KV Capital Merges Two Powersports Brands Via Acquisition
The company anticipates merging the UTV Canada business with Mountain Sports Distribution, the full-service powersports distributor that joined the KV Capital Fund II portfolio in 2023. Financial terms were not disclosed.
Thor Industries Appoints Chief Human Resources Officer
Michele McDermott joins the company as chief human resources officer, reporting to Thor President and CEO Bob Martin.
Academy Sports and Outdoors Appoints Chief Supply Chain Officer
Rob Howell will join the company as SVP and chief supply chain officer in February 2024, reporting to President Sam Johnson. He will oversee supply chain operations, distribution centers, and domestic and international logistics.
Werner Riethmann Departs Active Management of Lowa
After more than 30 years, Werner Riethmann left active management of Lowa Sportschuh GmbH at the end of December 2023. He will remain with the Bavarian hiking and mountain boot specialist as a shareholder with a 20 percent share and in an advisory capacity.
Duluth Trading Appoints New CFO
Heena Agrawal will assume the role of SVP and CFO, effective February 12, 2024.
Zamberlan Bolsters Sales Team for Southeast and South Central U.S.
“We’re thrilled to have Odle represent us in a new territory and to new customers,” —Bob Whip, General Manager, Zamberlan USA.
EXPLORE Act Passes Out of Committee, Heads to House Vote
ORR and its members celebrated the milestone and is urging swift passage of the EXPLORE Act through the full House and Senate, for the benefit of public lands, waters, and the communities that thrive because of them.
Nordica Celebrates Ten Years of Enforcer and Santa Ana With 2025 Collection
“We knew how we wanted the new skis to ski and what we wanted to improve, which resulted in new designs, constructions, waist widths, sizes, and rocker profiles.” —Ethan Korpi, Nordica’s North American product marketing director.
EXEC: January Consumer Confidence Index Highest Since July 2021
The University of Michigan’s preliminary results reported on the overall index of consumer sentiment came in at 78.8 for January, the highest reading since July 2021, compared to 69.7 in December and 64.9 in January 2023.
L.L.Bean Set to Open Eighth New York Store in Spring
The retailer’s first new store of 2024 will open in Kingston, NY, in March/April.
Vaude Appoints New Chief Financial Officer
With new CFO Melissa Wach and CEO Antje von Dewitz, the management team is now 50 percent female. Women hold prominent positions across the board in leadership roles at Vaude, constituting approximately 45 percent of executive positions.
Christy Sports Expands Footprint in Colorado Mountain Resort Areas
Some of the locations were vacated as part of Vail Resorts’ exit from Aspen and Telluride. Christy Sports made the decision to invest in serving those markets by bringing or expanding its services to the two communities.
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.
