SGB Update Outdoor
Arc’teryx Opens Global Flagship Store In Shanghai
Arc’teryx Equipment opened of its first global flagship store in Shanghai, China. The two-story, 8,000-square-foot store is the brand’s largest store to date.
Robert Gore, Inventor of Gore-Tex, Passes Away
Robert W. “Bob” Gore, chairman emeritus of the board of directors of W. L. Gore & Associates and the inventor of Gore-Tex outerwear, passed away on September 17 at the age of 83.
Marriott Partners With National Park Foundation
Marriott Bonvoy, Marriott International’s travel program, announced its marketing partnership with the National Park Foundation (NPF), the official nonprofit partner of the National Park Service.
Amazon Announces First Recipients Of Investments From $2 Billion Climate Pledge Fund
Amazon announced the first recipients of investments from The Climate Pledge Fund: CarbonCure Technologies, Pachama, Redwood Materials, Rivian, and Turntide Technologies.
Camping World Announces 75 Percent Increase In Special Quarterly Dividend
Camping World Holdings Inc. announced that its Board of Directors has approved a 75 percent increase in the company’s quarterly special dividend paid to holders of the company’s Class A Common Stock from 8 cents per share to 14 cents per share.
Camping World Becomes Presenting Sponsor Of MLB National League Championship Series
Camping World Holdings and Major League Baseball announced a new element to the organizations’ multi-year partnership that names Camping World the presenting partner of the 2020 National League Championship Series on FOX and FS1.
Dutch E-Bike Firm VanMoof Raises $40 Million
E-bike manufacturer, VanMoof, has raised a $40 million investment from Norwest Venture Partners, Felix Capital and Balderton Capital. The funding brings VanMoof’s total capital raised to $73 million and furthers the e-bike brand’s mission of getting the next billion on bikes.
Dick’s SG Settles $2.9 Million Wage Deal
Dick’s Sporting Goods agreed to pay $2.9 million in a settlement between the retailer and California retail workers over apparel costs and mandatory off-the-clock security checks according to a report from HR Dive.
Hestra Splits Growing Western Territory, Adds New Reps
Hestra, the maker of gloves for outdoor activities, announced the division of its western territory and the hiring of Shannon Carey and Chuck Gerst to manage the new territories.
Safilo Announces New Term Loan Facility
Safilo Group S.p.A. announced the signing of a new term loan facility for an amount of €108.0 million ($123 mm) to provide Safilo S.p.A. with additional liquidity to finance working capital and investment needs for activities located in Italy.
PrimaLoft And Shanghai Challenge Textile Co. Enter Global Partnership Agreement
PrimaLoft, Inc. has entered into a partnership with fabric manufacturer Shanghai Challenge Textile Co., LTD to exclusively produce PrimaLoft performance fabrics.
Canada’s MEC To Be Acquired By U.S. PE Firm
Mountain Equipment Co-op (MEC), Canada’s largest outdoor chain with 22 stores, announced its board of directors has unanimously approved a deal in which a Los Angeles-based private investment firm will acquire MEC’s assets, including the majority of its retail stores. Vancouver-based MEC said the transition from a co-operative structure to a subsidiary of Kingswood Capital Management is needed to ensure a stable future for the business.
Industrial Revolution Appoints VP Of Sales
Industrial Revolution hired Chris Clark as vice president of sales. His previous experience includes Outdoor Research, Cascade Designs, and Brunton Outdoor.
Sportsman’s Warehouse To Open In Chambersburg, PA
Sportsman’s Warehouse Holdings, Inc. plans to open a new store in Chambersburg, PA this month with a grand opening celebration to be held September 24 to 26.
Camping World Announces Long-Term Goals, Initiatives And 2021 Outlook
Camping World Holdings released its long-term goals, initiatives and 2021 outlook highlights ahead of its annual Investor Day, including expectations for adjusted EBITDA to grow in the mid-single-digits over the next 5 years.
