Gathr Outdoors Acquires WaterPort
Gathr Outdoors announced its acquisition of Vista, CA.-based WaterPort, a maker of water tanks for cleaning and rinsing camp shower equipment.
Kohl’s, Franchise Group Enter Exclusive Negotiations Over Sale
Kohl’s Corp. reported that it’s in exclusive talks with the Franchise Group over a possible $8 billion takeover.
StockX Calls Nike Suit “Anticompetitive” Attempt To Stifle Resale Market
Sneaker marketplace StockX fired back Monday against Nike Inc’s claims that it sold counterfeit Nike shoes, telling a Manhattan federal court that the sneaker giant had previously praised StockX’s efforts to weed out fakes.
ZT Corporate Acquires Baseball Nation
ZT Corporate, a Houston-based private equity firm, announced the acquisition of Baseball Nation, a baseball organization that hosts training, multiple leagues and tournaments at its North Texas facilities.
Peloton Appoints CFO
Peloton Interactive, Inc. announced it had appointed Liz Coddington as chief financial officer, effective June 13, 2022.
Compass Diversified To Acquire PrimaLoft
Compass Diversified (CODI) has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft Inc., for an enterprise value of $530 million.
RYU Appoints New CFO
RYU Apparel has hired Robert Lelovic as chief financial officer.
PLAE Appoints Director Of Product Innovation
PLAE, the fitness equipment maker based in Canton, GA, hired Roy Simonson as director of product innovation.
REI To Open Third Location In South Carolina
REI Co-op will open a new store in Mount Pleasant, SC in fall 2022.
Amazon Officially Opens New Tech Hub In Boston
Last Friday, Amazon and Massachusetts Governor Charlie Baker, Lieutenant Governor Karyn Polito, and developer WS Development officially opened its Boston Tech Hub. More than 2,000 employees will work at the facility.
Walther Manufacturing Appoints CEO
Walther Manufacturing, Inc. has hired Thomas Goike as president and CEO. The company’s President and CEO, Adam Blalock, has transitioned to Chairman of the Board for Walther Arms, Inc. and Umarex USA, Inc.
Moody’s Lowers Wolverine’s Debt Outlook
Following a similar move by S&P Global Ratings, Moody’s Investors Service changed Wolverine World Wide, Inc.’s outlook to negative from stable.
Two Bidders Seek Discount Price To Acquire Kohl’s
Private equity chain Sycamore Partners and retail conglomerate Franchise Group have submitted bids to acquire Kohl’s, sources told the Wall Street Journal. Both offers were well below amounts the company turned down earlier this year.
Amazon Consumer CEO Resigns
Amazon’s consumer CEO, Dave Clark, will leave the company next month, the e-commerce giant announced in a blog post Friday and reflected in a regulatory filing.
Skeeter Products SVP To Oversee G3 Boats
Yamaha U.S. Marine Business Unit announced that Jeff Stone, senior vice president, Skeeter Products, Inc., will now oversee G3 Boats, the manufacturer of aluminum and pontoon boats. In his new role, Stone is responsible for manufacturing, operations, marketing and sales for Yamaha U.S. Business Unit subsidiaries G3 and Skeeter Boats.
