Editing GI Sportz (section)

=== Financial restructuring and Kore Outdoor ===

In October 2020, GI Sportz and associated businesses entered court-supervised financial restructuring proceedings.

On 15 October 2020, a receivership order was issued in Canada. Related proceedings were also initiated in the United States.[8]

On 1 December 2020, GI Sportz announced that the restructuring had been completed through the sale of its operations to [[Kore Outdoor Inc.]], a newly established company.

Kore Outdoor was owned by existing GI Sportz majority shareholder [[Fulcrum Capital Partners]], together with other shareholders including members of the management team and Richmond Italia.

Billy Ceranski, previously president of GI Sportz, became chief executive officer of Kore Outdoor.[9]

The restructuring retained the GI Sportz, Empire, Tippmann, JT, Spyder and VForce brands within the new organisation.

In December 2021, Kore Outdoor completed the acquisition of the United Kingdom-based GI Sportz Europe Limited through its subsidiary Kore Outdoor Europe Limited.[10]

GI Sportz continued as a product brand under Kore Outdoor.