Canyon Bicycles CEO To Step Down
Canyon Bicycles reported that its CEO, Armin Landgraf, will step down at the end of the month for personal reasons, and the company’s CFO, Winfried Rapp, will assume the role on an interim basis.
Nike’s Q1 Revenues Fall Short Of Wall Street’s Targets
Nike Inc. reported net earnings rose 23.5 percent in the fiscal first quarter ended August 31 as sales grew 15.6 percent. Earnings came in slightly above Wall Street’s consensus targets while revenues were slightly below.
Vail Resorts Sees 29 Percent Gain In Earnings In Fiscal Year
Vail Resorts Inc. reported earnings rose 29.4 percent in its fiscal year ended July 31 with both periods impacted by COVID-19. Vail said results continued to improve as the 2020/21 North American ski season progressed, primarily as a result of stronger destination visitation at its Colorado and Utah resorts.
Ntwrk Secures $50 Million In Funding
Livestream shopping platform Ntwrk raised $50 million led by the Growth Equity business within Goldman Sachs Asset Management, and luxury group Kering, including participation from LionTree Partners and Tenere Capital.
Lululemon To Outfit Canadian Olympic Team
The Canadian Olympic Committee (COC) and Canadian Paralympic Committee (CPC) announced that Lululemon is the new Official Outfitter of Team Canada. Lululemon replaces Hudson’s Bay Company.
TrainerRoad Announces New Hires; Opens New Office
Cycling training platform TrainerRoad announced the hiring of Madelein Van Zyl as its new chief financial officer, Stephanie Simons as vice president of engineering and the opening of an international office in Stellenbosch, South Africa.
Eastpak Re-Enters North American Market
Eastpak, which is owned by VF Corp, announced its relaunch into North America. This comes after several years strategically focused on European and APAC regions.
G-III Apparel To Acquire Sonia Rykiel
G-III Apparel Group Ltd. announced an agreement to purchase European luxury fashion brand Sonia Rykiel.
Backcountry To Open First East Coast Store
Backcountry.com has signed an 11,600-square-foot lease to become the anchor tenant at Collection 14, a $130 million, mixed-use redevelopment of the former Martha’s Table headquarters in Washington, D.C.
Boardriders Appoints New EMEA President
Boardriders has named Nicolas Foulet as its EMEA president. Foulet has spent 20 years at Boardriders, which owns Quiksilver, Roxy, Billabong, RVCA, DC Shoes, Element and Von Zipper.
Iconix Brand Group Reaches Deal With Genesco To Create Starter Footwear
Iconix Brand Group Inc. has signed a new three-year licensing agreement with Genesco, Inc. to be the exclusive U.S. and Canadian footwear licensee for Starter.
All Canadian Shoe Outlet Stores To Close
The discount family footwear chain Canadian Shoe Outlet (CSO) is now running store closing sales at all 15 locations across Ontario. The closures were blamed on the impact of the COVID-19 pandemic on brick-and-mortar stores.
Compass Diversified Acquires Lugano Diamonds & Jewelry
Compass Diversified, which owns a number of businesses in the active lifestyle space, announced it has acquired Lugano Diamonds & Jewelry, Inc., a designer of high-end jewelry, for an enterprise value of $256 million.
Primus, Brunton Retain Southeast Rep Coverage
The Brunton Group has retained Awesome Outdoors Group as its Southeast U.S. sales agency representing the Primus and Brunton brands in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, and West Virginia.
Rossignol Appoints VP Of Sales North America
Rossignol Group North America announced the immediate appointment of Chris Horan as senior vice president of sales, Winter Sports Equipment. He previously headed Rossignol Group Canada.
