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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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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,...
