SGB Update Outdoor
Vista Outdoor To Close Bell/Giro HQ As Outdoor Businesses Merge; Appoints Sporting Products CEO
In a regulatory filing, Vista Outdoor announced an over $50 million cost reduction and earnings improvement program, including closing Bell/Giro headquarters in Scotts Valley, CA, spending cuts, EBIT improvements, and headcount reductions across brands and corporate teams. Jason Vanderbrink was promoted to CEO of Sporting Products.
Blue Ridge Chair Works Hires Head Craftsman
Blue Ridge Chair Works, a portable outdoor furniture manufacturer, hired Colin Buxton as a head craftsman who is also tasked with introducing a brand refresh.
Blizzard-Tecnica Hires Business Unit Director For North America
Blizzard-Tecnica hired ski industry veteran Topher Plimpton as the business unit director for North America for the U.S. and Canadian markets.
Templar Knife Adds Sales Agency For Southeastern U.S. Region
Templar Knife hired Core Line, a manufacturer’s rep agency, to cover the Southeastern states.
The Headrest Safe Company Taps Sales Group For TALO States
The Headrest Safe Company, LLC partnered with Frontier Sales & Marketing Group to oversee the growth and expansion of the company’s accounts in Texas, Arkansas, Louisiana, Oklahoma, and Mississippi.
Boot Barn’s COO To Retire
Boot Barn Holdings, Inc. reported that Gregory Hackman, executive vice president and chief operating officer, plans to retire in June. He will continue in his position until then and transition his responsibilities to other company executives.
Jetson Electric Bikes Recalled
About 53,000 electric bikes manufactured by Jetson Electric Bikes are under recall as the batteries can overheat, posing a fire hazard. The U.S. Consumer Product Safety Commission reported that two sisters, ages 10 and 15, were killed in a fire, and the company’s 42-volt Jetson Rogue started the blaze.
Authentic Brands Group Makes Binding Offer To Acquire Boardriders
Authentic Brands Group reported it entered a period of exclusivity and made a binding offer to purchase Boardriders, the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper, and Honolua. Boardrider is owned and managed by Oaktree Capital Management, L.P. Terms were not disclosed.
Benchmade Knife Company Prevails In Patent Infringement Lawsuit
Benchmade Knife Company reported securing a permanent injunction against Hogue, Inc. and Hogue Tool and Machine, Inc., prohibiting them from infringing one of Benchmade’s patents.
Ontario Knife Co. Parent Looks For Options For USA Heritage Brand
The Servotronics, Inc. Board of Directors authorized the review of strategic alternatives for the Consumer Products Group (CPG) with the goal of enhancing shareholder value.
Yamaha Marine Group Names Director Of Marine External Affairs
Yamaha Marine Group named Martin Peters, director of marine external affairs, responsible for marine sustainability, regulatory matters, government relations, and communications.
Gabriel Brothers Opens Largest Company DC In Ohio
Gabriel Brothers, Inc. announced the grand opening of its largest distribution center in Springfield, OH, with over 870,000 square feet.
Stifel Expands U.S. Ski & Snowboard Deal To Include Team Naming Rights
U.S. Ski & Snowboard expanded its partnership with Stifel Financial Corp. to become the official team naming partner of all ski teams under the U.S. Ski & Snowboard brand.
Wolverine Rolling Sweaty Betty Into International Group; CEO to Depart
Wolverine World Wide, Inc. reported it intends to improve operating performance, fuel global growth and enable future investments into Sweaty Betty, the women’s activewear brand it acquired in August 2021.
USA Cycling Names New National Team Coaches and Directors
USA Cycling added three members to the Sports Performance staff. Craig Griffin is the new senior director of Track, Tanner Putt is the director of Road and German Medina is the BMX Racing National Team coach.
