EXEC: Amer Sports Files Confidentially to Go Public
Amer Sports, the parent of Salomon, Wilson, Arc’teryx and other sports brands, filed confidentially for a U.S. initial public offering that could value the group as high as $10 billion. The offering would come as Amer Sports’ business has seen accelerated growth, driven by Arc’teryx and Salomon and growth in China.
Lazydays Adds Two Board Members
Lazydays, an RV dealer, announced that Erika Serow gave notice that she is resigning from its Board of Directors for personal reasons, effective September 30. Concurrently, Lazydays appointed Suzanne Tager and Susan Scarola to the Board.
BMZ Acquires Nox Cycles and Hawk Bikes
The BMZ Group, a maker of lithium-ion batteries, acquired e-bike brand Nox Cycles Austria, its its sister companies in Germany and Switzerland, and the Hawk Bikes brand.
West Coast Port Workers Ratify New Contract
Members of the International Longshore and Warehouse Union, which represents dockworkers at U.S. West Coast ports, voted to ratify a new six-year contract with the Pacific Maritime Association.
Vista Outdoor Inc. Files SEC Paperwork to Spin Off the Outdoor Products Group
Vista Outdoor, Inc. publicly filed its Form 10 registration statement on September 5 with the Securities and Exchange Commission in connection with its previously-announced plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly-traded companies.
Craft Sportswear N.A. Appoints National Sales Agency for Footwear
Craft said that Waypoint Outdoor’s “vast network and experienced team, combined with Craft’s current rep force will provide an immediate increase of boots on the ground to support Craft’s expanding footwear dealer base and pinnacle accounts.”
Roark Adds Global Marketing Chief and New Design Director; Appoints Content Chief
Roark hired Mike Wallace as global marketing director, Greg Bravo as men’s design director and promoted Corey Brindley to the newly formed position of director of content creation.
Arc’teryx Seeks To Block Adidas’ Terrex Trademark Registration
Arc’teryx seeks to block Adidas from registering the “Terrex” name in U.S. retail stores. Earlier this year, the company sued Adidas in Canada for opening a Terrex store in Vancouver.
RVIA Forecasting RV Shipments to Increase in Strong Double Digits in 2024
The new forecast projects 2024 RV shipments to range between 363,700 units and 375,700 units with a median of 369,700 units representing a 22 percent to 24 percent increase over the expected 2023 year-end range of 287,200 units to 307,000 units.
REI Co-op Hires VP of Merchandise Planning and Inventory Management
REI Co-op hired Jackie Major as vice president of merchandise planning and inventory management, leading its merchandising team, overseeing planning and inventory management strategy and sales and operations planning.
Intersport International Corp. Appoints First Chief Commercial Officer
Pierre Irelli will assume the lead of the IIC’s Commercial Division. Irelli has been chief product officer at Intersport France since 2019. He first joined Intersport in 2013 as a category manager for Team Business.
SGB Media Releases August 2023 Most Read Articles, Key Metrics
SGB Media published a quick review of the top stories from August 2023 that drove pageviews up 14 percent month-over-month to almost 184,000, while total users grew 10 percent and time spent on the site by each user rose 19 percent for the period.
Active Lifestyle Stocks Move in S&P 500, S&P MidCap 400 Indices
Newell Brands and Foot Locker are moving to the SmallCap 600 from their former positions in the S&P 500 and S&P MidCap 400, respectively, and Vail Resorts, Inc. enters the S&P MidCap 400 index.
Study: American Malls Making a Comeback Post-Pandemic
A study conducted by Coresight Research found that traffic at U.S. shopping malls has recovered and surpassed pre-COVID levels, supported by the “halo effect” created by a brand’s online and offline presence in a mall, brand synergy in malls and omnichannel retail investments.
Brunswick Enters Electric-Foiling Surfboard Market with Acquisition
The acquisition of Fliteboard, which combines advanced hydrofoils and electric propulsion on the water, presents the opportunity for technological, manufacturing, commercial, and consumer synergies with Brunswick’s portfolio.
