Vista Outdoor to Sell Sporting Products Business for $1.91 Billion
The outdoor products segment, recently rebranded as Revelyst, will become a standalone public company when the sale closes. Andy Keegan, current vice president and interim CFO of Vista Outdoor, plans to join Revelyst as CFO.
Vista Outdoor Rejects Unsolicited Proposal to Buy Company
In a letter to Colt CZ, who made the proposal, Vista's interim CEO Gary McArthur said the offer would not be better for Vista's stockholders than the deal to sell the ammunition business to Czechoslovak Group.
Product Highlights From Outdoor Retailer 2023 Winter Show
The Daily walked the floor to speak with exhibitors about their products, stopping by BlenderCap, Pingora, Mainers, Ortovox, Grivel, OOSC, Cardo, Alpaka, and Goorin Bros.
VF Corp. Lays Off About 500 Under Reinvent Turnaround Plan
The company confirmed Wednesday that the global cuts impact salaried positions at all brands, geographies, and corporate.
Inside Teton Gravity Research’s Retail Expansion Plan
The Daily spoke with TGR co-founder Steve Jones about the unusual shape of the business, why it’s pushing to open more branded retail, and the overall state of the company.
Backcountry to Sell European Subsidiary to Decathlon
The move is part of Backcountry's efforts to narrow its focus on the North American market.
Vista Outdoor Receives Unsolicited Proposal to Buy Company
Firearm maker Colt CZ Group offered to buy the company for $30 per share, or $1.74 billion, which, if accepted, would scrap the deal announced earlier this year to sell Vista's sporting products business to Czechoslovak Group.