SGB Update Outdoor
Academy Sports Announces Secondary Stock Offering
Academy Sports and Outdoors Inc announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 14 million shares of common stock of Academy.
Rocky Mountain Appoints Chief Product Officer
Rocky Mountain welcomed Alex Cogger as chief product officer on the Executive Committee.
Catch Co. Closes $38 Million Series B Funding Round
Catch Co. announced that it had closed a $38 million Series B funding round led by Silicon Valley venture capital firm True Ventures with participation from Chicago-based prior investor TechNexus. To date, the fishing brand, content and commerce platform has raised $56 million in total funding.
L Catterton Completes Acquisition Of Birkenstock
L Catterton announced that it has completed the previously announced acquisition of Birkenstock. In conjunction with the closing, Birkenstock has formed and appointed six members to the company’s Supervisory Board.
Pure Fishing’s Debt Ratings Affirmed Following Acquisition And Incremental Debt Issuance
S&P Global Ratings affirmed its ‘CCC+’ issue-level rating on Pure Fishing’s first-lien senior secured term loan due 2025 following debt issuance tied to the acquisition of Plano Synergy Holdings.
Windpact Appoints VP Of Design And Development
Windpact appointed Kenneth Perkins as VP of design and development. Most recently, Perkins was director of design and development for Bern Unlimited.
Emerald Holding Sees Steep Q1 Revenue Drop
Emerald Holding Inc. reported revenues tumbled 87 percent as results continue to be negatively impacted by event cancellations due to the COVID-19 pandemic.
Newell Brands’ Outdoor & Recreation Segment’s Q1 Sales Climb 9.4 Percent
Newell Brands reported its Outdoor & Recreation segment showed a small operating profit in the first quarter ended March 31 as sales increased 9.4 percent.
VF Corp’s Former CFO Joins Tapestry
Tapestry Inc., the parent of Coach, Kate Spade and Stuart Weitzman., has hired Scott Roe as chief financial officer, effective June 1, 2021. Roe was formerly VF’s CFO.
CODI Sees Q1 Revenues Expand 38 Percent
Compass Diversified (CODI) reported net sales rose 38.4 percent for the first quarter ended March 31 and raised its earnings guidance for the year. The company said it was helped by last year’s acquisition of Marucci and BOA.
Columbia Sportswear Hikes 2021 Outlook On Robust Q1 Results
Columbia Sportswear Company raised its guidance for the year after reporting first-quarter sales and earnings arrived well above Wall Street’s targets and seeing healthy early Spring 2021 sell-through and Fall 2021 orders. The first-quarter gains were led by direct-to-consumer e-commerce business, which grew 35 percent year-over-year.
L.L.Bean To Open Seven Stores In 2021
Following its strongest fiscal year in nearly a decade, L.L.Bean announced it will open seven new retail stores across the U.S. and Canada in 2021. These include three stores in the U.S. and four in Canada.
Academy Sports’ Debt Ratings Outlook Raised To Positive
Moody’s Investors Service changed its outlook for Academy, Ltd. to positive from stable. The change in outlook to positive from stable reflects Academy’s outperformance relative to expectations since the IPO, and the potential for the company to maintain solid credit metrics as demand in the sporting goods category moderates.
Camping World Appoints Vice President Of Learning And Development
Camping World Holdings Inc. appointed AnnaMarie Balch Olson as vice president of Learning and Development.
XS Sights Announces Staff Promotions
XS Sights announced the promotions of Zack Kinsley to vice president of business development and Addison Monroe to marketing manager.
