Sports News and Press Releases about Outdoor Industry Business
Want to stay up to date on the latest press releases and business news in the outdoor sports and camping industries? Scroll below to view all outdoor industry business news.
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January 4, 2024
Salomon Owner Amer Sports Files for IPO
The Finnish company, which owns the Salomon, Arc’Teryx, Wilson, Peak Performance and Atomic brands, has applied to list on the New York Stock Exchange with the ticker “AS”. The details of the potential offering, including number of shares and price range per share, have not yet been shared. According to...
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January 2, 2024
Gyms Unify in Protest of USA Climbing’s Plan for a New National Training Center
USA Climbing’s National Training Center development project, which has been in the works for some time, has recently received intense pushback from a number of prominent climbing gyms. Specifically, many gym owners have expressed increased displeasure and concern that a commercial gym portion of the new National Training Center will...
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December 28, 2023
An Aspen resort is fed up with a brand for using its grounds for a photo shoot and is now taking it to court
The long-running Aspen Skiing Company has sued a luxury fashion brand called Perfect Moment for allegedly misleading customers into thinking the two companies are related, which includes posting photos of influencers on resort property on its social media channels. The federal suit, filed last week, alleges "trademark infringement, false association...
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December 21, 2023
Compass Diversified Receives $75.2 Million Equity Investment
Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Primaloft, 5.11, and other active lifestyle brands, reported that it had completed a private placement of approximately 3.6 million of its common shares to a mutual fund managed by Allspring Global Investments to raise $75.2 million. The shares were sold for $21.18...
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December 20, 2023
Winnebago Industries’ Towable RV Business Down 4.8% YOY in Q1
Winnebago Industries, Inc. reported financial results for the company’s first quarter of its fiscal year 2024 Wednesday. Revenues for the fiscal 2024 first quarter ended Nov. 25, 2023, at $763.0 million, a decrease of 19.9% compared to $952.2 million for the fiscal 2023 first quarter. Gross profit for the fiscal 2024...
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December 19, 2023
Asics Sells Haglöfs to PE Firm
Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed. Asics acquired Haglöfs in 2010 for $128.7 million. SGB
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December 19, 2023
Rab Is Not For Sale According to Parent Company
In response to media reports that Equip Outdoor Technologies was planning to sell off outdoor brand Rab, Matt Gowar, CEO and owner of Equip, said no change in ownership is planned for now or in the near future. Gowar’s statement comes after the Financial Times ran a story on Friday saying...
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December 18, 2023
VF Brands Including Vans Can’t Fulfill Orders Because of Cyberattack
VF Corp said on Monday that it was looking into cybersecurity incidents that occurred on Dec. 13 and are disrupting the company’s businesses, including hindering the ability of The North Face and Vans’ parent company to fulfill customer orders on its e-commerce websites during the busy holiday season. The attack...
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December 15, 2023
The 10 Most-Searched National Parks of 2023, According to Google Maps
This week, Google released its Year in Search trends for 2023, along with unpublished data shared directly with Condé Nast Traveler, confirming exactly which parks were searched the most via Google Maps over the past year. Yellowstone, Yosemite, and Zion take the top three spots—while other beloved destinations are notably...
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December 15, 2023
This Iconic Utah Ski Resort Is Going Semi-Private Next Year
The very thing that makes Powder Mountain so special might be in jeopardy. The beloved community-minded ski area with over 8,000 acres of terrain announced that it will be moving to a hybrid business model of both public and private slopes for the 2024-2025 season. New Powder Mountain owner and...
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December 14, 2023
Is Surfing Miles Behind the Outdoor Industry When It Comes to Sustainability?
A recent podcast lambasted surfing as environmentally harmful. So we had to ask, is surfing miles behind the outdoor industry when it comes to sustainability. The Inertia
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December 14, 2023
A Look at New York City’s Booming Outdoor Business Scene
An in-depth report on how new outdoor retailers, brands, events, and personalities are driving innovation and inclusivity in the Big Apple. The Daily
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December 11, 2023
Servio Capital Acquires RV Park in Robert, Louisiana for a $34M Development Project
Servio Capital, a highly accomplished real estate development company, is proud to announce its latest acquisition, a $34Mdevelopment featuring 417 RV sites and 77 cabins, located in Robert, Louisiana. The strategic acquisition underscores Servio Capital's commitment to bettering the community and adding value back to the state of Louisiana. Every...
