Dainese Enters Distribution Deal
Tucker Powersports entered into an exclusive agreement to distribute the Dainese motorcycle product line to its network of powersports dealers in the United States.
Keurig Dr Pepper Acquires Equity Stake In C4 Energy Maker
Keurig Dr Pepper, Inc. is paying $863 million for an approximately 30 percent ownership stake in active nutrition company Nutrabolt, owner of C4 Energy, C4 Pre-Workout and Xtend brands. The companies also have entered into a long-term sales and distribution agreement.
Rocky Brands Appoints Board Member
Rocky Brands, Inc. appointed Dwight Smith as a Class I director on the company’s Board, effective January 1, 2023. Glenn E. Corlett and James L. Stewart have elected to retire as Board of Directors, effective December 31, 2022.
Johnson Outdoors Sees 18 Percent Revenue Growth In Fourth Quarter
Johnson Outdoors, Inc.’s sales jumped 18 percent in the fiscal fourth quarter ended September 30 and profitability improved as supply availability in its core Fishing segment started to improve. Sales in the Watercraft Recreation and Camping segment were down while the Diving segment saw mid-single-digit gains.
Allbirds Announces Promotions Within Executive Leadership Team
Allbirds, Inc. promoted Kate Ridley from chief brand officer to chief brand and product officer, and Benny Joseph, currently chief technology officer, to chief technology and culture officer. Co-CEO Tim Brown expands his role to include leadership of Allbirds’s Innovation Futures team.
Puma Names Chief Product Officer
Puma promoted Maria Valdes to chief product officer and to its Board of Management, effective January 1, 2023. Valdes’ current role is general manager, Puma Sportstyle.
Stio To Open First Mountain Studio In South Lake Tahoe
Stio, the mountain lifestyle brand, headquartered in Jackson Hole, WY, opened its first California storefront in South Lake Tahoe, its second store opening in 2023, and the ninth brick & mortar site.
Puffin Drinkwear Names Interim CEO
Puffin Drinkwear hired Scott Allan as interim CEO, effective immediately. Allan has over 25 years of experience working with growth-stage businesses and product lines.
Vail Resorts Sees 6 Percent Growth In Early Season Pass Results
Vail Resorts Inc. reported EBITDA improved for the first quarter of fiscal 2023 ended October 31, primarily driven by the strong demand and visitation at its Australian resorts. Pass product sales for the North American ski season increased approximately 6 percent in units and approximately 6 percent in sales dollars through December 5.
Johnnie-O Hires Chief Marketing Officer
Johnnie-O hired Norma Delaney to the newly created position of chief marketing officer.
Lululemon Lifts Outlook As Q3 Comps Surge 22 Percent
Lululemon Athletica Inc. again raised its outlook for sales and earnings in the year after reporting third-quarter results that topped guidance. Comparable sales in the quarter jumped 22 percent, or increased 25 percent on a constant dollar basis.
GolfTrainingAids.com Acquires The Putting Arc
GolfTrainingAids.com, the seller of golf teaching and training aids, has acquired The Putting Arc.
Helly Hansen Renews Partnership With Vail Resorts
Vail Resorts and Helly Hansen reported renewing their partnership that provides uniforms to Vail Resorts employees and working mountain professionals.
Burton Launches Online Rental Program
Burton launched an online rental program, following a soft launch in October.
Wolverine To Divest Keds Brand And Leathers Business, Eliminates Jobs
Wolverine World Wide, Inc. reported it started a formal process to divest or license the Keds brand and the Wolverine Leathers business. Timed with the reorganization, WWW announced earlier this week that it was reducing its workforce to support the restructuring.
