All Article articles – Page 91
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Articlebd-capital invests in shopping club SportPursuit
SportPursuit, a flash sales website for premium outdoor and sports gear currently selling mainly in the U.K. and Germany, announced its partnership with bd-capital, a London-based, pan-European, operationally managed private equity firm established in 2019. According to a company statement, bd-capital’s investment, which was not disclosed in a detailed manner, ...
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ArticlePentland’s report on modern slavery exposes critical supply chain practices
Source: Hermes Rivera on Unsplash In its Modern Slavery Report 2020, Pentland Group – with its core business, Pentland Brands, managing a portfolio of owned brands including Berghaus, Endura, Speedo, Canterbury, Mitre and KangaROOS, among others – looks back on a year that has presented unprecedented challenges ...
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ArticleAnta Sports publishes profit warning
Amer Sports’ profitability is apparently improving faster than that of the rest of the Anta Sports Group. In a profit warning, Anta, which heads up the joint venture that took over the group two years ago, says it expects a decline in the losses of a joint venture, which we ...
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ArticlePearl Izumi wants you to carbon offset your bike apparel
Colorado-based cycling apparel and footwear brand Pearl Izumi has launched Pedal to Zero™, an initiative to motivate and inspire people to choose cycling as an alternative mode of transportation. Each garment in the brand’s new BikeStyle spring 2022 collection will include a statistic showing the distance one must ride a ...
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ArticleMunich trade shows possible from September, including OutDoor by ISPO
As of Sept. 1, 2021, trade shows will once again be possible in the German state of Bavaria. At a press conference by Munich trade show company Messe München, minister of state Hubert Aiwanger, along with Klaus Dittrich, chairman and CEO of Messe München, and Peter Ottmann, CEO of NürnbergMesse ...
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ArticleNew trail running brand launches first shoe in the U.S.
Speedland, a new trail running shoe company founded by Dave Dombrow and Kevin Fallon in the U.S., is launching its first product, the SL:PDX, the name of which represents the company and its hometown of Portland, Oregon, for pre-order on June 15 and delivery on August 15. At this time, ...
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ArticleEDM Interview Series #02-2021:
Stellar Equipment ABIn part 2 of EDM’s new Interview Series, we spoke with Stellar Equipment’s COO, Mikael Janerås.
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ArticleEagle Creek to be shut down in fall for financial and strategic reasons
As previously noted, VF Corp. has decided to cease operations of its Eagle Creek travel and luggage brand this fall. Before the end of the company’s activities, pre-orders for fall/winter will be delivered and also follow-up business is planned to be served - as far as possible with the remaining ...
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ArticleColonna takes the helm at K2-MDV
Source: K2 Sports John Colonna After three years as president of K2 Sports, John Colonna has been named president and CEO of K2-MDV Holdings. He will be responsible for the Marker Dalbello Völkl (MDV) and K2 Sports businesses, overseeing the global presence of the K2 Skis, K2 ...
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ArticleBig business on social media:
Where digital natives shopThe plain “Buy now”-button seems to be a thing of the past. Online shopping is reducing friction, getting more intuitive, more fluid – and more social. “Social commerce” – or “social shopping” – is the fastest-growing distribution channel worldwide. Shoppable posts and stories allow brands and users to tag specific ...
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ArticleU.S. debut of German-Austrian Nox Cycles
German-Austrian e-bike manufacturer Nox Cycles Austria GmbH, which once emerged from Berlin-based Hawk Bike Sales GmbH, is expanding not only from the DACH region into other EU countries but also toward the Americas. While it has already gained a foothold in South America two years ago through an importer in ...
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ArticleAmnesty accuses China of crimes against humanity in Xinjiang
Amnesty International has released a 160-page report titled Like We Were Enemies in a War: China’s Mass Internment, Torture and Persecution of Muslims in Xinjiang. Since 2017, Amnesty argues, Chinese authorities have been using “one of the world’s most sophisticated surveillance systems and a vast network of hundreds of grim ...
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ArticleSupply Chain Act adopted by German parliament, EU to follow up with stricter rules
As expected, the German parliament passed the Supply Chain Act last week. The law, which aims to force companies to take responsibility for human rights abuses such as forced and child labor, forced evictions, oil pollution and land theft within their supply chains, will come into effect on January 1, ...
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ArticleCotopaxi and Nemo to offer second-hand products in the U.S. through REI
Cotopaxi and New Hampshire-based outdoor gear design company Nemo announced the launch of a new trade-in recommerce program with Trove and U.S. outdoor retail chain REI to provide customers with more options for used gear. Trove develops technology that enables brands to take control of their resale marketplaces to deepen ...
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ArticlePrivate equity firm invests in German bicycle retailer LJB
The private equity firm Borromin Capital has invested in the German bicycle retail chain Little John Bikes GmbH (LJB) to drive the retailer’s national growth and to support the company’s further structural and strategic development in the areas of regional presence expansion, corporate acquisitions and the expansion of existing and ...
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ArticleSigna Sports United buys bike e-tailer Wiggle - and plans to go public
Through a merger with Yucaipa Acquisition Corporation, a U.S. special purpose acquisition company, the previously indicated IPO (see SGI Europe) of Berlin-based Signa Sports United (SSU), led by Austrian investor Rene Benko, will now proceed faster than anticipated. According to a projected valuation, the combined company is expected to reach ...
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ArticleRab & Lowe Alpine release first sustainability report
British companies Rab and Lowe Alpine have just published their first official sustainability report (direct PDF download), covering the 2020/21 fiscal year. The two brands owned by Equip Outdoor Technologies have identified four pillars for their CSR efforts: Product, Planet, Partners and People. Within the “Product” theme, the main points ...
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ArticleLive video shopping: Isbjörn pilots with Streamify, Go Instore sees popularity despite end of lockdown
Even as more and more countries are reopening brick-and-mortar retail, store technology service provider Go Instore sees strong interest in its platform that enables virtual visits to retail stores since pandemic restrictions imposed temporary store closures across Europe. The London-based IT company recorded 2.4 million unique visitors to its offering ...
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ArticleNew boss and new structures for Dachstein’s parent
Juha Luhtanen, 51, became the new managing director of the Luhta Sportswear Company on May 4, taking the place of his older brother, Vesa Luhtanen, who has retired after many years at the helm of the Finnish-based family-owned company, previously known as the L-Fashion Group. The change of management has ...
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ArticleBike and sports e-commerce retailer Bike24 plans to go public in 2021
In September 2019, private equity firm The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH, from British cycling e-commerce giant Wiggle CRC. Riverside had sold the continental European cycling online platform to the British industry giant in 2017. However, that deal had ...
