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 7, 2022
Anta Exploring Amer Sports IPO
Anta Sports Products, Ltd., the Chinese sports equipment corporation headquartered in Jinjiang, is reportedly holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about U.S.$1 billion or more, according to Bloomberg. Amer Sports, headquartered in Finland, is the parent of Salomon, Arc’teryx, Peak Performance, Atomic, Suunto,...
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December 6, 2022
Massachusetts creates Office of Outdoor Recreation
Massachusetts became the 18th state to establish an Office of Outdoor Recreation – drawing praise from Outdoor Recreation Roundtable (ORR) and bolstering the ability of the nation’s $862 billion outdoor recreation economy to grow even more. Boating Industry
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December 6, 2022
In an Industry First, Park City Mountain Lift Operators and Electricians Unionize
Park City Mountain lift mechanics and electricians have joined their ski patroller counterparts in unionizing, the first lift operators in the United States to do so. In a 35 to 6 vote conducted by the National Labor Relations Board, lift mechanics and electricians decided to collectively bargain with owners Vail...
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December 5, 2022
Metabolism tracker Lumen raises US$62 million
Metabolism measurement platform Lumen, has raised US$62 million in a series B funding round led by Pitango Venture Capital. Participating investors include Hanwha Group, Resolute Ventures, RiverPark Ventures, Unorthodox Ventures, Almeda Capital and Disruptive VC. Endurance Biz
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December 5, 2022
VF’s Shares Take Hit On CEO Exit, Guidance Cut
Shares of VF Corp. fell about 11 percent on Monday following the news of Steve Rendle’s retirement as CEO. His exit was a surprise but not a shock to Wall Street analysts, given VF’s underperformance, led by Vans, in recent years. More worrisome was VF’s third guidance reduction in the...
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November 30, 2022
Bear Grylls, Savage Ventures To Acquire, Expand Outdoors.com
TV star and writer Bear Grylls is partnering with Nashville-based digital-sector investors Savage Ventures to acquire, build out and relaunch the venerable website Outdoors.com, and turn it into an adventure-travel destination site. The partners said they plan to make Outdoors.com the home of adventure, with exclusive news, content, commerce, engaging community-based...
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November 30, 2022
Black Book: Colder Weather Brings Drop in Wholesale RV Values
The average sales prices for motor homes and towables sold at wholesale auctions declined last month. The drop off in motor home values from the month before looks quite dramatic, but when you consider the overall trend line for the past several months, it is consistent with the patterns that...
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November 30, 2022
Crown Capital Investments Acquires Pacific Yurts
Crown Capital Investments, an Atlanta-based private equity firm, has acquired Pacific Yurts, Inc., the maker of portable tents. This partnership will enable Pacific Yurts to enhance the opportunities it can offer to its employees. SGB
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November 30, 2022
The Rossignol Group to Invest $50M in Three Years Targeting Revenue Growth, Sustainability Leadership
Targeting both significant revenue growth and category leadership in sustainable ski and outdoor products, the Rossignol Group this month unveiled a new strategic plan — called Ascension 2026 — that commits to investing $50 million between now and 2026 to achieve its goals. Businesswire
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November 28, 2022
Black Friday Online Sales Hit Record $9.12 Billion
U.S. shoppers spent a record $9.12 billion online this Black Friday, according to Adobe Analytics, which tracks sales on retailers’ websites. That’s a 2.3 percent increase compared to $8.92 billion in 2021 and also up from $9.03 billion the in 2020. SGB Media
