July 19, 2022
KMD Brands is assessing its options to succeed Reuben Casey as CEO of the Kathmandu retail banner, as he has given notice of his intent to resign from the role. REI’s Venture Capital Arm Launches Navigate Program
The co-op’s Path Ahead Ventures project is launching a 16-week Navigate accelerator program with six companies, founded by people of color, to provide funding, mentorship, access to REI’s production, distribution, and marketing expertise. Vimazi Raises Additional Seed Funding
The hybrid direct-to-consumer running footwear startup has raised a $1 million third seed round from angel investors, bringing its total funding to date to $2.6 million. National Park Visits Slip in June
Recreational visits fell 3% last month to 35,013,318 from 35,951,390, but were still up 3% for the first half of 2022, to 131,259,356 from 127,742,317 last year. Fox Factory Sues SRAM over Fork Tech
FOXF claims that competitor SRAM is infringing on U.S. Patent No. 9,739,331 for a suspension fork air bleed assembly, in a suit filed in Los Angeles federal court. Etcetera: Smith, Flight Club, Connexa, Primus, Lids
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