The company plans to acquire Mike Wiegele Helicopter Skiing in Blue River, BC, Canada. Upon closing, the heli-skiing operation will further expand Alterra’s heli-skiing portfolio, complementing CMH Heli-Skiing and Summer Adventures.
Author: SGB Media
EXEC: Sports Direct Parent Expands Stake in Norwegian Retailer
Shares of XXL, the struggling Oslo-listed sports retailer, are reportedly surging after the company reported that Frasers Group, the UK-based parent of Sports Direct, purchased 117.4 million shares of the company, bringing its total holding to 162.1 million.
EXEC: BRC Sees Weaker UK Retail Growth in September as Non-Food Sales Decline
The British Retail Consortium reported that total UK retail sales were 2.7 percent in September, against a growth of 2.2 percent in September 2022, supported by a 9.5 percent inflation rate.
Gatorade Grows Double-Digits In Third Quarter
PepsiCo reported sales of the Gatorade sports drink brand grew double-digits in the fiscal third quarter ended September 9 as increased prices offset a mid-single-digit decrease in unit volume.
EXEC: JD Sports Completes Shares Purchase of Iberian Sports Retail Group
Effective October 10, JD acquired 49.98 percent of shares of ISRG from Balaiko Firaja Invest, S.L. and Sonae Holdings, S.A. for cash consideration of €500.1 million ($531.2 million) and now owns 100 percent of ISRG shares.
Ross Stores Opens 51 New Stores in September and October
The company opened 43 Ross Dress for Less and eight DD’s Discounts stores across 22 states in September and October, completing the company’s store growth plans for fiscal 2023, adding 97 new locations.
Iconix Brand Founder Neil Cole Gets 18-Month Prison Term
Neil Cole, the founder and former CEO of Iconix Brand Group, was sentenced to 18 months in prison, after his second trial in a criminal case. Last November, Cole was convicted of securities fraud and other charges for misleading investors about the company’s earnings.
Trust for Public Land Appoints Luis Benitez as Chief Impact Officer
In his capacity as CIO, Benitez will reportedly play a pivotal role in guiding, advancing and overseeing several key areas of TPL’s work including marketing and communications, federal affairs in Washington D.C. and TPL’s Land and People Lab.
Alterra Mountain Company Names New President and COO of Stratton
Alterra Mountain Company announced that Matt Jones has been named the new president & COO of Stratton, the ski resort in Vermont.
Sporting Insights Appoints Joint Managing Director
The U.K.-based market research firm announced that Richard Payne has taken on a new position as joint managing director of the company, alongside managing director, John Bushell.
AGM Global Vision Names President
AGM Global Vision, a manufacturer of electro-optics, night vision, and thermal imaging for hunting, appointed Mark Tarakanov as its new president. Tarakanov is one of the original founders of AGM Global and a seasoned industry veteran.
Pure Hockey to Open Two Stores In Ohio
Pure Hockey announced plans to open two stores in Ohio in mid-October in Columbus and Mayfield Heights. The openings mark the retailer’s entrance into Ohio.
Report: UK Holiday Spending Increase Will Fall Short of Inflation Growth
The 3.4 percent growth for the holiday selling period, driven by 9.3 percent inflation for the year, still falls short of last year’s increase and marks a second quarter of slowing growth in 2023.
Skechers Obtains European Injunction Against Dockers Over Hands Free Slip-Ins Designs
Skechers USA, Inc. reported it had obtained a European Union-wide preliminary injunction against Dockers by Gerli for selling a shoe style that infringes on Skechers’ Hands Free Slip-ins designs.
Thor Industries Increases Quarterly Dividend
Thor Industries, Inc. reported that its Board of Directors approved an increase in the amount of its regular quarterly dividend to 48 cents per share from 45 cents, an increase of approximately 7 percent.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal