The Rossignol Group signed an agreement with IDG Capital, a leading China focused investment firm with U.S. origins and global presence. Through a capital increase leading to a 20 percent ownership in the company, IDG Capital will use the company’s expertise to support the development of the French group on the Chinese market.
Category: Outdoor
Vail Resorts To Acquire Four Ski Resorts
Vail Resorts Inc. has agreed to acquire Triple Peaks LLC, the parent company of Okemo Mountain Resort in Vermont, Mount Sunapee Resort in New Hampshire and Crested Butte Mountain Resort in Colorado. In a separate transaction, Vail is acquiring Stevens Pass Resort in Washington.
RILA Warns Of Downstream Impact Of Steel And Aluminum Tariffs
RILA (Retail Industry Industry Leaders Association) said the Trump Administration’s announcement that it will impose new steel and aluminum tariffs has “created a three-front trade war, targeting NAFTA, China, and now the European Union, with no resolution to any of these disputes in sight.”
OIA Concerned Over Steel And Aluminum Tariffs
In a statement, Rich Harper, manager of international trade at the Outdoor Industry Association (OIA), warned that tariffs could “significantly” raise costs for products like trekking and ski poles, tent frames, carabineers, crampons, stoves and other products made in the U.S. by outdoor companies that source steel or aluminum from the Canada,, Mexico and the European Union.
Chinook Footwear Appoints U.S. Representation
Chinook Footwear announced the hiring of Kittredge & Associates as the brand’s sales representatives for the entire U.S.
Aisle Talk Week of May 28
Top headlines from the active lifestyle industry you may have missed this week, including the potential for an Eddie Bauer and Pacific Sunwear merger.
May Retail Jobs See Huge Year-Over-Year Increase
The retail industry employment increased by 28,800 jobs seasonally adjusted in May over April and 100,200 jobs unadjusted year-over-year, the National Retail Federation said Friday.
Nordica Signs Trio Of European Skiers
Nordica on Friday announced the signing of three new FIS Alpine World Cup athletes: Swiss racers Marc Rochat and Justin Murisier, and Slovenian speed expert Boštjan Kline. They join the company’s Dobermann World Cup team, which includes German national team members Felix Neureuther and Fritz Dopfer, and Italy’s Dominik Paris.
Newell Brands’ CFO To Retire
Newell Brands Inc. announced that Ralph Nicoletti, executive vice president and chief financial officer, will retire at the close of 2018.
Columbia Sportswear Appoints Director Of Investor Relations
Columbia Sportswear Company announced that Andrew Burns has joined the company as director of investor relations and competitive intelligence.
Canada Goose Announces Strategy For Long-Term Growth In China
Canada Goose announced the company’s expansion plans for Greater China, including establishing a regional head office in Shanghai and a partnership with Alibaba, as well as appointing Scott Cameron as president, Greater China.
Nationwide Trails Celebration To Take Place June 2
American Hiking Society’s National Trails Day is aiming to collectively improve 2,802 miles of trail, the distance across the U.S., in a single day, in honor of the 50th Anniversary of the National Trails System.
Chums Announces River Guide Competition Finalists
Chums announced the finalists of its Ultimate River Guide competition. The competition is being held in celebration of the eyewear retainer and outdoor accessory brand’s 35th anniversary.
Firearms Fallout Fizzles As Dick’s Sporting Goods Surges In Q1
Dick’s Sporting Goods’ recent policy refusing to sell firearms resulted in plenty of PR fallout but it hasn’t affected the retail giant’s bottom line. The Pittsburgh, PA-based company easily beat Wall Street’s estimates for the first quarter ended May 5 through strength in other categories, including an especially solid performance in private label sales, which led to higher margins.
Paddlesports Retailer Announces 2018 Paddlesports Industry Dinner
Paddlesports Retailer, the official North American tradeshow of the paddlesports industry, has selected the Renaissance Oklahoma City Convention Center Hotel as the venue for the 2018 Paddlesports Industry Dinner, featuring the first Paddling Magazine Product & Industry Awards.
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