Coast Products has a rich history. The Portland, OR-based maker of knives, multitools, headlamps, flashlights and other accessories is turning 100 next year and has been family-owned since its founding in 1919. CEO David Brands spoke with SGB about the origins of the company his grandfather created, what’s driving growth and where Coast goes from here.
Category: Outdoor
VF Corp. To Say Bye To Reef
While acquiring Icebreaker and Altra this year amid stepped-up efforts to “reshape” the company’s portfolio, VF Corp. on Thursday reached an agreement to sell Reef, the surf-inspired sandal brand, to The Rockport Group. The divestiture will mark the first sell-off of a brand that had been part of the company’s Outdoor or Active coalitions that has driven the company’s growth for the last two decades.
United Airlines Waives Surfboard Fees In California
To celebrate California recently naming surfing as the state’s official sport, United Airlines said the company is removing the service fees for surfboards for customers traveling to or from California.
OBIT: Granite Gear’s Mike Cruikshank
Granite Gear, Northern Minnesota-based backpack manufacturer, announced the passing of former company partner Mike Cruikshank. With Cruikshank’s talents and determinations, the company was able to grow to become an international force in the outdoor industry.
Conservation Alliance Stewardship Event Draws 110 Outdoor Industry Volunteers
More than 110 volunteers from 12 Conservation Alliance member companies participated in the organization’s 11th Annual Backyard Collective stewardship event near Boulder, CO, on Friday, September 28.
Flowfold Finalizes Acquisition Of New Headquarters
Portland, ME-based outdoor and lifestyle brand Flowfold has announced the acquisition of a 7,500-square-foot, multi-tenant industrial building in Gorham, ME.
Outdoor Retailer Introduces Judges For Outdoor Retailer Innovation Awards
Outdoor Retailer, the largest U.S. tradeshow and premier business event for the outdoor industry, on Thursday introduced the initial judges for the inaugural Outdoor Retailer Innovation Awards.
VF Corp. To Sell Reef To The Rockport Group
VF Corp. announced that the company has entered into a definitive agreement to sell the Reef brand to The Rockport Group. Reef will operate as an independent global brand under The Rockport Group, and will maintain its Carlsbad, CA, headquarters.
RECALL: Ozark Trail Camp Axes
About 246,000 Ozark Trail camp axes sold by Walmart are being recalled. The axe head can detach from the handle posing an injury hazard.
L.L.Bean Pledges $1 Million For Parks
L.L.Bean announced the company’s partnership with The Trust for Public Land with a $1 million investment to help connect more people to nature.
Camera startup Rylo Nets $20M Series B Funding
Rylo, the action camera startup, secured $20 million in Series B funding, led by Icon Ventures. Niclas Bornling, formerly at New Era, was hired as VP of marketing.
Camber Outdoors Announces Eight Camber Exchanges In October 2018
Camber Outdoors, the active-outdoor industries organization committed to a vision of Everyone’s Outdoors, has announced eight October events in the 2018 Camber Exchange series.
Mike Wilson Joins 100% As Marketing Manager
100% has appointed Mike Wilson as marketing manager. Wilson most recently served as a marketing and public relations agent for Look Cycles and Corima Wheels in their return to North American direct distribution. Prior to that, he served as North American Brand Manager for Mavic and Suunto, two brands in the Amer Sports portfolio.
Toys R Us Cancels Bankruptcy Auction, Plots Comeback
According to documents filed in bankruptcy court, Toys R Us’ lenders cancelled the bankruptcy auction of intellectual property assets after receiving qualified bids for assets by investors seeking to revive the chain.
September M&A Roundup: Ski Resort Consolidation Ramps Up
Signs of the coming ski season are evident in many North American mountain towns, where fall foliage is peaking, snowmaking has begun at some resorts and a new crop of ski and snowboard films is hitting theaters. Ski area operators are especially active these days, of course, but not only from fine-tuning their chairlifts and hiring seasonal staff. They have been busy expanding their empires.
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