oldcorollas
Levin the moment
"Kent is synonymous with outdoor sports and the pursuit of outdoor adventure," said Cook. "Focusing on the Company's profitable core business lines that provide the greatest promise for long-term growth will help right the ship and navigate the Company into calmer waters."
In connection with the investment of capital and the management team coming onboard, the Company performed a strategic review of its operating units and determined that it would continue to seek a buyer for its bike business, Kona. This move allows the Company to direct its resources toward investment in its key water sports businesses. The bike industry has faced very significant challenges in the post covid world and Kona has not been immune to these headwinds."
In connection with the investment of capital and the management team coming onboard, the Company performed a strategic review of its operating units and determined that it would continue to seek a buyer for its bike business, Kona. This move allows the Company to direct its resources toward investment in its key water sports businesses. The bike industry has faced very significant challenges in the post covid world and Kona has not been immune to these headwinds."
Kent Outdoors Announces $100 Million Credit Facility From Eclipse Business Capital to Support Growth Strategy
/PRNewswire/ -- Kent Outdoors ("Kent" or the "Company"), which has been helping people in their pursuit of outdoor adventures for more than 60 years, today...
www.prnewswire.com