FINANCIAL REPORTING
+++ KMD Brands will implement a 1-for-25 reverse share split on July 1 to increase its share price above the current sub-NZD 0.10 range, while also appointing John Strowger as a non-executive director to succeed outgoing board member David Kirk
+++ Moody’s affirmed GSM Outdoors’ B3 corporate family rating with a stable outlook, citing improving leverage, growing Ebitda and free cash flow, and strong growth in its higher-margin digital and subscription business, while noting that high debt, tariff exposure, and acquisition-driven expansion remain key risks
+++ Kingmaker’s fiscal-year loss doubled as weaker U.S. and European sales, lower selling prices, and property-related losses outweighed manufacturing improvements, although the Chinese footwear manufacturer for Wolverine Worldwide and other brands expects tariff clarity and a stronger product mix to support a gradual recovery +++
PRODUCT & MARKETING
+++ Milliken has launched Millibrite, a polymer-based fabric whitening technology that delivers consistent brightness under modern LED lighting while supporting cold-water washing, multiple detergent formulations and extended garment life
+++ Raleigh has expanded its urban e-bike range with the new Raleigh One Step Through, featuring a lower-step frame, upright riding position and connected features to improve accessibility and comfort for everyday city riders
+++ Helinox has partnered with French motorsport event organizer Peter Auto as the official outdoor furniture partner of Le Mans Classic Legend 2026, supplying seating, branded retail experiences and special-edition chairs for race winners at the historic motorsport event
+++ British startup Edra has launched with a complete premium running apparel collection featuring its proprietary Convey carrying system, aiming to eliminate common distractions for runners through performance-focused design developed by former professional cyclist and Great Britain mountain runner Nathan Edmondson
+++ At Eurobike 2026, Dahon showcased its new Dahon-V technology platform and expanded bicycle lineup, highlighting its strategy to evolve beyond folding bikes and advance sustainable two-wheeled mobility
+++ Scott USA has partnered with Snowbasin Resort to open the Bike Park Powered by Scott, a new lift-served mountain bike park in Utah featuring trails for riders of all skill levels +++
E-COMMERCE & DTC
+++ US e-tailer Backcountry has partnered with buy-now-pay-later provider Affirm to offer eligible online shoppers in the US flexible installment payments across its retail brands, including Competitive Cyclist, MotoSport, Steep & Cheap and Level Nine Sports +++
CORPORATE AND M&A
+++ Frasers Group has agreed to sell its Sports Direct Malaysia business to Indonesian retailer MAP Active for approximately US$150 million, further expanding its Southeast Asian partnership while supporting Sports Direct’s regional growth strategy +++
RETAIL & DISTRIBUTION
+++ According to an article in The Wall Street Journal, US athletic gear company Vuori is planning to more than double its global retail footprint to over 300 stores by 2030, with China serving as a key growth market where it aims to expand from eight to 20 stores by the end of 2027
+++ Decathlon has opened a 600-sqm Decathlon City store in Villeurbanne, France, expanding its Lyon-area network with a proximity format focused on urban mobility, repair services and sports equipment for city residents
+++ Portland, Oregon outdoor retailer Next Adventure will remain under its original owners after a planned sale fell through, allowing the business to continue operating while the owners explore new long-term options +++
LEGAL & INSTITUTIONAL
+++ Klarna said a court has awarded PriceRunner US$1.97 billion in damages in its antitrust case against Google over the preferential treatment of Google’s own comparison-shopping service, although the ruling remains subject to appeal
+++ The Canadian Paralympic Committee has unveiled a new logo featuring a prominent maple leaf above the Paralympic Agitos, reinforcing its Canadian identity while aligning with the organization’s long-term growth strategy and updated International Paralympic Committee branding +++
ADVENTURE TRAVEL
+++ US companies Backcountry and EF Adventures have formed a strategic partnership that combines guided adventure travel with curated outdoor gear, exclusive member benefits and co-branded tours for outdoor enthusiasts +++
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