Angeles Mountain Partners, LLC (AMP) has acquired Mt. Waterman Ski Lifts, LLC, assuming management and operations. The company described it as “Southern California’s closest and most iconic mountain resort,” located an hour from downtown Los Angeles.
Author: SGB Executive
EXEC: Mountain Trade Network Acquires London Snow Show Brand
Mountain Trade Network, owners of the Listex, Listex Luxury and Sastex B2B trade shows, has acquired the London Snow Show brand from Raccoon Media Group, marking a milestone in the future of the UK snow sports industry.
EXEC: Stella Intl Sees Increased Q3 Sport Footwear Shipments Cut into ASPs
The manufacturer of footwear for Nike, Saucony, Under Armour, Merrell, Timberland and Ugg saw Q3 shipment volumes roughly flat in US dollar terms, despite comping against a decrease of approximately 18.7 percent in Q3 last year.
EXEC: REI Selling Four Distribution Centers in Sale/Leaseback Plan
REI is seeking to monetize the value of the DCs through a triple-net (NNN) sale/leaseback transaction with an end of year 2024 Closing.
EXEC: Rip Curl CEO Resigns Two Weeks After Parent Company CEO Resigned
Brooke Farris has given notice of her resignation as Rip Curl brand CEO. The move comes just two weeks after Daly gave his notice to the Board of his resignation after serving as Group CEO since May 2021.
EXEC: Adidas Again Lifts Guidance on Robust Third Quarter Results
Excluding Yeezy sales, currency-neutral revenues jumped 14 percent in Q3. Any further Yeezy sales this year are expected at cost, resulting in ~€50 million in additional sales and no further profit contribution in the fourth quarter.
EXEC: Swedish Investment Firm Merges Five Companies into Single Sports/Active Entity
Storskogen companies Ullmax, JO Sport, Tennis fashion, Racketdoktorn and On Target have merged into the joint company ASHE, which now constitutes a leading Nordic distribution, sales and marketing partner within sports and active lifestyle.
EXEC: Giant Group Returns to a Sales Decline in September Versus Easy Comps
The Taiwan-based bike manufacturer reported a 4.8 percent year-over-year decrease in sales for the month to NT$6.03 billion. The decline comes after a 16.6 percent increase in July and a 2.0 percent increase in August shipments.
EXEC: September Footwear Factory Shipments Shine as Key Nike Factory Returns to Growth
Yue Yuen’s Manufacturing business boasted a 26.7 percent year-over-year increase in September, while Feng Tay reported Manufacturing revenues inched up 1.3 percent to NT$6.82 billion in September.
EXEC: Outdoor Industry Association Partners With Switchback Trade Show
OIA ended its 30-year partnership with Outdoor Retailer trade show this past July and will now support a twice-annual outdoor trade show. The year-round partnership will debut at the inaugural Switchback Spring in Nashville, TN from June 16 to 18, 2025.
CCM Hockey Agrees to Acquisition by European PE Firm Altor
The Canadian equipment brand owned by Birch Hill Equity Partners agreed to be acquired by the Swedish private equity firm Altor. The transaction is expected to close by the end of 2024.
EXEC: Beyond Yoga Acceleration Seen as Key Focus for Levi Strauss Going Forward
Through a transformational pivot to operating as a DTC-first company, Levi Struss & Co. is narrowing its focus to realize the full potential of the Levi’s brand as well as accelerate Beyond Yoga.
EXEC: Rip Curl and Oboz Parent Taps Former Nike Exec as New CEO
The parent company to the Rip Curl, Oboz and Kathmandu brands has named former Nike executive and current KMD Board member Brent Scrimshaw as its new group CEO. Michael Daly has given notice to the Board of his resignation.
EXEC: Basic-Fit Sees Top 20 Investor Pressure Board to Sell Fitness Company
Buckley Capital Management, LLC and its affiliates are confident that there is significant interest from private equity, and implored Basic-Fit’s management and the Board to initiate a strategic review process.
EXEC: U.S. Now Largest Region for JD Sports; Finish Line Banner to Retire
The parent of the JD, Hibbett, Finish Line, DTLR, and Shoe Palace retail brands in the U.S. and JD and others worldwide saw revenue grow 5.2 percent to £5.03 billion in the first half, including £61 million from 10 days of Hibbett sales.
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