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.
In a letter to Colt CZ, Vista said the offer would not be better for Vista's stockholders than the deal to sell the ammunition business to Czechoslovak Group. Vista also appointed co-CEOs Eric Nyman and Jason Vanderbrink.
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.
The company confirmed Wednesday that the global cuts impact salaried positions at all brands, geographies, and corporate.
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.
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.