Samsonite Acquired by Private Equity Firm for $1.7 Billion
Samsonite, which makes packs and travel gear for Timberland, has been purchased by CVC Capital Partners, a private equity firm.The all-cash transaction is valued at about $1.7 billion, including the assumption of debt. Under the terms of the agreement, f
Dale Earnhardt Jr. to Endorse adidas
adidas and Dale Earnhardt Jr. announced a multi-year partnership. The collaboration will include a full line of Dale Jr. footwear, apparel and accessories, including his future racing suit and technical footwear as well as off track footwear and fan appar
Heckmann Forms Buyout Firm
Richard Heckmann, who will soon resign as CEO of K2 Inc. with its sale to Jarden, has formed a new buyout firm called Heckmann Corp. The new company intends to sell 62.5 million shares of stock for $8 each, or $500 million, according to a filing with the
Nike Tops U.S. Open Brand Exposure
Nike received the most brand exposure value during NBC's final-round broadcast of the 2007 U.S. Open Championship on June 17, according to by Relay Worldwide's Brand Exposure Analysis. Nike, with almost $2.1 million in broadcast exposure value,
Nike Earns Most Brand Explosure at U.S. Open
Nike received the most brand exposure value during NBC's final-round broadcast of the 2007 U.S. Open Championship on June 17, according to by Relay Worldwide's Brand Exposure Analysis. Nike, with almost $2.1 million in broadcast exposure value,
More Companies Sign up for OutDoor Asia
Even more international brands will participate in the second Asia Outdoor than at the 2006 premiere event. Companies such as Mountain Hardware, Mountainsmith (USA), Millet (France), Vaude, Lowa, Meindl, Deuter, Big Pack, Tatonka, Highpeak, Exxtasy (Germa
Blademaster Acquires Battco Mfg.
Blademaster has acquired Battco Manufacturing. Battco is a manufacturer of riveters and related products for the skate industry…
Collegiate Pacific to Become Sport Supply Group
Collegiate Pacific Inc. will change its corporate name to Sport Supply Group, Inc. effective July 1, 2007, and will also change its stock ticker symbol from “BOO” to “RBI.”
Spalding Signs Oden and Arenas
Spalding announced the signing of two high profile basketball players, the top pick in the NBA draft Greg Oden and Washington Wizards guard Gilbert Arenas, to endorse its full line of basketballs and backboards on a worldwide basis. Spalding said it plans
VF Corp to Close RP Printing
VF Corp. will close a printing company it bought through its takeover of Majestic Athletic, leading to the layoff of 80 employees. VF bought family-owned Majestic Athletic in February…
TAKKLE Signs Strategic Partnership with MSL Sports
TAKKLE, Inc., the premier online social network for high school sports, announced a partnership with MSL Sports, which organizes combines for high school football players across the country. Through its many combines, MSL Sports compiles performance data
Nike Inks Deal with Euroleague Basketball
Nike and Euroleague Basketball inked a new five-year partnership to make Nike the official basketball supplier for Euroleague competition. The league's 24 teams and ULEB Cup´s 54 teams will be playing with the Nike 4005 Tournament Ball for the 2008 s
Timberland Sees Q1 Income Drop on Restructuring Costs
The Timberland Company recorded first-quarter net income of $9.3 million, down 64.5% from $26.1 million in the year-ago quarter. Diluted earnings per share were 15 cents, after 40 cents last year. Net revenue decreased 3.9% for the quarter to $336.3 milli
Lafuma Hires New Outdoor Director
Eric Charamel appointed Director of Lafuma Outdoor France and International Division. Eric Charamel has joined the Lafuma Group and will be in charge of all outdoor business activities for the brand in France and internationally…
ForeFront Holdings CEO Departs
ForeFront Holdings, Inc.'s CEO Michael S. Hedge has resigned, effective June 25, 2007. Hege also has left his position as a member of the company’s Board of Directors.
Richard M. Gozia, the company’s chairman, has assumed the role of interim CEO with
