SGB Outdoor

SGB Update

5.11, BOA and Primaloft Parent CODI’s Debt Ratings Downgraded

Moody’s said the downgrade reflects CODI’s “elevated financial leverage based on the restated financials, the uncertainty around the company’s ability to reduce leverage and generate sustained and comfortably positive free cash flow over the next 12 months.

Stio Makes New Hires Across Product, E-Commerce and Planning

The Jackson Hole, WY-based mountain lifestyle brand announced several new hires across product, e-commerce and planning, including Siobhan Phillips, formerly at Sport Obermeyer and Fjällräven, as senior product line manager, apparel.

Kokatat Acquired by The Wing Group

The Wing Group, owner of marine and outdoor brands including Wing Inflatables, Mustang Survival, FabTek, Henshaw, and Patten, acquired Kokatat, the manufacturer of paddle sports apparel and equipment headquartered in Arcata, California.

Salomon Appoints First Creative Director

Salomon has appointed Finnish designer Heikki Salonen as the company’s first creative director. With a career spanning 30 years, Salonen was previously head designer at Diesel before serving as creative director at MM6 Maison Margiela for 12 years.

SGB Executive

EXEC: REI’s CEO Discusses “Unique Challenges” Facing the Co-Op

At a session at the NRF Big Show in New York City, Mary Beth Laughton, president of REI, talked about the retailer’s many “unique assets,” citing its co-op structure, outdoor mission and “green vests” in-store associates, but also the “unique challenges” that are behind its “Peak 28: Ascending Together” three-year transformation.