NFW Closes $85 Million In Series B Funding Round
Natural Fiber Welding, Inc. (NFW) announced it has closed an $85 million funding round to scale production of its all-natural, circular materials products coming to market with a wide array of global brand partners. Evolution VC Partners led the round.
Clarus Corporation Announces Upsized $425 Million Credit Agreement
Clarus Corp. announced that it has amended and upsized its existing senior secured credit facility jointly led by JPMorgan Chase Bank, N.A. and Bank of America, N.A.
Boardriders Announces Retirement Of Shannan North
Boardriders, Inc. announced that Shannan North, president of commercial strategy and growth and chief brand officer, plans to retire.
Industrial Revolution Bolsters Leadership Team
Industrial Revolution announced it hired Jeffrey King and Chris Teeuwen. King as vice president of finance, will lead planning processes and accounting operations. Teeuwen, as vice president of operations, will streamline the companay’s business processes.
NRF Calls For Visa And Mastercard To Cancel Swipe Fee Increases
The National Retail Federation urged Visa and Mastercard to cancel credit card swipe fee increases scheduled to take effect this month, citing a letter from both Republican and Democratic members of Congress saying higher fees would add to inflation.
Pure Fishing Expands Loan Commitments To Support Svendsen Acquisition
Pure Fishing upsized its ABL revolver commitment to $250 million, issued an incremental $100 million first-lien term loan and a $25 million second-lien term loan, and used the proceeds to purchase Svendsen Sport A/S, a European provider of fishing equipment and consumables.
Gregory Appoints General Manager
Gregory promoted John Sears to general manager overseeing global brand strategy and growth.
Smith Promotes Phares To Global General Manager
Smith, an owned subsidiary and core brand of the Safilo Group, promoted Mark Phares as global general manager of the eyewear and helmet brand.
RECALL: SI Tech Diving Inflation Valves
About 1,670 Shell Diving Inflation Valves with Int’l Nipples manufactured by SI Tech, of Sweden, are being recalled. Ocean Equipment, of Canada, was the distributor.
ABG Hires Entertainment Exec To Support International Growth
Authentic Brands Group (ABG), announced that sports and broadcast industry leader Kiyoshi Nakamura has joined its efforts in developing new business in the Asia-Pacific and European regions.
REI Increases Investment In Run Category
REI is piloting new store layouts and deepening staff training to support its running departments as part of a bigger investment in the running category.
March Retail Sales Grew Despite Higher Inflation
Retail sales grew in March even as inflation edged higher, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in March were up 0.5 percent seasonally adjusted from February and up 6.9 percent year over year.
Hammerhead Promotes Vice President Of Product
Hammerhead, the Karoo 2 cycling computer maker, promoted Jessica Braun to vice president of product. In her new role, she will lead its software and hardware teams.
Bollé Brands Appoints VP Finance And Operations North America
Bollé Brands has hired Peter Moore as senior VP of finance and operations for North America. In his new role, Moore will support the ongoing expansion of Bollé Brands across the Americas.
Amazon To Surcharge U.S. Merchants For Fulfillment Services
Amazon sellers in the United States who use the company’s packaging and delivery fulfillment service will see a 5 percent surcharge on shipping due to rising fuel prices and growing inflation.
