Compass Diversified Acquires Lifoam Industries

Compass Diversified announced that its subsidiary, Altor Solutions, a manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, completed its previously announced acquisition of Lifoam Industries, LLC.

Foot Locker Partners to Expand into India

Foot Locker launched operations in India for the first time through licensing arrangements with Metro Brands Ltd operating Foot Locker physical stores and Nykaa Fashion operating the e-commerce business.

EVent Fabrics Announces New Hires

EVent Fabrics announced the hiring of Bartosz Lassak as senior sales manager for the Eastern U.S. region, Xie Yi as textile engineer and Terry Kim as senior consultant in Korea.

Shoes For Crews Names New Board Members

A global provider of slip-resistant safety footwear products, announced the selection of its new board of directors, which includes Donald Watros, Jame Donath, Chris Quinn, and Colin Browne. This new board brings years of experience working in the footwear, financial services and consumer product industries.

CheaperThanDirt Acquired by 2A Group

Based in Fort Worth, TX, the CheaperThanDirt.com brand offers a wide range of ammunition, shooting accessories, and outdoor gear. It began as a mail-order catalog business in the early 90s. 

Nike Crushes Q1 EPS Targets, Warns of Guidance Adjustment

Nike Inc. reported earnings for its first quarter handily topped Wall Street targets, but said it was postponing its upcoming Investor Day and indicated it “would address its approach to guidance” on its quarterly analyst call in light of the appointment of Nike veteran Elliott Hill as CEO. Sales in the quarter were down 10  percent with declines of 13 percent in direct and 8 percent in wholesale channels.