October 11, 2018 Discussions Remain Active on Anta Takeover of Amer Sports
Both Anta and Amer confirmed that there have been preliminary discussions about a buyout of Amer at €40 per share, valuing the company at €4 billion. Former Adidas Exec Details More Payments to College Bound Athletes
T.J. Gassnola, testifying under immunity for the prosecution, told the NY court that he made payments to the families of five high school athletes when he was running the Adidas-sponsored New England Playaz program, including last year’s top NBA draft pick, Deandre Ayton who is now playing for the Phoenix Suns.
The wool sneaker maker closed a $50 million series C funding round led by T. Rowe Price, with Fidelity and Tiger Global also participating. Asics Will Open Low-Oxygen Training Center Ahead of 2020 Olympics
The 54,000-sq.-ft. facility will be located in Tokyo’s futuristic Toyosu district, midway between the athletes’ village and competition venues. Yue Yuen Sales Gain in September
September sales at Yue Yuen increased 9.4% to $839,473,000, up from $767,479,000, and Pou Sheng retail sales jumped 26.4% higher to $301,508,000 from $238,584,000. Court Allows Suit against Easton to Proceed
While it threw out some of the claims made by an AL father in a class action suit but generally allowed the case to go forward which is seeking damages for mislabeled weights on bats sold by Easton to consumers. Etcetera: Fanatics, Zamst, Nike
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