Vista Outdoor, Inc. announced that Czechoslovak Group (CSG) had increased its bid for The Kinetic Group, Vista Outdoor’s ammunition business, by $40 million from $1.96 billion to $2 billion. The higher offer comes as Institutional Shareholder Services (ISS) last week called on Vista Outdoor shareholders to abstain from voting to approve the sale.
Author: SGB Media
Skeeter Boats Appoints New General Manager
John Clark was the assistant GM, and his responsibilities included managing daily operations, staff, facilities, and Skeeter’s long-term vision. He joined the company in 2006.
Sierra Bullets and Barnes Bullets Appoints New CEO
Most recently, Jim Bruno, the new CEO, was president at Vista Outdoors’ Bushnell unit, which holds many brands in its portfolio, including Bushnell, Simmons, Primos, Hoppes, Champion, Gold Tip, BeeStinger.
Tommy Hilfiger and U.S. SailGP Team Ink Global Partnership
The partnership kicks off for the league’s 2025 season, to redefine fashion’s role in sailing and sports role in pop culture.
Nike Faces Shareholder Lawsuit Over DTC Strategy
A Nike, Inc. shareholder has filed a securities class action in the District of Oregon’s Portland division, claiming the company misled investors about the financial effects of prioritizing direct-to-consumer sales. Plaintiffs are seeking class-action status, an unspecified amount in damages and a jury trial.
EXEC: Rip Curl, Oboz Parent KMD Brands Sees Weaker-Than-Expected End to Fiscal Year
The parent company to the Rip Curl, Oboz and Kathmandu brands reported a slower-than-expected start to the winter promotional season for Kathmandu and noted that Rip Curl and Oboz wholesale customers continue to reduce their inventory holdings.
Rally House Expansion Continues in Texas
The retailer announced the first of several stores to open in a new market for the company in Houston, TX with Rally House Houston Outlets.
Shaun White’s Unrivaled Sports Acquires Stake in Snobahn
Snobahn, founded in 2016, offers indoor facilities to advance skiing, snowboarding, skateboarding, and BMX skills to with features that include revolving slopes and trampoline freestyle areas.
Athleta-Parent Hires Chief Technology Officer
Prior roles for Sven Gerjets include chief information officer, Time Warner; SVP, information technology, DirecTV; chief technology officer, Pearson; director, global e-commerce, Symantec. Most recently, Gerjets was the EVP and chief technology officer from July 2017 to May 2024 at Gap, Inc.
Summer Kicks Off in NYC with Mubadala New York Sail Grand Prix
The first F50s have hit the water in New York City to begin training ahead of racing this weekend. After two fleet races on June 23, the top three ranked teams will fiercely compete in the winner-takes-all final, which will ultimately decide the event winner.
Badlands Launches UV Hoodie for Hot-Weather Adventures
Features include a UPF 50 UV protection rating to keep the worst of the sun’s rays off the body. Now in its 32nd year, Badlands focuses on quality, innovation, and performance and offers an unconditional lifetime product warranty.
Puma Releases Teveris G Spikeless Golf Shoe
The Teveris G is a lifestyle shoe, drafted from the early 2000s, the era trending in today’s fashion scene.
EXEC: Smith & Wesson CEO Sees Company Outpacing Industry, Led by 1854 Launch
In the sporting goods channel, the company’s long gun unit shipments increased by over 14 percent in the fourth quarter versus the year-ago period and handgun shipments were said to be up almost 8 percent.
Report: Retail Sales Show Signs of Stabilization in May
The latest report from Circana reveals that U.S. retail sales, encompassing discretionary general merchandise and consumer packaged goods (CPG), have experienced a 1 percent growth, with consumers adapting their spending habits in response to moderating price pressures.
Head Rush Technologies Recalls Belay Devices
Head Rush Technologies recalled about 2,200 Trublue iQ auto belay devices for climbers sold in the U.S. due to a fall risk.
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