Finance

A RIDDELL WRAPPED IN A MYSTERY: SPORTING GOODS CO. SALE?

7.26.2000

          NY-based sporting goods manufacturer Riddell Sports has
     retained Lehman Brothers to "explore different strategic
     options," including the sale of the company, according to
     the WALL STREET JOURNAL.  Riddell "hasn't shown a yearly
     profit" since '96, despite increases in revenue, "because of
     interest payments related to several acquisitions" (WALL
     STREET JOURNAL, 7/26).  Riddell had '99 sales of $208.6M, up
     12% from '98.  Riddell brands include Umbro, Varsity Spirit
     and Riddell (Todd Zeranski, BLOOMBERG NEWS, 7/26).

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