All Corporate articles – Page 18
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News briefsTernua consolidates sales in Italy
Ternua has consolidated its sales in Italy, according to marketing director Imanol Muñoz, who spoke with Diffusion Sport at the recent ISPO Munich show. In doing so, it has hired a single manager to handle the five regions into which the Spanish Basque company has divided up the country. Ternua ...
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News briefsLectra acquires majority of SaaS provider TextileGenesis
Paris-based company Lectra has announced the signature of an agreement to acquire 51 percent of the capital and voting rights of the Dutch company TextileGenesis, a Software as a Service (SaaS) platform for sustainable material traceability that is also partnering with the Textile Exchange and the Cotton Trust Protocol, as ...
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News briefsAdvanced Clothing Solutions receives B Corp status
U.K. textile fulfillment company Advanced Clothing Solutions (ACS) is now B Corp-certified, scoring 150.9 points after being assessed in several categories, including governance, workers, community, customers and environment. The Glasgow-based company, founded in 1997, offers a logistic platform for rental, resale and returns. ACS has just been welcomed as a ...
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ArticleWolverine to divest Keds and leather business, announces staff reductions
Driven by a focus on increasing long-term shareholder value, Wolverine Worldwide is divesting or licensing its Keds brand and Wolverine leather business segments and is initiating an unspecified headcount reduction. The staff cuts are projected to result in approximately $30 million in savings for the company in 2023, and the ...
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ArticleEquip regaining independence, announcing management changes
Fundamental changes to the Equip Outdoor Technologies UK Ltd. (Equip) company structure: the parent company of Rab and Lowe Alpine announced a multi-million BP financing package with British bank HSBC UK. The financial backing aims to enable Equip to repay investors, including long-time partner Mobeus VCTs, which is advised by ...
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News briefsLenzing Group and Renewcell sign large-scale supply agreement
Austrian specialty-fibers manufacturer The Lenzing Group and Renewcell, the Swedish textile-to-textile recycling company, have signed a multi-year supply agreement. According to Renewcell, the agreement provides for the sale over five years of 80,000 to 100,000 tons of Renewcell’s 100 percent recycled textile Circulose dissolving pulp to Lenzing, for use in ...
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ArticleSilva acquires Primus, Fenix Outdoor remains distribution partner for select markets
Swedish outdoor equipment company Silva, which was acquired by equity investor Verdane in 2021 with decisive expansion plans, has acquired 100 percent of the Primus AB shares from Fenix Outdoor (which also sold its brand Brunton at the end of last year). Source: Primus Both Silva ...
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News briefsLenzing Ecovero reaches production milestone
Lenzing Group, the Austria-based producer of wood-based specialty fibers including Tencel, Lenzing, and Ecovero, has announced that the production of its Ecovero-branded viscose fibers has reached over 300,000 tons since the brand’s launch in 2017. While celebrating this milestone, the company added that it is looking at even higher capacity ...
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News briefsAccapi launches sustainable technical underwear for winter sports
Accapi, the Italian specialist in technical garment, is introducing a new line of sustainable technical underwear for winter outdoor sports. The new eco-friendly underwear line, dubbed Ergocycle, is made with Repetita, a yarn obtained from plastic bottles. The Ergocycle line includes high-performance pants and long-sleeved shirts. Accapi is headquartered in ...
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ArticleVF seeks new permanent CEO following Rendle’s decision to step down
Source: VF Corp. Benno Dorer, interim president and CEO of VF, effective immediately VF Corp. announced that Benno Dorer, lead independent director of the VF board of directors, has been appointed interim president and chief executive officer, effective immediately. Richard Carucci, who has served on the board ...
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ArticleClassified Cycling closes €22 million financing round
Bicycle components newcomer Classified Cycling has successfully closed another round of financing. With the entry of new investors, €22 million were flushed into the Belgian company’s coffers. With the cash injection, raised under the leadership of investment firm Active Partners, Classified aims to “revolutionize the bicycle and e-bike market with ...
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News briefsNewell Brands elects Stephanie Stahl to its board of directors
Newell Brands, whose portfolio includes Marmot, Coleman, and Campingaz, announced the election of Stephanie Stahl to its board of directors, effective Jan. 1, 2023. With her appointment, the company’s board will increase from ten members to eleven. “We are delighted to welcome Stephanie, a dynamic business leader with a proven ...
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ArticleSchwan-Stabilo’s outdoor brands grow by 16.4%
The German Schwan-Stabilo group, the owner of Deuter, Ortovox, Maier Sports and Gonso, has published its 2021/22 business numbers, achieving growth in all of the group’s categories, which are cosmetics, writing instruments and outdoor sports. In the time span reported, the group generated sales of €745.3 million (previous year: €623.2 ...
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News briefsXero Shoes expands distribution in Europe
Xero Shoes, a U.S. brand of minimalist – or “barefoot” – footwear, has expanded its presence in Europe: EU managing director Dan Dougherty has added the agencies Bisetisport (Switzerland), WNB (Finland) and New Cinema (Israel) to his network. S-Works is responsible for the Spanish market. In Germany, goFree GmbH is ...
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News briefsNew leather & footwear testing laboratory for Hohenstein
Hohenstein, a German provider of textile testing and a founding member of Oeko-Tex, celebrated the opening of a second leather & footwear testing laboratory in Gurugram, India, on 11 Nov. 2022. The first of its kind in Hohenstein’s established network of textile testing labs in Asia, it will focus on ...
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ArticleBike industry veteran Pat Cunnane named CEO of Messingschlager USA
Europe’s leading and expanding bicycle accessories supplier Messingschlager GmbH & Co. KG has been able to win over a high-profile industry expert. The German company, which acquired its longtime U.S. partner company – then called Cycle Force Group – and its subsidiaries at the end of 2021 and shortly thereafter ...
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ArticleCannondale’s new organizational structure without European head
Source: Cannondale Marco Kind After Canadian conglomerate Dorel Industries sold its Dorel Sports bicycle division – comprising Cycling Sports Group (CSG) and Pacific Cycle Group (PCG) – to Dutch company Pon Holdings B.V. last year, work has been underway to integrate the acquired brands. Cannondale, the U.S. ...
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ArticleMV Agusta shareholders and KTM AG inject €30 million
After listed Pierer Mobility AG officially announced on Nov. 3 that its subsidiary KTM AG (not to be confused with e-bike pioneer KTM Fahrrad GmbH) was taking a 25.1 percent stake in rival MV Agusta Motor S.p.A. as part of a capital increase, the Italians announced a €30 million capital ...
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ArticlePon.Bike commissions YIT Lietuva to build new factory in Lithuania
After 2L Architects UAB – the Lithuanian architectural firm responsible for the design of the new factory – received the building permit at the end of September, on Nov. 18, the Dutch bicycle company Pon.Bike officially commissioned the construction company YIT Lietuva to build the 40,000-square-meter facility in Lithuania’s Kėdainiai ...
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ArticlePentland Brands Germany undergoes restructuring, Berghaus with comeback
Source: Pentland Brands Germany Michael Schupp With the restructuring of Pentland Brands Deutschland GmbH, founded in 2020 in Gmund in southern Germany, which as an offshoot of the British Pentland Group also distributes the group’s Endura and Speedo brands in the DACH region, the well-known British mountain ...
