Adidas Q3 Profits Leap, Sales Impacted By Softness In Europe

Adidas hiked its 2018 profit guidance, citing a strong earnings performance in the third quarter, but trimmed its revenue target due to weaker-than-expected growth in Western Europe. Revenues at the Adidas brand increased 10 percent in the quarter, driven by double-digit growth in Sport Inspired as well as high-single-digit growth in Sport Performance. Revenues at Reebok decreased 5 percent.

Lew’s Holdings Acquires Southern Plastics

Lew’s Holdings Corporation, the supplier of fishing and hunting products  through Lew’s, Strike King, and Hunters Specialties, announced that it has acquired Southern Plastics Company Inc., a manufacturer of soft plastic fishing lures.

HydraPak Acquires Polar Bottle

HydraPak, maker of performance hydration products and the largest OEM supplier of reservoirs globally, on Tuesday announced its acquisition of Polar Bottle. Financial terms of the deal weren’t disclosed.

Brooks Running Strengthens Position In Europe

Brooks Running recently organized its European business into three commercial territories (North, Central and South), each with its own business leader to better capitalize on growth. Brooks also recently appointed a new EMEA Sales Director and EMEA Marketing Director.

Vicis Amasses $28.5M In Funding Round

Vicis Inc., the maker the ZERO1 football helmet, announced the closing of a $28.5M Series B funding, which includes an investment from All-Pro NFL quarterback Aaron Rodgers through Rx3 Ventures.

O2COOL Acquired By Maurice Sporting Goods

Maurice Sporting Goods, which is owned by Middleton Partners, has acquired Chicago-based O2COOL, which makes portable fans, water-cooling hydration bottles, outdoor accessories and other novelty items. Financial terms weren’t disclosed.