SGB Update

Tennis Warehouse Acquires Swetka’s Tennis Shop

Tennis Warehouse, the tennis retailer based in Luis Obispo, CA, reported that it recently acquired Swetka’s Tennis Shop in Mountain View, CA, a fixture in the Bay Area tennis community for over 50 years.

Vista Outdoor Removed from S&P CreditWatch After Ammo Business Sale

S&P Global Ratings removed the debt ratings of Vista Outdoor, Inc. from CreditWatch with negative implications following the company’s announcement that it planned to sell its sporting products business to Czechoslovak Group A.S for $1.91 billion on a cash-free, debt-free basis. 

Vail Resorts Reports Departure of Chief Marketing Officer

Ryan Bennett’s departure, which Vail said would be treated as an involuntary separation under the company’s executive severance policy, and the company expect to enter into a Severance Agreement and General Release with the now former CMO.

Topgolf Sets Opening Date for Memphis Location

Topgolf reported it will open a new venue in Memphis, TN, on October 27 about 20 minutes from downtown.  This is the sports entertainment company’s fourth in the state, with other venues in Nashville, Chattanooga and Knoxville.

Vista Outdoor Hires General Counsel for Revelyst

Vista Outdoor, Inc. has hired Jung Choi as general counsel and corporate secretary for Revelyst, its Outdoor Products business, following the announced spin-off of its Outdoor Products segment into a standalone public company.

Report: September Golf Equipment Sales Up Again

Golf Datatech reported that golf equipment sales posted a back-to-back increase in on- and off-course specialty stores in September after experiencing 11 consecutive months of contracting sales through July.

Camping World to Acquire Travelcamp RV

Camping World Holdings Inc. announced that it has agreed to acquire Travelcamp RV, which operates 12 locations across Florida, Georgia, North Carolina, South Carolina, and Texas.

Apex Shooting Range Opens in Fort Lauderdale

Apex Shooting Center opened a 20,000-square-foot shooting range in Fort Lauderdale, FL, offering firearms, optics, accessories, ammo, and a retail firearm’s store.

Tyr Sport Opens Store In Long Island

Tyr Sport, the swimwear manufacturer, opened its first retail store at Roosevelt Field in Garden City, NY, with plans to open a second store in Costa Mesa, CA.