All Article articles – Page 54
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ArticleTextile Exchange takes a cautiously positive view on COP15
At the conclusion of COP15 in Montréal, Canada, world leaders adopted the Global Biodiversity Framework (GBF). Liesl Truscott, director of industry accountability and insights at Textile Exchange, assesses the agreement for the fashion, textile and apparel industries in a statement on the Textile Exchange website. Textile Exchange sees the COP15 ...
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ArticleOpen letter urges European Commission to revise REACH regulatory
The European Commission has recently decided to postpone the revision of the regulation for evaluating and authorizing chemicals (REACH) to Q4 2023. In response, 22 global consumer companies have called on the president of the European Commission, Ursula von der Leyen, to reverse the decision to postpone the consultation process. ...
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ArticleOutdoor Retailer announces finalists for OR Innovation Awards
Outdoor Retailer (OR) announced the finalists for its fifth annual Outdoor Retailer Innovation Awards. An independent panel of experts evaluated all 132 entries to determine the 30 finalists, which include innovative new outdoor and winter sports products, fabrics and materials, and digital and retail services. All finalists will be displayed ...
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ArticleMichael Sieber: “There will be some bumps in the road”
Ortovox general management reveal their challenges for 2023 and explain why they are confident.
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ArticleCake develops semi-autonomous electric ATV for regenerative agriculture
Source: Cake The Kibb Cake, the Swedish manufacturer of premium lightweight electric motorcycles, will move forward with the development of the Kibb, an electric, semi-autonomous, all-terrain vehicle tailored to the unique needs of regenerative agriculture. The Kibb is designed to perform light agricultural tasks autonomously and with ...
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ArticleItalian investor joins 3T Cycling
To support 3T Cycling’s ongoing rapid growth, UTurn Investments Srl, an independent family firm founded by Gianpiero Peron, Luca Mongodi and Alberto Nicoli, has invested in the iconic high-end Italian niche bicycle company. The focus is also on expanding 3T’s own “Made in Italy“ factory, where not only bike components, ...
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ArticleBritish Mammut owner and investment company Telemos takes majority stake in Vittoria Group
A year and a half after acquiring the Swiss Mammut Sports Group from Bystronic (formerly Conzzeta Group), Telemos Capital is making news with another acquisition in the sporting goods industry. The British investment group has signed a binding agreement to acquire a majority stake in Vittoria Group, the bicycle tire ...
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ArticleSBTi verifies Vaude’s climate targets to be aligned with Paris Agreement
Vaude, the German company that has been climate-neutral by compensation since the beginning of 2022, has now published an update on its climate targets. The climate roadmap has been submitted to the Science Based Targets initiative (SBTi) and reviewed for compatibility under the 1.5-degree target. Three specific targets from the ...
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ArticleVSSÖ announces foundation of new industry interest group ARGE Outdoor
According to the association of sporting goods manufacturers and sports equipment suppliers of Austria (VSSÖ), the outdoor sector has developed into a year-round business area for the sporting goods industry and specialist sports retailers in Austria over the past two years. From September 2021 to August 2022, the Austrian outdoor ...
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ArticleOnly 5% of companies understand their impact on nature, new study reveals
The World Benchmarking Alliance (WBA) has just published its first-ever “Nature Benchmark,” a study that measures how companies are reducing their negative impacts on nature and contributing to the protection and restoration of ecosystems. The study found that only 5 percent of the companies reviewed to understand their impact on ...
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ArticleSAC launches new industry-wide decarbonization program
The Sustainable Apparel Coalition (SAC) has launched a new industry-wide decarbonization program to support and drive the sector toward achieving the necessary emissions reductions. The agenda focuses on collaboration, supporting members, and providing tools and guidance to enable the achievement of these goals. According to SAC, the program is designed ...
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ArticleJohnson Outdoors starting to see some supply chain relief
Johnson Outdoors, which began to experience some easing of supply chain availability in its fishing business in the fourth quarter, reported a 39 percent increase in net income to $9.7 million from $6.9 million for the period ended Sept. 30. Operating profit, however, slipped 2.0 percent to $13.3 million from ...
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ArticleSchwalbe receives 20.000 used bike tires from German retailer for recycling
Ingo Ruhland, a Bavarian bike retailer, has collected used tires in his basement for the last 23 years, waiting for a viable recycling option to develop. Over time, roughly 20,000 tires piled up at his place in Freising near Munich. Now that Schwalbe has developed a scalable recycling process together ...
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ArticleWolverine to divest Keds and leather business, announces staff reductions
Driven by a focus on increasing long-term shareholder value, Wolverine Worldwide is divesting or licensing its Keds brand and Wolverine leather business segments and is initiating an unspecified headcount reduction. The staff cuts are projected to result in approximately $30 million in savings for the company in 2023, and the ...
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ArticleBicycle business faces first major hurdles after pandemic surge
At ISPO Munich 2022, OIC spoke with representatives of Taiwanese sporting goods exhibitors about their counterparts in the bicycle industry and found out that fear is creeping into the business – not only among manufacturers in the Far East, but also among Western bike suppliers and their IBD partners. Read here why the industry is extremely worried.
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ArticleRose Bikes continues double-digit growth in 2021/22
DTC provider Rose Bikes GmbH achieved total sales of €174 million in its 2021/22 fiscal year ending Oct. 31. Compared to the previous year, this is an increase of 17 percent. What the Bocholt-based company is particularly proud of is that, despite bottlenecks in the supply chain, sales of complete ...
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ArticleEquip regaining independence, announcing management changes
Fundamental changes to the Equip Outdoor Technologies UK Ltd. (Equip) company structure: the parent company of Rab and Lowe Alpine announced a multi-million BP financing package with British bank HSBC UK. The financial backing aims to enable Equip to repay investors, including long-time partner Mobeus VCTs, which is advised by ...
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ArticleSilva acquires Primus, Fenix Outdoor remains distribution partner for select markets
Swedish outdoor equipment company Silva, which was acquired by equity investor Verdane in 2021 with decisive expansion plans, has acquired 100 percent of the Primus AB shares from Fenix Outdoor (which also sold its brand Brunton at the end of last year). Source: Primus Both Silva ...
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ArticleBizness Enabler opens own DTC online shop
After opening the retailer-focused online portal named Bizness.eu to sell its distributed brands online, German company Bizness Enabler GmbH has launched My-brand-shop, a new DTC portal operating Europe-wide. In the shop, the Munich-based company offers its distributed brands like BioLite, LifeStraw, Matador and Full-Windsor, as well as Selk’bag (starting in ...
