February 21, 2023
After a huge 2021 where sales soared 31% to $1.11 billion, The Berkshire-Hathaway-owned brand grew 6% last year despite sneaker shortages and supply chain challenges in the first half.
Pou Yuen Vietnam Co. Ltd., a subsidiary of sneaker giant Yue Yuen and a key footwear supplier to Nike, Adidas and other brands, is laying off about 3,000 workers in the manufacturing zone in and around Ho Chi Minh City.
FOXF is paying $131.6 million for Custom Wheel House, LLC, which designs, markets, and distributes performance off-road wheels, tires and accessories under the Method, Tensor and GMZ brands.
The UK-based wearable fitness gaming device developer and publisher has closed a $10 million Series A funding round, led by Tencent, bringing total funding to-date to $15.6 million.
It’s the third revision of the outdoor co-op’s requirements for partner brands and vendors, which was first launched in 2018 and most recently updated in 2020.
The family-owned snowboard maker was hit with a cyber attack last week that forced it to close down its e-commerce operations and cancel all online orders.
The outdoor sports reps association plans five events this summer, including a brand new event with an emphasis on camping, climbing and hiking.