Why the Dealmaker Behind Vail Resorts Went Down Under to Expand His Skiing Empire

Illustration: Peter Diamond/Bloomberg Markets

When Rob Katz, CEO of Vail Resorts, bought Podunk ski areas outside of Detroit and Minneapolis in 2012, some people in the business thought he was nuts. They probably knew better than to underestimate him as he added another obscure bump in March: Australia’s Perisher, where much of the snow is man-made and half the lifts are T-bars, J-bars, and rope tows.

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