FSN Capital IV signed an agreement with Holta Invest to acquire a majority stake in Active Brands, a Nordic supplier of premium sporting goods brands including Kari Traa, Dæhlie, Bula and Sweet Protection.
Category: Outdoor
Former Patagonia CEO Makes Massive Land Donation In Chile
The donation from Kristine Tompkins is being billed as the world’s largest donation of privately held land.
Ibex Outdoor Clothing Introduces Impact Fund
Ibex’s CloseKnit social responsibility team will select deserving non-profit organizations to receive monetary and product donations.
Wolverine Brand Appoints Sales And Marketing Leaders
Wolverine, the flagship brand of Wolverine Worldwide, appointed John Estes as vice president of global sales and Andy Shripka as vice president of marketing.
Canada Goose Goes Public
Shares of Canada Goose debuted above its projected range in its initial public offering and flew upward in its first day of trading.
Canada Goose Shares Soar On IPO Debut
The IPO offering of 20 million shares was priced at CA$17, or about U.S.$12.78 and opened at U.S.$18.05 in trading on the New York Stock Exchange. By late Thursday afternoon, shares had settled to close at U.S.$16.08, up 25.8 percent from its IPO price.
Hurley Collaborates With Surfing Champ Carissa Moore
The surf apparel and accessories brand also adapted key insights from Nike’s Innovation Team.
GoPro’s Shares Jump On Job Cuts, Raised Expectations
GoPro shares were up nearly 15 percent in late-trading Thursday after the company announced cost-cutting measures and forecast first-quarter earnings at the high end of guidance.
REI Delivers Robust Year In 2016
Earnings climbed 8.2 percent in 2016, helped by a 5.5 percent revenue gain and improved gross margin rate.
Polartec And Oiselle Take On The Speed Project
The Speed Project is an unsanctioned ultra-relay race that starts at Santa Monica Pier in Los Angeles and ends 344 miles later at the “Welcome to Las Vegas” sign on the strip.
REI Sees 5.5 Percent Sales Gain In 2016
Sales reached $2.56 billion in 2016. Comparable store sales, which include direct to consumer sales, were up nearly 4 percent and digital sales grew by nearly 18 percent.
Garneau Partners With Clif Pro Mountain Bike Team
The provider of cycling and triathlon clothing and bike equipment and gear unveiled a two-year global partnership with the Clif Pro Mountain Bike Team.
GoPro Sees Q1 Revenue At Top Of Guidance
GoPro Inc. estimated its first-quarter revenue would land at the top end of its forecast while announcing it would eliminate another 270 positions in another restructuring.
ElliptiGo Teams Up With Velofix
The elliptical bicycle company formed a partnership with Velofix, a fleet of mobile bike shops.
Zenbivy Partners With Verde Brand Communications
Founded by industry veteran Michael Glavin, Zenbivy will launch its crowdfunding campaign for the on Kickstarter this spring.
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