Associated tags: Sports, Specialty, Retail, Consumer, Outdoors, Manufacturing, Other Consumer, Fashion, Other Manufacturing, Other Retail, Software, Vista Outdoor, Video game, Sport, Fishing, Golf
Retail,
Sports,
Other Retail,
Other Sports,
Manufacturing,
Other Manufacturing,
Hunting,
Vista Outdoor,
Sale,
RCBS,
CFO,
Culture,
Growth Through this transaction, Revelyst found the right home for RCBS with Hodgdon, a market leader in American manufacturing, smokeless powder, clean black powder substitute and now reloading equipment.
Key Points:
- Through this transaction, Revelyst found the right home for RCBS with Hodgdon, a market leader in American manufacturing, smokeless powder, clean black powder substitute and now reloading equipment.
- “Under Hodgdon’s ownership, RCBS can continue its operational excellence, growth and scale across the shooting sports industry.”
The sale is effective immediately.
- “Selling RCBS allows us to raise cash to create a more dynamic portfolio for our company’s future,” said Andy Keegan, CFO of Revelyst.
- “Revelyst will use proceeds from the sale to enhance the operational efficiencies of the company’s power brands, evaluate bolt-on acquisitions, and invest in maker-fueled innovation and organic growth.”
Baird served as exclusive financial adviser and Reed Smith LLP served as legal adviser to Revelyst on this transaction.
Other Consumer,
Other Manufacturing,
Sports,
Other Retail,
Specialty,
Manufacturing,
Consumer,
Retail,
Outdoors,
Sports complex,
Sport,
Webcast,
Q&A,
CHRO Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), today announced the company will reschedule its Investor Day.
Key Points:
- Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), today announced the company will reschedule its Investor Day.
- The change is in light of the Vista Outdoor Board of Directors’ recent decision to adjourn the date of the planned shareholder vote related to outside interest in the company.
- Initially scheduled for Wednesday, May 29, the event will now take place early in the fall at the company’s Adventure Sports headquarters in Irvine, California.
- The presentations will provide an in-depth review of Revelyst’s strategy, key initiatives, business platforms and financial performance.
Sports,
Other Retail,
Other Manufacturing,
Other Sports,
Consumer,
Other Consumer,
Manufacturing,
Retail,
EMBC,
Empowerment,
BDX,
Medtronic,
Culture,
Carolina Christian College,
Value chain,
Multimedia,
UPS,
Growth,
Management The appointment of a seasoned, transformational supply chain, sourcing and logistics leader is key to helping Revelyst and its brands begin this new chapter.
Key Points:
- The appointment of a seasoned, transformational supply chain, sourcing and logistics leader is key to helping Revelyst and its brands begin this new chapter.
- View the full release here: https://www.businesswire.com/news/home/20240423438660/en/
Joe Beck, Chief Supply Chain Officer for Revelyst (Photo: Business Wire)
Beck most recently served as Vice President of Global Supply Chain for embecta (NASDAQ: EMBC), a medical technology company where he oversaw global supply chain and distribution operations, including the overhaul of their global network design, planning, logistics, and trade technology and change management leadership.
- During the transition, he helped establish the company’s supply chain infrastructure while ensuring continuity of supply and mitigating customer disruptions.
- His ability to design and deploy global supply chain operations for a standalone business — including hiring talent, building effective teams and developing processes, analytics and technology — made him an ideal candidate to be Revelyst’s first Chief Supply Chain Officer.
Online Retail,
Retail,
Sports,
Other Sports,
Manufacturing,
Specialty,
Other Manufacturing,
Vista Outdoor,
LLP,
Central Time,
CSG,
Foreign investment,
MNC,
Gibson Dunn,
Morgan Stanley,
Committee,
Cravath, Swaine & Moore Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) today confirmed it is engaging in discussions with MNC Capital (“MNC”) related to its March 25, 2024 unsolicited indication of interest pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share.
Key Points:
- Vista Outdoor Inc. (“Vista Outdoor” or the “Company”) (NYSE: VSTO) today confirmed it is engaging in discussions with MNC Capital (“MNC”) related to its March 25, 2024 unsolicited indication of interest pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $37.50 per Vista share.
- Michael Callahan, Chairman of the Vista Outdoor Board of Directors, said, “The Vista Outdoor Board does not consider MNC’s revised proposal to be superior to the transaction with CSG and continues to believe MNC’s proposed offer price undervalues the Revelyst business.
- Accordingly, the Board has authorized Vista management to provide MNC with non-public information so MNC can increase its offer price.
- Vista Outdoor notes there can be no assurance the discussions with MNC will result in either an increased offer price or any transaction with MNC.
Other Manufacturing,
Other Sports,
General Sports,
Sports,
Other Retail,
Specialty,
Manufacturing,
Retail,
Online Retail,
CFIUS,
Committee,
Acquisition,
Foreign investment,
Kinetic Group,
CSG,
Transaction Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) (NYSE: VSTO) and Czechoslovak Group a.s. (“CSG”) announced today that they have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor’s The Kinetic Group business (the “Transaction”).
Key Points:
- Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) (NYSE: VSTO) and Czechoslovak Group a.s. (“CSG”) announced today that they have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor’s The Kinetic Group business (the “Transaction”).
- CFIUS’s acceptance of the re-filed joint voluntary notice has commenced a new review period.
