The U.S.-China trade deal is done—in broad principles at least—and a 55% average levy on Chinese goods is waiting on the horizon, according to statements from Pres. Trump and Commerce Sec. Lutnick following the two-day sit-down of delegations in London.

Net income at the sports apparel maker declined 18% to HK$217,201,000 ($28.2 mm) in the fiscal year ended Mar. 31 from HK$263,510,000 prior, on revenues that improved 18% to a record high HK$4,807,899,000 ($624.4 mm) from HK$4,074,668,000.

Woolrich elevated its CFO, Lorenzo Flamini, to CEO, succeeding Stefano Saccone, who departed to run Peak Performance for Amer Sports earlier this year.

The Japanese sporting goods brand hired LaNiece Douglas as president of Yonex North America, tasked with executing its growth plans here that included the April launch of a U.S. e-commerce platform.