All Corporate articles – Page 21
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ArticleTrial phase of the new Bike24 logistics center for southern Europe underway
Before the end of the year, the new logistics center of the German cycling, running and swimming sports online retailer Bike24 Holding AG started its pilot run in Barcelona. The first test packages have already been shipped. This means that the second logistics center of the “leading e-commerce platform for ...
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News briefsLenzing adjusts earnings forecast for 2022
The Lenzing Group is adjusting its earnings forecast for the 2022 financial year due to one-time effects related to the accelerated savings program (set up in the third quarter due to the deteriorated market environment and the earnings development) and currency effects and a further deterioration of the market environment. ...
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News briefsHohenstein to open new textile testing laboratory in Shanghai
Germany-based Hohenstein, a provider of textile testing and a founding member of Oeko-Tex, is opening another testing lab in Shanghai. Starting in the first quarter of 2023, the new facility, located in the Pudong District industrial park, will supplement the Hong Kong laboratory capacity. It will add to Hohenstein’s capacity ...
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News briefsVF Corp. plans to expand its EMEA headquarters in Switzerland
VF Corp. is planning to expand its EMEA headquarters in Stabio, Switzerland. The VF Campus currently consists of four buildings measuring 20,000 sqm, which host over 1,100 employees working in design and product development, a fabric testing lab and showrooms dedicated to the group’s brands. VF is the parent company ...
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News briefs
VF Corp. to potentially sell the JanSport brand
According to Bloomberg citing „people with knowledge of the matter,” VF Corp is considering selling the JanSport backpack and adventure luggage brand. There are no details of a potential investor revealed whatsoever. Shares of VF, the owner company of The North Face (TNF), Vans and Timberland brands, have dropped by ...
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ArticleMichael Sieber: “There will be some bumps in the road”
Ortovox general management reveal their challenges for 2023 and explain why they are confident.
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News briefsRetyre raises funding for new bike tire factory in Norway
The Norwegian bike tire company ReTyre AS, a start-up founded in 2015, is expanding into Europe with distribution in Germany, Austria and Switzerland and a webshop. The company goes to market with a tire system that enables a change of profiles on a base tire with a zip-on system, including ...
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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 ...
