SGB Update Outdoor
Shareholder Groups Intend To Vote Against Upgraded Dorel Takeout Offer
Two shareholder groups that own a combined 19 percent of the shares of Dorel Industries, said they plan to vote against an amended offer proposed by Cerberus Capital Management, L.P. and Dorel’s controlling shareholders that would take Dorel private.
Light & Motion Announces New Sales Team Members
Light & Motion announced that John Gerritsen and Daren Alspaugh of the Ptarmigan Group will be joining its rep team and will cover Colorado, Utah, and New Mexico.
SRAM Appoints OE Sales Director, America’s
SRAM appointed Rick Wilks as OE Sales Director – America’s.
NICS Background Checks Surge 75 Percent In January
The FBI completed 2.05 million million gun background checks on an NSSF-adjusted basis in January, a surge of 75.2 percent compared to the January 2020 NSSF-adjusted NICS figure of 1.17 million.
PGA Merchandise Show Connects 11,000 Virtually
The 68th edition of the PGA Merchandise Show, January 26 to 29, shifted to a virtual event in 2021 and drew more than 11,000 attendees from 78 countries, including some 6,500 PGA professionals. Exhibitors included nearly 400 golf brands.
Arc’teryx Appoints CEO
Amer Sports Corporation announced the appointment of Stuart Haselden to the newly-created role of chief executive officer at Arc’teryx Equipment. Most recently, he served as CEO for the lifestyle luggage brand Away. He has also held leadership roles at Lululemon, J. Crew and Saks. He Haselden succeeds Jon Hoerauf, Arc’teryx President.
Amazon Announces CEO Transition
Amazon announced that Jeff Bezos will transition to the role of executive chair in the third quarter of 2021 and Andy Jassy will become CEO at that time. Jassy is CEO of Amazon Web Services (AWS).
Nordstrom Canada Appoints SVP, Regional Manager
Nordstrom, Inc. announced that Alix Box has joined the company as senior vice president, regional manager for Canada. Michelle Haggard, who previously served in this role, has retired after 30 years with Nordstrom.
Dorel Increases Purchase Price For Going-Private Transaction
The group, led by U.S.-based Cerberus Capital Management LP that’s looking to take Dorel Industries Inc. private, raised its takeover offer by 10 percent after receiving objections to its initial offer from a significant investor.
GOA Cancels June 2021 Connect Buying Show
GOA announced the cancellation of its spring Grassroots Outdoor Alliance Connect buying show, originally scheduled for June 7 to 10, 2021.
Deckers Brands Appoints Independent Director To Its Board
Deckers Brands announced the appointment of Maha S. Ibrahim to its Board of Directors, effective February 1.
Clarus Sees 23 Percent Q4 Revenue Gain
Clarus Corp said it expects sales in the fourth quarter of 2020 to be approximately $75.0 million, a 23 percent increase year-over-year and ahead of guidance. Excluding the acquisition of Barnes, sales grew 12 percent.
Authentic Brands Group Announces Slate Of Executive Promotions
Authentic Brands Group announces a slate of executive promotions as it continues to position itself for sustainable and scalable growth.
L Catterton Acquires Majority Stake In French Outerwear Brand JOTT
Just Over The Top (JOTT), the French casual outerwear brand, announced that L Catterton, the PE firm, has acquired a controlling interest in the company. The Gourdikian family, which founded and manage JOTT, will continue to hold a significant equity interest in the business.
L.L. Bean To Open Store In Dartmouth, Nova Scotia
L.L.Bean is continuing with its Canadian store expansion with a location opening this year in suburban Halifax. North American Development Group (NADG) said that it is welcoming L.L.Bean to Dartmouth Crossing, with its new 15,000-square-foot store scheduled to open in mid-2021.
