brand of street and ball hockey products in Canada.
NormaTec Designated As An Official Supplier Of USA Softball
USA Softball announced that NormaTec, a leader in compression recovery technology for athletes, has signed on as an official supplier of USA Softball through February, 2021.
Decathlon To Open Ottawa Location
Decathlon will open a store in Ottawa in the fall for its fourth location in Canada, according to retail-insider.com.
Dick’s Announces The Grand Opening Of Three New Stores In May
Dick’s Sporting Goods will be opening two new Dick’s Sporting Goods stores and one new Golf Galaxy store in May.
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