SGB Update Outdoor

Thor Industries’ Debt Ratings Upgraded

S&P Global Ratings today raised the issue-level rating on Thor Industries Inc.’s senior secured term loan to ‘BBB-‘ from ‘BB+’ and revised the recovery rating on this debt to ‘1’ from ‘2’. The upgrade follows Thor’s term loan debt repayments totaling about $265 million.

Upway Raises $25 Million In Funding

Upway, a Paris-based company that sells reconditioned electric bikes, has raised $25 million (£20m) led by investors Exor Seeds and Sequoia Capital.

BlackStrap Appoints VP Of Brand Management And Brand Director

BlackStrap, the manufacturer of face gear, base layers and accessories for winter sports, anglers and outdoor recreationists, has promoted Jim Sanco to vice president of brand and marketing and hired Randy Torcom as brand director.

21.5 Million Households To Camp Over Fourth Of July

Kampgrounds of America’s monthly research report for June noted that 21.5 million camping households plan to camp this Fourth of July, an 8.6 percent increase over the same period last year.

Unifi Makes Leadership And Board Changes

Unifi, the maker of Repreve, appointed General Counsel and Corporate Secretary Greg Sigmon as an executive officer, realigned its leadership in Brazil, announced the retirement of a board member, and repurchased 500,000 shares of its common stock.

Amazon Prime Day 2022 Begins July 12

Amazon’s annual shopping event, Amazon Prime Day, will officially kick off at 3AM ET / 12AM PT on Tuesday, July 12th, and run through Wednesday, July 13th, the company announced on Thursday

Timberland Treks Into The Metaverse Via Fortnite

Timberland has stepped into the metaverse with the launch of its semiannual Construct: 10061 design program within Fortnite to engage customers in an updated product design process that blends physical and virtual experiences. 

Polygiene Group Hires New CFO

Polygiene Group, the maker of antimicrobial technologies and odor control solutions based in Sweeden, has appointed Niklas Blomstedt as its chief financial officer, succeeding current CFO Nina Forsvall.

May Retail Sales Unexpectedly Decline Amid Inflationary Pressures

Retail sales fell 0.3 percent in May from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.2 percent. May marked a slowdown from the gain of 0.7 percent in April and the first decline in retail sales in five months.

Campers Inn RV Acquires Forrest Marine And RV Center

Campers Inn RV has acquired Forrest Marine & RV Center in Tyngsboro, MA. The dealership will remain under the name Forrest Marine & RV Center as it transitions into the Campers Inn RV organization.