SGB Update Outdoor
Newell Brands Shareholder Letter Claims Starboard Has “No Plan”
Newell Brands’ board of directors mailed a letter to the company’s shareholders on April 6 arguing that activist investor Starboard doesn’t understand the company and “has no plan.”
Decathlon Launches First U.S. Lab Store In San Francisco
Decathlon USA hosted the company’s official grand opening event at its new U.S. lab store in San Francisco.
Trump Proposes $100 Billion In New Tariffs On Chinese Goods
President Donald Trump threatened to slap an additional $100 billion in tariffs on Chinese goods. In response, China warned it would fight back “at any cost” with fresh trade measures if the U.S. continues on its path of protectionism.
Tailwind Nutrition Receives Informed-Choice Finished Product Certification
Tailwind Nutrition’s original endurance fuel received the Informed-Choice Finished Product Certification, a standard demonstrating the highest level of quality assurance available to the sports supplement industry.
Bigtruck Earns B Corp. Status
Bigtruck, the headwear firm, earned the B Corp Certification from non-profit B Lab, joining the global movement of businesses inspiring all businesses to compete not only to be the best in the world but to be the best for the world.
LifeSaver Appoints PR Agency Darby Communications
LifeSaver, a UK-based manufacturer of portable and reusable water filtration systems, has hired public relations firm Darby Communications.
Kitbow Cycling Apparel Appoints Blum and Herrick To The Board
Industry veterans Paul Blum and Andrew Herrick have joined the board of privately-held Kitsbow Cycling Apparel.
Elan Skis Supports Brand Growth With New U.S. Subsidiary
Elan Skis, the Slovenian-based legacy supplier of handcrafted skis, announced the new formation of Elan Sports USA, an independent subsidiary of Elan d.o.o., effective immediately, under the leadership of Gary Fleming as president.
REI Co-op To Open In Kalispell, MT
This fall, REI will open a new store in Kalispell in Montana, the third store in the state.
Squaw Valley Alpine Meadows Continues S.W.A.G. Partnership
Squaw Valley Alpine Meadows plans to continue its partnership with the National Ski Areas Association’s winter gear collection program, Sharing Warmth Around the Globe (S.W.A.G.).
Starboard To Continue Proxy Fight Against Newell Brands
Starboard Value LP, the activist hedge fund seeking to replace Newell Brands’ board, plans to press ahead with a proxy fight at Newell Brands Inc. despite the company giving billionaire investor Carl Icahn four board seats, according to a regulatory filing.
OIA Issues Statement On China Tariffs
The Outdoor Industry Association (OIA) said that while apparel, footwear and travel goods were not included on the United States Trade Representative’s initial list of products from China subject to higher tariffs, the organization will will continue to make the case that outdoor products should not be included on the final list.
VF Corp. Completes Acquisition Of Icebreaker
VF Corp. has completed the company’s previously-announced acquisition of Icebreaker Holdings, Ltd., a privately-held company based in Auckland, New Zealand. The purchase price was about $200 million.
Apparel And Footwear Spared From China Tariff List
The Office of the U.S. Trade Representative released its list of about 1,300 Chinese exports – worth about $50 billion annually – that it intends to target with 25 percent tariffs. The list doesn’t target apparel and footwear products directly, but it does include the machinery and tools used to produce those products.
Toyota To Carry Yakima Accessories In Dealerships Nationwide
Under a new partnership, Yakima’s vehicle racks, bike, ski and boat mounts, cargo boxes, and other cargo management accessories will be sold in participating Toyota dealers nationwide.
