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.
Continental Tire Names QBP Preferred N.A. Distributor; Implements MAP
Continental Tire named Quality Bicycle Products its preferred distributor in the U.S. and Canada, making its products more accessible to more retailers.
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.
Fleet Feet Rings the Bell on Wooster, OH Store Grand Opening
Fleet Feet, the largest franchisor of specialty run stores, officially announced its Wooster, OH store, which opened in late July, will host a grand opening.
Steven Madden Closes on Acquisition of Almost Famous
Steven Madden, Ltd. has completed the acquisition of privately-held Almost Famous, a designer and marketer of women’s apparel.
Academy Sports Names Sam Johnson President as Mullican Departs
The retailer announced that Michael Mullican is stepping down as president to pursue personal and professional opportunities. Sam Johnson, EVP of retail operations, is his successor, effective immediately.
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.
The Levy Group Launching Ben Sherman Golf, Dakine Performance Apparel
The Levy Group inked agreements with Marquee Brands to license active apparel for the Ben Sherman brand and outdoor performance apparel for the Dakine brand for 2024.
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.
Suunto Adds Another Sales Agency to Rep Brand in U.S.
Dan Suher, now head of Americas for Suunto, announced last week the addition of Round Pond Sales Group led by Kyle Rohne and Ian Wauchope to represent Suunto in New England.
Trail Creek Outfitters Sold to Kyle and Brett Havertine
Trail Creek Outfitters, with two stores in Glen Mills and Kennett Square, PA, respectively, formally announced that Ed Camelli, co-founder, and Joanne Havertine, co-owner and wife of deceased co-founder Brian Havertine, have sold the business to her sons Kyle and Brett Havertine.
