SGB Update Outdoor
Duluth Trading’s Q3 Sales Expanded 27 Percent
Duluth Holdings Inc., the parent of Duluth Trading, reported a wider loss in the third quarter but they were in line with expectations. Sales grew 27.4 percent.
Amer Close To Signing Anta Merger Deal
Amer Sports is in final negotiations regarding a merger with a consortium led by China’s Anta Sports, according to reports from Reuters and Bloomberg.
VF Corp. Announces Name For Jeanswear Spinoff
VF Corporation announced that Kontoor Brands, Inc. will be the name of the independent, publicly traded company that will result from its previously announced separation of VF’s Jeanswear organization.
VF Corp To Open London Office
VF Corporation will open a new office in the heart of London’s Soho next Spring to help fuel growth in the U.K. market.
Mountain Khakis Promotes Victoria Payne To CFO
Mountain Khaki announced the recent promotion of Victoria Payne to CFO and vice president. Payne will lead all Mountain Khakis’ finance and operations activities.
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.
Johnson Outdoors Names William D. Perez To Board
Johnson Outdoors Inc. announced the appointment of William D. Perez as an independent director effective December 4, 2018.
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.
Roka Presents Strava Cycling Challenge
Roka Sports Inc., best known for its performance eyewear, announce its first Strava Challenge, the Roka Dirty 30.
GoPro Has Strong Black Friday And Cyber Monday
GoPro Inc. announced that the company enjoyed strong sell-through of its three-camera HERO7 lineup during the Black Friday and Cyber Monday period.
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.
Ascent360 Heads into 2019 With An Investment Boost
Ascent360, a Golden-CO based software company with a focus outdoor-related companies, announced it has secured a Series A venture capital investment totaling $4.1 million.
