November 27, 2023 Colt CZ Group Bids for Vista Outdoor
The Czech-based gunmaker has proposed a business combination that would value VSTO at $30 per share, or over $1.7 billion, and include both ammunition and outdoor products segments, while retaining the company’s public listing on the NYSE. Thanksgiving Weekend Sales Post Modest Gains
Green arrows pointed upward for the first four days of the Black Friday-Cyber Monday period, with Black Friday turning in a 3% gain according to Mastercard SpendingPulse data as a +9% result for e-commerce bolstered 1% growth in brick-and-mortar. Backcountry Sells Bergfreunde to Decathlon
The outdoor gear and apparel retailer has reached an agreement to sell its European e-tail subsidiary, Bergfreunde, to the globe’s largest sporting goods dealer, which operates over 1,700 stores in more than 70 countries. China Dongxiang’s Financial Loss Pulls Down H1
The distributor of Kappa in the PRC saw its net loss expand 18% to RMB 409,713,000 ($56.5 mm) from a loss of RMB 346,000,000 on flat revenues of RMB 775,993,000 ($107.1 mm) compared to RMB 776,339,000. United Sports Brands Acquired by PE Firm
The parent of Shock Doctor, McDavid, Cutters, Nathan, PEARL iZUMi, and Glukos has been acquired by Norwest Equity Partners, which owned Shock Doctor a decade ago. Etcetera: REI, OIA, Arc’teryx, Rally House, Adidas
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