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 5, 2022
Unionized! Outside Magazine Editorial Staff Band Together Within Media Giant
Eleven months after Pocket Outdoor Media swallowed up Outside Integrated Media and appropriated its name, the benchmark magazine’s staff formed a union. On January 4, 15 editors at Outside magazine released a document simply titled “Mission Statement.” In it, they advocate for better working conditions within the company, air their...
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January 4, 2022
Active Lifestyle Stocks Churn Out Robust Gains in 2021
With many companies seeing benefits from changed behaviors due to the pandemic, the vast majority of active lifestyle stocks soared to new heights in 2021. Of the 79 stocks in the active lifestyle space tracked by SGB Executive, only 14 showed declines, marking the third strongest year for the sector after several...
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December 30, 2021
An Everest Guide Just Won a Legal Battle over a Canceled Summit Attempt
In September 2019, Himalayan guide Garrett Madison called off a summit attempt on Mount Everest, telling clients that an ice block hanging over the route made it too dangerous. The following March, one of the clients on the expedition, Zac Bookman, sued Madison for $100,000 for breach of contract and...
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December 30, 2021
Helen of Troy Completes Acquisition Of Osprey Packs
Helen of Troy Limited announced the successful completion of its previously announced acquisition of Osprey Packs, Inc, for $414.7 million in cash, which includes the impact of a $5.3 million favorable customary closing net working capital adjustment. SGB Media
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December 29, 2021
Climashield Sold to Private Equity Firm
Crown Capital Investments (CCI), an Atlanta-based private equity investment firm, has acquired Climashield to its manufacturing portfolio of companies. Headquartered in Clinton, Tenn., Climashield is a manufacturer and developer of continuous filament insulation. With global distribution to military and outdoor recreation brands, Climashield products offer “thermal efficiency and durability.” Inside...
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December 23, 2021
SOG Specialty Knives Acquired by GSM Outdoors
With its buyout of SOG Knives, the outdoor giant expands its specialty blade, multitool, and EDC offerings. GSM Outdoors continues to grow in breadth and depth. This week, the hunting and shooting sports specialist keeps that trend going by acquiring SOG. Gear Junkie
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December 23, 2021
Under Armour, Columbia Facing Headwinds
Under Armour and Columbia were downgraded by market analysts Stifel, highlighting the challenges facing the sports category. Analyst Jim Duffy lowered the two brands from “Buy” to “Hold” — while lowering Nike’s price target but maintaining its “Buy” rating. The analyst foresaw short-to-mid-term concerns limiting the upside of both brands....
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December 17, 2021
Meet the First 2 Heli-Skiing Operators in the World to Go Carbon-Neutral
Last year, a small company in British Columbia was the first heli-skiing operator to go carbon-neutral. Now, there’s a second carbon-neutral heli-skiing team on the scene. In September 2020, Bella Coola Heli Sports achieved the impressive and the improbable — it became the first heli-ski operator in the world to...
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December 17, 2021
Why Patagonia is Closing its North American Stores, Warehouse and Offices the Week After Christmas
Ever the industry contrarian, Patagonia is planning to close up shop temporarily for a quick break after the holidays. Originally announced late last month, the outdoor brand said that its stores and offices in the United States and Canada will be closed starting Dec. 25. The brand also said it...
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December 14, 2021
A major RV maker now has more than $18 billion in backlogged orders and says its dealers may not be fully restocked until 2023
Famed RV maker Thor Industries now has an $18.07 billion order backlog as of October 31 as demand for tiny homes on wheels continues to remain strong through the COVID-19 pandemic, the company said in its 2022 first-quarter earnings report on December 8. Thor Industries — which owns brands like...