In a deal that may make evoke whines from some outdoor insiders, three Fortune 500 veterans bought Gregory Outdoor Products. The all-cash deal marks the first time the company has been independent since its founder Wayne Gregory sold the business 25 years
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Founder Leaves Teko as Anatom Ltd. Enters…
Jim Heiden, Teko's CEO and founder, has left the company as Anatom Ltd., its new U.K.-based distributor, acquires a majority stake. Teko's VP of operations, Owen Hammond, has been named general manager in a move to ensure “a smooth ownership tr
And Native Enters Public Eye Under A.T. Cross…
Native Eyewear Inc. was acquired for $18.8 million last week by A.T. Cross Co., which is on a quest to build a $100 million optics business by 2010. Apparently, the numbers finally worked for everyone. ATX said it had paid $17.8 million in cash and assume
Administration Allows
A Bush administration interagency group, meeting earlier this month to discuss a proposal by U.S. Customs and Border Protection to eliminate the “first sale” rule of valuation for imported products, declined to withdraw the controversial plan. Instead, it
Action Sports Chain Adrenalina Plots National Expansion
Adrenalina, a destination retailer designed for extreme sports enthusiasts, announced that it has signed six new lease agreements as part of a national expansion initiative. The leases include premier mall locations in Atlanta, Denver, New York Metropolit
G-III Apparel Sales Climb 21.5%
G-III Apparel Group, Ltd. reported sales rose 30.2% in its fourth quarter ended Jan. 31, to $128.7 million from $98.8 million. Net income improved to $1.07 million, or 6 cents a share, from $518,000, or 3 cents, a year ago…
Hoax of the Day: General Motors Acquires Specialized Bicycle Components
In the grand tradition of April Fools, the big prank in the sporting goods market was a story claiming General Motors has acquired Specialized Bicycle Components, based in Morgan Hill, CA. SportsOneSource, too, was momentarily fooled…
KangaROOS Names Product Line Manager
KangaROOS has named Deneen Habarta as its new product line manager for the US market. Operating under a new management team, KangaROOS is set to launch its first collection into the US market this fall with a more expansive collection to be introduced for
The Finish Line Posts $38.6 Million Q4 Loss
The Finish Line, Inc. reported a loss from continuing operations of $38.6 million, or 82 cents a share for the fourth quarter, versus income from continuing operations of $25.8 million or 54 cents, a year ago. Consolidated net sales from continuing operat
Under Armour Sponsors Lacrosse Classic
Under Armour, Inc. and Corrigan Sports Enterprises announced that the third annual Under Armour All-America Lacrosse Classic will take place at Towson University's Unitas Stadium in Towson, MD on July 12. The top 44 senior boys and girls players in t
Mammoth Energy Acquires Flowboard
Mammoth Energy Group, Inc., based in Winston-Salem, NC, has signed a letter of intent to acquire Sport Technology, Inc., the maker of the alternative skateboard, Flowboard. Terms weren't disclosed…
Nautilus Appoints New Chief Executive
Nautilus announced that its chairman, Edward Bramson, has assumed the additional duties of chief executive officer. He replaces Robert S. Falcone who has served in that capacity since August 13, 2007 when the board asked him to step in to run the company
Sturm, Ruger’s President to Head Firearms Trade Association
Sturm, Ruger & Company, Inc. announced that its president, Stephen L. Sanetti, will be leaving Ruger on May 1, 2008 to accept the position of president and CEO of the National Shooting Sports Foundation, the trade association for the firearms industry.
Adidas Forms Joint Venture to Distribute Reebok in South America
Adidas AG and Brazilian shoe company Vulcabras SA have agreed to form a joint venture to sell shoes, shirts and other sports apparel from Reebok in South America. The two companies said that the joint venture will sell Reebok-made products in Brazil and P
Timberland Names European Wholesale Footwear Director
Mike Lynskey has been appointed European wholesale director of footwear brand Timberland. Lynskey was previously managing director for the outdoor group Europe at Wolverine, and had responsibility for its Merrell, Sebago and Patagonia brands in Europe…
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