Powdr Corp.’s Debt Ratings Upgraded Following Strong Ski Season
S&P Global Ratings raised its debt ratings on Powdr Corp. as skier visitations exceeded S&P’s forecast during the 2021/2022 ski season, resulting in revenue, EBITDA, and adjusted leverage that has outperformed S&P’s previous base case.
Emerald Plans Outdoor Adventure X Show
Emerald Expositions, the parent of the Outdoor Retailer show, will debut The Outdoor Adventure X show next June at the Snowbasin Resort in Huntsville, UT.
KKR Consortium Makes Offer For Accell Unconditional
A consortium led by buyout firm KKR has offered to buy Accell Group unconditionally. The offer values the parent of Sparta, Batavus and Raleigh at €1.56 billion ($1.66 bn).
Full Stack Supply Acquires Snowboard Brand United Shapes
Full Stack Supply Co. (FSSC) announced the acquisition of the United Shapes brand from Chiller USA Outfitters.
REI Domestic Trip Offerings Experience Robust Growth
REI Co-op announced that its adventure trips have expanded to include domestic multiday excursions, guided day tours, rentals, and adventure center locations, and its experience offerings grew more than 60 percent in the last 12 months.
AGM Hires Director Of Marketing
AGM Global Vision, a manufacturer of advanced thermal imaging and night vision systems for hunting, announced it hired Randy Carothers as its marketing director.
Columbia Sportswear Appoints SVP, Omni Planning And Fulfillment
Columbia Sportswear Company announced the appointment of Francois Guillon as senior vice president, omni planning and fulfillment.
Deckers Brands Appoints Chief Supply Chain Officer, COO To Exit
Deckers Brands announced the promotion of Angela Ogbechie to the newly created chief supply chain officer role. Ogbechie’s promotion follows David Lafitte’s decision to step down as chief operating officer to accept another opportunity.
Aqualung Group Appoints Chairman
Aqualung Group, the manufacturer of dive and water sports gear, said Bruno Cercley will take over as chairman of its supervisory board, effective July 1. Cercley guided the turnaround of Rossignol as its CEO from 2008 until his retirement in 2021.
Vail Resorts Reports Healthy Pass Product Sales For Upcoming North American Ski Season
Vail Resorts, Inc. significantly outperformed results from the prior year in its third quarter ended April 30 primarily due to the greater impact of COVID-19 in the year-ago quarter. Pass product sales through May 31, 2022 for the upcoming 2022/2023 North American ski season increased approximately 9 percent in units and approximately 11 percent in sales dollars.
Public Lands To Open Four More Locations
Public Lands, Dick’s Sporting Goods’ outdoor-themed concept, plans to open four stores in Framingham, MA; Huntington, NY; Kennesaw, GA; and Medford, OR.
Decathlon Expands U.S. Distribution Channels To Third-Party Retailers
Decathlon announced plans to expand distribution to outdoor, sporting goods and retail stores across the United States. The announcement comes as it attends the Outdoor Retailer trade show in Denver, CO for the first time this week.
Mystery Ranch Hires Sustainability Program Manager
Mystery Ranch, the manufacturer of packs for the outdoor enthusiast, announced it recently hired Greg Breitmaier as its sustainability program manager.
SeaNSoul Opens Surf Shop In West Malibu
SeaNSoul, an online resale marketplace for outdoor gear and apparel, opened its first brick-and-mortar location in West Malibu, CA.
Quiksilver Appoints VP, Global Marketing
Quiksilver has named Bobby Gascon as VP, global marketing. He joins the company following 13 years at Vans where, most recently, he was senior director of global marketing, Action Sports
