SGB Executive Outdoor

EXEC: Sports Direct Owner Frasers Group Acquires Control of Italy’s Maxi Sport
Current Maxi Sport owners, Emanuele Sala, Giovanni Sala, Ester Sala, and Giulia Sala, will continue to hold a stake in the business and remain on the company’s leadership team.

EXEC: Tern Bicycles Moves to New Taipei City Headquarters
The Taiwanese maker of e-bikes, cargo bikes and folding bikes, has relocated its corporate headquarters to New Taipei City, Taiwan, bringing the company’s teams, previously spread across multiple buildings, floors, and offices, into one shared workspace.

EXEC: Fenix Outdoor Rides Devold Brand Integration, Canada Growth to Q4 Sales Increase
The parent of the Royal Robbins, Devold, Hanwag, and Fjällräven brands reported Q4 revenue increased 6.3 percent to €188.8 million, driven primarily by the Devold acquisition last year. Operating profit came in at €3.0 million in Q4, compared to €2.6 million in Q4 2024.

EXEC: Head Group Acquires Le Col Cycling Apparel Brand
The Austria-based Head Group acquired the British cycling apparel brand Le Col from Puma Growth Partners. The Group currently owns and operates Head, Tyrolia, Mares, Aqualung, Zoggs, SSI, and Revo.

EXEC: Canada Goose Shares Take Hit on Weaker Fiscal Q3 Margins, Profit Shortfall
The company reported that revenues grew 14 percent in the fiscal third quarter ended December 28, led by strong performances in the U.S. and China, marking four consecutive quarters of positive direct-to-consumer (DTC) comparable sales growth. Earnings, on an adjusted basis, were down slightly due to higher operating costs.

EXEC: Big Rock Sports To Liquidate, Unsecured Debt Totals $83M
Big Rock Sports, the Graham, NC-based distributor of fishing, hunting and outdoor sporting goods, has filed for Chapter 7 bankruptcy liquidation, listing just over $100 million in liabilities. Unsecured claims totaling about $83 million and including many vendors in litigation with Big Rock are not expected to be paid.

EXEC: Columbia Sportswear Shares Jump as CEO Sees Green Shoots Developing
One analyst on the company’s conference call noted that Columbia’s “FY26 outlook points to sequentially strengthening fundamentals, with topline growth poised to inflect on improving U.S. selling conditions, high-single-digit price increases embedded in the order book, and contributions across all brands.”

EXEC: Accell Group’s Sales Seen Sliding 15 Percent in 2025
In a debt ratings update, Fitch Ratings said it expects Accell Group’s revenue to decline about 15 percent in 2025 and a further 9 percent in 2026 on lower volumes, partially offset by higher pricing from reduced discounting and an improved product mix. Fitch expects mid-single-digit revenue growth in 2027/28, primarily on sales volume recovery.

EXEC: Giant Group Extends Labor Reform Program to Secure CBP Work Release Order
The Taiwan-based bike manufacturer implemented a program to waive recruitment fees for eligible former migrant workers. The expanded coverage applies to migrant workers who left employment after September 24, 2023.

EXEC: Rip Curl and Oboz Parent Sees Solid Growth for Five-Month Fiscal YTD Period
The Group said that sales trends continued to be positive in the YTD period, growing 7.9 percent year-over-year and remaining consistent with the first-quarter trading update. The total sales result was said to be driven by growth in the direct-to-consumer (DTC) channel.

EXEC: Rapala VMC Inks Down Under Distribution Deal with Okuma Fishing Tackle
Finland-based Rapala VMC will add the Taiwan-based Okuma fishing product range into the Rapala Australia product portfolio commencing on February 1, 2026.

EXEC: Safilo Group Ekes Out Q4 Sales Increase as Smith Sports Returns to Retail Growth
The Padua, Italy-based parent of Smith Optics and Blenders, and licensee of a range of fashion brands, reported that a preliminary review of 2025 performance revealed sales of €983.4 million for the full year, up 1.8 percent at constant exchange rates, with positive performances in both North America and Europe.

EXEC: Ugg Brand Growth Continues to Moderate as Parent Sees Flat Q4 Ahead
Ugg revenue for Q4 is assumed to be roughly flat with last year, as some orders previously planned for Q4 shipped earlier in Q3, with both quarters contributing to the brand’s MSD outlook for the year. Hoka, in the meantime, is forecast to grow in the mid-teens.

EXEC: Deckers to Repurchase $1B in Shares as Hoka and Ugg Post “Exceptional” Q3
The parent of the Hoka, Ugg, and Teva brands reported that net sales for the third fiscal quarter ended December 31, 2025, increased 7.1 percent to $1.96 billion, compared with $1.83 billion in the prior-year fiscal Q3. Net sales increased 6.8 percent on a constant-currency basis.

EXEC: VF Corp. Shares Tumble as Weak Fiscal Q1 Guidance Overshadows Q4 Earnings Beat
The company continue to have issues with the Vans brand even as TNF, Altra and TImberland appear to be sailing above the fray. VF’s Chief Commercial Officer (CCO) Martino Scabbia Guerrini appears to be a casualty of the continued turmoil, as he is replaced by Brent Hyder adding the CCO duties to his role as president for The Americas.