- As part of its review process, CFIUS can permit parties to voluntarily withdraw and re-file to enable a complete and thorough review by CFIUS.
- We’re pleased CFIUS accepted our re-filed notice, which will allow the work to continue.
Software,
Sports,
Entertainment,
Other Retail,
Apps,
Applications,
Technology,
Golf,
Other Manufacturing,
Other Communications,
Other Entertainment,
Retail,
Communications,
Manufacturing,
Friends,
Vista Outdoor,
LLP,
Acquisition,
Reed Smith,
Foresight,
Ecosystem,
Sport,
Multimedia The acquisition allows Foresight Sports to capitalize on strong market demand for competitive tournaments and experiences in off-course golf and will fast-track the evolution of Foresight Sports' game and content platform.
Key Points:
- The acquisition allows Foresight Sports to capitalize on strong market demand for competitive tournaments and experiences in off-course golf and will fast-track the evolution of Foresight Sports' game and content platform.
- PinSeeker will be integrated into Foresight Sports, the leading maker of golf launch monitors and simulators, in Revelyst’s Precision Sports Technology platform.
- “Our two Precision Sports Technology platform brands — Foresight Sports and Bushnell Golf — are best-in-class golf brands.
- “PinSeeker reinforces that Foresight Sports is the undisputed leader in golf technology,” said Jon Watters, Co-President and General Manager of Revelyst’s Precision Sports Technology platform.
Other Manufacturing,
Other Consumer,
Sports,
Hunting,
Other Retail,
Manufacturing,
Fishing,
Consumer,
Retail,
Outdoors,
Kinetic,
Vista Outdoor,
CFIUS,
Form,
Carolina Christian College,
Committee,
Sale,
Acquisition,
Foreign investment,
Kinetic Group,
Plant,
CSG,
Special,
Central Time,
Transaction,
British,
Register The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.
Key Points:
- The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.
- “We are excited to reach this important milestone as we position The Kinetic Group and Revelyst for long-term success,” said Michael Callahan, Chairman of the Vista Outdoor Board of Directors.
- “We believe the proposed sale provides is the best strategic alternative to maximize value for stockholders.
- As we look ahead to Revelyst being a standalone company post-separation, our brand-led consumer obsessed and maker-fueled culture is coming into shape.
Sports,
Other Retail,
Outdoors,
General Sports,
Consumer,
Golf,
Other Manufacturing,
Fashion,
Fishing,
Retail,
Other Consumer,
Biking,
Cycling,
Manufacturing,
Webcast,
Sport,
Calendar,
Vista Outdoor,
Sports complex,
Q&A,
CHRO,
Online shopping Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), today announced it will host an Investor Day.
Key Points:
- Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), today announced it will host an Investor Day.
- Revelyst is in the process of separating into a standalone public company , with an expected execution in the second quarter of calendar year 2024.
- The presentations will provide an in-depth review of Revelyst’s strategy, key initiatives, business platforms and financial performance.
- A live webcast and related materials will be available on the Vista Outdoor website ( https://vistaoutdoor.com ) at the time of the event.
Retrieved on:
Tuesday, February 20, 2024
Retail,
Manufacturing,
Sustainability,
Public Policy,
Fishing,
Other Policy Issues,
Environment,
Government,
Sports,
Environmental Health,
Agriculture,
Natural Resources,
Outdoors,
Other Manufacturing,
Fashion,
Head,
Multimedia,
Rocky Mountain Elk Foundation,
Angler,
Interior,
Federation,
Eagle,
The Act,
Life,
Backcountry Hunters & Anglers,
BLM,
Culture,
Trout Unlimited,
Trout,
House,
Recreation,
Organization,
Legislation,
Louisiana House of Representatives,
Rock (geology),
Congress,
Beartooth,
Representative,
Congressional district,
Simms Fishing Products,
Forest service,
Community,
Hunting Key Points:
- View the full release here: https://www.businesswire.com/news/home/20240220521631/en/
On Monday, Feb. 19, Rep. Ryan Zinke, R-Mont., hosted a roundtable on the Public Lands in Public Hands Act at Stone Glacier’s headquarters in Bozeman, Montana.
- “Public lands must remain public, and the federal government has a responsibility to manage and ensure access to those lands.
- The Public Lands in Public Hands Act is the next step in ensuring our public lands are publicly accessible for future generations.
- Representatives from Simms Fishing Products and Stone Glacier, both of which are Bozeman-based, voiced support for the Public Lands in Public Hands Act and explained why Revelyst firmly believes in public land access and stewardship.
Sports,
Manufacturing,
Other Consumer,
Specialty,
Golf,
Fishing,
Fashion,
Other Manufacturing,
Retail,
Consumer,
Outdoors,
Growth,
Carolina Christian College,
Motion,
Culture,
Publishing Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies, today announced an update on its GEAR Up transformation initiative.
Key Points:
- Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies, today announced an update on its GEAR Up transformation initiative.
- Revelyst launched GEAR Up in the fiscal third quarter , quickly actioning the plan to simplify the company’s business model, deliver increased efficiency and profitability from that simplified structure, and reinvest in its highest potential brands to accelerate growth and transformation.
- The company continues to make progress on GEAR Up and is executing against the previously outlined goals.
- GEAR Up actions announced today include:
Expanding select roles to take on cross-brand scope as the company identifies synergies across each platform.
