SGB Update

Accell Acquires Beeline Bikes

Accell North America (ANA) announced the acquisition of Beeline Bikes, the mobile channel expansion solution that delivers a turn-key sales, service and data acquisition solution tailored for Independent Bicycle Dealers (IBDs).

OBIT: Spy’s Seth Hamot

Former Spy CEO Seth Hamot passed away March 22 after an 18-month battle with lymphoma. Hamot was chairman of Spy’s board of directors and served as CEO from 2015 until late 2017

Newell Brands Sends Letter To Starboard

Newell Brands Inc. delivered a letter to Starboard Value and Opportunity Master Fund Ltd. from its board of directors addressing many of the activist hedge fund’s concerns.

VF Corp. Appoints Steve Murray VP, Strategic Projects

VF Corp. appointed Steve Murray, former president of Vans, to the new position of vice president, strategic projects. Murray initial focus will include elevating The North Face brand’s footwear product strategy, and supporting the successful integration of the Altra brand into VF and the extension of its technical footwear capabilities into VF’s outdoor footwear platform.

Nike Extends NFL Deal

The National Football League and Nike announced an extension to their on-field rights partnership for another eight years. The new deal will take place when the current one expires in 2020 and will run through 2028.

Billabong Shareholders Approve Boardriders Acquisition

Boardriders, Inc., the parent of Quiksilver, Roxy, and DC Shoes brands, announced that the shareholders of Billabong International Limited have approved Boardriders’ proposed acquisition of Billabong.

Lululemon’s Q4 Earnings, Revenue Surpass Expectations

Lululemon Athletica Inc. reported earnings and revenue for the fourth quarter that easily surpassed Wall Street expectations and its revised guidance. The company’s reported adjusted diluted earnings per share were $1.33 while revenue was $928.8 million, above expectations of $1.27 and $912 million.