All Article articles – Page 110
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ArticleRainer becomes Oberalp’s CSO, Busa is Salewa’s new GM
Justifying the introduction of a new sales structure with a shift to a “channel-driven approach” rather than a geographical basis under the management of Christoph Engl, the Oberalp Group has announced that Stefan Rainer will become its chief sales officer on Oct. 1. Rainer, who has been the general manager ...
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Anta’s president will run Amer Sports
Jie (James) Zheng, executive director and president of Anta Sports Products, is taking over the responsibilities of Heikki Takala, who has decided to resign from his role as president and chief executive of Amer Sports after ten years in the position. Takala, a former commercial director of Procter & Gamble, ...
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ArticleNew brand identity for avalanche airbag pioneer ABS
SpinCapital, the Munich-based owner the German brand ABS since 2017, is reinventing the well-known avalanche airbag brand founded in 1985 with a new strategy, new brand identity, new products, digital offensive and stronger trade marketing.The founder of SpinCapital and chief executive of ABS, Stefan Mohr, is responsible for the newly ...
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ArticleUK sport and physical activity sectors demand Covid-19 sports recovery fund
The Outdoor Industries Association (OIA) reports that leaders of more than a hundred sports and exercise institutions in the UK have sent a letter to Prime Minister Boris Johnson urging him to reserve funds for the rehabilitation of the sports and activity sector - or risk fueling lack of exercise ...
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ArticleKathmandu’s revenues soar thanks to Rip Curl’s acquisition
Kathmandu Holdings scored record sales for its financial year ended on July 31 2020, boosted by the acquisition of Rip Curl during the period. The group’s revenues soared by 48.7 percent to 801.5 million New Zealand dollars (€451.6m-$526.8m), with Rip Curl accounting for 40 percent of the total turnover, but ...
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ArticlePatagonia’s European chief will run the whole group
Ryan Gellert, an American who has been running Patagonia EMEA since the end of 2014, has been promoted to serve as chief executive of Patagonia Works, the parent company of Patagonia Inc. In addition, Jenna Johnson has been promoted from vice president of technical outdoor to a new post as ...
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ArticleFischer lays off 150 workers
Like Rossignol, which has just announced the elimination of 95 jobs, Fischer Sports has decided to lay off 150 workers at its Ukrainian ski factory following a drop of about 25 percent in pre-orders for the coming autumn/winter season. However, the management is cautiously optimistic about the near-term future, considering ...
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ArticleABK is closing down
ABK Company, owner of the ABK climbing brand, is winding up its business, which has run out of capital and was placed in liquidation on Aug. 4 by France’s commercial court. According to Hugo Allard, the company’s chief executive and one of its founders, it was the combination of Covid-19 ...
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ArticleBob Gore, inventor of Gore-Tex, has died
Robert W. “Bob” Gore, chairman emeritus of the board of directors of W. L. Gore & Associates, died on Sept. 17 at the age of 83. Gore sat on the board of his family’s materials science company for 57 years, 30 of them as chairman, and served as president from ...
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ArticleChamatex to open “smart” footwear factory in France with Salomon and others
French textile producer Chamatex has teamed up with Salomon, Babolat and Millet as well as an investment company on the construction of a new footwear manufacturing facility called Advanced Shoe Factory 4.0 (ASF 4.0) in the Auvergne-Rhône-Alpes region of France. ASF 4.0 was founded by Chamatex with the goal of ...
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ArticleNew Higg tool assesses environmental impact of finished products
After last month’s release of the updated Higg MSI and the Higg Brand & Retail Module (Higg BRM) in April, the Sustainable Apparel Coalition (SAC) and its spin-out tech company, Higg Co, have launched the Higg Product Module (Higg PM), a sustainability tool that assesses the environmental impact of manufactured ...
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ArticleCanada’s MEC to be taken over by U.S. investor; co-op owners feel betrayed
The announced sale of Canada’s best-known outdoor equipment retailer, Mountain Equipment Co-op (MEC), to Kingswood Capital Management, a Los Angeles-based private equity firm, has sparked widespread discussion across Canada. MEC was founded in 1971 in Vancouver, British Columbia. To be able to shop in the store, customers had to purchase ...
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ArticleShopify moves Canadian head office, shifts to more permanent remote work
Canadian software company Shopify Inc. has announced that it will vacate its headquarters at 150 Elgin Street in Ottawa and move to an office tower on Laurier Avenue. The 170,000 square foot space served over 850 Shopify employees prior to the Covid-19 pandemic. In May, when the company announced its ...
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ArticleApex widens losses
Impairment charges of close to $10 million mostly related to the impact of the Covid-19 pandemic weighed on the profits of Apex Global Brands, previously called Cherokee Global Brands. Net loss for the parent company of Hi-Tec, Magnum, and Tony Hawk expanded by 5 percent to $1.3 million for its ...
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ArticleKlarna becomes the most valuable financial start-up in Europe
Klarna, a Swedish online payment service provider with headquarters in Stockholm, raised $650 million in an equity funding round, which values the whole company $10.65 billion. Klarna claims that the valuation ranks it as the highest-valued private fintech in Europe and the 4th worldwide. The funding round was led by ...
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ArticleCompanies are starting to switch from sea and air to rail to ship to and from China
A train loaded with Lenzing fibers, which left Vienna, Austria, on Aug. 20, reached its destination, the Xinzhu station in Xi’an, China, after only 16 days. The train, which carried 41 containers of Tencel™ Lyocell and Modal fibers with a total value of €1.8 million, covered a total of 10,460 ...
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ArticleTretorn strengthens management team in efforts to accelerate DTC transition
Tretorn, the Swedish footwear, outdoor apparel and rainwear specialist, continues to reinforce its management team as it seeks to overhaul its business model and develop direct-to-consumer channels. In the summer of 2019, the company, which was established in 1891, appointed Magnus Månsson as its new chief executive. Before joining Tretorn, ...
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ArticleTriple-digit growth in Zumiez' profits
Zumiez, the American action sports retailer that owns Blue Tomato in Europe and Fast Times in Australia, bounced back in the second fiscal quarter ended on Aug.1, after a difficult start of the year due to retail lockdowns. Its net income soared by 181 percent to $25.4 million, on revenues ...
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ArticleThule Group is changing its senior management
Thule Group is forming a new senior management team to take a “global approach” to its supply chain and product development, starting on Oct 1. The change comes with the announcement that Fred Clark, business area president for the Americas region, will be retiring in early 2021, as soon as ...
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ArticleIspo Munich: New hybrid concept for 2021
Ispo.com published an interview with exhibition director Markus Hefter giving insights into the next Ispo Munich, which will open its doors from Sunday, Jan. 31, to Wednesday, Feb. 3, 2021. In the interview, Hefter explains the newly developed hybrid concept of physical and digital participation opportunities. Source: Messe ...
