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.-
September 7, 2023
Surfline Names Ross Garrett CEO
Surfline\Wavetrak Inc, the leading provider of surf forecasting and video experiences, today announced that Ross Garrett has been appointed as Chief Executive Officer (CEO), succeeding Kyle Laughlin, who stepped down from the position. Ross Garrett previously served the company for nine impactful years from 2011 to 2020, holding various key...
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September 6, 2023
EXEC: Amer Sports Files Confidentially to Go Public
Amer Sports, the parent of Salomon, Wilson, Arc’teryx, and other sports brands, filed confidentially for a U.S. initial public offering (IPO) that could value the group as high as $10 billion. The offering would come as Amer Sports’ business has seen accelerated growth, driven by Arc’teryx and Salomon and in...
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September 6, 2023
Netflix co-founder Reed Hastings is new majority owner of Powder Mountain following $100 million investment
Just months after buying into a minority ownership position of Utah’s Powder Mountain Resort, Netflix co-founder and longtime CEO Reed Hastings has ascended to majority owner of the facility by way of a new $100 million investment announced Wednesday. Back in April, Hastings bought a minority interest in the ski...
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September 5, 2023
Life Time Unveils Company’s First Ground-Up Pickleball Club in Chanhassen, Minnesota
As pickleball continues its explosive growth trajectory, Life Time announced the groundbreaking of Life Time Pickleball Chanhassen, the Company's first ground-up pickleball location in the country. Life Time Chanhassen Pickleball is expected to be completed in early 2024. The 25,000-square-foot building, adjacent to the Life Time Chanhassen, Minn. athletic country club, will feature...
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September 5, 2023
Arc’teryx Looks to Block Registration of adidas’ TERREX Trademark
A Canadian trademark scuffle that pits two big names in the apparel/accessories space against one another seems to be making its way into the United States. On the heels of Arc’teryx-owner Amer Sports Canada Inc. filing a trademark lawsuit against adidas’ Canadian subsidiary early this year over the German sportswear...
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September 5, 2023
Vista Outdoor makes public filing to spinoff Outdoor Products brands
Vista Outdoor made a public filing with the Security and Exchange Commission Tuesday, revealing details of its plan to spinoff its outdoor sports brands into a new company separate from its ammunition business. The company said it expects to complete the spin-off in the fourth quarter of this calendar year....
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September 5, 2023
Brunswick Enters Electric-Foiling Surfboard Market with Acquisition
Brunswick Corporation acquired Fliteboard to enhance its electrification and shared-access strategies. Fliteboard, which combines hydrofoils and electric propulsion on the water, allows Brunswick to enter the electric-foiling surfboard market and presents the opportunity for technological, manufacturing, commercial, and consumer synergies with its existing portfolio. SGB Media
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September 1, 2023
Authentic Brands’ Purchase of Boardriders Officially Closes
Boardriders’ sale to Authentic Brands Group officially closed Friday in a deal that shifts ownership of some of the industry’s largest core surf and skate brands to a new parent. Financial terms of the deal were not disclosed. However, a report from Moody’s earlier this year pegged the purchase price...
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August 30, 2023
MasterCraft Boat Holdings Sees Worsening Boat Trends in Fiscal Q4
MasterCraft Boat Holdings, Inc. reported consolidated net sales of $166.6 million for the fiscal fourth quarter ended June 30, down 15.5 percent from the fourth quarter of fiscal 2022. The company said the net sales decrease reflected decreased sales volumes, less favorable model mix and increased dealer incentives, partially offset...
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August 22, 2023
Alterra Mountain Company Closes on Schweitzer Acquisition
Alterra Mountain Company closed on purchasing Schweitzer Mountain Resort in Idaho, bringing the company’s year-round mountain destinations to 17 in North America, which includes the world’s largest heli-ski operation. Alterra said that Tom Chasse will stay on as president and COO of Schweitzer and oversee daily operations while leading the...
