Bankrupt Princeton Ski Shop Inc. retained Keen Consultants, the real estate division of KPMG Corporate Finance LLC and its wholly owned subsidiary KPMG CF Realty LLC, to market and assist with the disposition of the company’s retail leasehold interests lo
Author: Charlie Lunan
UPDATE: Genesco and The Finish Line Agree to Terminate Merger
Genesco Inc. and The Finish Line, Inc. have reached a tentative agreement to terminate their $1.5 billion merger agreement and settle all litigation. Under the deal, GCO will receive $175 million in cash and FINL stock equal to 12% of total post-issuance
Phoenix Receives $14.3M Payment
Phoenix Footwear Group, Inc. said Tactical Holdings Inc. had paid $14.3 million, or the bulk of the price it agreed to pay for Phoenix's Altama Delta division. Phoenix agreed to sell the military footwear divison to Tractical in December 2007 as part
Garmin Negotiating to Buy European Distributors
Garmin Ltd. is moving to snap up more of its European distributors. The maker of GPS devices said it has signed letters of intent for the proposed acquisition of distributors of its consumer products in Belgium, Luxembourg and Finland…
Fluid Kayaks Hires U.S. Fulfillment House
South Africa's Fluid Kayaks has hired Peregrine Distribution Services, a division of Williston, Vt. to provide warehousing and order fulfillment services in the United States…
Accell Profits Rise 33% and Will Fuel Acquisitions
Dutch bike maker Accell Group N.V. reported record profits and sales for 2007. Accell said net profits rose 33% to € 24.4 million ($33.5mm) on a 10.3% increase in turnover to € 476.1 million ($655.8mm). The company, which said Wednesday it bought a German
Quick-release Axle Under Attack in N.J.
The board of directors for the National Bicycle Dealers Association Board has voted to spend another $7,500 to defend the widely used quick-release axle. A bill in the N.J. legislature would ban the components in the wake of injuries incurred by children
Outdoor Industry Association Forms PAC
The Outdoor Industry Association (OIA) board of directors has approved the formation of the OIA Political Action Committee. The new political action committee, known as OIAPAC, will support candidates seeking election to Congress or the presidency…
Montrail Marketing Functions Folded into Mountain Hardware
Columbia Sportswear Company said it will place all sales, marketing and service functions for Montrail Inc. under the management team of Mountain Hardwear Inc. effective May 1. The move is designed to better align the two brands and streamline operations
Optimer Founders Sell Controlling Interest to PE Firm
A private equity firm has purchased a controlling interest in Wilmington, DE-based Optimer, Inc. from its founders, the J.W. Moore family. The acquisition will provide Optimer, best known in the outdoor industry for its Dri-release moisture management tec
REI.com Was 61st Largest Internet Retailer in ’07
REI is the 61st largest Internet Retailer according to an annual survey by the publication of the same name. Internet Retailer's 2007 Top 500 Guide reports that REI.com generated $226 million of its $1.3 billion in sales in 2007 via its website, up 1
Ironmen and Janus Partner to Raise $8.5M in ’08
The 280 Ironman triathletes who participated in the 2007 Janus Charity Challenge raised more than $8.5 million for various nonprofit organizations, Janus Capital Group Inc. said. The Janus Charity Challenge has raised approximately $26.6 million since the
US Ski and Snowboard Teams Partner with NY Branding Firm
With the 2010 Winter Olympics in Vancouver just two years away, The U.S. Ski Team and U.S. Snowboarding have partnered with a New York marketing firm to promote each team's brand at winter resorts throughout the United States. Brand Connections will
Selle Royal Completes crankbrothers Merger
Italian saddle and accesories maker Selle Royal S.p.A. has completed its merger with peddal maker crankbrothers, inc. This deal added crankbrothers to Selle Royal’s group of premium cycling companies which include fi’zi:k, Brooks, and Selle Royal. Crankbr
Selle Royal Completes crankbrothers Merger
Italian saddle and accesories maker Selle Royal S.p.A. has completed its merger with peddal maker crankbrothers, inc. This deal added crankbrothers to Selle Royal’s group of premium cycling companies which include fi’zi:k, Brooks, and Selle Royal. Crankbr
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