Author: Thomas J. Ryan

Kent Outdoors Looks Beyond The Water

Kent Outdoors Looks Beyond The Water

Seawall Capital earlier this year rebranded Kent Watersports to Kent Outdoors to signal its interest in acquiring companies beyond water sports. In an interview with SGB Executive, Matt Eby, founder and managing partner, Seawall Capital discusses Seawall’s interest in the outdoors space, its acquisition strategy and the recent acquisitions of BOTE paddle boards and Kona Bicycles. (Read More)

Helen Of Troy Faces Sell-Off On Outlook Cut

Helen Of Troy Faces Sell-Off On Outlook Cut

Shares of Helen of Troy, Ltd. lost about 9 percent of their value on Thursday after the company slashed its outlook for the fiscal year due to inflationary pressures and macroeconomic concerns. Sales in the Home & Outdoor segment, which includes Hydro Flask, Osprey and OXO, are now expected to grow from 9.0 percent to 11.0 percent in its fiscal year ending February 2023, down from previous guidance for 19.0 percent to 21.0 percent. (Read More)

Vista Outdoor Goes Big With Fox Racing Acquisition

Vista Outdoor Goes Big With Fox Racing Acquisition

In what will mark its largest acquisition to date, Vista Outdoor Inc. announced that it had agreed to acquire Fox Racing for $540 million. The acquisition of the motocross and mountain bike helmet and apparel specialist moves Vista deeper into the adventure sports space that the firm already dabbles in with its QuietKat e-bike brand and its cycling brands that are led by Giro and Bell. (Read More)

Nike Sees Price Target Cuts From Wall Street Over Disappointing Outlook

Nike Sees Price Target Cuts From Wall Street Over Disappointing Outlook

Wall Street analysts across the board reduced their price targets and go-forward EPS estimates on Nike, Inc. after the sportswear giant guided FY23 EPS below analyst targets as significant markdowns are expected over the next two quarters to recalibrate China’s bloated inventory levels. Most analysts still kept favorable ratings on Nike's stock. (Read More)

Latest SGB Today Stories

Post Your Product Stories Here

GO HERE to learn more about the SGB Media PR Portal Partner Program for brands, PR agencies, PR managers and other marketing professionals.

CONTACT US HERE to apply to start posting your own Press Releases.

Pin It on Pinterest

Share This