In response to President’s Trump threat to increase tariffs on Chinese goods, SFIA said it has communicated with the Trump Administration, along with other member companies, for months and has been clear that if these tariffs are imposed, companies will be forced to raise prices, reduce production, divert resources from planned research and development, and potentially lay offs.
Category: Sports/Fitness
Sequential Brands Posts Q1 Loss On Impairment Charge
Sequential Brands Group Inc., the parent of Avia, And1 and Gaiam, reported a steep loss in the first quarter due to an impairment charge related to the sale of the Martha Stewart and Emeril Lagasse brands. The company also noted that first-quarter results came in below expectations.
Acushnet’s Earnings Dip In Q1
Acushnet Holdings Corp., the parent of Titleist and FootJoy, reported net earnings declined 15.9 percent in the first quarter as sales decreased 1.8 percent due to weakness in Japan and Korea. U.S. sales increased 5.1 percent in the quarter.
Gordon And Lord Selected To Lead SFIA’s Baseball/Softball Council
The Sports & Fitness Industry Association (SFIA) announced new co-chairs of the Baseball/Softball Council.vAndrea Gordon, CEO of Diamond Sports, Inc. has been chosen to represent the baseball sector of the committee, and Tim Lord, Senior Director of Product Marketing and Development at Dudley Softball & Spalding Baseball will represent the softball side.
Brooks Running Extends Partnership With Marine Corps Marathon
Brooks Running Company and Marine Corps Marathon Organization (MCMO) have agreed to extend their relationship for another five years.
Delta Apparel Q2 Boosted By Triple-Digit Growth In Digital Printing
Delta Apparel’s profits in its second quarter ended March 30 were pulled by many expected and some unexpected cost pressures. Sales managed to increase almost 3 percent as continued momentum at DTG2Go offset weather-related sales declines at Salt Life and Soffe.
Advertising Missteps Sink Nautilus’ Q1 Performance
Leaders at Nautilus Inc. must be happy to put the first quarter behind them. Not only did the period see the company lose its CEO, but Monday’s first-quarter earnings report revealed much deeper problems than a C-suite transition, starting with advertising missteps that diminished its direct segment revenue.
Norwest Equity Partners Names Tony Armand As Newest Investment Partner
Norwest Equity Partners (NEP), a leading middle market investment firm, has announced the expansion of its leadership group with the naming of Tony Armand to partner.
New England Fitness Sold To Centre Partners
The MFA Companies announced that New England Fitness and affiliates, now doing business as One World Fitness PFF, LLC, was recently acquired by Centre Partners, a leading middle market private equity firm.
Nautilus Suffers Steep Q1 Sales Drop
Nautilus Inc. reported a net loss in the first quarter as sales tumbled 26.5 percent due to sluggish sales by the Bowflex Max Trainer in Direct channels.
April M&A Roundup: BSN Grows Again, Volcom Gets Liberated
BSN Sports has become a fixture in SGB Executive’s monthly roundup of M&A activity, and April saw the nation’s largest direct marketer and distributor of sporting goods to the school and league markets grow yet again with the addition of two more assets. In a busy month for deals in the active lifestyle market, surf, skate and snow brand Volcom found a new owner.
Campus Den Files For Chapter 11 Bankruptcy
Campus Den, with 15 locations across Michigan, has filed for bankruptcy in U.S. Bankruptcy Court for the Eastern District of Michigan.
Life Fitness To Be Acquired By KPS Capital Partners
Brunswick Corporation entered into a definitive agreement with KPS Capital Partners, LP (KPS) under which KPS will acquire Brunswick’s Fitness business and related brands, including Life Fitness, for $490 million in cash.
Under Armour Partners With Long Island University
The Long Island University Department of Athletics announced that its unified athletics teams will enter into a five-year partnership with Under Armour as its official apparel supplier beginning in the 2019-20 academic year. The partnership will be executed by BSN Sports.
Umbro Extends Partnership With West Ham United
West Ham United said Umbro will remain as the club’s official technical partner until the summer of 2023.
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