June 19, 2023
As legislative actions mount against the “forever-chemical” PFAS in multiple states and the European Union, major industry retailers have restricted the chemical family in their assortment and the Outdoor Industry Association is assisting members in the phase out of PFAS.
The licensed apparel juggernaut was valued at $31 billion in Dec., when it raised a $700 million funding round, but a private investor day held last week is another sign that a public offering is the likely end game for the Michael Rubin helmed company.
Continuing an expansion trend that pre-dates the pandemic, outdoor participation grew by 2.3% last year to a total of 168.1 million Americans, but core participation fell again, dropping below 30% for the first time, according to the OIA’s 2023 Outdoor Participation Trends report.
The Big Cat named commercial director Shirley Li as general manager of China, succeeding Philippe Bocquillon, as part of its strategy to strengthen its business there.
The performance apparel brand raised $21.5 million in a Series A funding round, led by Provenance, with participation from Fernbrook and Alfa.