EXEC: KMD Saw Holiday Turnaround for Rip Curl; DTC Gives Lift to All Brands
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
EXEC: REI Names Mary Beth Laughton as Next CEO as Eric Artz Plans Exit
EXEC: VF Corp. Confirms New Global Cuts; Analysts React to ICR Presentation
SGB Update
Norco Bicycles Appoints Alan Lewis as General Manager; CEO Sean Sullivan Exits
Live to Play Sports Group (LTP) and Norco Bicycles have appointed Alan Lewis, son of Founder Bert Lewis, as general manager. Company CEO Sean Sullivan is leaving after two years of leadership at LTP/Norco.
Firearm Industry Inducts Three Industry Leaders into 2025 Hall of Fame
The NSSF, the Firearm Industry Trade Association, has inducted Robert Delfay, Richard Hammett and Arthur Wheaton into the Hall of Fame at the 2025 SHOT Show.
Golftec Promotes Chris Koske to Chief Marketing Officer
Chris Koske is a 20-year veteran of the golf and sports industries. As CMO (CMO), Koske will oversee brand strategy and marketing for Golftec enterprises, including its flagship Golftec brand and the Skytrak brand.
Gregory Mountain Parent Announces Corporate Name Change
The company believes the new name — Samsonite Group — better reflects its portfolio of customer-centric brands under the Samsonite, Tumi, American Tourister, Gregory, High Sierra, Kamiliant, Lipault, and Hartmann brands as well as other owned and licensed brand names
Pearl Izumi Adds VP of Brand
Gwen van Lingen-OLY joins Pearl from Norco Bikes, where she was most recently head of the brand.
SGB Executive
EXEC: Megabass is Latest Outdoor Brand to Partner with L Catterton
The deal positions the Japan-headquartered fishing gear manufacturer for further expansion by leveraging L Catterton’s operating capabilities and industry network on the back of rising demand for its products.
EXEC: KMD Saw Holiday Turnaround for Rip Curl; DTC Gives Lift to All Brands
The company said in its preliminary report that the total sales result was driven by improving trends in the direct-to-consumer channel for all brands. Wholesale sales have taken longer to recover and continue to decline year-over-year.
EXEC: Brendan Hoffman Takes Helm at Vince Holding Corp. Through New Venture
The new venture, P180, was Co-Founded by Christine Hunsicker, founder and CEO of CaaStle, Inc., and Brendan Hoffman, the former CEO of Wolverine Worldwide, Vince, Bon Ton, Lord & Taylor, and other luxury retail brands.
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
Puma SE shares opened 16 percent lower in Europe on Thursday morning, January 23, after the company’s pre-announcement of 2024 fourth quarter and full-year results caused a stir overnight.
EXEC: Tern Bicycles Creates European Distribution Company
This transition also marks the end of Tern’s long-standing distribution partnership with Hartje. Tern ZE will stock Tern’s complete product line and will partner with i:SY GmbH & Co. KG to manage sales for its Tern dealer network in Germany, Austria and Benelux.
