NEWS HUB Cadence Performance taking control of Giant St Paul’s C
adence Performance has announced it is taking control of Giant St Paul’s, based in the heart of London. Cadence said it looks forward to bringing the St
Paul’s team into the Cadence family of four existing stores – Crystal Palace, Radlett, Twickenham and Shoreham-by-Sea. “Our relationship with the team at Giant UK is incredibly
strong and this acquisition will help the partnership continue to flourish,” said a statement. “We are hugely excited to start working together to deliver the customer service levels and specialist services that Cadence has become known for over the years.” ■
Vista Outdoor to separate firearm and cycling divisions V
ista Outdoor Inc. has announced plans to separate its firearms and outdoor goods segments into two independent, publicly-traded companies. The company expects to create these companies through
a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders. Following the separation, the company said its Outdoor
Products segment will be an industry-leading platform of outdoor brands including CamelBak, Bell, Giro, Camp Chef, Bushnell, Bushnell Golf, Foresight Sports, Stone Glacier and QuietKat. As an independent company, Sporting Products will continue to focus on ammunition categories through brands including Federal, Remington, CCI, Speer, Estate Cartridge and Hevi-Shot. Outdoor Products, which the company said will be renamed at a later date, will serve consumers in a diverse and fast-
United Sports Brands acquires Pearl Izumi from Shimano
U
nited Sports Brands (USB) has acquired Pearl Izumi USA from Shimano. The manufacturer and retailer of cycling apparel
and accessories will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands. Pearl Izumi was acquired by Shimano in 2008 and the brand has since realised significant US and international growth, driven by its core road cycling apparel category and by emerging categories such as mountain bike, casual apparel, and footwear.■
10 | June 2022
growing set of categories, representing an estimated $30 billion domestic market in its core and immediately adjacent end markets, with an estimated total global addressable market in excess of $100 billion. Outdoor Products will be led by Chris Metz as chief executive
officer and Sudhanshu Priyadarshi as chief financial officer, following completion of the separation. The other members of the Outdoor Products leadership team will be announced at a later date. It will be headquartered in Bozeman, Montana. ■
Raleigh takes over UK distribution of Babboe cargo bikes
Raleigh has announced that it is taking on the UK distribution of Babboe Cargo Bikes. The company launched its own electric cargo bike range Stride last year and said it is excited to take on Babboe too. A UK-specific range of Babboe bikes, accessories and spares will be kept in stock in Raleigh’s Nottingham warehouse with support from local account managers, as well as expert internal warranty and support teams. Lee Kidger, Raleigh UK managing director, said: “Electric cargo bikes offer low cost, sustainable transport for families and businesses, and present a huge opportunity for UK retailers.” ■
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