SGB Update

Cressi-sub Buoyancy Compensator Recall

Cressi-sub S.p.A., of Genoa, Italy has recalled approximately 1,000 Cressi-sub Buoyancy Compensators because a slow leak from the shoulder exhaust caused by expansion of the internal cable housing could result in slow deflation. This could impact the dive

No Snow. No Hockey. Forzani Forced to Look at Other Options…

The combination of warm winter weather in B.C. and Alberta during critical parts of the selling season, the NHL lockout, and heavy price competition in Ontario caused Forzani to fire off a warning flare to investors. The company reported un-audited sales

Head USA Diving Computer Recall…

Head USA has recalled about 181 SCUBA diving computers. The recall includes the ‘Dacor Darwin Air dive’ computer with serial numbers 3265 through 3415, and the ‘Dacor Darwin Console dive’ computer with serial numbers 8503 through 8592. The computers were

Huffy Replaces Independent Auditor…

Following efforts by its unsecured creditors to block Huffy’s retention of KPMG, LLP as its independent auditor (see BOSS 0504 & 0506), Huffy has retained Marcum & Kliegman LLP. This new firm has been approved by the bankruptcy court and the Audit Committ

There’s Still a Little Magic Left in Trade Shows…

After spending most of the last two months in an airplane or at trade shows (and far too much time in Las Vegas), it only seemed appropriate for Sports Executive Weekly to take an overall look at the market for 2005 and offer up a humble assessment of the

Cannondale Seat Post Recall

Cannondale Bicycle Corp. has announced the recall of roughly 1,480 ‘1-X’ bicycle suspension seat posts that were installed on various 2005 model year Cannondale brand bicycles. The recall involves Lee Chi model 1-X bicycle suspension seat posts. Lee Chi i

OIA Redoubles Efforts to Help Protect Recreation Areas…

As the climate for public policy and environmental issues heats up, Outdoor Industry Association (OIA) has fired up its commitment and efforts to protect the pristine lands and waterways that are the lifeblood of the outdoor industry—the outdoors themselv

Ed Andrew Returns to NiteRider as New CEO

Ed Andrew, who was President of NiteRider from January 1996 to December 1999, has returned to the company as the new CEO. Ed left the company on very good terms in 1999 to help launch a small start-up company with a product concept, a small amount of set-

Friedrichshafen OutDoor Show On-Track to Break Records

OutDoor 2005 which takes place from the 21st to the 24th July at the Friedrichshafen showground will break all records in the show’s twelve year history. By February 2005, 360 companies had pre-booked exhibition space which is a 64% increase on last years

Ruff Wear Expands U.S. Sales Force

Ruff Wear is expanding its sales force in North America to meet the needs of customers in both the outdoor retail and specialty pet markets. The new sales representatives augment the sales force currently in place in the US. Fifteen independent sales repr

Apax Partners and SKM Form $1.8 billion U.S. Private Equity Fund

Apax Partners Worldwide LLP is merging its U.S. firm Apax Partners, Inc. with Saunders Karp & Megrue (SKM). As part of the merger, John F. Megrue and Allan W. Karp of SKM have been named co-CEOs of Apax Partners, Inc., and will become members of Apax Par

Mountain Hardwear Names New Marketing Director

Mountain Hardwear announced that Phyllis Grove has been named to the position of Marketing Director. Grove will oversee marketing efforts for the company including strategy, branding, advertising, web, retailer coop programs, consumer and trade promotions

KIVA Hires New CFO; New Director of International Sales and Marketing

Kiva Designs, Inc. announced that Jeff Kohr will join the company in the Summer of 2005 as CFO. Tom Koenig and Magi Raible, Founders of Kiva, stated that: “Our outlook for the future is very positive and Jeff will be a great addition to the Kiva team. H

Unifi Sells Irish Facilities for $37 million

Unifi has entered into three separate contracts that provide for the sale of substantially all of the plant, property and equipment associated with the Company's European manufacturing operations, which ceased October 31, 2004…

W.L. Gore Signs on as SIS Sponsor

W.L. Gore & Associates has signed on as a gold sponsor for the second annual Snow Industry Summit scheduled to be held March 29 – April 1, 2005, at Copper Mountain Resort, CO. It is the second year that Gore has sponsored the industry gathering…