SGB Update Apparel
Canada’s Dorel buys Cannondale and Sugoi
Canada's Dorel Industries Ltd. said it acquired Cannondale Bicycle Corporation and Sugoi Performance Apparel in an all cash deal valued at $190 million to $200 million. Cannondale and Sugoi are being purchased from an affiliate of Pegasus Capital Adv
Spyder Acquires Cloudveil…
Spyder Active Sports, Inc. has acquired Cloudveil Mountain Works, Inc. Terms of the deal were not disclosed. Under the agreement, Cloudveil will remain a separate brand entity and operate as a wholly owned, independent division of Spyder Active Sports. Cl
L.L. Bean Seeks New Ad Agency
L.L. Bean has placed creative duties on its $40 million advertising account into review, according to adage.com. L.L. Bean currently does not have a creative agency of record and has been farming out work to agencies on a project basis. Its media agency
Under Armour Q4 Net Up 42.4% on Solid Sales Gains
Under Armour, Inc. reported that net revenues increased 29.2% in the 2007 fourth quarter to $174.8 million compared to net revenues of $135.3 million in the prior-year quarter. Net income increased 42.4% to $16.9 million, or 34 cents per diluted share, c
HEAD Teams With 3point5 on Pro Deals
HEAD has partnered with retail training company 3point5.com to administer pro deal programs at specialty retailers. The partership induces Pros at HEAD retailers to study HEAD products on 3point5.com and take online tests to earn points which can be redee
Adidas to Buy Back 5% of Shares
Adidas AG launched a share buyback program of up to 5% of the company’s stock (up to 10,182,248 shares) effective immediately. At current market prices, the program represents an aggregate purchase price of up to € 420 million. Adidas AG intends to cancel
PacSun To Reduce Sneaker Sales
Pacific Sunwear has decided to reduce its dependence on the sneaker portion of its footwear business, but plans to continue to sell sandals, slippers and certain sneaker categories, it said. The company said the transition is expected to occur throughout
Russell Partners with NCAA Football
Russell Athletic has entered into a three year partnership agreement with NCAA Football to become the “Official Supplier of NCAA Football Youth Products.” As part of the deal, Russell Athletic has exclusive rights to utilize NCAA Football trademarks on pr
Nautilus Cancels Acquisition of China Factory
Nautilus Inc. said it has canceled plans to buy its largest contract manufacturer in Xiamen, China for $72 million in cash and stock. Nautilus said it likely will have to forfeit the $18.5 million nonrefundable deposit paid Land America Health & Fitness C
Non-profit Raises 57% of Budget at Thrift Shop
Trips for Kids raised $325,000, or 57 percent of its operating expenses last year through its Re-Cyclery Bicycle Thrift Shop in downtown San Rafael, Calif, the non-profit said. More than 100 companies donated products to its Re-Cyclery Bicycle Thrift shop
Nautilus Ends Shareholder Rights Plan
Nautilus, Inc. has terminated its Shareholder Rights Plan. Under the Plan, one right was distributed for each share of Nautilus common stock outstanding as of November 8, 2007. Effective the date of the Plan, any person or group acquiring 20% or more of t
University of Wisconsin-Madison Cancels New Era Contract
The University of Wisconsin-Madison has canceled a licensing contract with New Era Cap Co., citing allegations of discrimination and anti-union activity at one of its factories in Alabama. The company had made Wisconsin knit caps under the license…
Reebok’s Voss Joins Compliance Watchdog Group
Marianne Voss, senior manager of human rights programs at Reebok International, has assumed the role of Executive Director of the Fair Factories Clearinghouse (FFC), effective January 2008. She succeeds Kiku Loomis, who served in the position since 2005..
Merrell Commits $500,000 To Conservation Alliance Legacy Fund
Merrell announced it will commit $500,000 to the Conservation Alliance Legacy Fund, a new initiative securing a reliable source of funding for operations for the organization…
New York and Chicago Receive $15,000 REI Grants for Cycling
New York City's Transportation Alternatives and the Chicagoland Bicycle Federation have been selected as the first recipients of REI/Bicycle Friendly Communities Grants of $15,000 each. This new grant fund, administered by the Bikes Belong Foundation
