BRP Shifts Focus, Plans Sale of Marine Businesses

BRP (TSE:DOO) has released an update.

BRP Inc. has announced plans to sell its Marine businesses, including brands like Alumacraft and Manitou, as it shifts focus towards bolstering its Powersports segment amid challenging economic conditions. The company aims to enhance its position as a leading global Powersports OEM and sees potential value creation opportunities for new owners of its Marine brands. This strategic move is expected to capitalize on growth within the Powersports industry without affecting its current financial guidance.

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