Vista Outdoor To Acquire Fox Racing

Vista Outdoor, Inc. announced it had entered into a definitive agreement to acquire Irvine, CA.-based Fox Racing, the manufacturer of motocross, mountain bike and lifestyle-related gear, at a purchase price of $540 million, with the potential for an additional $50 million earnout based on the company’s financial performance.

Lululemon Launches In Spain

Lululemon Athletica, Inc. announced plans to open its first two stores and a local e-commerce site in Spain. Spain is a new European market for the brand since 2019.

OBIT: Bruce Katz

Bruce Katz, the co-founder of Rockport and the founder of Samuel Hubbard Shoe Company, has passed away. He was 75.