All Corporate articles – Page 23
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News briefsMillet Mountain Group opens factory in Tunisia
Millet Mountain Group (MMG), the owner of French mountaineering and mountain apparel brands Millet and Lafuma, is opening a new factory in Tunisia. The 3,500-square-meter facility in Monastir has an automated cutting room featuring quilting technology and mechanical and laser cutting machines. The factory also features two embroidery machines and ...
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News briefsSimplifyber successfully closes new funding round for cellulose-based material innovation
Source: Simplifyber Simplifyber, a U.S. start-up company founded by designer Maria Intscher-Owrang, has finished a funding round, generating $3,5 million to back up the go-to-market of the company’s regenerative material that aims to make weaving or knitting obsolete. The product Simplifyber is a cellulose liquid based on ...
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News briefsStorck launches third crowdfunding campaign
The German company Storck Bicycle has launched another crowdfunding campaign, the third after 2017 and 2018. The campaign offers interested investors the opportunity to participate in the company founded in 1995 with a fixed interest rate of 6.50 percent per year with semi-annual interest payments. The investment limit is €1.5 ...
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ArticleMichael Sieber, Ortovox: “Family is essential”
In our interview with Michael Sieber, member of the Ortovox executive board, head of the new customer and brand division and head of sales, we learn more about the geopolitical situation, the internationalization of the company and why family is so important in a healthy work environment.
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News briefsChinese e-bike drive system producer Mivice establishes European subsidiary
As part of its internationalization efforts, another e-bike drive system maker from China is looking to enter the booming European e-bike market. By founding the subsidiary Mivice Europe GmbH in Nuremberg, Germany, the company has also brought two experienced European industry experts on board. Source: Mivice Horst Schuster, ...
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News briefs
Evolved By Nature secures $120 million funding
Evolved By Nature has announced that it has closed a $120 million Series C financing. The company, based in Boston, develops a proprietary library of Activated Silk molecules from natural silk protein that can be used throughout apparel and personal care products. The recent funding round was led by Teachers’ ...
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News briefsTime off for the boss: Vaude's von Dewitz crosses the Alps
It’s an unusual move for the head of a medium-sized company: Antje von Dewitz, CEO of Vaude, is heading to the mountains for 2.5 months to do a crossing of the Alps, taking a total of 3 months off. In a short video, she explains that she is fulfilling a ...
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News briefsCosmo Connected raises €6 million from angel investors
Cosmo Connected, a French start-up specializing in connected safety accessories for users of bikes and scooters, has raised €6 million from Patrice Pastor (J.B. Pastor), Adrien Dassault (Tikehau Capital), Gary Anssens (Alltricks), Sarona VC and several private investors, Le Figaro has reported. In addition, Cosmo Connected is opening its capital ...
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ArticlePorsche Ventures invests in London-based bicycle insurance provider
Laka, a London-based bicycle insurance provider that announced a $12 million Series A round earlier this year, has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG, bringing the total round to $13.5 million. The Series A funding was initially led by Autotech Ventures, followed by ...
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News briefsNew Montane showroom in Munich
Source: Montane Holger Schumann and Steffen Fuchs of Foras 365 British outdoor brand Montane is expanding its European business with a new showroom and warehouse in Munich, Germany. “The new showroom is an important hub not only for our retailers in Bavaria but from all over Germany,” ...
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News briefsOuttra assembles expert advisory board
The German software company Outtra has founded an expert advisory board that will meet quarterly to exchange ideas. Siegbert Müller, founder and managing director of Outtra, initiated the idea to further develop and enhance his company’s tools on an ongoing basis and offer additional effective benefits to all cooperating brands, ...
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ArticleIsbjörn reports consistent, sustainable growth
Swedish outdoor children’s apparel brand Isbjörn of Sweden has announced 20 percent year-over-year global growth through April 2022. Isbjörn was recently acquired by Online Brands Nordic AB, which will provide a solid financial backbone for further sustainable growth, and reported a healthy Ebitda of more than 11 percent. Isbjörn is ...
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ArticleVittoria Group and A Dugast open new regional headquarters in the Netherlands
Right after the acquisition of A Dugast by the Vittoria Group in May 2021, there were considerations on how best to join forces and exploit synergies. On June 15, the two bicycle tire suppliers inaugurated the new headquarters of Vittoria Northern Europe and A Dugast in Oldenzaal, the Netherlands. This ...
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ArticleMips presents new strategy and updated financial targets
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
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ArticleSSU partners with Rhenus on “largest bicycle components hub in Europe”
Signa Sports United (SSU) announced a strategic partnership with Rhenus Warehousing Solutions and the opening of a new state-of-the-art SSU warehouse. The newly built 20,000-square-meter facility, which SSU says is the largest bicycle parts hub in Europe, is strategically located in Hockenheim, Germany, with excellent distribution channels to several European ...
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News briefsSecond Finisterre funding round triples the targeted amount of €1,75 million
The British brand Finisterre launched its second funding round on Crowdcube at the end of May 2022, with a targeted funding sum of £1,5 million (€1.75 million). In early June, the company’s investment round was already “overfunded,” with £4,598,505 raised (€5.41 million) by 3,722 investors. According to the company, the ...
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News briefs
Upway raises $25 million in Series A round
Upway, a French start-up that sells refurbished secondhand e-bikes, has raised $25 million in a Series A round led by Exor Seeds and Sequoia Capital. Origins, the fund backed by professional soccer players like Blaise Matuidi, N’Golo Kanté, Olivier Giroud, and rugby player Antoine Dupont, is also participating in the ...
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News briefsC.A.M.P. with new logo, website and social
After unveiling a new logo last fall, C.A.M.P.’s new CI has now been present on products and in the company’s digital media for several weeks. The new graphic is meant to summarize the radical rebranding process and the 134-year history of the manufacturer of technical products for ...
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News briefsPorsche participates in another round of financing of Rimac
Porsche and the Rimac Group are taking the next step in their collaboration toward a digital and electrified future of mobility. The Stuttgart-based sports car manufacturer is participating in a Series D financing round of the Croatian technology group, which is also helping the carmaker to develop its e-bikes further. ...
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News briefsE-bike development center Munich is now called Kiska
The international brand and design agency Kiska is expanding to Munich. For this purpose, the EBDC (E-Bike Development Center), founded two years ago by Kiska and Alexander Thusbass in 2020, has been renamed Kiska Munich. Thusbass, who was already a senior designer at Kiska from 2004 to 2007, is the ...
