SGB Update Outdoor
Milliken To Acquire Borchers
Milliken & Company, which acquired Polartec in June 2019, signed an agreement to acquire Borchers Group Limited, a specialty chemicals company known for its coating additives and specialty catalyst solutions.
Tough Mudder Consents To Bankruptcy Proceedings
The majority shareholder of Tough Mudder, Will Dean, and the endurance event’s board of directors have consented to bankruptcy proceedings for the company as well as a sale to Spartan Race.
CODI’s Debt Ratings Upgraded
The corporate family debt ratings of the parent of 5.11 Tactical, Velocity Outdoor and Liberty Safe were upgraded to Ba3 from B1 and the probability of default rating (PDR) lowered to Ba3-PD from B1-PD.
National Geographic Celebrates 50th Anniversary of Earth Day With Two World Premiere Specials
National Geographic plans to celebrate the 50th anniversary of Earth Day on April 22 with two primetime global specials: Born Wild: Earth Day Live and Jane Goodall: The Hope.
Vail Resorts Seeing Total Skier Visits Decline
Vail Resorts Inc. reported season-to-date total skier visits were down 7.8 percent compared to the prior year season-to-date period. The company continues to expect EBITDA for fiscal year 2020 to be within past guidance given strong season pass sales and the recently improved conditions at Whistler Blackcomb and Stevens Pass.
Emerald Expositions Appoints CFO
Emerald Expositions Events Inc., the parent of Surf Expo, Outdoor Retailer and other trade shows, announced that David Doft will become its chief financial officer.
Industry Groups Welcome USMCA Trade Deal Signing
OIA, NRF, AAFA and FDRA were among the trade associations that welcomed Thursday’s Senate passage of the U.S.-Mexico-Canada (USMCA) Agreement.
Canadian Tire Appoints CFO And New Leader Of Banking Unit
Canadian Tire Corporation Limited announced two senior executive appointments: Gregory Craig as executive vice-president and chief financial officer (CFO), CTC; and Mahes Wickramasinghe as president, Canadian Tire Financial Services (CTFS) and president and CEO, Canadian Tire Bank.
Rates Keep Rising At Western Mountain Resorts
Generous snowfall and good slope conditions throughout most of the U.S. western resorts along with less than ideal conditions in other regions is helping to buoy lodging rates even as occupancy figures continue to slip, according to DestiMetrics’ monthly Market Briefing from Inntopia.
Jim Pisani Steps Down As Timberland’s President
VF Corporation announced that Jim Pisani has decided to step down from his role as global brand president, Timberland. He plans to move to the Midwest U.S. to be closer to his family.
AKU Appoints VP Sales And Marketing In USA
Italian footwear brand AKU announced that Canice Harte will join the AKU Outdoor company, serving as the vice president of sales & marketing in the U.S. Harte has worked for Nathan Sports, Waterbox, Salomon, Patagonia and The North Face.
Dick’s Closes Location In Plainville, CT
Dick’s Sporting Goods has closed its location in Plainville in Connecticut.
Lululemon Appoints Nikki Neuburger Chief Brand Officer
Lululemon Athletica Inc. appointed Nikki Neuburger as chief brand officer, effective January 20. She was most recently global head of marketing for Uber Eats. Previously, Neuburger spent 14 years at Nike, most recently serving as the company’s global vice president of Nike Running.
Boardriders Announces Australia Bushfire Relief Efforts
Boardriders Inc., the parent of Billabong, Roxy, Quiksilver, DC Shoes, RVCA and Element, announced that it is launching a multi-prong relief effort to support communities impacted by the Australia bushfire crisis.
Hadley Development Acquires Muddy Girl
Hadley Development has acquired the intellectual property of Sirphis LLC, including Muddy Girl, Lifestyle Camo, Pulse, and Grit House.
