USA: Formula One Apparel Firm Runs Out Of Gas
US-based motorsport merchandise firm, Action Performance Companies Inc, is to close its Goodsports Holdings Pty Ltd subsidiary and sell some of Goodsports' UK subsidiary's assets to Podia Group Plc. Goodsports designed, marketed and distributed Formula One apparel for several teams including Jaguar Racing, BMW and Williams F1 as well as Australian Grand Prix and Grand Prix Inc.