SGB Update Outdoor
Vista Outdoor’s Debt Ratings Upgraded
Moody’s Investors Service upgraded Vista Outdoor Inc.’s Corporate Family Rating (CFR). The rating agency said Vista’s operating performance has materially improved and it expects that the company’s credit metrics will remain robust over the next 12 to 18 months as strong demand for ammunition continues and the company works through its material backlog.
Klymit Acquired By MacNeill Pride Group
MacNeill Pride Group (MPG) has acquired Klymit. The terms of the transaction were not disclosed. The deal builds on MPG’s acquisition of GCI Outdoor and ORCA.
Electric Eyewear Forms Distribution Partnership With Liberated Brands Europe
Electric Eyewear has formed a distribution partnership with Liberated Brands Europe, Volcom EU’s new operating company. The partnership will see Liberated take over Electric’s e-commerce, marketing and wholesale in Europe.
Survey: Tokyo Olympics Draws Muted Interest
A new Ipsos Global Advisor survey, conducted in 28 countries, showed that Americans are split on whether the Summer Olympics in Tokyo should go ahead, with 52 percent agreeing that it should. Only half of Americans (48 percent) are interested in the Olympics this year. Despite the lukewarm in interest, Americans believe the Olympics have a positive impact on society.
Primary Arms Appoints VP/GM Of Optics
Primary Arms announced the addition of Donald Riley to its executive leadership team as Vice President and General Manager, Primary Arms Optics.
Outdoor Sportsman Group Appoints VP, Ad Sales
Outdoor Sportsman Group (OSG) announced the promotion of Mike Savino to vice president, Advertising Sales. Savino will oversee endemic multi-media sales for the company. Previously, he worked as director, Advertising Sales.
New Organization Sales Team At Pinarello
Pinarello said Diego Colosio, who already joined the cycling company in May, will be appointed as its commercial director.
Arc’teryx To Open Fourth Manhattan Store
Arc’teryx will open a fourth store in Manhattan on the Upper West Side at 158 Columbus Avenue at 67th Street. The store opens on July 17.
Smith And Koroyd File Intellectual Property Lawsuit Against Burton
Smith Optics and Koroyd have jointly filed a patent infringement action against Burton, claiming that the WaveCel shock-absorbing material Burton uses in some helmets infringes on its jointly owned patent.
U.S. Business Groups Urge Trade Chief To Forgo Vietnam Tariffs
SFIA, OIA, SIA, FDRA and AAFA were part of 76 trade associations that sent a letter to U.S. Trade Representative Katherine Tai urging the Biden administration against adding more 301 tariffs and instead, use other tools, such as financial diplomacy led by the Treasury Department, to pressure Vietnam on any currency concerns.
Black Diamond Announces Recent Promotions And Hires
Black Diamond Equipment promoted Kolin Powick to vice president of product and Bill Ayers to vice president of finance. Over the last year, Oliver Holzmann and Tony Rivera joined Black Diamond in the roles of vice-president of global marketing and business unit director for apparel, respectively.
Lodging Rebounds At Western Mountain Destinations For Record Summer
Western mountain resorts have almost entirely returned from their pandemic-caused slump. They now see occupancy, rate and revenue figures increasing, setting new seasonal records while also seeing that momentum surge into early winter with strong bookings for the December holiday period, according to the most recent results released by DestiMetrics, a division of Inntopia.
Recall: Ozone 500 24-Inch Bicycles Sold At Academy Sports
About 3,860 Ozone 500 girls’ and boys’ Elevate 24-inch bicycles sold by Academy Sports + Outdoors are being recalled.
Eddie Bauer Launches Gear Rental Program
Eddie Bauer has launched a gear rental program in partnership with Arrive Outdoors, camping gear and outdoor product rental business.
Scheels Announces Wichita Location For 2023
Scheels announced its second Scheels location coming to Kansas. The new store will open in Spring 2023 in Wichita, in collaboration with Simon, joining the Overland Park Scheels that opened near Kansas City in 2015.
