SGB Update Outdoor
RECALL: O’Brien Watersports Water Skis
About 3,560 units of Performer Pro Combo water skis from O’Brien Watersports are being recalled.
Amer To Sell Mavic To Regent
Amer Sports has entered in an exclusivity period with Regent, a U.S.-based global private equity firm, for the sale of the shares and related cycling business of Mavic S.A.S.
VF Corp Appoints Veronica Wu To Board
The board of directors of VF Corporation elected Silicon Valley venture capitalist Veronica Wu as a director, effective March 12, 2019.
Newell Brands CEO To Retire At End Of Second Quarter
Newell Brands announced that President and CEO Michael Polk will retire at the end of the second quarter.
Leki Welcomes Ultra Runner Xavier Thevenard As Brand Ambassador
Leki, a leader in skiing, trekking and trail running poles, announced they have signed a two-year agreement with elite trail runner Xavier Thevenard to represent the brand and use Leki trail running poles exclusively for training and during competition.
LEM Helmets Welcomes Jay Petervary To Ambassador Team
LEM Helmets, manufacturer of cycling helmets, welcomed Jay Petervary to its growing ambassador team. Petervary – AKA JayP – brings more than 25 years of experience and accomplishments in ultra-endurance and adventure racing to the LEM team.
Dorel Sports’ Q4 Sales Slip
Dorel Industries Inc. reported fourth quarter revenue in its Dorel Sports segment declined 1.7 percent, to $232.7 million from $236.8 million last year but grew by approximately 2.6 percent after excluding the negative impact of varying foreign exchange rates year-over-year and the divestments of the Sugoi and Sombrio brands in the second quarter of 2018.
Safilo’s Losses Narrow In 2018
Safilo Group S.p.A., the parent of the Smith eyewear brand, reported an improved loss on an adjusted basis in 2018 due to cost savings. Sales were down 4.0 percent on a currency-neutral basis.
The North Face To Sponsor Mountainfilm
Mountainfilm, the documentary film festival held every Memorial Day weekend in Telluride, CO, announced The North Face as its new presenting sponsor.
RECALL: Igloo Marine Elite Coolers
Igloo is voluntarily recalling some of its Marine Elite coolers. The company said it’s possible that the stainless-steel latch could, inadvertently close where a person could potentially become locked inside.
Calgary Secures Exclusive Canadian Rights To Host X Games
Calgary has secured the exclusive Canadian rights to host X Games for a minimum three-year run. Past host cities include Aspen, Shanghai, Oslo and Sydney.
Thru-Hike Syndicate Kicks Off Sixth Season
Vasque announced its roster of ambassadors for the Thru-Hike Syndicate’s 2019 season. The Thru-Hike Syndicate is supported by Vasque, Osprey Packs, NEMO Equipment, Leki Trekking Poles and Darn Tough Vermont.
Hammerhead Secures $4.1 million In Funding
Hammerhead, maker of the Karoo cycling computer, has closed a $4.1 million seed plus round, led by Primary Venture Partners and KB Partners. Also participating were Courtside Ventures, Maveron, Robin Thurston, the co-founder of MapMyFitness and previously Chief Digital Officer at Under Armour, and Andy Ording, the CEO of Zipp.
Sun & Ski Sports To Hold Demo Event In Colorado
Sun & Ski Sports will be holding Ride the Future event at its store in Dillon, CO to enable consumers to demo 2020 ski and snowboard products.
Accell Group Sees Growth Accelerate In 2018 Second Half
Accell Group N.V., the leading European bicycle company with brands such as Haibike, Koga, Batavus and Raleigh, announced that its ‘Lead Global. Win Local’ strategy is starting to pay off in its core markets (excluding North America). Growth in the second half of 2018 accelerated to 10.4 percent, bringing FY core turnover growth to 6.1 percent.
