October 07, 2024 Vista Outdoor Finds Buyer For Revelyst
The VSTO board has stamped a deal for the Revelyst outdoor business that would set up a tandem sale of both operating segments for a combined $3.35 billion, valuing the combined sales of Revelyst and the Kinetic Group at $45 per share. Thanksgiving Weekend Set for 5% Growth, Bain Says
Black Friday through Cyber Monday will outpace overall Holiday sales as the five-day period hits 5% growth to $75 billion, according to the latest projections from Bain & Company, as it outpaces the firm’s 3.0% Holiday growth guidance. Accell Group, Banks Agree on Debt Restructuring
The bike company’s investors, led by Kohlberg Kravis Roberts, have reached a deal with lenders to significantly reduce Accell’s debt in a recapitalization that is expected to be implemented by the beginning of 2025, the Outdoor Industry Compass reported. S&S Activewear Closes Alphabroder Deal
S&S Activewear has completed its previously announced acquisition of Alphabroder, bringing the two powerhouses together, which reportedly generated over $4.1 billion in sales last year. Malbon Golf Appoints Former Nike Exec CEO
Malbon Golf has hired sportswear industry veteran Aaron Heiser, a former Nike executive, as its first CEO, with immediate effect.
Outdoor Industry Association and Switchback announced a strategic partnership to launch a twice-annual outdoor trade show, now that OIA has ended its exclusive partnership with the Emerald Expositions-owned Outdoor Retailer shows. Orvis Plans to Lay Off 8% of Staff, Kill Catalog
The family-owned outdoor NH-based retailer will cut 112 employees, close some undisclosed retail locations, and shutter its catalog, aiming for a smaller and more agile business.
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