January 13, 2017
As the state of Utah threatened to sue the federal government over the Obama Administration’s recent designation of 1.35 million acres for the Bears Ears National Monument, the founder of Patagonia wrote an open letter to the governor promising his company would withdraw from the Outdoor Retailer Show over the issue and the former CEO of Black Diamond wrote an op-ed piece in the Salt Lake City Tribune saying the show would withdraw from the state over the issue.
The high-end outerwear maker retained Credit Suisse, Canadian Imperial Bank and Goldman Sachs in Nov. to underwrite the offering, and Bloomberg reported it could go public as soon as next month, citing a confidential source.
Vista has rearranged its outdoor products leadership team, promoting Dave Allen to president of the segment replacing Kelly Grindle, who has left the company after just one year.
The brand, which had annual sales of $70 million, was divested to plastics products maker United Solutions for an undisclosed price.
Replacing outgoing sponsor Kappa, the Jumpman will adorn the footwear and apparel for all national basketball teams, including women’s and men’s leagues, majors and youth.
The Commerce Department said sales for Dec. were $7,582 million this year, down 3.6% from $7,864 million last year on an adjusted basis.