February 05, 2019
Following the confusion around Head Sports’ winning bid at the ASE bankruptcy auction last week, a new bidder stepped up with a successful $23,018,000 offer that was approved by the presiding judge.
Big Foot is realigning its organizational operating model into three geographical regions: EMEA, Asia Pacific, and North America and promoted two executives to lead the international businesses.
Winchester ammunition sales dropped 12% in the fourth quarter to $145.5 million from $165.4 million on lower commercial sales and lower product prices compounded by a less favorable product mix, though military sales were strong.
The outdoor e-tailer started by ex-Cabela’s employees opened for business at HighbyOutdoors.com after a DE district court denied last week an injunction sought by the founders’ former employer.
GCO will receive about $101 million in cash from the sale, which is still subject to working capital and other adjustments, and will also realize a tax benefit estimated at $30 million.
The fast-growing Austin, TX-based activewear brand hired industry veteran Pamela Catlett as president and COO, joining founder and CEO, Tyler Haney to lead the company’s growth.
PXG and TaylorMade announced they had reached a settlement of the 2017 patent infringement suit that gives each company specified rights to make club products under patent cross-licenses.
Gladiator is buying its competitor in the lacrosse rebounder market, and will add All Ball Pro’s line of patented high-end rebounders to its portfolio, giving it better penetration into collegiate and professional lacrosse programs.