Descente Transfers Overseas Sales To Japanese Subsidiary
Descente, Ltd., the Japanese company that holds territorial licenses or trademark rights for several Western brands besides its own, has opted to shift the company’s international product sales to its consolidated subsidiary, Descente Japan, Ltd.
G-III Apparel To Buy Karl Lagerfeld Brand
G-III Apparel Group, Ltd. announced that it has entered into an agreement to purchase the remaining 81 percent interest in fashion brand Karl Lagerfeld for €200 million ($210 million USD).
HealthEdge Completes Investment In Anodyne
HealthEdge Investment Partners, LLC, a healthcare-focused private equity fund, announced that it had completed an investment in Anodyne, LLC, the maker of footwear often prescribed for diabetic patients.
Bass Pro To Open In Irvine, CA
Bass Pro Shops announced plans for a new superstore in Irvine, CA. The new 140,000-square-foot store, expected to open in late 2022 or early 2023, joins a Bass Pro location in Rancho Cucamonga in Southern California.
Obit: Sneaker Designer Peter Moore
Peter Moore, who helped launch Air Jordan 1 for Nike and reinvent Adidas in the nineties, passed away on Friday at 78. The news was revealed in statements from Nike and Adidas.
Fiocchi Acquires Lyalvale Express
Fiocchi Group, the maker of small-caliber ammunition under Fiocchi Munizioni, Fiocchi of America and Baschieri & Pellagri brands, announced the acquisition of Lyalvale Express.
Truewerk Secures Funding
Denver, CO-based Truewerk announced a minority investment from Stride Consumer Partners. According to the Denver Business Journal, the funding was $18.18 million.
Newell Brands Sees Double-Digit Growth In Outdoor & Recreation Segment
Newell Brands said its Outdoor & Recreation segment generated net sales of $388 million in the first quarter compared with $336 million in the prior-year period of 15.5 percent. The gain reflects core sales growth of 22.9 percent, partially offset by the impact of exits from low margin categories and unfavorable foreign exchange.
Authentic Brands Appoints EVP, Reebok International
Authentic Brands Group appointed Steve Robaire as EVP, Reebok International, effective July 1, 2022.
Fenix Outdoor’s Revenues Climb 30 Percent In First Quarter
Fenix Outdoor, based in Switzerland, reported sales grew 30 percent in the first quarter to €165.2 million ($174 mm) from €127.1 million a year ago.
Winchester’s Q1 Revenues Climb Nearly 10 Percent
Winchester sales for the first quarter were $426.7 million, up 9.6 percent compared to $389.2 million in the first quarter of 2021, according to its parent, Olin Corp. The increase in Winchester sales was primarily due to higher commercial ammunition pricing.
Osprey CEO Steps Down
Osprey announced that Layne Rigney would step down as CEO. The move follows the December sale of Osprey to Helen of Troy, Ltd.
NPD Group: Footwear Sales Decline In First Quarter
Up against last year’s stimulus-fueled comps, footwear industry unit sales and revenue both declined in the first quarter of 2022 versus the previous year, according to The NPD Group. U.S. footwear sales revenue fell by 3 percent, unit sales declined by 12 percent, as average prices increased by 11 percent.
Columbia Sportswear Raises Earnings Guidance On Q1 Beat
Columbia Sportswear Company’s earnings rose 20 percent in the first quarter ended March 31 on a 22 percent revenue gain. The company raised its EPS guidance for the year, with earnings topping Wall Street targets. Among brands, the largest gain came from Sorel, up 37 percent year-over-year, followed by Columbia, up 22 percent, with mid-single-digit gains at Prana and Mountain Hardwear.
Gatorade Sees Double-Digit Growth In First Quarter
Gatorade generated double-digit growth in the first quarter, according to the quarterly conference call of its parent, Pepsico.
