SGB Update Outdoor
Recall: Wiggle Vitus Kids Bikes
About 280 Vitus 14 and Vitus 16 kids bikes from Wiggle are being recalled. The Consumer Product Safety Commission said the bikes don’t meet U.S. regulations for kid’s sidewalk bikes because they have handbrakes but no coaster brake.
Recall: Burley Ballz QR Skewers
About 2,935 skewers in the U.S. and about 260 in Canada are being recalled by Burley Design because they can shear or bend.
Play It Again Parent Issues $30 Million Of Notes
Winmark Corporation announced the issuance of $30.0 million of 3.18 percent senior secured notes due 2028.
Backcountry Appoints CFO
Backcountry has appointed Girish Satya chief financial officer of its global portfolio of brands, including Backcountry, Bergfreunde, Competitive Cyclist, Motosport and Steep & Cheap. Most recently, Girish served as a principal at TSG Consumer Products, Backcountry’s financial and strategic partner.
Cirrus Cycles Announces Employee Promotions
Cirrus Cycles, Inc., makers of Kinekt Suspension Components, promoted Evan Wert, Jeremy Facer and Kelsey Lampe.
American Outdoor Brands’ Q1 Revenues Climb 20 Percent
Profits at American Outdoor Brands grew 94.4 percent in the first quarter ended July 31 as sales grew 20.4 percent and gross margins improved 70 basis points.
Helen of Troy Announces $500 Million Share Repurchase Authorization
Helen of Troy Ltd. announced that its Board of Directors has authorized the repurchase of $500 million of its outstanding common shares in keeping with its stated intention to return to shareholders capital not otherwise used for core business growth or strategic acquisitions.
Columbia Sportswear Appoints President Of Prana
Columbia Sportswear Company announced the appointment of Monica Mirro as president of the Prana brand.
Columbia Sportswear Appoints President Of Mountain Hardwear
Columbia Sportswear Company announced the appointment of Troy Sicotte as president Mountain Hardwear brand.
Cotopaxi Secures Growth Investment Led By Bain Capital Double Impact
Cotopaxi announced that it has secured funding led by Bain Capital Double Impact, the impact investing strategy of Bain Capital.
Eagle Creek Sold To Travis Campbell
VF Corp announced that it has sold Eagle Creek to Travis Campbell, the former president of emerging brands at VF. The sale comes after VF in June had said it planned to cease operations of the travel accessories, luggage and daypack brand by this fall.
Snowbound Festivals Postponed Until 2022
With concern for the health and safety of in-person attendance at this year’s 2021 Snowbound Festivals in Denver, CO (November 5-7) and Boston, MA ( November 19-21) due to a resurgence of COVID-19, the events are postponed until 2022.
Revo Expands Golf Division To UK/EU Market
Revo announced the expansion of its golf division to the UK and Europe.
Houdini Expands Global Circularity Initiative To Increase Engagement
Swedish sportswear brand Houdini announced its expanding global initiative with industry experts, brands and users.
