Tag: Outdoor Retailer

Moosejaw Raises Money To Expand Web Presence

Moosejaw Gift Certificate

The Michigan Opportunities Fund has invested in outdoor retailer
to help the company expand its Web presence and continue to grow its brand. The amount of investment in Moosejaw was not disclosed, but the Fund typically invests between $7 million and $20 million in its portfolio companies. Previous Moosejaw investor Parallel Investment Partners also joined the round.

MEC Launches Own Brand Bike Line

MEC Own Brand Bike Line

Canadian outdoor retailer Mountain Equipment Co-op (MEC) announced yesterday the launch of their own brand bike line. A couple of years ago, MEC commissioned a bike study from their members and found that almost 90% owned a bike, 30% planned to buy new bikes and 75% wanted MEC to get into the own brand bike business. So here they are, but not without controversy. The bicycling industry of Canada seems to be worried about MEC opening their own bike stores and service centers, potentially putting smaller bike stores out of business.  

Outdoor Gear Retailer Kathmandu To Go Public

Outdoor gear retailer Kathmandu announced yesterday their plans to go public through a share market float on the Australian and New Zealand stock exchanges, expected to be worth up to $375 million. The Company will offer between 167 million and 197 million shares to retail investors at a price somewhere between $1.65 and $1.90 per share.

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