Ohvo, managing director of Marttiini and Rapala VMC North Europe; Ravennil, EVP and head of distribution in APAC countries and global rods; and Tuominen, EVP of global business development and IT, left the company on June 14.
Author: SGB Media
Auburn’s Aid Station, Trails and Ales To Close
The running store opened in 2018 and moved in June 2021 to 927 Lincoln Way in Auburn, CA, nearly doubling its square footage.
Duca Del Cosma Names Area Director In Southeast Asia
Amike Krakers, originally from the Netherlands, has lived in Asia for almost two decades and brings expertise to promoting lifestyle brands to the role that will see her support product distributors across the region.
Fromuth Racquet Sports Acquires Tennis-Point
Online retailer Tennis-Point, formerly owned by Signa Sports United, has been acquired by Fromuth Racquet Sport. In the short term, Tennis-Point will be operated as a separate business and keep its name and contact details.
Walmart Targets Gen-Z with ‘No Boundaries’ Relaunch
Launching in stores and on Walmart.com on July 16, the new No Boundaries label, often abbreviated as “NOBO,” will include a broader assortment backed by a major marketing push on TikTok, Roblox and Instagram and, for the first time, has a dedicated fashion design team creating the collection.
Cocona Labs Finalizes China WFOE Incorporation
The company is now a wholly foreign-owned enterprise (WFOE) in Shanghai, China. With a growing percentage of Cocona’s yearly revenue attributed to Chinese brand customers, the market is a “critical component for success.”
Paka Opens Flagship in Peru
Paka Apparel, maker of sustainable clothing using fully traceable alpaca wool from wild-roaming alpaca in Peru, opened its first store in Cusco, Peru.
Burris Optics Appoints New General Manager
Burris Optics, headquartered in Greeley, CO and part of Beretta Holding S.A., the Italian industrial group, hired Bruno Beccaria as U.S. general manager.
Revolve To Open First Permanent Store In Aspen
The store opening “supports Revolve’s broader strategy to blend online and offline shopping, giving customers more touchpoints” and follows the company’s “successful” pop-up shop the company opened in the same location in December 2023.
Retrospec Recalls Some Beaumont Plus ST Bikes
Retrospec is recalling about 530 Beaumont Plus ST bikes. The front disc brake rotor and brake pads could be misaligned, posing a crash hazard.
Black Diamond Recalls Neve Strap Crampons
The recall involves Neve Strap Crampons and Accessory Kits, Style No. 400073, with date codes 01-2021, 05-2022, 07-2023, 01-2024, and SS1271.
Ammo, Inc.’s Losses Steepen On Sales Declines
Ammo, Inc., the owner of GunBroker.com, reported sales fell 7.5 percent in the fourth quarter and 24.2 percent in the fiscal year ended March 31 with losses widening in both periods.
Numerator: Consumer Confidence Held Steady in May
Consumer confidence was about flat compared to April, with 41 percent of consumers very or somewhat comfortable spending money on discretionary purchases.
Golden Goose Aims for $2 Billion Valuation in IPO
The Italian-based luxury sneaker maker owned by private equity firm Permira, is aiming at a market capitalization of up to €1.86 billion ($2 billion) in its upcoming initial public offering (IPO) on the Milan bourse.
Coghlan’s Snaps Up Fozzils
The integration of Fozzils’ products into Coghlan’s, maker of camping accessories, will begin immediately, with plans to introduce Coghlan’s branded products by Fall 2024.
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