KT Tape Rebrands To KT
KT Tape has shortened its name to KT as part of a rebrand that features a new logo, visual identity, packaging, website, and the launch of its brand campaign, “Crush Every Moment.”
Bealls Rebrands Retail Portfolio
Bealls, Inc. reported that its 600 Bealls Outlet and Burkes Outlet locations in 23 states are consolidating under one name to become bealls (with a lowercase “b”).
Marucci Sports Acquires Baum Bat
Marucci Sports, LLC, a subsidiary of Compass Diversified, acquired Baum Enterprises, LLC, a designer and manufacturer of composite wood bats. Terms were not disclosed.
Open Cycle Recalls Certain Branded Bikes And Framesets
Open Cycle AG recalled Open Cycle-branded bicycles, models U.P. Ekar, Upper Ekar, Wide Ekar, Mind Ekar, and all Open Cycle framesets using a Campagnolo hydraulic rear disc brake. The rear brake could fail, posing a crash hazard.
Cannondale Recalls Tesoro Neo X Speed E-Bikes
Cycling Sports Group recalled certain Cannondale Tesoro Neo X Speed e-bikes in cooperation with the U.S. Consumer Product Safety Commission. The hand brakes do not meet U.S. safety standards—they do meet European safety standards, but those are reversed from the U.S. safety standards, posing fall and injury hazards to the riders.
Boardriders, Inc.’s Debt Ratings Upgrade Report Reveals ABG Deal Priced At $1.25 Billion
Moody’s Investors Service placed Boardriders, Inc.’s debt ratings on review for upgrade following the announcement that Authentic Brands Group (ABG) has made a binding offer to acquire the company. The report revealed the purchase price is approximately $1.25 billion.
Study: Mercury Marine Has $5.4 Billion Annual Impact On Fond du Lac, WI Area
According to a new study conducted by Envision Greater Fond du Lac, Mercury Marine (a division of Brunswick Corporation), headquartered in Fond du Lac, has a $5.4 billion annual economic impact on the local Fond du Lac community – an increase of almost 10 percent from just three years ago.
PXG Opens Location In Kansas City
PXG opened its first Kansas City-based retail and fitting studio in Overland Park.
Stretch Zone Secures Equity Partner
Stretch Zone, recently surpassing 250 locations, received an investment from Princeton Equity Group to support the expansion of its national footprint and client growth.
Gared Holdings Announces New CEO And Promotion
Gared Holdings, LLC hired Marcus Johnson as chief executive officer succeeding Kevin Hinkamper, effective immediately. Don Carle was promoted to chief revenue officer of Gared Holdings and president of Gared, Gared International and PSS divisions of Gared Holdings.
Vista Outdoor To Close Bell/Giro HQ As Outdoor Businesses Merge; Appoints Sporting Products CEO
In a regulatory filing, Vista Outdoor announced an over $50 million cost reduction and earnings improvement program, including closing Bell/Giro headquarters in Scotts Valley, CA, spending cuts, EBIT improvements, and headcount reductions across brands and corporate teams. Jason Vanderbrink was promoted to CEO of Sporting Products.
Blue Ridge Chair Works Hires Head Craftsman
Blue Ridge Chair Works, a portable outdoor furniture manufacturer, hired Colin Buxton as a head craftsman who is also tasked with introducing a brand refresh.
Blizzard-Tecnica Hires Business Unit Director For North America
Blizzard-Tecnica hired ski industry veteran Topher Plimpton as the business unit director for North America for the U.S. and Canadian markets.
Sportstats World Acquired By Investment Group Led By Employee
Sportstats World completed its internal sale to an investment group led by the Director of Operations and lead timer A.J. Mousseau and Grand Rapids, MI, based Carbon River Capital.
FitFlop Secures $30 Million To Fund Growth
FitFlop secured a five-year $30 million revolving credit facility from London-based Aurelius Finance Company, an independent secured lender providing asset-based financing solutions to the UK and European companies to support long-term growth.
