SGB Update Outdoor

Outdoor Retailer Shifts To Three-Day Shows For 2019

Outdoor Retailer on Wednesday announced that all three shows in 2019 will now span three days. Dates for Summer Market in June and Winter Market in November will be adjusted down from four days, while January’s Snow Show remains three days as scheduled. All three shows will be held at the Colorado Convention Center in Denver.

Marquee Brands Acquires Dakine

Marquee Brands LLC announced that it has acquired the Dakine brand and all related intellectual property. In conjunction with the acquisition, Marquee Brands has entered into a long-term license agreement with JR286, which has acquired the operating assets of Dakine and will become Marquee Brands’ long-term operating partner for the brand.

ISA TanTec Progresses With The Expansion Of Existing Saigon Facility

Following the recent opening of its Saigon Showroom, ISA TanTec, an international eco-friendly leather manufacturer, reports on the progress of the further expansion of its existing tannery Saigon TanTec in Binh Duong province in order to meet the growing demand for its eco-friendly LITE leather.

Newell Brands Announces Tender Offers For $1.5 Billion Of Outstanding Debt

Newell Brands Inc. commenced debt tender offers to purchase for cash of $1.5 billion in debt. The company expects to fund the tender offers with the proceeds from divestitures under the company’s Accelerated Transformation Plan (including the divestitures of the Pure Fishing and Jostens businesses, if consummated), together with available cash on hand.

Moody’s Affirms Vista Outdoor’s Debt Ratings

Moody’s Investors Service affirmed all ratings for Vista Outdoor Inc. following the company’s refinancing its unrated credit facility. The rating outlook remains negative.

The Conservation Alliance Announces New Board Member

The Conservation Alliance board elected Strick Walker, chief marketing officer at Merrell, to serve on the organization’s board of directors. Walker was elected by the board of directors to fill a vacancy left by Chaco President Seth Cobb.

OIA Welcomes Tariff Hike Delay

Said Amy Roberts, executive director of Outdoor Industry Association. “OIA will continue to press the case that thousands of large and small retailers and manufacturers of outdoor products play a significant role in bolstering the U.S. economy and that U.S. trade policies should serve to help them continue to innovate and prosper.” 

Performance Bicycle To Liquidate All Doors

Performance Bicycle in an amended bankruptcy filing said Gordon Brothers, which was initially to liquidate 40 Performance Bicycle stores, has been retained to liquidate the chain’s remaining 62 stores. The chain’s owner indicated stores may be reopening as part of the restructuring.