SGB Update

Amer Sports Restates 2017 On Accounting Change

Amer Sports has adopted the new IFRS 15 standard ‘Revenue from Contracts with Customers’ as of January 1, 2018. As a result of the adoption, Amer Sports has restated the 2017 figures by using the full retrospective method.

RECALL: L.L.Bean Knives

About 600 knives sold by L.L.Bean are being recalled, according to a press release from the  U.S. Consumer Product Safety Commission.

Mainstream Holdings Buys Hawk Group

Mainstream Holdings, Inc., the owner and manufacturer of prominent brands Muddy, Big Game and API Outdoors,  announced the acquisition of Hawk Group, LLC, a leading supplier of ladder stands, hang-ons, accessories and crossbows operating under the Hawk and Killer Instinct brands.

Trump Weighs Rejoining Trans-Pacific Partnership

President Donald Trump has directed his top economic and trade advisers to look into re-entering the Trans-Pacific Partnership. The move would come a little over a year after withdrawing the U.S. from the the multilateral trade agreement in one of his first acts as president.

Huffy Introduces IBD-Only Batch Bicycles

One year after it launched its reinvigorated Huffy Service Center program, Huffy Bicycles CEO Bill Smith today announced the company’s newest IBD-centric initiative: Batch Bicycles, an original bike line to be sold exclusively through independent bicycle dealers in the United States.

Unifi To Acquire National Spinning’s Dyed Yarn Unit

The acquisition is expected to enhance Unifi’s position as a leading producer of dyed staple and filament yarn in the region, and will add acrylic and wool products to the company’s dyed yarn portfolio.