In a regulatory filing, Vista Outdoor announced an over $50 million cost reduction and earnings improvement program, including closing Bell/Giro headquarters in Scotts Valley, CA, spending cuts, EBIT improvements, and headcount reductions across brands and corporate teams. Jason Vanderbrink was promoted to CEO of Sporting Products.
Author: SGB Media
Blue Ridge Chair Works Hires Head Craftsman
Blue Ridge Chair Works, a portable outdoor furniture manufacturer, hired Colin Buxton as a head craftsman who is also tasked with introducing a brand refresh.
Blizzard-Tecnica Hires Business Unit Director For North America
Blizzard-Tecnica hired ski industry veteran Topher Plimpton as the business unit director for North America for the U.S. and Canadian markets.
Sportstats World Acquired By Investment Group Led By Employee
Sportstats World completed its internal sale to an investment group led by the Director of Operations and lead timer A.J. Mousseau and Grand Rapids, MI, based Carbon River Capital.
FitFlop Secures $30 Million To Fund Growth
FitFlop secured a five-year $30 million revolving credit facility from London-based Aurelius Finance Company, an independent secured lender providing asset-based financing solutions to the UK and European companies to support long-term growth.
Rocky Brands Sells Servus Brand
Rocky Brands, Inc. reported it sold its Servus brand to PQ Footwear, LLC, an Industrias PetroQuim, SA subsidiary based in the Dominican Republic.
Nutritional Products International Names President
Nutritional Products International hired Joseph Mies, the founder of Muscle Foods USA, as president.
IHRSA Responds To FTC Membership Rule Proposal
In a statement, Liz Clark, IHRSA president and CEO, criticized the Federal Trade Commission’s (FTC) proposal dealing with cancellation methods for specific services and memberships.
USTA Launches USTA Connect
The U.S. Tennis Association (USTA) launched USTA Connect, an initiative to connect key members of the U.S. tennis industry to increase industry collaboration and provide insights and services.
Brooks To Invest $10 Million In Young Runners
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Templar Knife Adds Sales Agency For Southeastern U.S. Region
Templar Knife hired Core Line, a manufacturer’s rep agency, to cover the Southeastern states.
The Headrest Safe Company Taps Sales Group For TALO States
The Headrest Safe Company, LLC partnered with Frontier Sales & Marketing Group to oversee the growth and expansion of the company’s accounts in Texas, Arkansas, Louisiana, Oklahoma, and Mississippi.
World Health Organization Partners With WFSGI To Increase Physical Activity
The World Health Organization and the World Federation of the Sporting Goods Industry formed a Memorandum of Understanding agreement to “align and reinforce private sector support to increase physical activity and community sport participation to improve global health.”
Golftec Relocates Northern New Jersey Location
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Puttshack Continues Expansion In Midwest
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