All Corporate articles – Page 18
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ArticleMTB pioneer Gary Fisher launches new e-bike brand
With 20 employees based in Fremont, California, and partnered with an aviation battery company, Gary Fisher (one of the inventors of the mountain bike) has founded a new e-bike company called Morelle. According to the vibrant discussion going on with Fisher on LinkedIn, Instagram and Twitter, his new company aims ...
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News briefsFire at Renewcell 1 in Sundsvall, Sweden
A fire broke out at a facility of Swedish textile recycler Renewcell in Sundsvall, Sweden, on March 22. Nobody was injured. The fire occurred in the plant’s shredding area and was extinguished without spreading to the rest of the facility, the company said. The fire damaged one of the three ...
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News briefsBike apparel brand Kitsbow to cease operations
Employee-owned U.S. cycling apparel brand Kitsbow announced that it will cease operations in April after failing to raise sufficient capital. According to CEO David Billstrom, a community funding round launched in November through the Wefunder platform raised only about half of the $1 million needed to continue the business. He ...
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News briefsCapital infusion at Berria Bikes
Through its SC Growth Fund II, Suma Capital has taken a minority stake in the Spanish brand Berria Bikes, according to CMDsport. The infusion of €160 million is to help shore up the company’s structure and help it expand outside of Spain. Berria was founded in 2012 by the brothers ...
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News briefsSeveral Lycra production sites pass Higg assessment modules
Global textile supplier Lycra announced the third-party verification of several Higg Facility Environmental Module (Higg FEM) and Higg Facility Social & Labor Module (Higg FSLM) self-assessments. The Lycra manufacturing sites in Waynesboro, Virginia (U.S.); Maydown, Northern Ireland; and Foshan, China, completed their verification for the Higg FEM module, a framework ...
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ArticleTopo Designs receives growth investment from Gart Capital Partners
Topo Designs, a Colorado-based outdoor brand that offers sustainable, durable apparel and accessories, says it has received a “significant” equity investment from Gart Capital Partners, a family investment firm with longstanding outdoor roots, also headquartered in Colorado. The investment marks the first time the brand has raised external capital since ...
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News briefsCoats Group opens second sustainability hub
Coats Group, the British multinational specializing in the manufacture of yarns and structural components for apparel and footwear, has opened a pilot sustainability hub at its Madurai plant in the southern Indian state of Tamil Nadu. The new hub is located in a sprawling area of nearly 1,000 square meters. ...
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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 ...
