CORPORATE AND M&A
+++ Clarus, the parent of Black Diamond and Rhino-Rack, among others, has approved the respective requests of two of its largest shareholders, Brown Advisory Incorporated and Greenhouse Funds LLLP, to be permitted to increase each of their respective beneficial ownership to up to an aggregate of 12.5% of the company’s outstanding shares of common stock
+++ Battery manufacturer and supplier to the bike industry BMZ Group has announced that SKion, the investment company of German entrepreneur Susanne Klatten, has acquired a 20 percent stake in the company
+++ Vista Outdoor announced the completion of its acquisition of Bozeman, Montana-based Simms Fishing Products for a purchase price of $192.5 million, which includes a net present value of approximately $20 million in future tax benefits +++
RETAIL & DISTRIBUTION
+++ British wheel brand Parcours is launching in South Africa through a partnership with Roam Sports for distribution, sales and support for riders and retailers in the country
+++ After displaying the upcycling collection Re:mix 001 by designer Christiane Gawlik in the Berlin store for several weeks, Globetrotter is now selling the items through its second-hand online store
+++ After forming the first union in the co-op’s history at an REI store in New York five months ago, employees at the REI store in Berkeley, California, now also decided to unionize +++
PRODUCT & MARKETING
+++ Electra Bicycle Co. has launched a new Artist Series e-bike, the Kākau Go!, which pays homage to the islands that make up Polynesia, the birthplace of surf
+++ Merrell launched its “Hiking Club,” an online hiking community that launched last year in Europe, the Middle East and Africa and offers beta and basic tips for a variety of hikes and trails, in the U.S. with ten trails across the country, planning to add many more by the end of 2022
+++ Tentrr, a leader in ready-to-go camping accommodations, and The Coleman Company, part of Newell Brands, announced an expanded partnership to bring elevated camping experiences to approximately 70 Tentrr sites in close proximity to major U.S. cities by the end of 2022 +++
EXECUTIVE CHANGES
+++ Nordic France has promoted Léo Guilbert to managing director +++
LEGAL & INSTITUTIONAL
+++ The U.S. Outdoor Industry Association (OIA) board of directors has named Kent Ebersole as interim executive director during the organization’s continued search for a permanent executive director, following the resignation of Lise Aangeenbrug earlier this month +++
CSR & SUSTAINABILITY
+++ Lenzing, the Austrian wood-based fiber manufacturer, has announced that its production site in Purwakarta, Indonesia, operated by its subsidiary PT. South Pacific Viscose (SPV), has been using electricity generated solely from renewable sources since July this year +++
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