Net income slipped 10% in the final fiscal quarter ended Mar. 31 to $135,571,000 from $151,411,000, hit by a rising marketing spend, as revenues climbed 10% (+8% constant currency) to $1,119,369,000 from $1,021,780,000.

One-time charges sent the bottom line $5,628,000 in the red against last year’s profit of $9,343,000 for the first quarter, as net sales dipped 3% to $270,730,000 from $277,715,000.

The group’s global business soared on acquisitions, growing 33% in Q1 to CZK 7,317,429,000 ($352.1 mm) from CZK 5,512,221,000, with profits up 37% to CZK 717,943,000 ($34.6 mm) compared to CZK 523,909,000.

The ABG founder and CEO will transition to executive chairman of the board and be succeeded by the current president, Matt Maddox, who will take over day-to-day operations, reporting to Salter.

Authentic Brands Group inked an agreement to acquire Lee from Kontoor Brands for up to $1 billion, including an initial transaction value of $750 million and a $250 million earn-out opportunity in future years based on the brand’s performance under its new owner.

The Lycra Company, having declared Chapter 11 bankruptcy in Mar., completed its restructuring, which includes new equity owners, a CEO, and a board of directors.

The South Tyrolean sporting goods company’s president Heiner Oberrauch has announced he is stepping down in favor of his daughter, Ruth Oberrauch, effective June 1st.

HomeProGym is recalling about 700 purple 60-pound and gray 70-pound resistance bands because they can forcefully separate from the handle during use.