Category: Outdoor

Lance Armstrong Enters Boston Marathon

January 17, 2008 SGB Update

Lance Armstrong, the seven-time Tour de France champion, has entered the 2008 Boston Marathon, the Boston Athletic Association announced today. Armstrong qualified for the Boston Marathon with a 2:46:43 finish at the 2007 ING New York City Marathon. The B

Garmin Completes Acquisition of Danish Distributor

January 17, 2008 SGB Update

Garmin Ltd. completed the acquisition of Fairpoint Navigation A/S (“Fairpoint”), the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Denmark. The company will be renamed Garmin Danmark A/S and will retain its ma

Kellwood Investor Backs Hostile Bid

January 17, 2008 SGB Update

A small Chicago money management group has thrown its support behind a private equity firm's hostile bid for Kellwood Co., the owner of Sierra Designs, Kelty, Royal Robbins and other outdoor brands. Discovery Group, LLC, which manages about $200 mill

Coleman Supports Tree Project in Central Park

January 17, 2008 SGB Update

The Coleman Company, Inc. and sister company Marmot Mountain LLC supported the kickoff of a project launched on Jan. 10 to save and plant trees in Central Park. The project was launched next to a stately European Beech tree in the park’s Cherry Hill sect

Cabela’s Sells $57 Million of Senior Notes

January 17, 2008 SGB Update

Cabela's Inc. said it sold $57 million aggregate principal amount of its 7.2% senior notes in a private placement to institutional buyers. The notes have a final maturity of 10 years and an average maturity of seven years…

Crocs Taps CFO to Head Retail Division

January 16, 2008 SGB Executive SGB Update

Crocs Inc. CFO Peter Case has moved into the newly created position of SVP, retail division. Case was already spending much of his time building Croc's branded stores in the United States and worldwide. He will be replaced in the CFO post by an execu

Snow Boosts Jarden’s Winter Sports Sales

January 16, 2008 SGB Executive SGB Update

Jarden Corporation said fourth-quarter revenue and operating profits related to its winter sports business were in line with expectations. CEO Martin Franklin said strong early snow conditions, particularly in North America, favored its winter sports line

Ashworth Acquires Sun Ice Trademarks

January 16, 2008 SGB Update

Ashworth, Inc. announced the acquisition of the Sun Ice and Sunice trademarks from Fletcher Leisure Group Inc., a company owned by its new CEO. The company expects to launch a new golf-related technical outerwear line during 2008 under this brand in the U

Adidas to Rethink Olympic Support

January 16, 2008 SGB Executive SGB Update

Adidas officials told a German newspaper that it will reconsider support for the Olympics after the 2008 Beijing Olympics in light of the continued ban by the International Olympic Committee on displays of the Adidas three-band logo on team uniforms…

Augusta Sportswear Sold to PE Firm/Management

January 16, 2008 SGB Update

Augusta Sportswear Holdings Inc., a Georgia supplier of athletic apparel and outerwear, was sold by one private equity firm to another PE firm and members of Augusta's management. Terms of the deal were not disclosed…

Callaway Forecasts 10% Rev Gain

January 16, 2008 SGB Executive SGB Update

Callaway Golf Co. expects sales for the year ended December 31 to increase approximately 10% to a record $1.125 billion, up from $1.018 billion a year ago. Earnings are expected to come in between 79 to 81 cents a share, which compares with earnings of 3

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