Parent company of K2, Volkl, Line, Full Tilt, BCA, and Marmot announces plan to sell or close its winter sports businesses
Newell Brands, a global consumer goods company, announced plans this morning via a press release to sell about 10 percent of its portfolio, including its winter sports businesses K2 Sports, Marker/Volkl, BCA, Line Skis, Full Tilt, and Marmot. If Newell can’t find buyers midway through next year, these brands, which CEO Michael Polk has referred to as “distractions,” will face the chopping block.
Skiers are good with uncertainty. Will this old cheese make me puke? Eh, worth it. Will this cliff drop wreck me? I hope not, but let’s see. But the news from Newell introduces a whole new level of unknowns. By the end of 2017 … More