BRP, Inc. Amends, Extends Term Loan Facility
The parent of the Ski-Doo, Sea-Doo and Lynx power sports brands successfully amended and extended a substantial portion of its term loan facility, effectively extending U.S. $1,000 million of debt maturities from 2027 to 2031.
Weber Cooks Up Global AR Facility with KKR
The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million across European markets expected in the first half of 2024.
Revelyst Appoints Chief HR Officer
The Outdoor Products division of Vista Outdoor, Inc. hired Joyce Butler as chief human relations officer.
Amer Sports Looks to Raise Over $1.6 Billion in IPO
Amer Sports, Inc., the parent of the Arc’teryx, Armada, Atomic, DeMarini, EvoShield, Louisville Slugger, Salomon, Wilson, and other sports and outdoor brands, launched an initial public offering of 100,000,000 ordinary shares.
Macy’s Rejects $5.8 Billion Buyout Offer, Citing Financing Concerns
The retailer’s Board of Directors determined that the unsolicited and non-binding proposal from Arkhouse Management Co. LP and Brigade Capital Management, LP does not constitute a basis to enter into a non-disclosure agreement.
Sportsman’s Warehouse Appoints Chief Retail Officer
Craig McNair brings strong leadership experience in the outdoor specialty retail space, having worked in key roles at Academy Sports + Outdoors and Cabela’s, Inc., where he was responsible for large regions of stores.
RV Industry Association Promotes Atkins to VP Finance
Since 2019, Wayne Atkins has directed the day-to-day operations of the Association’s Finance team and managed the financial operation of the business entities across the RVIA, Go RVing, and the RV Technical Institute.
Vail Resorts Adjusts Guidance After Rough Start to Season
Season-to-date total skier visits were down 16.2 percent through January 7, compared to the prior-year STD period through January 8, 2023. Season-to-date total lift ticket revenue, including an allocated portion of season pass revenue for each applicable period, was up 2.6 percent.
BRP Inc. Merges Powersports and Marine Segments, Appoints New Leadership
The parent of the Ski-Doo, Sea-Doo and Lynx power sports brands has combined its Powersports and Marine organizational structures aiming at maximizing efficiencies and operational excellence, and appointed current execs to new leadership roles.
JD Sports Fashion Completes Acquisition of Polish Partner
In the financial year to January 2023, Poland-based Marketing Investment Group generated approximately £270 million in revenue. As of December 30, 2023, MIG operated 403 stores across 13 countries, including 23 JD stores.
Revo x Bode Miller Goggle Collection Enhanced with Eyeglass Prescription Insert
“The launch of Goggle Rx is a testament to our dedication to building the next generation of goggle technology that complements our customers’ active lifestyles.” — Cliff Robinson, CEO, Revo
Target Shuffles the Executive Deck in Legal, Operations and Merchandising
Michael Fiddelke has been named chief operating officer, effective February 4 and Rick Gomez and Jill Sando will split categories on the merchant side. Additionally, Target announced the upcoming retirement of chief legal and compliance officer Don Liu.
Birkenstock Posts Strong FY 2023 But Shares Down in Pre-Market
Birkenstock said it anticipates sustaining its profitable growth trajectory across its products and regions in fiscal year 2024, but it expects sales growth to moderate slightly from the trend in fiscal 2023.
Jam Collective Adds Three to PR Team
Heather Villanueva is the new PR director, Logan Waddell joins the company as a PR account manager and Cassidy Oonk as the agency’s executive operations manager.
Megabass of America Promotes Buttermore to VP Sales & Marketing
The North American arm of Japan’s builder of fishing tackle promoted Ryan Buttermore to VP of sales and marketing, effective January 2024.
