GSM Outdoors Acquires Phenix Rods
GSM Outdoors reported it acquired Phenix Rods, marking the company’s entry into the fishing rod space.
Crocs Adds Two Board Members
Crocs, Inc. appointed John Replogle and Neeraj Tolmare to its board of directors, effective January 1, 2024. The footwear maker said the appointees “bring new skill sets and extensive brand-building experience in consumer-facing businesses to the Crocs board.”
Golden Goose Aims to Raise $1.1 Million in IPO
Golden Goose is seeking to raise about €1 billion ($1.1 billion) from an Initial Public Offering (IPO) in Milan.
ASBA Appoints New Officers and Directors
The American Sports Builders Association (ASBA) announced its officers and directors for the coming membership year.
VF Corp. Data Breach Impacting Ability to Ship Orders
The company detected a cybersecurity breach in its systems on December 13 that is “reasonably likely to continue to have a material impact on the company’s business operations,” including its ability to fulfill online orders.
Boxto Adds Seven Indie Golf Sales Reps Across U.S.
The manufacturer of leather golf shoes and belts in Leon, Mexico, said in a release “that all of the new reps have decades of industry experience and deep connections with buyers ranging from green grass shops to big box retailers.”
Jordan Brand President Joins Albertsons Board
Albertsons Companies, Inc. reported that Sarah Mensah, president of the Jordan Brand for Nike, Inc., had joined the supermarket chain’s Board of Directors.
Shoe Carnival Sets $50 Million Share Buyback Program
Shoe Carnival, Inc.’s Board of Directors authorized a new share repurchase program for up to $50 million of its outstanding common stock, effective January 1, 2024.
Coliseum Capital Co-Founder Joins Gildan Board; Firm Plans Further Investment
After a week of turmoil at Gildan Activewear Inc. with the ouster of company Founder and CEO Tom Chamandy, and pushback from at least two large investors, Gildan found support elsewhere on Monday, announcing a support agreement with Coliseum Capital Management, LLC.
Alpha Silencer Appoints New VP of Sales
Cody Bennion is expected to aggressively grow market share, revenue, distribution channels, and dealer satisfaction for the company’s titanium suppressors
Savage Arms Appoints New CEO as Al Kaspar Retires
Al Kasper, who has led the company for over a decade, will retire December 31, 2023. Chris Bezzina will take over as president and CEO effective December 31, 2023. Bezzina joined Savage in 2007.
Wolverine Transforming Saucony and Merrell Model in China; Sells Asia Leathers Business
Wolverine World Wide, Inc. said it plans to shift its Merrell and Saucony businesses in China from a joint venture model with with Xtep to a license and distribution rights model. It also agreed it sell its Asia-based Wolverine Leathers business. Both actions are expected to simplify Wolvderine’s business model and generate $70 million in proceeds.
Report: Sycamore Partners Exploring Bid For Macy’s
Private equity firm Sycamore Partners is reportedly eyeing making a bid for Macy’s, Inc., according WWD. The speculation comes after the Wall Street Journal, on December 12, reported that Arkhouse Management and Brigade Capital Management made a $21 a share, or $5.8 billion, offer for the department store chain.
Yeezy Hires Head of Design
Kanye West’s fashion brand Yeezy hired Russian designer and former Adidas collaborator Gosha Rubchinskiy as head of design.
GT Golf Acquires ProActive Sports Group
GT Golf Supplies, Inc., a wholesale golf distributor, reported acquiring the ProActive Sports Group, based in Canby, OR.
