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 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