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December 10, 2023
RVIA Expects RV Shipments to Post Double-Digit Growth in 2024
RV wholesale shipments are expected to hit 350,000 units in 2024, according to the Winter 2023 issue of RV RoadSigns, the quarterly forecast prepared by ITR Economics for the RV Industry Association (RVIA). The new forecast projects 2024 RV shipments to range between 343,900 and 356,300 units, with a median...
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December 8, 2023
Sportswear Brand Castore Lands $184M Investment
Sportswear brand and digital platform Castore has secured a £145 million ($184 million) investment in a round led by Raine Partners, a firm specializing in media, entertainment and sports. The apparel brand has an ecommerce site as well as two shops in its headquarters in Liverpool and London and reports...
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December 8, 2023
Pass Sales Up at Vail Resorts, Q1 Down on Poor Australian Weather
Vail Resorts is reporting sales of its season passes are up for the 2023/2024 snow season. In its first quarter earnings report, the company said pass sales through Dec. 4 for the upcoming season increased about 4% in units and approximately 11% in dollars compared to the same period last...
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December 6, 2023
Shaun Whitebuys Youth Action Sports Camp… W/ 76ers, Devils Owners
Shaun White grew up shredding the half pipe at a youth action sports camp in Oregon ... a time that had such a profound impact on the 3x Olympic gold medalist, he just teamed up with Philadelphia 76ers and NJ Devils owners Josh Harris and David Blitzer to buy the...
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December 6, 2023
Thor Industries Announces First Quarter Fiscal 2024 Results
Net income attributable to THOR Industries and diluted earnings per share for the first quarter of fiscal 2024 were $53.6 million and $0.99, respectively. During the first quarter, the Company continued to return capital to shareholders through its share repurchase program, repurchasing $30.0 million of common stock, bringing the total...
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December 4, 2023
Nike Demands Colorado Ski Company Stop Using ‘Similar’ Jumpman Logo, Reports Say
Nike has confronted a small Colorado-based ski apparel company over the use of a trademark that resembles its Jordan Jumpman emblem. The sportswear giant has reportedly sent multiple cease-and-desist letters to Skiman LLC and its owner Stephen Fucik to stop using the mark and to voluntarily give up his trademark...
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November 30, 2023
Vail Resorts to Acquire Swiss Ski Resort
Vail Resorts, Inc. agreed to acquire Crans-Montana Mountain Resort in Switzerland from CPI Property Group (CPIPG). Crans-Montana Mountain Resort spans approximately 4,593 square feet of skiable vertical terrain with about 87 miles of trails. Accessible from five airports and by train, Crans-Montana Mountain Resort is located in the Valais canton...
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November 29, 2023
Why environmentalists are suing the National Park Service to prevent it from planting trees
The National Park Service wants to replant sequoia groves in Sequoia and Kings Canyon National Parks, where wildfires in 2020 and 2021 inflicted lasting damage on the iconic sequoia forests. Environmentalists in California say it’s a huge mistake. Four groups filed suit against the NPS on November 17, saying the...
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November 29, 2023
Movement Expands; Acquires Multiple Gyms in the Northeast
A press release earlier this week announced that Movement, the largest network of climbing gyms in the United States, recently acquired The Cliffs’ five facilities. The acquisition encompasses all The Cliffs’ gyms in New York and Pennsylvania and brings the total number of Movement gyms to 29 across the country....
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November 29, 2023
VF Corp. Lays Off About 500 Under Reinvent Turnaround Plan
VF Corp., parent of brands such as Vans and The North Face, confirmed today that it has laid off roughly 500 positions across the organization. A spokesperson confirmed the reductions are global and impact all brands, corporate functions, and geographies. The layoffs come as new VF President and CEO Bracken...
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November 28, 2023
PEARL iZUMi and Nathan owner, United Sports Brands, acquired by Norwest Equity Partners
Norwest Equity Partners (NEP), a middle market investment platform founded in 1961, has acquired United Sports Brands (USB), which has a diverse portfolio of sporting goods and active lifestyle brands. The transaction closed on November 20, 2023, and financial terms were not disclosed. United Sports Brands’ (USB’s) six brands are: PEARL iZUMI,...
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November 27, 2023
Vista Outdoor Receives Unsolicited Proposal to Buy Company
Vista Outdoor announced it received an offer last Wednesday from Colt CZ Group to buy the company for $30 per share, or $1.74 billion, which, if accepted, would scrap the deal announced earlier this year to sell Vista’s sporting products business to Czechoslovak Group (CSG) and spin off Vista’s outdoor...