SGB Update

Snow Peak to open first U.S. Campground

Snow Peak Long Beach Campfield, an extension of Japanese camping brand Snow Peak, will open in early 2024 as the brand’s first campground in the U.S.

Delta Apparel Settles with Activist Investor

Delta Apparel, Inc. agreed to appoint Timothy Brog as a new independent director to its board in a move that avoids a proxy battle with Forager Capital Management, an Alabama-based hedge fund management firm. 

KOA Survey Points to Interest in Winter Camping

Kampgrounds of America, Inc.’s Monthly Report for December 2023 found that approximately 33 percent of campers plan to camp in winter and 58 percent showed some interest, marking a shift toward embracing the outdoors during the colder months.

PrimaLoft Promotes Cavassa to CEO, Joyce to Retire

Compass Diversified appointed Anne Cavassa as CEO of its subsidiary, PrimaLoft Inc., effective January 1, 2024. This move follows Cavassa’s recent appointment as president and as former president and CEO, Mike Joyce, steps into retirement at year end.

Peloton Appoints New Board Member

Peloton announced the appointment of Chris Bruzzo, formerly a top executive at Electronic Arts, to its board of directors. Current Board member Jonathan Mildenhall will simultaneously step down from the board to focus on his expanding professional responsibilities.

RW Designs Acquired by Platinum Equity

Rainbow West Apparel (RW Designs), a private label house, was acquired by Platinum Equity portfolio company Hop Lun, a Hong Kong-based designer and manufacturer of undergarments and swimwear.

SFIA names Chief Operating Officer 

The Sports & Fitness Industry Association hired Glenn Horine as chief operating officer, effective January 1, 2024, reporting to SFIA president and CEO Tom Cove. 

Asics Sells Haglöfs to PE Firm

Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed.

Nordstrom Rack to Open Store in Omaha

Nordstrom announced plans to open a new Nordstrom Rack in Omaha, NB in fall 2024, representing the company’s first store of any kind in Nebraska.

Plae Hires Chief Brand Officer

Plae, the maker of  gym flooring and exercise equipment, hired former The North Face VP Mike Ferris as chief brand officer.