SGB Update Sportsmans
Europe’s Outdoor Product Sales Grew in 2015
Europe’s outdoor market grew by 2.1 percent in value and 1.7 percent in volume last year, according to research released by the European Outdoor Group (EOG) on the first day of the Outdoor Show in Friedrichshafen, Germany.
Canadian Tire Brings Back Stephen Wetmore as CEO
Canadian Tire, the parent of Sports Chek, appointed Stephen Wetmore as president and CEO, effective immediately. He succeeds Michael Medline who became president in 2013 and CEO in 2014.
Stanley Hires New Marketing Director
PMI’s Stanley brand gained a new Marketing Director with the hire of Lisa Wood.
Utah Taking Applications for Outdoor Rec Matching Grants
Utah began accepting applications for matching grants of up to $75,000 for infrastructure projects and youth programs that enhance outdoor recreation.
Spate Of Small Deals May Mark End Of M&A Boom
A spate of small acquisitions in recent weeks could mark the last gasps, rather than a resurgence, of a four-year boom in mergers and acquisitions in the global sporting goods industry, according to one investment banker.
Total Hockey Seeks Sale In Bankruptcy Court
Total Hockey filed for Chapter 11 bankruptcy petition and is looking for a buyer.
Sports Authority Settles Consignment Vendor Claims
Sports Authority reached an agreement that will allow it to sell pre-bankruptcy goods bought on consignment as part of its ongoing liquidation efforts.
Sports Direct Profits Slide in Fiscal Year
Sports Direct reported underlying profit before taxes slumped 8.4 percent to £275.2 million in its year ended April 24 largely due to a hike in wages and slower sales in the second half of the year. Sales grew 2.5 percent to £2.9 billion.
Daisy Outdoor Products Acquired by Private Equity
Daisy Outdoor Products has been acquired by Bruckmann, Rosser, Sherrill & Co. (BRS), a New York-based private equity firm.
Brunswick Acquires Boat Builder Thunder Jet
Brunswick Corporation acquired boat maker Thunder Jet, a maker of heavy-gauge- aluminum (HGA) boats that had sales of approximately $20 million last year.
Gamo Outdoor Acquires Maker Of Daisy Air Guns
Gamo Outdoor SL and its US subsidiary, which are affiliates of the private equity firm BRS, have acquired Arkansas-based BB gun maker Daisy Outdoor Products.
Dick’s SG Acquires Sports Authority Name
Dick’s Sporting Goods purchased the Sports Authority’s brand name and other intellectual property at a bankrtuptcy auction.
Modern Meadow Raises $40MM Series B Round
Modern Meadow, the biofabrication company that grows animal-free leather made from living cells, announced a $40 million Series B round of financing led by Horizons Ventures and Iconiq Capital…
Mountain Khakis Catches Some Slack
Mountain Khakis named Jennifer Slack senior product developer in another sign of its growing commitment to expand its men and women’s apparel.
Vasque Names Pinnacle Sales Agency of the Year
Vasque trail footwear honored New England-based Pinnacle Outdoor Group as its 2016 Sales Agency of the Year.
