SGB Update Outdoor

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.

RILA Encouraged By Path Forward With China On Trade

Retail Industry Leaders Association’s vice president for international trade, Hun Quach, issued a statement following President Donald Trump’s meeting with Chinese President Xi Jinping during the G20 meeting in Argentina.

Lowa To Appoint Alexander Nicolai CEO

Lowa said that effective January 1, 2019, Alexander Nicolai will assume leadership of the Lowa’s operative business activities as the new chief executive officer. After heading Lowa for more than 25 years, Werner Riethmann will gradually begin to withdraw from daily business operations next year.