SGB Update

Johnson Outdoors Swings to Fiscal Q1 Loss as Sales Fall 22 Percent

All segments declined in double digits, with Fishing posting the biggest decline. Net loss was $15.3 million, or a loss of $1.49 per diluted share, compared to net income of $4.0 million, or 38 cents per diluted share in the prior-year first quarter.

Mondraker USA Appoints U.S. Sales Director

Mariano Gon was appointed U.S. sales director effective February 3, 2025. He has spent 25 years honing his sales and cycling industry expertise, strategic vision and passion to Mondraker’s growing U.S. presence.

Taos Footwear Gets $65 Million Influx, Loans from Investment Firm

Prospect Capital Corp. has provided a first lien senior secured term loan, a first lien senior secured convertible term loan and a preferred equity investment to Taos Footwear Holdings, LLC in collaboration with the company’s founder and leadership team.

Global Defense to Relocate Corporate Headquarters to Coral Springs

The U.S.-based importer, exporter and wholesale distributor specializing in firearms, parts, components, accessories, ammunition, and specialized equipment for commercial, military and law enforcement, will move its corporate headquarters to Coral Springs, FL, effective February 2, 2025.

Yamaha U.S. Marine Business Unit Promotes MD Kabir

Kabir was promoted to division manager, Operational Excellence, Manufacturing Support. In his new role, he leads support for North American Monozukuri (NAM) activities, Monozukuri-Lean Transformation and Continuous Improvement with a focus on profitability for Yamaha U.S. Marine Business Unit.

Turtleson Toasts Grover Walker on Account Exec’s Retirement

Grover Walker has represented Izod Lacoste, Corbin, Bobby Jones, and, most recently, Turtleson over his 50-year career. Turtleson has named Tammy Kaminsky, who joined the company in 2022 with over 30 years of experience representing global brands, to replace Walker.