SGB Update Outdoor
OBIT: Yoshizo Shimano
Shimano announced the passing of chairman emeritus and former chairman Yoshizo Shimano. Yoshizo died of chronic heart failure at the age of 85 on July 3, 2020.
L.L.Bean Plans Three Stores In Canada
L.L.Bean announced the expansion of the brand in Canada, with three new L.L.Bean stores scheduled to open in Ontario by the end of 2020.
Kathmandu Sees Strong Rip Curl Recovery As Stores Reopen
Kathmandu Holdings Limited reported that total Group sales for the 10 months ended May 31 were down 15.1 percent versus the prior-year comp period but retail store and online sales have “generally exceeded management expectations since stores began reopening.
OBIT: Berghaus Co-Founder Gordon Davison
Gordon Davison, the co-founder of the British climbing and mountaineering brand, Berghaus, passed away at the age of 85.
Global Surf Industries Signs Local Manufacturing Agreement
Global Surf Industries has signed with Olivier Gricourt and Delphine Ferran of OGS Surf Glassing in Capbreton, France as the first of its local-production agreements.
PrimaLoft Inks Global License Agreement With Fiberpartner
PrimaLoft, Inc. inked a licensing agreement with Fiberpartner, a global supplier of stapled fibers, technical yarns and plastics. The agreement allows Fiberpartner to develop the use of Primaloft’s PrimaLoft Bio technology in multiple new industries.
2020 Bicycle Leadership Conference Going Virtual
The 2020 Bicycle Leadership Conference (BLC), which had been rescheduled to September 29 – October 1, will move to an online interactive “Virtual BLC” due to COVID-19.
Winnebago Debt Ratings Upgraded Near-Term RV Demand
S&P Global Ratings said it is revising its outlook on the debt ratings of Winnebago Industries to stable from negative. The rating’s agency believes RV demand could grow at least over the next few months as new buyers entering the market offset high unemployment.
PeopleForBikes President Announces Retirement
After 16 years at the helm of PeopleForBikes and four decades working in the bike industry, President Tim Blumenthal has announced his retirement. Jenn Dice, the organization’s COO, will become president and CEO on July 1.
Pocket Outdoor Media Acquires Three Divisions From Active Interest Media
Pocket Outdoor Media (POM), the endurance sports media platform, announced the acquisition of the Healthy Living, Fitness, and Outdoor divisions of Active Interest Media (AIM). Included in the AIM acquisition are: Yoga Journal, SKI, Climbing, Backpacker, Warren Miller Entertainment, Oxygen, IDEA Health and Fitness Association, Clean Eating, Vegetarian Times, Better Nutrition, NatuRx, Muscle & Performance, Nastar, Fly Fishing Film Tour, National Park Trips, and SNEWS.
OIA Commends House Climate Crisis Action Plan
The Outdoor Industry Association (OIA) commended the House of Representatives Select Committee on the Climate Crisis for releasing its action plan to solve the climate crisis. The goal of its roadmap is to “build a prosperous, clean energy economy that values workers, advances environmental justice, and is prepared to meet the challenges of the climate crisis.”
Grand Trunk Under New Ownership
Grand Trunk, the hammock and adventure travel goods business based in Skokie, IL, has been acquired by a team of Utah-based entrepreneurs. Co-founder, Kevin Kaiser will remain with the business moving forward. The new owners include Andy Stroman, founder of the outdoor specialty retailer CampSaver.com, and brothers Bruce and Dale Majors, who previously built and grew Bikewagon.com.
Winnebago To Sell $300 Million In Senior Secured Notes
Winnebago Industries Inc. announced today that it intends to offer $300.0 million in aggregate principal amount of senior secured notes due 2028.
Adidas, Arc’teryx, Vans, Lululemon Join Faceook Boycott
Adidas, Reebok, Lululemon, Arc’teryx and MEC have joined the boycott of Facebook after six civil rights groups called on businesses to stop advertising on Facebook in July to push the social network to do more to combat hate speech and misinformation.
Survey: A Third Of Supply Chain Leaders Exiting China By 2023
A Gartner Inc. survey of 260 global supply chain leaders in February and March 2020 found that 33 percent had moved sourcing and manufacturing activities out of China or plan to do so in the next two to three years. Survey results show that the COVID-19 pandemic is only one of several disruptions that have put global supply chains under pressure.
