SGB Update Outdoor
Helen of Troy’s Houseware Sales Climb 38 Percent
Helen of Troy Ltd. reported housewares segment revenue increased 37.7 percent in the fiscal first quarter ended May 31 to $193.6 million. Growth was primarily driven in part by an increase in brick and mortar sales for both OXO and Hydro Flask due to the favorable comparative impact of store closures and reduced store traffic in the prior year period.
GOA Adds Vendor Partners; Expands To 196 Retail Doors
Grassroots Outdoor Alliance (GOA) has added five retail members, including Big Agnes and Osprey, as vendor partners.
REI To Open Second Location In Missouri
REI will open a new store in Spring 2022 in Town and Country, MO. Since 2001, the outdoor retailer has had a store presence in St. Louis.
Asobi Ventures Acquires Majority Stake In Cinelli And Columbus Cycling Brands
Asobi Ventures Inc., the family investment vehicle of Victor Luis, announced that it had acquired a majority share in Gruppo Srl, the parent company of Italian bicycle manufacturer Cinelli and tube manufacturer Columbus.
Colnago Appoints CEO
Italian road-racing bike manufacturer Colnago announced that Nicola Rosin has been appointed CEO of Colnago Ernesto & C. S.r.l. and the associated company, Colnago America.
Küat Racks Adds Second Distribution Facility In California
Küat Innovations, Inc., a Springfield, MO-based maker of Küat Racks, has added a second distribution facility in Gardena, CA.
Hoyt Archery Appoints President
Hoyt Archery announced that Zak Kurtzhals has been named the new company president. Currently Hoyt’s VP of operations, Kurtzhals will succeed Randy Walk, effective July 19.
Authentic Brands Group Files For IPO
Authentic Brands, which owns a number of fashion and sports brands, filed for an initial public offering.
Skylotec Acquires Climbing Technology
Skylotec, based in Neuwied, Germany, has acquired Climbing Technology, a European manufacturer of carabiners.
Camber Hires Chief Development Officer
Camber announced that Tiffany Smith had joined the company as Chief Development Officer.
Camping World Continues Expansion With Vermont Acquisition
Camping World Holdings Inc. announced a land acquisition agreement for TC’s RV dealership in St. Albans City, VT. This location will be the retailer’s first facility in the state of Vermont.
Volcom Operating Group To Pick Up Spyder License
Authentic Brands Group (ABG) announced the transition of its core licenses for Spyder to Liberated Brands, the parent of Volcom surf and skateboard label. ABG also plans to appoint new license partners for Frye.
The Renewal Workshop Closes $6 Million Round
The Renewal Workshop announced a $6 million financing round. The round includes Rubio Ventures, Shift Invest, Quadia, Closed Loop Partners, Gratitude Railroad, Portland Seed Fund, Fashion for Good, DOEN, Mosiaco Management, Mistletoe, and Volta Circle.
CODI Declares Second Quarter 2021 Distributions
Compass Diversified (CODI) has declared a quarterly cash distribution of 36 cents per share on the company’s common shares.
Patagonia Secures Multi-Year Infinna Supply
Patagonia signed a multi-year sales agreement for Infinna fiber, which is regenerated from textile waste by Infinited Fiber Company.
