Health & Fitness Association Sets New Board

Luke Carlson, founder and CEO of Discover Strength, becomes The Health & Fitness Association (HFA’s) new chairman. Al Noshirvani, managing partner of ALTA Technology Group and owner of Method Gym, acts as vice chair; Ahmar Azam, CEO and founder of TriFit, as finance chair; and Jeff Sanders, chief growth officer and partner of Energy Fitness, as secretary.

Uvex Group Sold to PE Firm

The German maker of helmets and goggles for ski, cycling and equestrian purposes announced that Warburg Pincus will acquire a majority interest in the company. The owner families Winter and Grau will retain a significant minority stake and be actively involved in the future growth of the business.

EXEC: Trump Announces New Trade Deal with Vietnam

The revised deal includes the elimination of Vietnam tariffs on U.S. goods and a higher tariff on Vietnam shipments to the U.S, although it amounts to less than half of the 46 percent tariff imposed by the Trump Administration in early April.

Altri Acquires Majority Stake in Fiber Specialist AeoniQ

Portuguese fiber producer Altri SGPS S.A. has agreed to acquire a majority interest in Swiss clean technology company AeoniQ to support the commercial-scale development of a biodegradable cellulose-based filament designed to replace polyester and nylon.

Puma Extends Partnership with Borussia Dortmund

Puma’s partnership with Borussia Dortmund (BVD), the second most decorated German football team, with eight domestic league championships, five DFB-Pokals and six DFL-Supercups, began with the 2012/13 season.

Perfect Moment Raises $3M in Stock Sale

The London-based skiwear and activewear company reported that it sold 10 million shares for $0.30 a share. In addition, the company has granted the underwriters a 45-day option to purchase up to an additional 1.5 million shares to cover over-allotments