SGB Update Outdoor
GSM Outdoors Sold to Private Equity Firm
Platinum Equity has signed a definitive agreement to acquire GSM Outdoors from Gridiron Capital. The acquisition is expected to be completed in the third quarter of 2024. Gridiron Capital acquired GSM in 2020.
MNC Capital Open to Make Direct Tender Offer to Vista Shareholders at $42 a Share
MNC said it is committing to its previously announced fully financed $42 per share all cash offer for Vista Outdoor Inc as a consolidated entity, and that it will not reduce the $42 per share price. Vista Outdoor is taking issue with the MNC media release.
American Outdoor Brands Promotes Kersker to VP of Outdoor Sales
Kersker joined the company in 2016 as a sales manager and was later promoted to director of sales. Most recently he was the senior director of sales.
Perfect Moment Taps America Eagle Subsidiary as U.S. Distribution Partner
The fashion skiwear and active lifestyle brand has partnered with Quiet Platforms, a wholly-owned subsidiary of American Eagle Outfitters Inc., to establish distribution and order fulfillment centers in key markets across the U.S.
Ross Stores Opens 24 New Locations
Together, Ross Dress for Less and DD’s Discounts operate 2,148 locations in 43 states, the District of Columbia and Guam.
Vista Outdoor Delays Stockholder Vote Again as CSG Raises Bid for Ammo Unit
In the latest chapter of a saga with more twists and turns than the election process in the U.S. this year, the Vista Outdoor Board of Directors will adjourn a special meeting of stockholders after CSG Group sweetens ammo deal.
Vista Outdoor Reaffirms Fiscal Year Guidance
The company sees consolidated company sales in the range of $2.665 billion to $2.775 billion and Adjusted EBITDA in the range of $410 million to $490 million for the fiscal year ended March 31, 2025.
Vista Outdoor Warns on Fiscal Q1 Sales, Profit Declines; Reaffirms FY Guide
Vista Outdoor reported preliminary results for the fiscal first quarter but did not report consolidated numbers, opting instead to report results for its two business segments, Outdoor Products and Sporting Products.
American Bicycle Group CEO Peter Hurley Passes Away
The CEO of the parent company of the Quintana Roo, Litespeed and OBED brands suffered a heart attack following a morning run on Friday, July 19, 2024.
REI Co-op Names 2024 Vendor Partners of the Year
The outdoor specialty retailer is reporting the honorees of this year’s Vendor Partner of the Year Awards, which the retailer gives to brands that have significantly impacted various aspects of its business over the past year.
NMMA Promotes Berry to VP of Engineering Standards
Scott Berry has been with the National Marine Manufacturers Association since 2018, most recently as senior director of engineering. In his new role, Berry will take a greater leadership role in ongoing oversight of all certification programs.
The Conservation Alliance Welcomes New Executive Director
Hendricks joined TCA from Rivian, where he was the director of community sustainability. Before Rivian, Hendricks was an instructor in the University of Colorado’s Masters of the Environment Program and spent eight years leading Patagonia’s social and environmental impact initiatives.
Beyond, Inc. Re-Launches Overstock.com with Expansion of Categories
The revived Overstock.com, another retail rehab project led by investor and business mentor Marcus Lemonis, now has an inventory lineup that includes closeouts, liquidation, factory direct, and reverse logistics merchandise.
Black Diamond Parent Taps Tripp Wycoff to Lead Rhino-Rack Americas Unit
Former Thule executive Tripp Wyckoff is now general manager of the Americas, David Cook is global head of OEM and Daniel Bruntsch is head of EMEA sales for the segment that manages the Rhino-Rack, Maxtrax, and Tred Outdoors brands.
Birkenstock to Open First Storefront in Paris
Founded in 1774, Birkenstock’s first free-standing store will open on July 20 in Paris’ Marais district.
