Net loss narrowed to €72.8 million ($84.7 mm) in the second quarter from a loss of €247.0 million a year ago, as revenues slipped by 10% to €1,690.6 million ($1,965.8 mm) from €1,871.3 million, or a 9% drop in constant currency.

Newell’s Outdoor and Recreation segment sales grew 3% and were up 4% in constant currency in the seasonally important second quarter to $240 million from $234 million, with the U.S. leading the improvement, despite unfavorable ForEx effects.

CPE, a Chinese alternative asset manager, inked an agreement to acquire the Swiss outdoor apparel and equipment maker from Jacobs Capital, with aims of expanding Mammut’s footprint in North America and Asia.

Trsmima is recalling about 60,720 zipline kits and about 19,120 sold-separately spring brakes, because the zipline kit’s steel cable, turnbuckle, and seat can detach or break during use, and the brakes are not stiff enough to slow a rider down safely.