SGB Update

Yamaha U.S. Marine Business Unit Rebrands Kracor Division; Names GM

Yamaha U.S. Marine Business Unit has renamed Kracor, a Yamaha Marine Systems Company, Inc. (YMSC) division, to Yamaha Marine Rotational Molders and is officially doing business under the new name. The company named John G. Augustiniak as the general manager.

Jones Snowboards Expands Re-Up Recycling Program

The company is expanding its Re-Up recycling program, launched in 2023, to include snowboard trade-in and resale. Snowboarders who trade in used Jones boards will receive a credit to purchase a new one with free shipping.

Astral Appoints Head of B2B Sales

As head of B2B Sales, Christian Mason will strengthen long-term relationships with key partners for Astral and optimize sales performance across all branded product.

Life Time’s Debt Outlook Upgraded on Proposed Loan

Moody’s Ratings changed its debt rating outlook on Life Time to positive from stable as the fitness club operator continues to reduce leverage through earnings growth and debt repayment. The change largely reflects Life Time’s proposed $1 billion senior secured first lien term loan due 2031.

Beyond Yoga Parent, Levi Strauss, Appoints Board Member

Levi Strauss & Co. announced today that its board of directors has elected Daniel Geballe as a board member, effective April 26, 2025. At that time, current member David Friedman will retire from the board.

Life Time Group Sees Q3 Net Income Surge in Preliminary Report

Total third quarter revenue is estimated to be $693.2 million, an increase of 18.5 percent over the prior-year third quarter. Adjusted net income is estimated to be $56.3 million, an increase of 110.9 percent over the prior year quarter.

Barrett Firearms Appoints Director of U.S. Government Sales

The company said Fraser has over two decades of experience in strategic international collaborations, project management and defense operations, having served in the Australian Army and, most recently, the U.S. Army HQ G8 Branch.