SGB Update Outdoor
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.
Li & Fung Sells Logistics Arm To Maersk For $3.6 Billion
Li & Fung Limited entered into a transaction for shipping giant Maersk to acquire its logistics business, LF Logistics Holdings Limited (LF Logistics) and its various entities, valuing the business at $3.6 billion on an enterprise value basis.
Saris Appoints Product Manager
Saris, a maker of bike racks and bike trainers based in Madison, WI, announced the promotion of Kellen Pagel to product manager.
BikeExchange Limited Acquires Kitzuma
BikeExchange, the Australia-based marketplace, has acquired Kitzuma, the Asheville, NC-based bike-shipping service that launched last December.
Gaia Acquires Yoga International
Gaia, Inc., the subscription video-streaming service, has acquired Yoga International, a digital yoga service. The acquisition adds 4,000 hours of yoga content to Gaia’s library.
Recall On GSM Outdoors Captain Hang-on Treestands
About 1,030 Captain Hang-on Treestands from GSM Outdoors are being recalled. According to the CPSC, the crimps of the plastic-coated cables can slip during use causing the standing platform to release, posing fall and injury hazards to users.
Thor Industries Sets $250 Million Share Buyback Plan
Thor Industries, Inc. announced that its Board of Directors has authorized the repurchase of up to $250 million of its common stock.
Decision On ‘Container Dwell Fee’ On Hold Until December 27
Further consideration of the “Container Dwell Fee” will be postponed until Dec. 27, the Port of Long Beach and the Port of Los Angeles announced.
RV Shipments Set New November Record
Results for the RV Industry Association’s November 2021 survey of manufacturers determined that total RV shipments ended the month with 49,135 units, a new record for the month of November and an increase of 15.6 percent compared to the 42,513 units shipped during November 2020, the previous record for November.
Imperial Headwear Sold To Private-Equity Firm
Paramount Apparel International, the parent of Imperial Headwear, has been sold to CPC LLC, a Kansas City, MO-based family office investment firm.
