SGB Update Outdoor
CODI To Acquire BOA Technology
Compass Diversified (CODI) entered into a definitive agreement to acquire BOA Technology Inc. (BOA), manufacturer of the Boa Fit System for $454 million. The purchase price excludes working capital and certain other adjustments upon closing.
Vail Resorts And PepsiCo Renew + Expand Distribution; Sustainability Initiative
Vail Resorts and PepsiCo announced an expansion of their longstanding partnership, including a significant investment annually in projects that support Commitment to Zero, Vail Resorts’ sustainability pledge.
Dick’s SG Appoints Two Board Members
Dick’s Sporting Goods Inc. announced it has appointed Sandeep Mathrani, the chief executive officer of WeWork, and Desiree Ralls-Morrison, the senior vice president, general counsel and corporate secretary at Boston Scientific Corporation, to the company’s board of directors.
Brixton To Open Store In Encinitas
Brixton, best known for its headwear, plans to open a 1,000 square-foot store in Encinitas, CA in November.
U.S. Senate Unanimously Passes America’s Conservation Enhancement Act
The U.S. Senate on September 16 passed by unanimous consent S. 3051, America’s Conservation Enhancement (ACE) Act. This major package of natural resource management and conservation provisions now moves to the U.S. House of Representatives, where a vote is expected as soon as this week, according to the American Sportfishing Association (ASA).
Hydro Flask Sponsors USA Surfing
Hydro Flask announced a multi-year sponsorship with USA Surfing supporting its athletes in domestic and international competitions including the USA Surfing Championships and the sport’s debut at the 2021 Olympic Games in Tokyo.
Bollé Brands Appoints President Of Sport And Luxury Division
Bollé Brands hired François Benaben, former VP for Rossignol Group for Europe, Asia and the Southern Hemisphere, as president of its Sport and Luxury business.
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.
