SGB Executive Outdoor
EXEC: New Report Sees E-Commerce Growth Rate Contracting 70 Percent by 2029
According to data presented by Stocklytics.com, the annual growth rate in the e-commerce sector is now expected to slow to just 4.6 percent by 2029, or 69.3 percent lower than the forecasted 2024 growth rate.
EXEC: Vista Outdoor Rejects MNC Final Offer as CSG Ups Ammo Segment Offer to $2.1B
Vista Outdoor Board unanimously recommended the CSG offer to acquire Vista’s Kinetics Group ammo segment, and it unanimously rejected MNC Capital’s final indication as inadequate and opportunistic, particularly in its undervaluation of the Revelyst outdoor products segment.
EXEC: TSG International Inks French Distributor
SDG, based in Soorts-Hossegor, France, is a distributor of bikes, skates scooters and surf gear, representing action sports brands from Paris Trucks to Gibbon Slacklines.
EXEC: Bob’s Stores Commences Going Out of Business Sales
The company said that despite making swift and aggressive changes to its structure and operations, Bob’s Stores was unable to secure the finances needed to maintain operations.
EXEC: Delta Apparel Files for Chapter 11 BK Protection; Names Salt Life Stalking-Horse Bidder
The parent of the Soffe, Salt Life and Delta brands has posted losses for seven straight quarters as elevated inventory levels at the mass channel and related destocking efforts have impacted its Delta Direct vertical blank tee platform.
EXEC: Assessing the Financial Impact of the OIA and Outdoor Retailer Break Up
The separation, or divorce, was always expected to be a tough move for OIA to absorb, as the loss of royalties from the OR show would cut millions from the trade association’s budget each year. But a funny thing happened on the way to this eventual agreement, OIA shifted its reliance on trade show royalties.
EXEC: Wall Street Debates Shareholder Approval for Vista Outdoor’s CSG Deal
Wall Street analysts appear split on whether Vista Outdoor’s sale of its Kinetic ammunition business to Czechoslovak Group a.s. will now go through after receiving long-awaited regulatory approval or whether a higher bid from MNC Capital for the entire business and a potential DOJ investigation could derail the deal.
EXEC: Adidas Bribery Investigation Claims First Two China Employees
Adidas reported on June 26 that two Chinese employees had left the company as the German sportswear giant investigates bribery allegations in China.
EXEC: Vista Outdoor Secures U.S. Government Approval for Ammo Business Sale to CSG
Vista Outdoor, Inc. reported late afternoon on June 25 that it had received regulatory approval from an interagency committee of the U.S. government for the proposed sale of its ammunition business, The Kinetic Group, to Prague-based Czechoslovak Group a.s. (CSG).
CSG Again Increases Purchase Price for Vista Outdoor’s Ammo Business
Vista Outdoor, Inc. announced that Czechoslovak Group (CSG) had increased its bid for The Kinetic Group, Vista Outdoor’s ammunition business, by $40 million from $1.96 billion to $2 billion. The higher offer comes as Institutional Shareholder Services (ISS) last week called on Vista Outdoor shareholders to abstain from voting to approve the sale.
EXEC: Rip Curl, Oboz Parent KMD Brands Sees Weaker-Than-Expected End to Fiscal Year
The parent company to the Rip Curl, Oboz and Kathmandu brands reported a slower-than-expected start to the winter promotional season for Kathmandu and noted that Rip Curl and Oboz wholesale customers continue to reduce their inventory holdings.
EXEC: Vista Sees Proxy Advisor Change View on Ammo Group Sale; Suggests MNC Re-Look
Institutional Shareholder Services is now calling on Vista Outdoor shareholders to abstain from voting on Vista’s $1.96 billion sale of its Kinetic Group ammunition business unit to Czechoslovakia Group after recommending shareholders approve the sale only three weeks ago.
EXEC: EMS/Bob’s Parent to Shutter Distribution Center in Bankruptcy Proceedings
In a bankruptcy court affidavit, David Barton, CEO of Mountain Sports LLC, the parent of Eastern Mountain Sports (EMS) and Bob’s Stores, said the company plans to close its primary distribution center and fulfill orders from stores as an initial step its reorganization.
EXEC: EMS/Bob’s Parent Files for Chapter 11 Bankruptcy
Mountain Sports, the parent of Eastern Mountain Sports and Bob’s Stores, filed a voluntary petition for Chapter 11 protection in Wilmington, DE, U.S. Bankruptcy Court…
EXEC: Giant Group Sees May Sales Decline Accelerate
The Taiwan-based bicycle manufacturer reported a 7.1 percent year-over-year decline for the month to NT$7.2 million.
