Jetson Electric Bikes Recalled
About 53,000 electric bikes manufactured by Jetson Electric Bikes are under recall as the batteries can overheat, posing a fire hazard. The U.S. Consumer Product Safety Commission reported that two sisters, ages 10 and 15, were killed in a fire, and the company’s 42-volt Jetson Rogue started the blaze.
Authentic Brands Group Makes Binding Offer To Acquire Boardriders
Authentic Brands Group reported it entered a period of exclusivity and made a binding offer to purchase Boardriders, the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper, and Honolua. Boardrider is owned and managed by Oaktree Capital Management, L.P. Terms were not disclosed.
Benchmade Knife Company Prevails In Patent Infringement Lawsuit
Benchmade Knife Company reported securing a permanent injunction against Hogue, Inc. and Hogue Tool and Machine, Inc., prohibiting them from infringing one of Benchmade’s patents.
Ontario Knife Co. Parent Looks For Options For USA Heritage Brand
The Servotronics, Inc. Board of Directors authorized the review of strategic alternatives for the Consumer Products Group (CPG) with the goal of enhancing shareholder value.
Yamaha Marine Group Names Director Of Marine External Affairs
Yamaha Marine Group named Martin Peters, director of marine external affairs, responsible for marine sustainability, regulatory matters, government relations, and communications.
Gabriel Brothers Opens Largest Company DC In Ohio
Gabriel Brothers, Inc. announced the grand opening of its largest distribution center in Springfield, OH, with over 870,000 square feet.
Stifel Expands U.S. Ski & Snowboard Deal To Include Team Naming Rights
U.S. Ski & Snowboard expanded its partnership with Stifel Financial Corp. to become the official team naming partner of all ski teams under the U.S. Ski & Snowboard brand.
Wolverine Rolling Sweaty Betty Into International Group; CEO to Depart
Wolverine World Wide, Inc. reported it intends to improve operating performance, fuel global growth and enable future investments into Sweaty Betty, the women’s activewear brand it acquired in August 2021.
USA Cycling Names New National Team Coaches and Directors
USA Cycling added three members to the Sports Performance staff. Craig Griffin is the new senior director of Track, Tanner Putt is the director of Road and German Medina is the BMX Racing National Team coach.
NRF Forecasts Mid-Single-Digit Retail Sales Growth In 2023
The National Retail Federation issued its annual forecast today, anticipating that retail sales will grow between 4 percent and 6 percent in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion in 2023.
RecNation Acquires First RV Storage Facility in Nashville Market
RecNation Storage has acquired its first premier recreational storage facility in Nashville, TN. The company said it is the first institutional grade specialized storage company created to serve the growing need for recreational vehicle storage
Helinox Opens Second Creative Center In Busan, South Korea
Helinox, the manufacturer of lightweight, portable furniture for outdoor use, recently opened its second multi-story Helinox Creative Center Busan (HCC Busan). Busan is the second largest city in South Korea know for urban design and outdoor escapes.
Dick’s SG To Open Store In Minnesota’s Rosedale Center
Dick’s Sporting Goods is opening an 80,000-square-foot store at Minnesota’s Rosedale Center. Poag Development Group, overseeing the construction of the store, formerly occupied by a Herberger, reported the news in a press release.
RV Industry Association Sees February RV Shipments Down Nearly 54 Percent
The RV Industry Association reported that a February 2023 survey of manufacturers determined total RV shipments ended the month with 24,903 units, a decrease of (-53.7 percent) compared to the record 53,773 units shipped in February 2022.
Canada’s Mountain Sports Distribution Acquired By PE Fund
Mountain Sports Distribution, Inc. (MSD), a distributor in the powersports industry headquartered in Golden, British Columbia, was acquired by KV Capital.
