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Stock impact report

Chinese To Own Iconic Major League Baseball Bat And Glove Brands [Forbes]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: Forbes
Louisville Slugger baseball bats commemorating the Major League Baseball (MLB) Boston Red Sox team World Series victory are seen at the Hillerich & Bradsby Co. manufacturing facility in Louisville, Kentucky. Photographer: Luke Sharrett/Bloomberg © 2018 Bloomberg Finance LP Baseball may be as American as apple pie, but two of MLB's most popular bat and glove brands are about to be owned by a group of Chinese investors. According to Reuters , Finland's Amer Sports, which owns the Louisville Slugger and Wilson brands, is going to be acquired for more than $5 billion, or 21 times trailing 12-month EBIT (earnings before interest and taxes) by a consortium led by China’s Anta Sports that includes Tencent Holdings and Anamered Investments, which is owned by Canadian billionaire Chip Wilson, founder of yoga apparel company Lululemon Athletica. A deal three years ago saw Hillerich & Bradsby sell the sales and innovation rights to Louisville Slugger to Wilson fo Show less Read more
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