All Article articles – Page 99
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ArticleThe North Face launches campaign and collection celebrating women
For International Women’s Day on March 8, The North Face (TNF) launches the Explore Everyday campaign, celebrating women who push boundaries, who move mountains big and small, who are proud to be different and lead the way so others can follow their example. Source: The North Face IWD ...
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ArticleVF Foundation releases first Impact Report
The VF Foundation, the philanthropic arm of VF Corp. established in 2004 with global headquarters in Denver, has released its first report detailing the positive impact its financial grants and philanthropic partnerships have had on more than four million people in 53 countries over the past year. From April 2019 ...
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ArticleSAC and Higg release a new value-chain tracker
About 500 brands – among them Walmart, Patagonia, Nike, H&M, Zalando, Benetton and VF Corp. – will be using the latest version of the Higg Brand & Retail Module (BRM) for the next two years. Developed by the Sustainable Apparel Coalition (SAC) and Higg, the BRM is designed to evaluate ...
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ArticleBamboo producer buys 31.8% of Merida Italia
Forever Bambù, a company active in the cultivation of giant bamboo through biodynamic and symbiotic agriculture, has acquired 31.8 percent of Merida Italia, the Italian branch of Taiwan’s Merida Corporation. The transaction was carried out as part of a €2 million capital increase, of which €750,000 were signed by Forever ...
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ArticleRecord quarter for Fox
Fox Factory Holding Corp., which manufactures performance-defining ride dynamics products primarily for bicycles, on-road and off-road vehicles and trucks, achieved record fourth-quarter sales, rising by 41.2 percent to $262.4 million. This increase reflects a 44.6 percent rise in its specialty sports group sales and a 38.7 percent gain in the ...
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ArticleWolverine sees weak results, but remains hopeful for 2021
The year 2020 was a difficult one for Wolverine Worldwide. Looking on the bright side, the management said it delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next 12 to 16 months. The group posted a double-digit sales decline in the ...
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ArticleBoa helps drive strong Q4 at CODI
U.S. investment and holding company Compass Diversified (CODI) reported better-than-expected fourth-quarter net income, boosted by its acquisitions of Marucci and Boa Technology. The company said net income for the three months to Dec. 31 rose to $8.8 million from $5.4m a year earlier. Sales in the period increased to $475m, ...
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ArticleHartje and Mavic cooperate in Benelux and Denmark
Effective March 1, German bicycle wholesaler and importer Hermann Hartje KG will distribute the French brand Mavic in Benelux and Denmark. In Germany, Mavic S.A.S. currently still distributes its products with its own team. Both partners have a long history: Hartje has been around since 1895, Mavic since 1889. In ...
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ArticlePolygiene records best quarterly sales ever
Polygiene said that the fourth quarter was the best in its history, with sales rising by 40.0 percent from the year-ago quarter to a record 26.6 million Swedish kronor (€2.7m-$3.2m). Revenue growth was largely due to the success of Polygiene’s ViralOff in the context of the Covid-19 pandemic, as this ...
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ArticleAmpler Bikes continues to expand after doubling sales in 2020
After doubling its sales last year, young B2C e-bike company Ampler Bikes is looking to simultaneously expand into other national markets this year while maintaining a high growth rate in Germany (currently the company’s most important market). For 2021, the Estonians have their sights set on Switzerland and the Netherlands. ...
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ArticleSRAM buys Time Sport’s pedal business from Rossignol Group
After having already announced that it had sold the carbon frame and fork production, including the RTM Composite factory of its subsidiary Time Sport International to the French-American investment and management group Cardinal Cycling Group, the French Groupe Rossignol is now also parting with the Time pedal division. The buyer ...
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ArticleNew Zealand Merino launches 100% regenerative wool platform with Icebreaker, Allbirds and Smartwool
The New Zealand Merino Company (NZM) and global Merino wool apparel and footwear brands Icebreaker, Smartwool and Allbirds will work collectively with 167 sheep growers in New Zealand to create ZQRX, the world’s first regenerative wool platform. “ZQRX is an important and necessary evolution of our ethical wool program, ZQ,” ...
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ArticleVolkswagen enters bicycle leasing and financing business
On February 18, Volkswagen Financial Services, a wholly-owned subsidiary of German automaker Volkswagen (VW), announced an expansion of its broad range of mobility services to include leasing and financing of bicycles and e-bikes. The new business will be generated through VW Volkswagen Financial Services’ investment in Digital Mobility Leasing (26 ...
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ArticleNiche e-bike brand Nox Cycles launches crowdfunding campaign
German-Austrian bike brand Nox Cycles, which set its course towards e-bikes in 2015 and founded Nox Cycles Austria GmbH based in Zillertal two years later, is currently attracting attention. Last year saw the launch of the construction of “Fort Nox”, a state-of-the-art, sustainable and resource-saving administration and production building with ...
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ArticleMoncler's annual sales down 12% despite good 4th quarter
Moncler returned to growth in the fourth quarter, growing by 8 percent to €675.3 million, led by Asia and the Americas. On a constant-currency basis, they improved by 7 percent. The company benefited from the strong expansion of the Chinese market, growth in Korea and Japan, plus a robust e-commerce ...
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ArticleBike helmet brand Catlike acquired by Polisport
Portugal’s Polisport Group, a global leader in children’s bicycle seats, specializing in the bicycle and off-road motorcycle accessories product world with a total of seven companies and nine brands, has acquired Spanish bicycle helmet and accessories brand Catlike. With Catlike, Polisport aims to strengthen its portfolio with another brand in ...
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ArticleJoin the #itsgreatoutthere Outdoor Activity Days kick-off event on Feb. 24
All of our readers are invited to attend the Outdoor Activity Days kick-off event on Zoom next week hosted by the It’s Great Out There Coalition. The It’s Great Out There Coalition, founded in 2017 by the European Outdoor Group (EOG) and still strongly supported by the association, has grown ...
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ArticleGarmin’s outdoor and fitness sales surge
Robust demand for advanced wearables and cycling products helped Garmin post record results for the fourth quarter of 2020. The company headquartered in Schaffhausen, Switzerland, with operational headquarters in Olathe, Kansas, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent ...
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ArticleApex Global Brands to be sold to Galaxy Universal
Caifornia-based Apex Global Brands Inc., a global brand management and licensing organization previously called Cherokee Global Brands and the parent company of the Hi-Tec, Magnum and Tony Hawk brands, amongst others, confirmed that it has entered into a merger agreement with Galaxy Universal LLC, a Colorado-based project management and investment ...
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Article3M will invest US$1 billion in environmental goals
U.S. multinational conglomerate 3M is planning to invest about US$1 billion over the next 20 years to meet its new environmental goals. These include carbon neutrality by 2050, reducing water use by 25 percent at its plants and returning higher-quality water to the environment after use in manufacturing. The company’s ...
