SGB Update

Yue Yuen’s 2017 Earnings Dip

Yue Yuen Industrial (Holdings) Limited reported earnings in the year were slightly down despite a 7.6 percent gain in sales.

JD Sports Agrees To Acquire The Finish Line

The Finish Line, Inc. announced that it has entered into a merger agreement providing for JD Sports Fashion Plc (JD.L) to acquire 100 percent of the issued and outstanding Finish Line shares at a price of $13.50 per share in cash representing an aggregate deal value of approximately $558 million.

Navajo Incorporated Acquires Maxx HD Sunglasses

Navajo Incorporated, a provider of eyewear with the Piranha brand, announced that they have acquired Maxx HD Sunglasses, a Colorado-based national distributor of sports, motorsports and NCAA-licensed sunglasses.

Nike Seeing “Significant” North America Reversal

Nike Inc.’s earnings in its third quarter ended February 28 came in well-ahead of Wall Street guidance while sales were slightly ahead. North American sales were down 4 percent in the period but Mark Parker, president and CEO, said the company is seeing “a significant reversal of trend in North America, as momentum accelerates through the scaling of new innovation platforms and differentiated Nike Consumer Experiences expand across the marketplace.”