Brunswick Corporation announced that the company has entered into a definitive agreement to acquire Power Products-Global Marine & Mobile business, which includes the global marine, specialty vehicle, mobile, industrial power and transportation aftermarket products businesses of Power Products, for $910 million in cash.
Author: SGB Media
Amer Sports Completes Peak Performance Acquisition, Appoints Board Member For Apparel
In conjunction with the acquisition to support growth across its apparel brands Arc’teryx, Salomon and Peak Performance, Jon Hoerauf, general manager Arc’teryx, has been appointed president Amer Sports Apparel Category and member of Amer Sports executive board.
Adidas Announces Data Breach
Adidas announced that the company is alerting certain consumers who purchased on Adidas.com/US about a potential data security incident.
Pearl Izumi Reveals Social Purpose Statement
Pearl Izumi announced that the company has embraced a new Social Purpose statement: “Ride More and Do More.” The brand also plans to introduce eco-friendly hangtags, will no longer print product catalogs and is introducing a Renewal Workshop program to repair and resell Pearl Izumi merchandise.
Gander Outdoors Prepares for Grand Opening In Tonawanda, NY
The 70,000-square-foot location is one of the retailer’s five planned facilities in the state.
Dorel Sports Sells Sugoi And Sombrio To Louis Garneau Sports
Dorel Industries Inc. announced that the company’s Dorel Sports segment has sold the Sugoi and Sombrio brands to Louis Garneau Sports Inc., divesting the company’s performance apparel line of business to focus on the company’s core strategic businesses of bikes, parts and accessories and electric ride-ons.
Rocky Boots Named Title Sponsor of 2018 “Save Our Heritage” Rally
The Sportsmen’s Alliance announced that Rocky Boots has been named title sponsor of the 22nd annual “Save Our Heritage” Rally in Columbus, OH, August 18.
Retailers Say Customer Service Will Suffer Under ‘Deeply Flawed’ California Privacy Law
The National Retail Federation called new state privacy legislation expected to be signed into law in California today “deeply flawed” and said customer service could be severely hampered if the legislature fails to address retailers’ concerns before the measure takes effect in 2020.
National Golf Rounds Played Up In May
National golf rounds played increased 5.3 in May compared to May 2017, according to the latest report from Golf Datatech. Year to date, national golf rounds played are down 4.1 percent.
Nike Q4 Sales Soar 13 Percent To Nearly $10 Billion
Nike Inc. reported fourth quarter revenue increased 13 percent to $9.8 billion, driven by strong double-digit revenue growth in international markets and Nike Direct globally and a return to growth in North America.
Under Armour Closes Philadelphia Brand House Location
Under Armour confirmed to the Philadelphia Inquirer that the company has closed the Brand House location in Philadelphia.
Clarus Finalizes New $150 Million Revolving Credit Facility
Clarus Corporation, the parent of Black Diamond, Sierra and Pieps, has signed a new $75 million credit facility agreement, plus an uncommitted accordion feature providing for an additional $75 million, for a total of up to $150 million with J.P. Morgan Chase Bank.
Camping World Announces Launch Of Gander RV Sales
Camping World Holdings Inc. announced plans to dramatically increase RV sales locations over the next 15 months through the launch of Gander RV Sales, new store openings and continued acquisitions. With 50 Gander Outdoors opened so far this year, 40 Gander RV Sales branded locations are projected to open by spring 2019.
New Balance Hires New Media Agency
New Balance has chosen Mediahub and the media arm of IPG-owned MullenLowe as the company’s U.S. agency of record following a review.
Fila To Debut At Milan Fashion Week
Fila will make the company’s runway debut at Milan Fashion Week in September in the company’s first appearance at one of fashion’s top events, according to Women’s Wear Daily.
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