All Article articles – Page 67
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ArticleSAC’s Higg Index faces public criticism from media and Norwegian authorities
The Sustainable Apparel Coalition (SAC) faces headwinds for its Higg Materials Sustainability Index from the New York Times and the Norwegian Consumer Authority (NCA). One problem the coalition faces is an article published by the New York Times, accusing the Higg Index of strongly favoring synthetic materials made from fossil ...
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ArticleVittoria Group and A Dugast open new regional headquarters in the Netherlands
Right after the acquisition of A Dugast by the Vittoria Group in May 2021, there were considerations on how best to join forces and exploit synergies. On June 15, the two bicycle tire suppliers inaugurated the new headquarters of Vittoria Northern Europe and A Dugast in Oldenzaal, the Netherlands. This ...
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ArticleFirst Norrøna Store opens in Germany
Norwegian outdoor brand Norrøna opened its first German flagship store on July 15, with 400 sqm of space on Sendlinger Straße at the entrance to the Asamhöfe in downtown Munich, previously home to Geox, the shoe brand. The Norrøna store opening is part of a large-scale sales and marketing initiative ...
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ArticleOutDoor by ISPO 2022: The show is back. And so is the business community.
On Tuesday, June 14, the OutDoor by ISPO in Munich ended. The trade show was also representative of the relaunch of the ISPO Group’s sports trade shows after two and a half years of the Covid pandemic. Surprisingly for many, Messe München placed the show in the Munich Order Center ...
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ArticleMips presents new strategy and updated financial targets
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
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ArticleSSU partners with Rhenus on “largest bicycle components hub in Europe”
Signa Sports United (SSU) announced a strategic partnership with Rhenus Warehousing Solutions and the opening of a new state-of-the-art SSU warehouse. The newly built 20,000-square-meter facility, which SSU says is the largest bicycle parts hub in Europe, is strategically located in Hockenheim, Germany, with excellent distribution channels to several European ...
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ArticleFox Factory publishes first global sustainability report
In time for World Environment Day, Fox Factory – based in Georgia, USA – released its first sustainability report for 2021. The report includes the results of the company’s first materiality analysis, which led to the development of the Fox Factory Frontiers sustainability strategy. The publication summarizes the current state ...
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ArticlePorsche takes over remaining 80 percent in Fazua
Porsche AG seemed to like what it saw when it acquired a 20 percent minority stake in fledgling e-bike drive manufacturer Fazua GmbH in January 2022. The German sports car maker now announced it will acquire the remaining 80 percent. No details were provided about the sale price. The Stuttgart-based ...
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ArticleBergans named circular company of the year in Norway
Bergans was named “Circular Company of the Year” at Den Store Sirkulærkonferansen (Great Circular Conference) in Oslo on June 7. The annual conference, organized by Cnytt.no, the Norwegian Center for Circular Economy and Circular Norway, is a place where companies, industry, organizations and policymakers come together to present and discuss ...
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ArticleBain survey shows fast growth of sustainable thinking in Asian countries affected by pollution
The consulting firm Bain & Company has released the outcome of a new study conducted among 16,000 consumers in eleven countries across seven product categories. The interesting results: Most fast-growing Asia-Pacific markets have larger environmentally and socially conscious and health-conscious segments than mature markets like North America or Europe. The ...
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ArticleBruno Maier takes over helm of UWI from Claude Jordan
Source: UWI Bruno Maier Following the retirement of the previous CEO and president of United Wheels Inc. (UWI, with bicycle brands Batch Bicycles, Buzz E-Bikes, Huffy, Niner Bikes, Royce Union and Vaast Bikes), Claude Jordan, after nearly four years in office, the U.S.-based company, under the wing ...
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ArticleSchöffel publishes sustainability report 2021
Source: Schöffel Sustainability Report 21 In its comprehensive sustainability report just published, Schöffel looks back on the efforts made to improve on transparency of the supply chain, product longevity and a reduction of CO2 emissions. Firstly, Schöffel collaborated for the first time with the University of Augsburg ...
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ArticleNordic Swan Ecolabel increases focus on textiles
The Nordic Swan Ecolabel has announced new requirements for clothing and other textile products. The official and currently most important ”sustainability” label of all the Nordic countries (Iceland, Norway, Sweden, Denmark and Finland), which has so far been used more for other consumer goods such as soaps, detergents, etc., is ...
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ArticleSSU’s sales bolstered by acquisitions
Signa Sports United (SSU), battling worsening consumer sentiment in Europe and persistent bike/e-bike shortages as headwinds, expanded second-quarter revenues by 47.5 percent to €269.0 million from €182.0 million. The increases were aided by including results from its recent WiggleCRC and Tennis Express acquisitions (closed on Dec. 14 and Dec. ...
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ArticleWorn Again Technologies builds textile recycling demo plant in Switzerland
Worn Again Technologies, a U.K.-based technology licensing company, reported that it is in the final planning stages of an innovative demonstration plant that will display its cutting-edge polymer processing technologies for textile recycling. The plant, which the business will build and run, will be built in Winterthur, Switzerland, and will ...
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ArticleUSWE sales up 88% in 2021, Q4 hit by geopolitical situation
Swedish company USWE Sports AB, which was founded in 2007 and went public on the Nasdaq First North Growth Market in June 2021, said in its delayed report for Q4, which ended March 31, that, as before, the quarter was marked by problems related to the latest lockdown in China, ...
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ArticleAustralian investment company acquires majority stake in Sea to Summit
Australian investment company Five V Capital has become the majority shareholder of Sea to Summit Pty Ltd, the adventure gear brand headquartered in Perth, Western Australia. Sea to Summit offers adventure equipment such as sleeping bags, dry bags, sleeping mats, tents, camping kitchens and outdoor accessories worldwide. In Australia, Sea ...
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ArticleMunich bike retailer Alpha Bikes parts ways with Specialized, opens Giant flagship
Since founding Alpha Bikes in 1992, owners and CEOs Gerhard Wagner and Daniel Castro have worked hard to create an indispensable bike community in the German city of Munich. When they teamed up with Specialized in 2008, they even gave up their own brand. That was the year they opened ...
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ArticleItaly’s bike exports increase double-digit, e-bikes at 15%
A total of 1,975,000 million bicycles were sold in Italy in 2021 – 2 percent less than in the previous year, according to the annual estimates provided by the Italian bike industry association, ANCMA (Associazione Ciclo Motociclo Accessori). Sales of traditional bikes were down by 3 percent to 1,680,000 units, ...
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ArticleA look at Ternua’s business with its CEO
Ternua Group rounded out 2021 with sales of €28.8 million, up by 15 percent year-on-year and by 11 percent from 2019. Now CEO Jokin Umerez has revealed in an interview with CMDsport that Ternua aims to sustain the same 15 percent growth in sales for the present year, despite uncertainties ...
