REI Co-op announced it will complete a 14-year commitment to be carbon neutral in its operations in 2020 and launched an ambitious new climate platform that will see the co-op more than halve its carbon footprint over the next decade – even as the company anticipates future growth in size and revenue.
Category: Outdoor
Bass Pro Extends Partnership With Toyota
Toyota and partner Bass Pro Shops and Cabela’s announce the renewal of a longstanding partnership for an additional five years, which will lead the brands into 20 years of collaboration together.
Canada Goose Earns B1 CFR Debt Rating From Moody’s
Moody’s Investors Service assigned first time ratings to Canada Goose Inc., consisting of a B1 corporate family rating (CFR), B1-PD probability of default rating, a B2 rating to its proposed $300 million senior secured first-lien term loan B due in 2027, and an SGL-1 speculative grade liquidity rating. The outlook is stable.
Academy Sports And Outdoors Sets IPO Range
Academy Sports and Outdoors late Wednesday set its initial public offering terms, hoping to raise $250 million from the sale of 15.625 million shares between $15 and $17 a share.
Kathmandu’s 2020 Sales Boosted By Rip Curl
Kathmandu Holdings Limited reported group sales were up 48.7 percent in the 12 months ended July 31, boosted by nine-month ownership of Rip Curl.
Patagonia Appoints New CEO
Patagonia appointed Ryan Gellert as CEO of Patagonia Works, the umbrella company for all its ventures. The announcement comes a little over three months after Rose Marcario stepped down from the top spot after 12 years at the company.
Los Alamos County, NM Ranked Healthiest Community, U.S. News & World Report
Los Alamos County in New Mexico topped the 2020 Healthiest Communities Rankings released by U.S. News & World Report and Aetna Foundation.
Sustainable Apparel Organizations Accelerate Industry Efficiencies
The Sustainable Apparel Coalition (SAC), ZDHC Foundation (ZDHC), Textile Exchange, and the Apparel Impact Institute (Aii) announced new partnerships in order to accelerate impact and drive new efficiencies for the industry.
Amazon Launches “Climate Pledge Friendly” Shopping Program
Amazon announced its latest Climate Pledge Friendly shopping program to help customers identify the more than 24,000 products that have met 18 sustainable certifications on its site.
Ortovox Hires Northwest Reps
Ortovox, the specialist in avalanche safety equipment and technical mountainwear, announced a partnership with Elevated Adventures LLC, an agency owned by Joel Anderson, to lead sales efforts in the Northwest.
CODI To Acquire BOA Technology
Compass Diversified (CODI) entered into a definitive agreement to acquire BOA Technology Inc. (BOA), manufacturer of the Boa Fit System for $454 million. The purchase price excludes working capital and certain other adjustments upon closing.
Vail Resorts And PepsiCo Renew + Expand Distribution; Sustainability Initiative
Vail Resorts and PepsiCo announced an expansion of their longstanding partnership, including a significant investment annually in projects that support Commitment to Zero, Vail Resorts’ sustainability pledge.
Dick’s SG Appoints Two Board Members
Dick’s Sporting Goods Inc. announced it has appointed Sandeep Mathrani, the chief executive officer of WeWork, and Desiree Ralls-Morrison, the senior vice president, general counsel and corporate secretary at Boston Scientific Corporation, to the company’s board of directors.
Brixton To Open Store In Encinitas
Brixton, best known for its headwear, plans to open a 1,000 square-foot store in Encinitas, CA in November.
U.S. Senate Unanimously Passes America’s Conservation Enhancement Act
The U.S. Senate on September 16 passed by unanimous consent S. 3051, America’s Conservation Enhancement (ACE) Act. This major package of natural resource management and conservation provisions now moves to the U.S. House of Representatives, where a vote is expected as soon as this week, according to the American Sportfishing Association (ASA).
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