January 04, 2019
Sporting goods stocks handily exceeded the performance of general stock indices around the globe with a weighted average increase of 10.1% in local currencies compared to mid-single-digit declines in most U.S. stock indices and mid-teens declines in the major European and Asian stock indices.
The number two ranked men’s pro will use Honma irons and wear Bonobos apparel in 2019, after 20 years with TaylorMade and Adidas with whom he signed in 1999 after turning pro.
ELY paid €418 million ($476 mm) for the German outdoor brand, financed with a seven-year, $480 million term loan that pays interest at LIBOR plus 4.50%.
Chris Clawson, the former Life Fitness president, has been re-elected as the Sports & Fitness Industry Association’s chairman for a fourth one-year term, and Dan Arment, president & CEO of Riddell and BRG Sports was elected as vice-chairman.
The Modernizing Recreational Fisheries Management Act of 2018, which expands access to recreational saltwater fishing, was passed unanimously in the Senate on Dec. 17, then approved in the House with a 350-11 vote.
ZUP Boards is petitioning the Supremes to review the decision of a Federal Appeals Court, which upheld a lower court ruling voiding ZUP’s patent for obviousness.