SGB Update Outdoor
Pure Fishing Lands Refinancing Deal on Outstanding Debt
As part of this transaction, the company entered into a new five-year, $750 million first lien credit facility with a consortium of lenders including Monarch Alternative Capital LP and Silver Point Finance as co-lead lenders.
Ken Hicks Takes the Reins at PetSmart LLC
The former Foot Locker, Inc., Academy Sports + Outdoor, Inc. and JC Penney Chief Executive has been named President and CEO, effective October 31. Hicks will also serve on the company’s Board of Directors.
NRF Expects 2024 Holiday Spending to Reach New Record
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations, and other seasonal items, according to the NRF’s latest consumer survey conducted by Prosper Insights & Analytics.
X-Bionic Sets Up Shop in Denver Showroom, Adds NA Leadership and Reps
Kris Kuster, the company’s President and Co-Owner, leads its North American team. An outdoor and snow sports industry veteran, Kuster formerly worked for Nitro Snowboard and Mammut Sports Group.
Troon Appoints Jimmy Dunne to Board
Over the past three decades, Dunne has advised on some of the financial industry’s largest M&A transactions. In addition to serving on Troon’s Board of Directors, Dunne is a member of the Board of Trustees at the University of Notre Dame and is a Board member of the American International Group, Inc. (AIG) and Chime Financial, Inc.
FireDisc Cookers Adds Another Key Sales Agency to its Team
Continental Sales and Marketing is the company’s new independent sales rep partner for the hardware, sporting goods and grocery stores channels.
Mavic USA Rolls Out Updated Roster of Indie Sales Reps, New VT Service Center
The company is rounding out its first year in Waterbury, VT with a solid sales force and a fully operational Mavic USA Service Center.
Report: U.S. Retail Saw Deep Declines in Fashion Categories in Fiscal September
The weakness un the apparel, footwear and accessories categories may lead to some pent-up demand for the Holiday selling season after lagging the stable performance seen in other categories at retail for the 5-week period.
Garmin Ltd. Acquires Marine LED Lighting Company Lumishore
The privately-held company has manufactured LED lighting systems used on various vessels, from runabouts to superyachts, for over 15 years. Financial terms of the acquisition will not be disclosed.
Canada Goose Faces Downgrade to “Sell” on Growth Concerns
Goldman Sachs downgraded Canada Goose to “Sell” from “Neutral,” citing challenges in the competitive landscape and concerns over slowing brand momentum and luxury spending overall.
National Marine Manufacturers Association Board Elects Three Division Directors
New individuals joining the NMMA Board of Directors include Ben Duke (Polaris Marine), Tommy Hancock (Sportsman Boats) and Rob Parmentier (Sailfish Boats
St. Croix Rod Appoints Sales Teams for Midwest, Colorado and PNW Territories
The family-owned fishing rod company based in Park Falls, WI, has tapped Redband Sports Group and Wisco Outfitters to represent the company’s fly-fishing portfolio and brand in two key U.S. fly-fishing regions.
Kent Outdoors Opens New Factory in Arlington, WA
Located next to a private lake, the company’s product designers can accelerate product testing and development for faster iteration and refinement prior to production.
Zamberlan Hires North American Sales Manager
The Italian outdoor footwear brand hired Bill Johnson, formerly at Zappos.com, as North American sales manager. He spent the last 19 years as the Outdoor Footwear Buyer at Zappos.com
Ottolock Forms U.S. Distribution Partnership with BTI
The new U.S. distribution partnership with with Bicycle Technologies International comes as Ottolock recently added new products to its mobile security offering to pair with its original cinch lock.
