CZG Completes Colt Acquisition

Colt Holding Company LLC announced CZG Group has successfully closed its acquisition of 100 percent of the equity interest in Colt, the parent company of the U.S. firearms manufacturer, Colt’s Manufacturing Company LLC and its Canadian subsidiary, Colt Canada Corporation.

RECALL: Thule Tepui Hybox Rooftop Tents

Thule Group initiated a recall in partnership with NHTSA (National Highway Traffic Safety Administration) of  the Tepui Hybox 8001HB103, 8001HB112, Tepui Hybox Wedge, 8001HB203, Thule Tepui HyBox, 901100, and Thule Tepui HyBox Wedge, 901110, rooftop tents.

VF Corp.’s Q4 Sales Top Wall Street’s Target

VF Corp. reported sales in its fiscal fourth-quarter beat top-line estimates but earnings came in slightly below targets. Sales in the quarter grew 19 percent on a currency-neutral basis, led by a 23 percent gain by The North Face. Vans’ sales grew 10 percent and Timberland’s sales gained 19  percent on a currency-neutral basis.

Kathmandu Appoints New CEO

Kathmandu Holdings Limited announced the appointment of Michael Daly, CEO of Rip Curl, as group chief executive officer and managing director following the resignation of Xavier Simonet, chairman of Kathmandu Holdings.

Arc’teryx Appoints VP, Brand

Arc’teryx Equipment announced the appointment of Karl Aaker to the role of VP, brand, effective immediately. He formerly worked for Lululemon and Nike.