SGB Update Sportsmans
PPR S.A. Completes Tender Offer for Volcom
PPR S.A.announced that it has completed the tender offer made by its wholly owned subsidiary to purchase all outstanding common shares of Volcom for $24.50 per share in cash. The completion effectively gives the parent of Puma control of the action sports
Quiksilver to Telecast New York Surf Competition
Quiksilver and The Madison Square Garden Company announced an agreement for MSG Networks and Fuse Networks to be the official U.S. telecast partners for the 2011 Quiksilver Pro New York…
Spanish Court Strikes Down EUR 98M Award to Puma Licensee
A district court in Madrid has overturned a Spanish arbitration panel's ruling that Puma Ag pay its Spanish licensee EUR 98 million Euros, Puma announced…
FIFA to Donate $6M in Aid to Japanese Soccer
Soccer's world governing body FIFA has decided to donate about $6 million in aid to clubs and areas affected by the March 11 earthquake and tsunami…
Newton Running Hires Marketing Agency
Newton Running, based in Boulder, CO, signed an agreement to retain Breakaway, a Boston-based marketing firm on June 15. Breakaway is charged with developing a new marketing strategy, conducting a rebranding process and redesigning Newton Running's p
TandC Surf Raises $82K for Japan Relief Efforts
Through the sales of their “Malama Japan” T-shirts, T&C Surf Designs Hawaii raised $82,000 for the American Red Cross (ARC)– Japan Earthquake and Tsunami Relief Fund. That's a lot of T-shirts!…
Schutt Sports Acquires Adams USA’s Football Helmet/Faceguard Assets
Schutt Sports, which recently emerged from a brief Chapter 11 bankruptcy, has acquired certain football helmet and faceguard assets from Adams USA. The deal will give Schutt a much larger presence in the youth market, while freeing Adams to pursue its oth
Hi-Tec Sports Opens New Portland Headquarters
Hi-Tec Sports made a $10,000 donation to Portland's Friends of Trees at the grand opening of its new North American Headquarters in Portland, OR. The event held June 16 drew Portland Mayor Sam Adams, officials from the offices of Sen. Ron Wyden, D-OR
Rubin to Buy GSI Commerce’s Licensed Sports Business Back from eBay
As part of a settlement with GSI Commerce shareholders, EBay Inc is selling GSIC's licensed sports merchandise business back to GSIC Founder and CEO Michael Rubin, according to a report in the Wall Street Journal…
SandP Lowers Outlook On Collective Brands
Standard & Poor's Ratings Services lowered its outlook on Collective Brands Inc. (PSS) to stable from positive. The rating agency said high unemployment and rising product costs weighed on the footwear retailer's performance…
Bakers Q1 Loss Narrows
Bakers Footwear Group, Inc. reported sales in the first quarter were $47.0 million, an increase of 8.0 percent, from $43.5 million in the first quarter of fiscal 2010. Comparable store sales increased 9.3 percent compared to a decline of 1.6 percent in th
Performance Bicycle Taps Pruitt to Fill CEO Post
Performance Inc., the parent company for the Performance Bicycle retail chain, has named long time executive David Pruitt as its new CEO…
Surftech Names New CEO
Surf Technicians, LLC, the maker of surf and stand-up paddle boards, announced that Huntley Dornan has been appointed as the company's new president and CEO. Most recently Huntley served as Vice President and General Manager of Emerging Brands at Qui
CPSC Opens New Test Lab in Maryland
The U.S. Consumer Product Safety Commission (CPSC) held the grand opening Monday for its new state-of-the-art scientific testing facility in Rockville, MD. The new 63,000-square-foot office and lab space will house 75 scientists and gear needed to test a
VF Corp. to Acquire The Timberland Co. in $2B Deal
VF Corporation and The Timberland Company today jointly announced that they have signed a definitive merger agreement. VF will pay Timberland shareholders $43 per share, representing a total enterprise value of approximately $2 billion net of cash acquire
