All Article articles – Page 66
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ArticleHelen of Troy’s outdoor business shows resilience in Q1
Outdoor-related products, including the recently acquired backpack manufacturer Osprey Packs, led sales gains in the Home & Outdoor segment of El Paso, Texas-based consumer goods group Helen of Troy in the first quarter ended May 31. Sales gains for the segment came despite a decline in the company’s overall top ...
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ArticleAnalysis: Outdoor industry stocks fell more than 21% in Q2
Outdoor industry stocks fared worse in the second quarter than in the first period of 2022, declining an average of 21.18 percent compared to a 17.84 percent sequential drop in the average stock prices of companies primarily involved in the outdoor and bicycle sectors. This time around, our quarterly analysis ...
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ArticleBicycle Stocks Q2 2022: Russia’s invasion causes market low
After the stock market booster called hope catapulted the OIC Bicycle Stock Chart 2021 to new heights and seemed to defy all realities, the high flight ended with Russia’s invasion of Ukraine. The chart of the first quarter of 2022 already showed a steep decline, which now also continued in the second quarter.
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ArticleVista Outdoor to acquire Fox Racing
Virginia-based Vista Outdoor Inc, the parent company of 39 sports and outdoor brands, announced it has entered into a definitive agreement to acquire Fox Racing, a global provider of high-performance motocross, mountain biking and lifestyle gear from Irvine, California. The purchase price is $540 million, with the possibility of earning ...
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ArticleRossignol Bikes available in most EU countries and U.K.
Source: Rossignol After the French Groupe Rossignol SA decided to focus entirely on its own Rossignol brand in the bicycle sector as part of a radical restructuring phase, no stone was left unturned. At the beginning of 2021, the domestic bicycle and pedal subsidiary Time Sport International ...
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ArticleMichael Sieber, Ortovox: “Family is essential”
In our interview with Michael Sieber, member of the Ortovox executive board, head of the new customer and brand division and head of sales, we learn more about the geopolitical situation, the internationalization of the company and why family is so important in a healthy work environment.
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ArticleJack Wolfskin acquires Polish distributor, establishes central hub for Eastern European growth
Jack Wolfskin has acquired its 24-year distributor for Poland, FAM Sp.K., strengthening its newly formed company Jack Wolfskin Poland Sp. z o.o., based in Gdynia near Gdansk, to bolster the brand’s presence in the fast-growing Polish market. The subsidiary will also serve as a strategic hub for all of Eastern ...
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ArticleThe Lycra Company taken over by creditors
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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ArticleEuropean Outdoor Summit early bird rates end soon, keynote speakers announced
On October 6 and 7, 2022, the outdoor world’s senior executives gather in Annecy for the European Outdoor Summit (EOS), organized by the European Outdoor Group (EOG) and Outdoor Sports Valley (OSV) – powered by Dometic as a champion sponsor for the first time. EOG and OSV members are offered ...
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ArticleSAC pauses Higg Index consumer-facing transparency program
Following the Norwegian Consumer Agency’s (NCA) official notice to the Sustainable Apparel Coalition (SAC) – regarding Norrøna and H&M and the use of life cycle assessment (LCA) data from the Higg Index to support consumer-facing environmental marketing claims – the SAC has now released a statement addressing the allegations. In ...
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ArticleEuropean Council and Parliament agree on provisional sustainability reporting directive
The European Council and European Parliament have reached a provisional political agreement on the corporate sustainability reporting directive (CSRD) that is now subject to approval by the Permanent Representatives Committee. Amending the 2014 non-financial reporting directive, the corporate sustainability reporting directive introduces more detailed reporting requirements, especially for large companies, ...
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ArticleNew products for Tour de France brand merchandise
Tour de France is introducing a new brand, “Maillot Jaune,” with products for cyclists of all abilities. Italian equipment supplier Santini is supporting the launch with the creation of an initial exclusive collection that celebrates the Tour. New manufacturers will be called on to support the brand in the future. ...
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ArticlePorsche Ventures invests in London-based bicycle insurance provider
Laka, a London-based bicycle insurance provider that announced a $12 million Series A round earlier this year, has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG, bringing the total round to $13.5 million. The Series A funding was initially led by Autotech Ventures, followed by ...
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ArticleAfter successful return of OutDoor by ISPO, EOG continues to plan for new era of trade shows
The European Outdoor Group (EOG) has thanked its members and the wider industry, who supported the return of OutDoor by ISPO this year. The trade show was held in Munich earlier this month for only the second time since EOG members voted to move the show in 2018. The EOG ...
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ArticleZDHC releases its third Impact Report
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation has released its 2021 Impact Report, which, according to the organization, shows positive results for the fashion industry. Based on manufacturing suppliers who tested and reported all their wastewater results on the ZDHC Gateway in October 2021, 98 percent of manufacturing suppliers ...
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ArticleUSWE acquires Oregon-based Giant Loop, opens U.S. subsidiary
Swedish company USWE Sports AB has agreed to acquire U.S. companies Giant Loop LLC and Armadillo Bag LLC, among the most successful brands in the soft-bag segment for the off-road market in the U.S. The fixed acquisition price totals approximately $3 million, of which roughly $1.5 million will be paid ...
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ArticleBergzeit launches second-hand platform
On June 1, 2022, the German mountain sports e-tailer Bergzeit launched its own online store for used outdoor clothing. At “Bergzeit RE-USE,” outdoor enthusiasts can get well-preserved and fully functional outdoor clothing. Second-hand shoes and outdoor gear will be added over the course of the year. “This is the only ...
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ArticleNew HeiQ AeoniQ yarns made from Circulose pulp instead of polyester and nylon
HeiQ of Switzerland and the Swedish sustaintech company Re:NewCell have joined forces to commercialize 100-percent circular and bio-based high tenacity filament yarns as viable replacements for fossil fibers such as nylon and polyester on a large scale. Together, the two companies are pursuing a vision of a circular and bio-based ...
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ArticleThe Natural Fibers Alliance calls for suspension of Higg Index
In the wake of the recent New York Times article “How fashion giants recast plastic as good for the planet,” the Natural Fibers Alliance (NFA) is also campaigning for an immediate suspension of the use of the Higg Index. Since its implementation in 2012 by the Sustainable Apparel Coalition, the ...
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ArticleIsbjörn reports consistent, sustainable growth
Swedish outdoor children’s apparel brand Isbjörn of Sweden has announced 20 percent year-over-year global growth through April 2022. Isbjörn was recently acquired by Online Brands Nordic AB, which will provide a solid financial backbone for further sustainable growth, and reported a healthy Ebitda of more than 11 percent. Isbjörn is ...
