All Corporate articles – Page 20
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News briefsWorn Again Technologies secures investment for ground-breaking textile recycling facility
In its latest funding round, Worn Again Technologies has raised GBP 27.6 million to support the construction of a textile recycling demonstration plant in Winterthur, Switzerland. This latest investment round brings Worn Again Technologies’ funding total to £42.9 million (€49.3m), representing the start-up’s most successful funding tranche since its founding ...
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ArticleHoudini strengthens global leadership, opens U.S. office in Portland
Swedish outdoor brand and circular business pioneer Houdini has announced a strengthened global leadership team and the establishment of a U.S. office in Portland, Oregon. Niclas Bornling has been named general manager for North America, and Brian Anthony becomes director of sales and merchandising. Both are working out of the ...
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News briefsTeijin to build cogeneration plant at Matsuyama plant
Fiber and fabrics specialist Teijin Limited will convert the existing fossil-fueled power generation equipment at its Matsuyama plant to a combined heat and power system running on city gas. Cogeneration systems provide both electricity and heat on-site, and their high energy efficiency results in a significant reduction in carbon dioxide ...
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News briefsKathmandu announces expansion plans at Paris Fashion Week
As reported by ragtrader.com.au, New Zealand-based brand Kathmandu has launched dedicated e-commerce sites for Europe, the U.K. and Canada, with plans to expand into the U.S. later this year as well. Kathmandu partnered with Paris-based retailer Leclaireur during Paris Fashion Week to unveil its 2022 fall/winter collection, which will be ...
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ArticleBergzeit puts automated shuttle warehouse into operation
After a construction period of around 20 months, German online retailer Bergzeit has put a logistics annex with a new warehouse system featuring modern shuttle technology into operation at the company’s headquarters in Otterfing near Munich in September. Covering an area of 2,072 square meters, the warehouse is controlled and ...
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News briefsRapala to consolidate lure production in Estonia
Rapala plans to move all of its lure bait production team to Pärnu, in southwestern Estonia, by the end of 2023. The move will affect 90 employees. The Finnish-based fishing tackle company currently produces lures at two factories, one in Finland and one in Estonia. The majority of its lures ...
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News briefsCake expands operations in Italy
Source: Cake Cake bikes in Milan, Italy Cake, the Swedish manufacturer of premium lightweight electric motorcycles, announced that it is expanding its presence in Italy, making the fashion capital of Milan its local base. A local sales team is already in place, and the Cake pop-up store ...
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ArticleNew PBG production facility in Lithuania on schedule
After the grand opening of German Kalkhoff Werke GmbH’s plant in September (production of Kalkhoff and Focus e-bikes already started in March), there were questions as to whether Kalkhoff’s Dutch parent company, Pon Bike Group (PBG), would be able to open its third European production facility in Lithuania in 2024 ...
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News briefsSpinnova receives € 1.6m Business Finland grant for fiber research
The Finnish fiber company Spinnova has received a grant of a maximum of €1.6 million from the European Union’s NextGenerationEU financing and Finland’s Bio & Circular Finland sustainable growth program. The grant is to be used from October 2022 to the end of 2023. According to the company, the amount ...
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News briefsNew owners are reportedly reducing staff at Pearl Izumi
United Sports Brands (USB), which acquired cycling apparel brand Pearl Izumi from Shimano in May, is reportedly cutting the brand’s staff. According to the trade publication Bicycle Retailer and Industry News (BRAIN), several sources have suggested that there have been layoffs in multiple departments in recent weeks. Meanwhile, some Pearl ...
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News briefsBucha Bio finishes $1.1m funding round
Biomaterials science company Bucha Bio is announcing a $1.1 million funding round. The company specializes in biobased materials, using bacterial nanocellulose and other plant-based components to replace conventional leathers and plastics. According to the company, the new funding will accelerate the company’s move to market by securing co-manufacturers to scale ...
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News briefsAnta to build international operations center in Suzhou
Sports group Anta, headquartered in China’s Fujian province, is planning to build an international operations center in the city of Suzhou, the trade publication Sportstextiles has reported. The new 160,000-square-meter center will be built within the China–Singapore Suzhou Industrial Park, also known as Suzhou Industrial Park. The total investment will ...
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ArticlePatagonia and Gellert’s reactions to allegations of tax evasion
We summarize what Patagonia CEO Ryan Gellert and competitors have to say about Chouinard’s move to donate Patagonia to fight climate change.
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News briefsSpoon Group raises £740,000
Spoon Group, the bespoke bike company that owns the WyndyMilla and Spoons Customs brands as well as custom paint shop Gun Control Paint, has closed a financing round worth £740,000 (€845,575). A private round that brought in nearly £300,000 in new investment was followed by funding from long-term debt partner ...
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News briefsInvestors and Jaktia management acquire Jaktia Group
Jaktia, a Scandinavian franchise chain specialized in the hunting, fishing, and outdoor segments, has new owners. A private investment company consisting of Jaktia’s management, together with a few investors, has acquired 100 percent of the shares in Jaktia AB, Jaktia Kållered AB, Jaktia Falun AB, Jaktia AS and Jaktia Jessheim ...
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News briefsEddie Bauer to roll out in Japan with Itochu partnership
Authentic Brands Group (ABG) and Itochu, a Japan-based trading company that specializes in textiles, machinery, food and energy, have announced a partnership to grow ABG’s outdoor brand Eddie Bauer in Japan. To facilitate this, Itochu will partner with Mizujin, a fashion wholesale and retail company, to design, manufacture and distribute ...
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News briefsLenzing switches to green electricity also at its Chinese site
The Lenzing Group is gradually transitioning to green energy at its production site in Nanjing. This will allow its Chinese subsidiary Lenzing Nanjing Fibers to use electricity derived only from renewable sources from 2023 onwards. The transition will also reduce the site’s carbon emissions by 100,000 tons annually, the company ...
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ArticleChouinard family transfers Patagonia ownership to channel dividends to environmental protection
Source: Campbell Brewer Yvon Chouinard Nearly 50 years after founding Patagonia, Yvon Chouinard and his family (together with his children Claire and Fletcher) have decided to give away their company to ensure all proceeds will be used to fight climate change. The Chouinard family has transferred all ...
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ArticleMips predicts temporarily weaker bicycle market than expected
After two years of bicycle-related sales records, the listed Thule Group AB already spoke of an imminent temporarily reduced bicycle-related sales volume that will affect sales and profitability in the coming months (OIC reported). Now Mips AB, also from Sweden, is following suit: The Brain Protection System (BPS) manufacturer, also ...
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ArticleLenzing sees Austrian site at risk due to energy costs, politics and shortage of skilled workers
Stephan Sielaff, the CEO of fiber manufacturer Lenzing AG, sees Austria as an attractive production location - but also as a vulnerable one. “Gas prices are high in Austria, but not in China. If we can no longer cover our costs, at some point, it will be the end of ...
