July 11, 2022
VSTO will pay Altamont Capital Partners $540 million, plus up to $50 million more in an earnout, for the 50-year-old mountain bike and motocross apparel and equipment brand, which is expected to contribute $350 million in sales and $55 million in adjusted EBITDA this year.
Sales in the HELE’s Home & Outdoor segment, which includes Hydro Flask and Osprey Packs, increased 21% in the fiscal first quarter ended May 31 to $234,263,000 from $193,644,000.
Coats Group inked a definitive agreement to acquire Texon, the supplier of footwear components and materials to Nike, Adidas, and others, for an enterprise value of $237 million and a total net cash consideration of $211 million, after deductions and adjustments.
South Korean fashion conglomerate F&F Group has agreed to acquire 100% of Sergio Tacchini Operations, Inc. and Sergio Tacchini IP Holdings, Inc. shares for KRW 82.7 billion ($63.1 mm), according to Korean website Newsway.
Retailers stocking up before the dockworkers’ West Coast labor contract expired contributed to retail imports setting another new record in May, inching up 3% to 2.40 million twenty-foot equivalent units, according to the NRF and Hackett Associates.
For the first time in 15 months, June NICS FBI background checks posted a year-over-year increase, up 8% to 1,382,287 from 1,279,300 last year, but still well behind the record 2,177,586 checks in June, 2020.
Adams has taken the big seat at LeMond Bicycles as it diversifies its operations with a push into e-bikes and carbon fiber construction.
Anne Spangenberg, a 13-year Eager Beaverton whose career there culminated as global vice president of merchandising, joins DECK as president of fashion lifestyle brands UGG and Koolaburra, succeeding Andrea O’Donnell, who stepped down from the role last year.
The Finish Line, DTLR Villa and Shoe Palace parent appointed Andy Higginson as chairman after an executive search, filling one of the two roles of departed Peter Cowgill.
Anta reported a mixed bag for its Q2 and H1 results, seeing Anta sales grow mid-single digits while Fila was down high-single digits for the second quarter.
The apparel design and customization company appointed Christopher Heyn as president and CEO, where he will be tasked with helping Lion expand more rapidly into new markets, categories and geographies.
The French biorecycling provider has signed a two-year agreement with On, Patagiona, Puma, and Salomon to develop solutions for enhancing the recyclability and circularity of their products.
Gridiron Capital-backed GSM Outdoors continues its buying spree, acquiring two fishing lure brands, Buckeye and SteelShad adding to its aggressive expansion in the space.
Simplifyber, Inc., which makes fully-molded apparel and shoe uppers made from a cellulose-based liquid, secured a $3.5 million seed round from a group of investors led by At One Ventures.
Vista Outdoor owned Foresight Sports, the golf launch monitor and simulator maker, is now the official launch monitor partner of Callaway Golf, which will integrate Foresight’s technology throughout its brands, including Topgolf and Toptracer.
The Big Cat filed suit in U.S. district court in Indiana against competitor Brooks Sports, claiming they are infringing on its Nitro trademark and patent.