Shimano sells Pearl Izumi to sporting goods group

FOUNTAIN VALLEY, Calif. (BRAIN) — Shimano Inc. has sold off its apparel brand, Pearl Izumi, to United Sports Brands, the parent of Nathan, Cutters, and Shock Doctor, among other brands. Pearl Izumi will join Nathan, which offers running accessories and apparel, in USB's new outdoor division.Pearl Izumi managers told employees of the sale Monday morning. A purchase price was not disclosed. Shimano announced the sale as the Tokyo stock exchange opened Friday local time.

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