LULU Founder Sells Half His Stake, Halts Proxy Fight to Gain Board Seats
Lululemon Athletica Inc. Founder and Director Dennis Wilson has agreed to postpone his proxy fight with the company for another two years in exchange for two seats on the company’s and an independent evaluation of corporate governance…
Backcountry.com Fate Back in Play
Liberty Interactive Corporation is reevaluating what to do with the assets in its Digital Commerce Group, including Backcountry.com, following an agreement to sell the biggest and most profitable business in the group. LINTA reported the group, which also
Delta Apparel Rightsizing in Wake of Second Quarter Sales Decline
Delta Apparel, Inc. sacked its president and chief operating officer last week as part of a comprehensive restructuring triggered by its first decline in year-over-year sales in more than a decade…
Sequential Brands Grows Second Quarter EBITDA Nearly 50 Percent
Sequential Brands Group, Inc., which expects to add Avia, AND1 and Nevados to its brand portfolio by year end, increased its sales nearly 63 percent and its adjusted EBIDTA 48 percent in the second quarter…
Lululemon’s Wilson to Sell Half His Shares to Advent International
Lululemon Athletica inc. Founder Dennis J. (Chip) Wilson has agreed to sell half his shares in the apparel maker equal to a 13.85 percent stake of the company to Advent International for approximately $845 million. The transaction has received the full su
Reed Guanghe Splits Chinese Golf Shows
Reed Guanghe Exhibitions, together with the China Golf Association and the PGA of America, will split the China Golf Show into three separate shows starting next year. One will focus on merchandise and occur twice a year and the other will focus on the go
Tabar Merges with Fownes Brothers
Tabar, Inc., a private label technical sport glove design and production firm which has built handwear for the outdoor and sports markets for more than 32 years, is merging with Fownes Brothers & Co., Inc., a 236-year-old company in the broader cold weath
Walther Announces Stocking Dealer Program
Walther Arms Inc. manufacturer of personal protection firearms, announces its stocking dealer program…
Berger Bullets Announces Launch of New Ammo Company
Berger Bullets announces the launch of Applied Ballistics Munitions, also referred to as ABM Ammo or ABM (www.abmammo.com)…
Racing Authority Meets Camping Authority
50 Campfires, an online destination for the car and family camping lifestyle, announces that they will be the primary focus on the #23 Nationwide Series Chevrolet with Rick Ware Racing at Watkins Glen International during the Zippo 200 event on Saturday,
Bikes, Bottles and Babies Help CODI Offset Liberty Safe’s Hard Landing in Q2
Compass Diversified Holdings Inc. reported sales at its Branded Consumer businesses increased 8.5 percent in the second quarter as growth at Fox Factory, CamelBak and Ergobaby more than offset a larger than expected decline at Liberty Gun, which makes gun
Canadian Tire Taps Medline as Next CEO
Canadian Tire Corporation announced its president, Michael Medline, will take over the position of CEO from Steven Wetmore when he retires Dec. 1. Wetmore has agreed to remain on the board of directors in a new, non-executive position of deputy chairman.
RYU Appoints New CEO, Relocates to Vancouver
Respect Your Universe, Inc. named Marcello Leone as its CEO and chairman and announced that it had moved its headquarters from Portland, OR to Vancouver, B.C…
Kmart Launches Jillian Michaels Collection
Kmart plans this fall to launch Impact by Jillian Michaels, a performance activewear collection for women…
Delta Apparel’s Q3 Earnings Slump
Delta Apparel, Inc. reported earnings fell 45 percent in the third quarter ended June 28, to $2.2 million, or 27 cents per share, from $4.0 million or 48 cents, a year ago. Revenues were down 7.6 percent to $123.5 million from $133.6 million…
