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January 17, 2024


Compass Diversified Touts Opportunities for 2024

The parent of Boa, 5.11, Velocity Outdoor, PrimaLoft and Marucci touted its low cost to capital and other advantages over PE competitors for the coming year, in a presentation at its 2024 investor day.

Gildan Levels More Accusations after Computer Search

Continuing the war of press releases that is getting more petty with every round, Gildan accused former CEO, Glenn Chamandy of failing to disclose “close relationships” with shareholders who are now supporting his reinstatement.

Manchester United Cuts Guidance on Champions League Exit

ManU said that its early exit from the Champions League would result in lower broadcasting revenues, leading it to cut full-year revenue guidance to £635 to £665 million from £650 to £680 million prior.

Sporting Goods Sales Inch Higher to Finish 2023

Sporting goods/hobby/book and music store adjusted sales grew 0.9% in Dec. to $8,691 million compared to $8,610 million, according to Commerce Dept. data, and were up 0.3% sequentially.

Vista Outdoor’s Outdoor Spinoff Files S-4

The separation of VSTO’s outdoor business and sale of The Kinetic Group ammunition segment to Czechoslovak Group took another step forward with Revelyst’s S-4 filing today with the SEC.

Youngone Invests $176 Million in Scott Sports

The South Korean outdoor apparel maker is making an additional investment of CHF 150 million ($176 mm) in bicycle brand Scott Corp SA to expand its eco-friendly outdoor business beyond its primary focus on ODM manufacturing for clothing.

Thirty-5 Capital Unites Several Pickleball Brands

The Chicago-based venture capital firm has created a new subsidiary, United Pickleball Paddles, bringing three of its paddle brands under the same umbrella.

Allbirds Adds Two to C-Suite

The sustainable sneaker maker elevated SVP of brand & marketing, Kelly Olmstead to chief marketing officer, the same title she held at her previous role as CMO of Hanna Andersson.

Hyper Ice Sues Worldwide Golf Shops

Hyper Ice and its subsidiary Hyperice IP Subco filed suit in W. TX district court accusing the specialty golf retailer of infringing on patent no. 11,857,482 by selling various Therabody products in its stores.

Etcetera: Perry Ellis, LIVSN Designs, Rapala VMC, Dead Air Silencers, Winmark, Lululemon, GolfForever, Hummel

 
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