Editing Kore Outdoor (section)

=== Establishment in 2020 ===

On 15 October 2020, GI Sportz Inc. and its American affiliates entered receivership.

KSV Restructuring Inc. was appointed receiver to oversee the companies' property, assets and business operations.

On 22 October 2020, GI Sportz announced a proposed restructuring involving the sale of its business to a newly established company, Kore Outdoor Inc.[5]

The transaction was completed on 1 December 2020.

Kore Outdoor was initially owned by [[Fulcrum Capital Partners]], the existing majority shareholder of GI Sportz, alongside members of the management team and [[Richmond Italia]].

Billy Ceranski, previously president of GI Sportz, became chief executive officer of Kore Outdoor.

Paul Antoniadis was appointed senior vice president and chief financial officer, while Dave "Opie" Thomas continued as chief operating officer.[1]

The restructuring transferred GI Sportz's operating business and established brands to Kore Outdoor.

GI Sportz continued as a product brand within the new company rather than disappearing from the market.