Outdoor Retailer Parent Announces Closing Of Backstop Sale

Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced the completion of its previously announced issuance and sale of 22.66 million shares of its 7 percent series A convertible participating preferred stock to an affiliate of Onex Partners V LP.

Hurley Family Launching Apparel Line With John John Florence

Kandui Holdings LLC, founded by the Hurley family, announced plans to launch Florence Marine X, an apparel collection in collaboration with two-time world champion surfer John John Florence. The partnership comes after Kandui in early August acquired the outstanding assets and intellectual property of the Simple footwear brand.

Wolverine Worldwide Appoints President, CEO-Designee

Wolverine World Wide Inc. announced the appointment of Brendan Hoffman as its next president and his appointment as a member of its Board of Directors, effective September 8. He is expected to transition over a period of time to become the future CEO of the company.

Canada Goose’s Q1 Sales Plunge

Canada Goose Inc. reported sales collapsed 63.3 percent in its seasonally-slow first quarter ended June 28 due to the impact of store closings due to COVID-19 and slow reopening phases. The loss widened in the period. The company now expects a decline in wholesale segment sales in its fiscal year.

Dorel Sports’ Q2 Sales Jump 18.5 Percent

Dorel Industries Inc. reported operating profits nearly tripled at its Q2 segment in the second quarter as sales rose 18.5 percent.  The segment includes Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse. Sales were limited by a lack of supply of certain models despite Asian suppliers re-opening in February.