SGB Update Outdoor
Helen of Troy Completes Acquisition Of Osprey Packs
Helen of Troy Limited announced the successful completion of its previously announced acquisition of Osprey Packs, Inc, for $414.7 million in cash, which includes the impact of a $5.3 million favorable customary closing net working capital adjustment.
L.L. Bean To Close Tysons Corner Center Store
L.L. Bean is closing the Tysons Corner Center store in Tysons Corner, VA, according to the Tysons Reporter.
Sun Outdoors Acquires Jellystone Park Franchisor
Michigan-based Sun Outdoors, which owns more than a dozen Jellystone Park franchise locations, has acquired Jellystone Park’s franchisor, Leisure Systems Inc.
Amazon To Sponsor Thrive Outside Community Initiative
Outdoor Foundation, the philanthropic arm of the Outdoor Industry Association (OIA), announced a new sponsorship by Amazon to fund the expansion of its Thrive Outside Community Initiative. Amazon joins L.L. Bean, Patagonia, REI, Thule, VF Corporation, Winnebago Industries, Wolverine Worldwide, and Yeti as a partner in the initiative.
Lazydays Holdings Announces Leadership Transition
Lazydays Holdings Inc., which specializes in sales and service of recreational vehicles, RV rentals, parts and accessories, announced that William P. Murnane is stepping down as chairman and CEO.
GSM Outdoors Acquires SOG Specialty Knives
GSM Outdoors has acquired SOG Specialty Knives, the American knife and tool manufacturing company based in Lynnwood, WA.
Canadian Pacific Announces Contract Extension With Canadian Tire Corporation
Canadian Pacific and Canadian Tire Corporation, Limited, the parent of SportChek, announced a multi-year agreement to continue moving the retailer’s goods in Canada.
Wearable Technology Named Top Fitness Trend For 2022
With more people turning to their smartwatch or fitness tracker to monitor exercise and sleep quality, it’s not surprising that 4,500 health and fitness pros surveyed by the American College of Sports Medicine (ACSM) identified wearable tech as the new top trend in fitness for 2022. Rounding out the top-five were home exercise gyms, outdoor activities, strength training with free weights and exercise for weight loss.
On Launches Kenya-Based Trail Running Team
Swiss running brand On has launched Milimani Runners, an elite trail running team based in Iten, Kenya.
REI Expands Technology Leadership Team
REI Co-op announced it has expanded its technology leadership team with two new vice presidents. Analyn Nouri was hired as vice president of platform engineering and the retailer promoted 15-year employee Todd Wilson to vice president of product engineering.
Vista Outdoor Announces Acquisition Of Stone Glacier
Vista Outdoor Inc. announced the acquisition of Stone Glacier, a maker of lightweight, performance hunting gear designed for backcountry use.
Climashield Sold To PE Firm
Crown Capital Investments (CCI), an Atlanta-based private equity investment firm, has acquired Climashield to its manufacturing portfolio of companies.
Selfridges Sold To Thai-Austrian Alliance
British luxury department store chain Selfridges is being sold to a Thai retailer and an Austrian property firm. The deal for the majority of Selfridges Group is worth around £4bn ($5.4bn).
Mastercard: U.S. Holiday Sales Grew 8.5 percent
According to Mastercard SpendingPulse, holiday retail sales, excluding automotive, increased 8.5 percent year-over-year this holiday season, running from November 1 through December 24. Notably, online sales grew 11.0 percent compared to the same period last year, its preliminary insights show.
Escalade Appoints CEO And President
The Board of Directors of Escalade Inc. announced the appointment of Walter P. Glazer, Jr. as CEO and president effective January 1, 2022. Glazer has been serving as interim CEO and president.
