American Outdoor Brands Postponing Annual Meeting, Filing Revised Proxy Statement
The revised proxy statement will include a binding proposal to approve amendments to its certificate of incorporation, eliminating the requirement for supermajority voting for amendments to its certificate of incorporation and bylaws.
Yamaha U.S. Marine BU Appoints Product Management Division Lead
Miguel Avello leads the company’s Product Management Division, providing strategic direction and oversight of the marine product planning functions. He reports directly to Andrea Tetto, director, marine planning, Yamaha U.S. Marine Business Unit.
RIA Eyewear Signs Kim Clijsters as Brand Ambassador
The addition of Clijsters to RIA’s ambassador team comes as the company continues to grow its product portfolio in response to the success of its proprietary Court HD+ lens technology.
Canada Goose Signs Licensing Agreement with Marchon Eyewear
Canada Goose’s first eyewear collection will incorporate the brand’s signature design elements and performance features. Marchon will manufacture the pieces using sustainable materials, an essential commitment both companies made when inking the deal.
CamelBak Inks Licensing Deal for CamelBak Pro Work and Industrial Gear
Vista Outdoor Inc.’s Revelyst Adventure Sports product segment has inked a licensing deal with 5 Horizons, an accessories company for the work, outdoor and sporting goods markets, to launch CamelBak Pro’s line of hydration products to to enhance worker performance and safety through hydration.
EXEC: The 2024 Holiday Retail Calendar Adds Twists, Turns and Speed, According to BCG
In 2023, consumers completed over 50 percent of their Holiday shopping before Thanksgiving. However, the peak Holiday period (after Cyber Monday through Christmas Eve) was still the busiest, with 36 percent of shopping. This year that period will only have 27 days.
SylvanSport Expanding Global HQ in the Blue Ridge Mountains
The global headquarters of SylvanSport in Brevard, NC, will reportedly grow by 40,000 square feet, led by the Transylvania Economic Alliance.
Lancer Systems Promotes Bill Lutton to Company President
Lutton has been with Lancer Systems for nearly six years, most recently as engineering manager. Prior to Lancer, Lutton served as VP engineering for O.F. Mossberg & Sons for nearly 13 years.
Anechoic Taps Schooler Outdoor Marketing as New Indie Sales Group
Schooler Outdoor Marketing officially launched in January 2023 when two long-standing manufacturer rep agencies—Outdoor Marketing Group and Schooler Associates—merged. The agency manages territories outside the 13 Western states.”
Far Bank Names Industry Vet as Director of North American Sales
Tom Larimer brings to Far Bank vast experience gained from a 30-year career in the fly fishing industry. His recent roles leading national sales teams and brand management operations include decades of guiding and retail experience and a background in product design and casting instruction.
EXEC: Colt CZ Gets H1 Revenue Boost from Sellier & Bellot Deal as Profits Shrink on Costs
Revenues for the first half (H1) increased 41.2 percent year-over-year (y/y) to CZK 9.69 billion, said to be mainly driven by sales growth in the second quarter of 2024 and the consolidation of the newly acquired Sellier & Bellot company as of May 16, 2024.
EXEC: Vista Outdoor Board Backs CSG Deal; MNC Financial Backer Looking at Revelyst
Ultimately, CSG agreed to acquire The Kinetic Group for $2.15 billion, which is ~$250 million higher than the implied valuation of MNC’s last proposal and agreed to purchase shares representing 7.5 percent of standalone Revelyst for $150 million, valuing Revelyst at $2.0 billion.
New Backcountry Owner Taps Schottenstein Affiliates for $112M Financing Support
Schottenstein affiliates Second Avenue Capital Partners, SB360 Capital Partners and Ares Commercial Finance have closed on a $112 million Senior Secured Revolving Credit Facility and Term Loan for Backcountry.
EXEC: Gartner Expects 32 Percent of Consumers to Shop Early for Holidays
Gartner suggests that 32 percent of consumers will begin holiday shopping between July and October and only 14 percent of U.S. consumers plan to spend more year-over-year, with 21 percent of consumers reducing their holiday spending.
The Lycra Company Publishes Latest Sustainability Update, Progress Versus 2030 Goals
The sustainability goals outlined in the company’s third annual report are structured around three pillars and align with five United Nations Sustainable Development Goals.
