SGB Executive Outdoor
EXEC: Riese & Müller Hires CFO
Riese & Müller, the German manufacturer of e-bikes and cargo bikes, hired Richard Bohl as CFO. Bohl held senior financial positions for over ten years and most recently held the role of managing director at a company in the healthcare sector.
EXEC: Scarpa North America Passes the Leadership Baton
SGB Executive talked with Kim Miller, the longtime CEO of Scarpa North America, and Jonathan Degenhardt, his designated successor, about the 88-year outdoor footwear brand’s heritage and current momentum, the lengthy CEO transition process, and what’s next for Scarpa and the outdoor industry.
EXEC: Son of Luxottica Founder to Resign Over Reported CEO Rift
Leonardo Maria Del Vecchio, the son of EssilorLuxottica’s late founder, is stepping down as chairman of the Ray-Ban brand and the company’s chief strategy officer due to reported tensions with CEO Francesco Milleri.
EXEC: Top Dick’s SG Brass Make Case for Staying the Course Amidst Q2 Market Shift
The conversation that Executive Chairman Ed Stack, President & CEO Lauren Hobart, and CFO Navdeep Gupta had with analysts became more about staying the course, the company’s commitment to the acquired Foot Locker business, and how the trio expects to weather the storm that hit earlier in the morning when the company released its earnings for the most recent period.
EXEC: Strong Saucony China Retail H1 Sales Growth Offset by Xtep Mass Market Decline
China’s Xtep International Holdings Ltd revenue in the 2026 first half declined 0.6 percent as a slight decline in its core Xtep brand offset double-digit gains at its licensed Saucony business. Xtep holds the licensing rights to Saucony and Merrell, both owned by Wolverine Worldwide, in Mainland China, Hong Kong, and Macau.
EXEC: Spinnova Plans U.S. IPO and Nasdaq Dual Listing
Spinnova confidentially filed a registration statement for a proposed initial public offering (IPO) in the U.S. The Finnish sustainable materials company intends to dual-list on the Nasdaq Capital Market while maintaining its existing listing on the Nasdaq First North Growth Market Finland.
EXEC: Tecnica Group Sees Modest H1 Growth on DD Winter Brands Growth
The company reported gains in its winter segment (Nordica, Tecnica, Blizzard) and Moon Boot offset a decline at Lowa.
EXEC: Reima’s Sales Grew 14 Percent On North American DTC Momentum
The Finnish maker of outerwear, activewear, footwear and accessories for children reported sales in the second quarter reached €11.1 million ($12.8 mm), up 14 percent year over year and led by continued strength in North American direct-to-consumer sales. The adjusted EBITDA loss was reduced slightly due in part to cost savings.
EXEC: China-Based Kailas Fuga Extreme Trail Brand Opens Chamonix Retail Store
Located in the heart of the Alps, a world-renowned center for outdoor sports, the Fuga Store in Chamonix is said to be a milestone for Kailas Fuga, offering a community hub for trail runners.
EXEC: West Marine Vendor Claims Nearly Wiped Out as Retailer Exits Chapter 11
The retailer has emerged from bankruptcy proceedings as part of a restructuring that reduced its debt by more than $265 million. Unsecured creditors, including vendors, are expected to secure minimal recovery for their claims.
EXEC: Tecnica Group Founders to Raise Stake to 69.09 Percent
The Zanatta family, founders of Italian outdoor footwear and ski equipment maker Tecnica Group, has agreed to buy back a 9.09 percent stake in the company from Italmobiliare for approximately €50 million ($58 mm).
EXEC: Accell Group Trustees Set to Launch an International Sale Process
The trustees in the bankruptcy case of the Dutch parent of the Raleigh, Batavus, Sparta, Babboe, Koga, Haibike, Winora, Ghost, Lapierre, Carqon, and XLC bike brands are exploring the sale of individual bike brands or the whole business.
EXEC: Canada’s Roots to Go Private in Marquee Brands Deal
Canadian outdoor and lifestyle brand Roots Corp. has agreed to be taken private by Marquee Brands, the U.S. brand management company that owns Body Glove, Dakine, Stance and Totes/Isotoner in the active and outdoor space. Under the agreement, shareholders will receive C$4.10 (US$2.98) in cash for every common share held for a purchase price of C$160.7 million ($117 million).
EXEC: Pelago Appoints CEO
Finnish bicycle manufacturer Pelago has appointed Mika Sarimo as chief executive officer. Sarimo previously held leadership positions at Nokia and was most recently at HMD Global, overseeing marketing and regional operations across EMEA and other international markets.
EXEC: Dick’s Q2 Results Preview – Investor Focus on Foot Locker Turnaround
Shares of Dick’s Sporting Goods Inc. have been trading near 52-week lows due to investor concerns over Foot Locker’s recovery that were reinforced by JD Sports’ subpar first-half results. However, most analysts remain positive on Dick’s shares and expect the retailer to meet or exceed estimates when it reports Q2 results next Tuesday, August 25.
