SGB Update Outdoor
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Olin Corp. Takes Impairment Charge
Olin Corporation, the parent of Winchester, announced that its financial results for the third quarter ended September 30, 2020 are expected to include a non-cash pretax impairment charge related to goodwill of approximately $700 million. The goodwill impairment charge is primarily the result of the sustained lower Olin stock price during 2020.
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MEC Sale Gains Court Approval
A court in British Columbia approved the sale of MEC (Mountain Equipment Co-op) to Kingswood Capital Management, a California-based private-equity firm over calls by a group protesting the sale.
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Grassroots Outdoor Alliance Confirms Fall Show Dates
Grassroots Outdoor Alliance has confirmed fall show dates for its Connect buying show through 2024. Upcoming fall shows for Grassroots Connect will be held in the Kansas City Convention Center with confirmed dates including November 8-11, 2021; November 7-10, 2022; November 6-9, 2023; and November 14-17, 2024.
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VF Foundation Partners With National Forest Foundation
The National Forest Foundation (NFF) and USDA Forest Service announced a new partnership with The VF Foundation that will create a new program in the Denver area called the “Colorado Front Range Strike Team.” In total, The VF Foundation has granted more than $400,000 to help fund the first two years of the pilot project to conserve and maintain Front Range trails.
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Winnebago Industries Appoints President Winnebago Outdoors; Senior VP Winnebago RV’s
Winnebago Industries Inc. appointed Huw Bower as president, Winnebago Outdoors and Brian Hazelton to senior vice president, Winnebago-brand RVs.
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GoPro Sees Subscriptions Climbing On Robust Hero9 Launch
GoPro Inc. announced that high demand for its new flagship camera, HERO9 Black, has vaulted the number of paid GoPro subscribers past the 500,000 milestone.
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Emerald Holding Launches Stock Buyback Plan
Emerald Holding Inc., the parent of Outdoor Retailer, Surf Expo and other trade shows, announced that its Board of Directors has approved the repurchase of up to an aggregate of $20 million of its common stock.
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NICS Checks Climb 61 Percent In September
The FBI completed 1.63 million gun background checks on an NSSF-adjusted basis in September, a climb of 61.4 percent compared to the September 2019 NSSF-adjusted NICS figure of 1.01 million.
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Camping World Enters Partnership As NHRA Pro Series Sponsor
Camping World partnered with the largest motorsports sanctioning body to become the title sponsor of NHRA’s premier professional series, which will be called the NHRA Camping World Drag Racing Series.
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OIA Praises Passage Of America’s Conservation Enhancement Act
The Executive Director of the Outdoor Industry Association (OIA), Lise Aangeenbrug, applauded the passage by the House of Representatives “America’s Conservation Enhancement Act” legislation reauthorizing wetlands conservation and officially establishing the National Fish Habitat program and that addresses threats from invasive species and chronic disease.
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Jack Wolfskin Appoints Chief Financial Officer
Jack Wolfskin, which is owned by Callaway Golf, has appointed André Grube as its new CFO.
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Grayl Expands U.S. Sales Footprint
Grayl has added both Freestone Sales Group and Alpine Cowboy sales group to increase it’s presence in the United States to complete its national coverage.
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Northland Fishing Tackle And Bagley Bait Company Expand Rep Group Territory
Northland Fishing Tackle and the Bagley Bait Company announced the expansion of their established rep group Sokol Associates’ territory, effective October 1.
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Sportfishing Industry Commends House Passage Of America’s Conservation Enhancement Act
The American Sportfishing Association praised the U.S. House of Representatives, who passed without objection, America’s Conservation Enhancement (ACE) Act, a historic package of bills to benefit fish and wildlife conservation throughout the U.S.
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Amer Sports Announces Senior Management Changes
Amer Sports Corp., acquired last year by Anta Sports, said Heikki Takala has decided to resign from his role as president and CEO and will move into a role as a special advisor to the Board. Jie Zheng, Anta’s executive director and group president, has assumed Takala’s responsibilities.