Birkenstock Announces Pricing of Secondary Offering
Birkenstock Holding plc announced the pricing of an underwritten secondary public offering of 14 million of its ordinary shares by L Catterton, its majority shareholder, at a price to the public of $54.00 per share.
Report: Shein Filed for London Listing in Early June After U.S. Snub
The filing, which would initiate the process for a listing on the London Stock Exchange, comes after the company explored a listing on the Exchange early this year after lawmakers opposed a U.S. listing, Reuters reported in May, citing sources.
EXEC: Wall Street Debates Shareholder Approval for Vista Outdoor’s CSG Deal
Wall Street analysts appear split on whether Vista Outdoor’s sale of its Kinetic ammunition business to Czechoslovak Group a.s. will now go through after receiving long-awaited regulatory approval or whether a higher bid from MNC Capital for the entire business and a potential DOJ investigation could derail the deal.
REI Adds Two Board Members
Patricia Lopez, a former executive in the beauty industry, and Doug Mack, former CEO of Fanatics, were elected to the company’s board of directors in May.
WHO Report: Global Levels of Physical Inactivity Among Adults Continues to Rise
In the World Health Organization’s recently published study, physical inactivity is a silent threat to global health, contributing significantly to the burden of chronic diseases, with physical inactivity still more common among women globally than men.
Vista Outdoor Again Postpones Shareholder Vote on CSG Transaction
Vista Outdoor, Inc. announced Thursday morning that it will adjourn the special meeting of stockholders that had been scheduled for July 2 to July 23 to vote on the sale of its ammunition business, The Kinetic Group, to Prague-based Czechoslovak Group a.s. (CSG) to explore an upgraded bid for the higher company by MNC Capital.
Omni Retail Enterprises Names CEO
Former Vitamin Shoppe CEO and Pier 1 Imports exec, Sharon M. Leite, will lead the revitalization of Omni’s retail, educational and health & wellness brands.
EXEC: Adidas Bribery Investigation Claims First Two China Employees
Adidas reported on June 26 that two Chinese employees had left the company as the German sportswear giant investigates bribery allegations in China.
Mammut Sports Group Appoints Country Manager for Austria
Manuel Kronberger as the new country manager for Austria, leading the strategic and operational efforts for the market. Joining him are Hermann Eder and Christian Holzer to manage sales from the company’s new showroom in Salzburg.
Report: RV Shipments for May Show Moderate Increase Over 2023
Towable RVs, led by conventional travel trailers, ended the month up 13.5 percent from last May with 30,177 shipments. Motorhomes finished the month down 31.2 percent, compared to the same month last year with 2,973 units.
Kent Outdoors Appoints New CEO
Randy Hales, the company’s new CEO, most recently was the CEO of Next Level Apparel. Hales replaces Ken Meidell.
EXEC: Vista Outdoor Secures U.S. Government Approval for Ammo Business Sale to CSG
Vista Outdoor, Inc. reported late afternoon on June 25 that it had received regulatory approval from an interagency committee of the U.S. government for the proposed sale of its ammunition business, The Kinetic Group, to Prague-based Czechoslovak Group a.s. (CSG).
Nordstrom, Inc. Plans to Open Another New Rack Store in Houston Next Spring
The 30,000-square-foot store will open in the Westchase Shopping Center, which includes Whole Foods and Target. Today, Nordstrom operates eight Nordstrom stores and 21 Nordstrom Rack stores in Texas.
L.L.Bean to Expand Store Count in 2024 Underscoring Omnichannel Growth Strategy
L.L.Bean reported it will open four new retail stores in 2024, including its first store in Indiana. The other locations include Ulster, NY; Mechanicsburg, PA; Enfield, CT; and Indianapolis, IN.
7Mesh Secures New Representation for Benelux Region and Ontario, Canada
Summit Outdoor & Sports will represent the brand in the Benelux region (Belgium, the Netherlands, and Luxembourg), and AKA Sports Group will cover the Ontario territory.
