Christy Sports announced that it has acquired Double Diamond Ski and Bike Shop, a specialty ski and snowboard retail and rental operator located at Vail, CO.
Author: SGB Media
Stocks Rally On Pfizer Vaccine News
The broader stock market soared on Monday after drugmaker Pfizer said that an early look at data from its coronavirus vaccine shows it’s more than 90 percent effective. However, the majority of stocks in the active lifestyle space that have thrived amid the pandemic, including Peloton, saw sharp declines.
Callaway Golf Q3 Sales Climb 12 Percent
Callaway Golf Company reported net earnings in the third quarter ended September 30 rose 69 percent as sales grew 12 percent. The gains were driven by a 27 percent hike in golf equipment.
Clarus’ Q3 Revenues Expand 7 Percent
Clarus Corp. reported sales grew 7 percent in the third quarter and predicted its fourth-quarter sales would climb in the range of 11 percent to 13 percent. Black Diamond sales dropped 8 percent while Sierra Bullet’s sales soared 135 percent.
Nautilus’ Q3 Revenues Skyrocket 152 Percent
Nautilus Inc. reported third-quarter profits well above Wall Street’s consensus targets as sales grew 152 percent. Direct Segment sales grew up 277.8 percent while Retail Segment sales were up 107.8 percent.
Real Avid Announces Recapitalization
Clearview Capital Fund IV, L.P. and its affiliates (Fund IV) announced the recapitalization, in partnership with management, of Revo Brand Group, LLC d/b/a Real Avid. Real Avid will operate in partnership with Vertikal Brands, managed by, former members of the Battenfeld Technologies management team.
RYU Apparel Appoints CFO And Partners With Naked Brands’ Co-Founder
RYU Apparel Inc. said it entered into a consulting relationship with Joel Primus, co-founder of Naked Brands Inc. and hired Alex McAulay as its CFO.
Gym Coalition Urges Congress To Support Relief Efforts
The Community Gyms Coalition, a group representing more than 15,000 community gyms in the U.S., urged Congress to include direct support for the fitness industry in any post-election relief legislation to help gyms impacted financially due to mandatory closures and operating restrictions from COVID-19.
Inside The Call: Acushnet Riding Golf’s Newfound Momentum
Acushnet Holdings Corp. reported third-quarter results that easily exceeded Wall Street’s targets. On a conference call with analysts, David Maher, president and CEO, said Titleist’s Ball Plant III and Ball Plant IV are “operating 24/7” to catch up to demand and will continue to do so in the foreseeable future.
Report: PE Firms Exploring Reebok
Two major private equity firms, Permira and Triton, are exploring an acquisition of Reebok from Adidas, according to a report in the Financial Times.
Camping World Opens New SuperCenters In Texas, Louisiana And Idaho
Camping World Holdings Inc. has expanded its national footprint with the recent openings of Camping World SuperCenters in Spring, TX and Breaux Bridge, LA, along with a planned opening of a Gander RV SuperCenter in Pocatello, ID, scheduled for December 1.
Mizuno’s Profits Tumble In Six Months
Mizuno Corp. reported a significant decline in profits in the six months ended September 30 as sales dropped 22.5 percent.
VF Corp. To Acquire Supreme
VF Corp. signed a definitive merger agreement to acquire Supreme, the streetwear brand. Current investors, The Carlyle Group and Goode Partners are selling their stakes in the Supreme brand. VF said the Supreme brand offers a $1 billion global opportunity over time through international and DTC expansion.
Altitude Sports Makes New Appointments
Altitude Sports, Canada’s online outdoor retailer, appointed Bao Trinh and Ian Booler, as vice president of merchandising and vice president of finance, respectively.
Clarks Secures Private Equity Deal With LionRock Capital
Clarks has sold a majority stake in the company to Hong Kong-based private equity firm LionRock Capital. The investment in the 195-year-old U.K.-based shoe brand and retailer amounted to £100 million (approximately $131mm). The Clark family will remain a key shareholder in the business.
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