All Corporate articles – Page 15
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News briefsStolen Goat parent company launches public crowdfunding campaign
Herd Group Holdings has gone publicly live with a crowdfunding campaign on Seedrs. U.K.-based Herd Group, headquartered in Hook, Hampshire, is the parent company to apparel brand Stolen Goat, bikepacking brand Wildcat and the women’s cycling clothing brand VeloVixen, which Herd Group acquired in February following the brand’s entry into ...
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ArticleCake enters China, collaborates with Shanghai manufacturer for 150,000 units
Cake, the Swedish manufacturer of premium lightweight electric motorcycles, has announced a major partnership with Shanghai-based bicycle manufacturer and retailer Shanghai Forever. The goal is to produce and sell 150,000 units in China over the next four years. Shanghai Forever was established in 1940 as one of the earliest bicycle ...
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News briefsSigna Sports United expands North American presence with new Utah HQ
Signa Sports United’s (SSU) North American bike division announced the opening of its new corporate headquarters in Park City, Utah. The office will serve as a hub for SSU’s North American bicycle operations, enabling the company to better serve its growing customer and dealer base in the region and throughout ...
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News briefsBerghaus achieves B Corp certification
U.K. outdoor company Berghaus has received its certification as a B Corporation, joining the global corporate community that is committed to further improving its responsible business practices. The B Corp status was awarded to Berghaus following a rigorous assessment that included governance, people, community, customers and environment. The company supports ...
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News briefsCake enters partnership for Mexico, associated manufacturing for North America
Cake, the Swedish manufacturer of premium lightweight electric motorcycles, has announced a significant partnership with Mexican mobility leader Italika and Citio, a Mexican company offering the first battery swapping network in the country, for electric two-wheel transition and acceleration in Mexico. Italika, owning the majority of the Mexican motorcycle market, ...
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News briefsRe-Commerce company Responsible acquires IT specialist Haru
Responsible, a global circularity platform, has acquired Haru. This tech-powered re-commerce solution was founded in 2018 as a service provider for charity shops (to date, 550 of them work with the Haru solution across Ireland and the U.K.). While joining forces, the two companies are aiming to provide collecting, sorting, ...
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ArticleSchwalbe manufacturer Bohle reports record sales in anniversary year
For its 50th anniversary year 2022, Schwalbe manufacturer Ralf Bohle GmbH has reported record sales of €335 million. Compared to 2021, this is a whopping plus of 20.9 percent. Looking at the current fiscal year, however, the German company is expressing caution: For 2023, the bicycle tire manufacturer anticipates declining ...
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News briefsVibram plans to double footwear sales
Vibram, the Italian sole producer, aims to double its sales of own-brand footwear, which reached €18 million in 2022, Paolo Manuzzi, the chief executive of the Italian sole producer, said in an interview with the daily Il Sole 24 Ore. Last year, the group’s overall sales rose by 50 percent ...
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News briefsCirc closes $25 million funding round backed by Zalando and Avery Dennison
Circ, the Virginia-based fiber-to-fiber recycling tech firm, has secured $25 million in additional funds thanks to a number of new investors as well as previous investors. The new funding round was backed by European online platform Zalando and material science and digital labels maker Avery Dennison. Korean outdoor and sportswear ...
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ArticlePatagonia celebrates 50 years of “business unusual”
Patagonia is turning 50 this year. To mark the occasion, the outdoor apparel company, founded by Yvon Chouinard, is looking to the future and focusing on what’s next. From Patagonia’s perspective, any hope for a healthy planet - as well as a healthy company - requires that all people do ...
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News briefsAlpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
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News briefs
VF issues €500m green bond to support sustainability strategy
VF Corporation, whose brands include The North Face, Timberland and Napapijri, announced the closing of a €500 million green bond issuance, the second since its inception in 2020. An amount equal to the net proceeds from the emission will be used to support programs under the company’s sustainability and stewardship ...
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ArticleSnow Peak and Panasonic collaborate to bring nature back into our lives
The U.S. division of Snow Peak, a Japanese camping brand with more than 60 years of history, is collaborating with creative studio Future Life Factory by Panasonic to explore the theme of “Naosobi” and develop new products to deepen our society’s connection to nature. Noasobi literally means “playing in the ...
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News briefsRapala VMC publishes sustainability report 2022
Finland-based fishing tackle company Rapala VMC, owner of the Rapala, VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Mora Ice, StrikeMaster, Marttiini, Peltonen, 13 Fishing and Okuma brands, has released its latest sustainability report. The report sums up the company’s achievements over the last four years. In 2020, ...
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News briefsWeyco Group plans to expand more into outdoor footwear market
After a strong post-pandemic recovery, U.S.-based Weyco Group is looking to expand further into the outdoor footwear market through acquisitions, CEO Tom Florsheim said during a presentation at the Milwaukee Rotary Club. The footwear retailer is looking to further develop its various brand offerings to follow industry trends while maintaining ...
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News briefsYKK introduces new corporate logo and mantra
Japanese accessories specialist YKK has introduced its new corporate logo and brand motto. The company has gone through a restructuring of its business in April 2021, sharpening its focus on the fastening business, which includes zippers, snaps and buttons. According to the company, a website dedicated to the new corporate ...
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ArticleSpanish bike-rental outfit has big plans
Rookfy, a bicycle-rental platform in Spain, enjoyed a satisfactory debut last year, according to chief technology officer Santiago Alonso, who spoke with CMDsport. The young company has recently added the retailer Escapa to its marketplace and joined the Spanish Association of Brands and Bicycles (Ambe). In an interview with Joanseguidor.com, ...
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ArticlePon.Bike celebrates groundbreaking in Lithuania
In early 2022, the Dutch mobility group Pon Holdings B.V. announced plans to invest in the construction of a new state-of-the-art bicycle and e-bike production facility in Lithuania. In September 2022, it was confirmed that, despite all the odds of our times, they were on schedule to open in 2024. ...
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News briefsSpinnova announces triple revenue in FY 2022, Woodspin factory in operation
In its full-year financial statement, the Finnish biomaterials company Spinnova reports significant growth in its staff as well as the company’s results. Full-year revenues grew to almost €24.3 million for 2022, which is an increase of more than 300 percent year on year. The company completed the construction of its ...
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News briefsVibram partners with longtime collaborator
To bring some new production techniques “in house,” Vibram has signed a deal with Suolificio Negro, a Spanish specialist in soles and midsole-foam manufacturing for the outdoor and ski markets. According to a report in Diffusion Sport, the resulting products will be sold under the Vibram brand. The deal is ...
