Varsity Brands to be Acquired by Charlesbank Capital Partners
Varsity Brands, the parent of BSN Sports and Herff Jones, has entered into a definitive agreement to be acquired by an investment group led by Charlesbank Capital Partners, a leading private equity firm. Varsity Brands' senior leadership will remain
Vista Outdoor Inc. Spin-Off in Doubt Following Virginia Rocket Explosion
The spectacular failure of an unmanned space rocket in Virginia Oct. 28 could kill Alliant Teksystems Inc.'s plans to spin off its Outdoor Sports segment, which includes Bushnell and a host of firearms and ammunition brands…
Garmin Affirms Full-Year Margin Forecast Despite Lower Q3 Operating Margins
Garmin Ltd. reported operating margins declined at its fast growing Fitness and Outdoor segments as it cranked up spending on advertising and research to stay ahead of the game in the fast growing, but increasingly crowded wearables market…
Columbia’s Third Quarter Growth Nearly As Balanced as It Is Robust
Columbia Sportswear Company reported net sales grew 29 percent to a record $152.2 million in the third quarter with nearly equal contributions from existing and new businesses. Organic sales growth, led by Columbia and Sorel footwear, generated $73.3 mill
Shimano Sees Brisk Bike Components Sales in North America
Shimano Inc. reported sales for the nine months ended Sept. 30 were up nearly 21 percent compared with the same period last year thanks in part to a weaker yen. Sales of of Bicycle Components were brisk in North America, while sales of Fishing Tackle were
Sturm, Ruger Q3 Profits Tumble
Sturm, Ruger & Company, Inc. reported net earnings tumbled 76.3 percent to $6.78 million, or 34 cents a share. Revenues fell 42.5 percent to $98.3 million. The sales decline was attributed to the reduction in overall consumer demand as well as retailers b
Boot Barn Prices IPO
Boot Barn Holdings, a western apparel and footwear retailer with 158 stores in the US, raised $80 million in its initial public offering. The company offered 5 million shares at $16, the high end of its $14-$16 price range…
TIA Data Points to Improving U.S. Tennis Market
Tennis Industry Association reports that wholesale shipments of tennis products improved in the third quarter, with shipments of balls up mid-single digits and sales of high-end racquets up a surprising…
Strava Raises $18.5 Million in Fresh Capital
Strava, the online network connecting the global community of athletes, has partnered with Sequoia and secured $18.5 million in financing. Existing investors Sigma West and Madrone Capital Partners also participated in the round. This funding will allow S
Chris Dolnack Joins HAVA Board of Directors
Honored American Veterans Afield (HAVA) and the National Shooting Sports Foundation (NSSF) announce the election of NSSF Senior Vice President and Chief Marketing Officer Chris Dolnack to the HAVA Board of Directors, joining directors from Smith & Wesson,
Barefooters Supports C.C. Sabathia’s PitCCh In Foundation
Barefooters, the comfort shoe company, is teaming up with C.C. Sabathia's The PitCCh In Foundation in support of Amber Sabathia and her team running the 2014 NYC Marathon. Barefooters shoes are made of CorksiLite…
Far Eastern New Century Expanding Waterless Dyeing Capacity
Taiwan's Far Eastern New Century Corp. will purchase two more waterless dyeing machines from Netherlands-based DyeCoo Textil Systems BV by the end of 2014 to double waterless dyeing capacity to 120 tons a month, according to a report by Taipei Times
Kohlberg Reduces Stake in Performance Sports Group
Kohlberg Management VI, LLC has sold 2 million common shares of its stock in Performance Sports Group Ltd. for aggregate gross proceeds of CAD$37.5 million, the maker of athletic gear announced…
NBDA Supplier Scorecards Due Dec. 31
The National Bicycle Dealers Association reminds independent bicycle dealers to submit their next set of Supplier Scorecards by Dec. 31. Dealers can use the cards to grade companies from A to F on 30 different criteria…
Polartec Launches Video Series to Celebrate Apex Award Winners
Polartec has featured the designers and developers of select 2014 Polartec Apex Award-winning products in a new video series and social media campaign…
