North Castle Partners Closes on $300 Million Fund
North Castle Partners, a private equity firm that owns Performance Bicycle and Ibex and recently invested in Ignite USA, closed its sixth fund, at $300 million.
Skullcandy Sinks into Red on Acquisition, Bankruptcy Charges
Domestic business rebounds, but global sales lag. Soon-to-be owner lifts acquisition bid to ward off competition. Shareholders set to vote by August 17.
Gaia Sees Q2 Loss Post-Gaiam Sale
Gaia, Inc., formerly Gaiam, Inc., reported a loss in its first period since selling off its Gaiam fitness products business, but did see healthy subscriber growth for its remaining health and wellness media properties.
Dive Unit, Tents Obscure Growth at Johnson Outdoors
Johnson Outdoors Inc. reported flat sales in its fiscal third quarter, ended July 1, as its dive segment, tents sold to large retailers and currency exchange rates dragged down growth and profits compared with a year earlier.
Skullcandy Logs Q2 Loss
Skullcandy Inc. reported a loss of $1.6 million, or 5 cents a share, in its second quarter ended June 30, impacted by costs related to its sale process, litigation, and customer bankruptcies.
Anta Sports Selects US Anti-microbial Vendor
Noble Biomaterials Inc. established a strategic alliance with Anta Sports Products Limited, China’s largest sportswear brand, based in Fujian.
Inside Vail’s Strategy To Acquire Whistler Blackcomb
A deeper look at the deal — plus the numerous other ski-resort acquisitions Vail has been making throughout the past few years — reveals a broad and complex strategy rooted in consumer data, marketing and geographic positioning.
American Bicycle Group Moves To Larger Headquarters
American Bicycle Group (ABG), manufacturer of Litespeed (LS) and Quintana Roo (QR) bicycles, recently moved into a newly refurbished, larger building in Chattanooga, TN.
Under Armour Partners With Boutique Boxing Studio
Gloveworx, a boutique boxing studio and fitness facility based in Santa Monica, CA, sealed Under Armour as its Official Performance Partner.
REI Relaunches Digital Outlet Business
REI, the national outdoor specialty retailer and consumer co-op, launched REI Garage, a new digital store that sells off-price products picked by co-op experts.
Lululemon’s Cloaked Board Member Resigns
Lululemon filed with the U.S. Securities and Exchange Commission (SEC) that board member Rhoda Pitcher resigned from the post on August 8, 2016.
Delta Apparel Helped By Improving Margins
Earnings fell, but greater margins resulting from the company’s ongoing manufacturing restructuring helped it beat Wall Street estimates.
Saks Fifth & NBA’s Anthony Davis Release Luxe Athleisure Capsule
Saks Fifth Avenue, the high-end boutique retailer, inked a partnership with American professional basketball player Anthony Davis in the retailer’s first fashion label collaboration with an athlete.
Speedo Departs from Traditional Design, Goes Vibrant
Speedo International has swapped its highly technical-looking suits for a new lifestyle collection which pulls from vibrant colors and prints to “capture the energy and vibe of the tropics,” the company said.
Bridgestone Golf Hires President, CEO
Bridgestone Golf hired Angel Ilaganto assume the role of President and CEO.
