Report: Birkenstock Looks to Price IPO at Top of Range
Birkenstock Holding gained enough investor demand to price its initial public offering at the high end of its indicated price range and reach a valuation of $10 billion.
Accell Group Appoints New CEO and New Chair of Supervisory Board
The company appointed Tjeerd Jegen as CEO and chair of the Management Board, effective November 1, and has also appointed former Adidas CEO Kasper Rørsted as chair of the Supervisory Board, effective October 1.
Blackcrows Opens New Storefront in Paris
French ski brand Blackcrows opened a new store and community gathering spot in Paris, France, on October 7, at 14 rue du Four.
Black Diamond Adds New Leadership to Specialty Sales and Key Accounts
Desiree Lindemann joins as director of key accounts and Roger Strong, returns to BD as director of specialty sales. Both report to Heath Christensen, VP of North American sales at Black Diamond Equipment, who rejoined the company earlier this year.
Report: September Mall Traffic Was Tough but Promotions Drove Some Big Gains
Placer.ai reported that the year-over-year visit gap to indoor malls and open-air shopping centers widened, following the negative foot traffic trends in the wider retail sector. The company said outlet malls continued to lag behind the other formats in year-over-year visits.
Mammut Hires U.S. Sales Director and Adds Four New Rep Groups
The company hired Vanessa Block as sales director and added Alpin Sales, Inc., Palisades Trading, Three Saints Outdoors, and The Lupine Group as sales representation in the Rockies, West Coast, Midwest and Southeast, respectively.
Arrive Recommerce Appoints VP of Sales
Mariana DiMartino comes to the technology company powering Returns to Recommerce with more than two decades of retail and technology experience leadinglgrowth and strategy teams.
NRF Economist Says U.S. Economy Still Shows Resilience
The U.S. economy continues to grow despite U.S. labor disputes and the uncertainty created by Congress, adding to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said.
Adobe Sees Online Holiday Sales Climbing 4.8 Percent With Record Discounts
U.S. online holiday sales from November to December 2023 will rise 4.8 percent year-over-year (YoY) to $221.8 billion, marked by retailers offering deep discounts and increased online shopping spend, according to Adobe’s forecast.
Black Diamond Parent Retains Advisor to Assess Ammo Biz Acquisition Offers
The move comes in response to the previously disclosed non-binding indication of interest received from Warren B. Kanders, the company’s executive chairman, to acquire the company’s Precision Sport segment.
Kent Outdoors to Move Headquarters to Park City
Seawall Capital, the private equity owner of Kent Outdoors, reported that Kent Outdoors will relocate its headquarters to Park City, UT, from New London, OH, supported by tax credits provided by the state of Utah.
Timberland Names Chief Marketing Officer
Timberland announced Maisie Willoughby as the brand’s new Vice President and Chief Marketing Officer (CMO). Most recently, she spent five years at Alexander Wang.
Vittoria Opens a New Cotton Bike Tire Factory in Bangkok
This €20 million investment expands Vittoria Tyres Thailand (VTT) factory premises from 36,000 square meters to 51,000 square meters in the Bangpoo industrial district, near VTT’s headquarters.
Vista’s Outdoor Products Spin-Off Will Debut as Revelyst, Inc.
The company will trade on the New York Stock Exchange under the ticker symbol “GEAR” once the separation from the Sporting Products segment is complete.
Elegant Team Development Acquired by Lever Style
Elegant Team Development, a Hong Kong-based supply chain solutions provider with expertise in outdoor and activewear, was acquired by Lever Style, the apparel production platform also headquartered in Hong Kong.
