SGB Outdoor

Duluth Holdings Undergoes Layoffs

As part of its expense savings initiatives to rightsize the business, the retailer reduced its workforce by 51 employees, or 3 percent of its total workforce, on June 4.

Orvis to Close Chicago Store

The storefront, located on the Magnificent Mile, will close on July 24, after two decades, “due to the changing retail landscape on the Magnificent Mile.”

Industry Nine Acquires We Are One Composites

Industry Nine, based in Asheville, NC, is known for its hub and wheel systems while We Are One, based in Kamloops, BC, is known for its hand-laid carbon rims. By bringing the companies together, they are better positioned to “engineer exceptional products and push the boundaries of what’s possible for the cycling community.”

Warbird Marine Holdings Names New CEO

The parent of Invincible Boats and Yellowfin Yachts appointed Thomas Wieners, COO, as CEO. John Dorton, current CEO who formed Warbird Marine Holdings in partnership with EagleTree Capital in 2019, transitioned to the role of executive chairman.

Woolrich Appoints New CEO

Lorenzo Flamini’s appointment comes as the Baoxiniao sale marks a new company strategy focused on consolidating its presence in Europe and accelerating growth in the Asia-Pacific region, which currently accounts for around 5 percent of its global business.

Twin Vee PowerCats Acquires Bahama Boat Works

Twin Vee said it plans to elevate the Bahama Boat Works product by “seamlessly integrating” Twin Vee’s innovation and engineering expertise. The key to this transition is the continued involvement of Bahama’s master boat builder, Scott Henley, who is “one of the most prolific and respected figures in the marine industry.”