All Corporate articles – Page 23
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ArticlePinarello’s good results accelerate further investments
Based on the good financial results of the 2021/22 fiscal year (ended June 30), Italy’s Cicli Pinarello s.r.l. is looking to a bright future. For the current fiscal year 2022/23, the road bike supplier is expecting a growth rate of between 25 and 30 percent – “still considering the limitation ...
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News briefsDidriksons continues to invest heavily in Europe
Swedish outdoor brand Didriksons, founded in 1913 in Grundsund by Julius and Hanna Didrikson, continues to do well in Europe, especially in Germany, which is currently the company’s largest market. In order to get closer to its European customers and offer more efficient deliveries to end consumers, Didriksons is now ...
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News briefsThule cuts jobs in the U.S.
The American division of Sweden-based Thule Group is implementing organizational changes that involve the commercial management team, product development and manufacturing. There have been “a limited number” of staff changes in commercial management, said Hilary Hartley, the president of Thule Group’s region America branch. Also, the company has decided to ...
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ArticleAlpkit launches second crowdfunding; invites customers to join as shareholders
On Oct. 24, British outdoor and cycling brand Alpkit will once again invite its customers to participate as shareholders via crowdfunding. The company launched a first of its kind in 2020, reaching its target in just eight minutes and closing the round 43 minutes later with 1350 customers as shareholders ...
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News briefsSorel HQ to move in with Columbia Sportswear
Columbia Sportswear Company announced that its Sorel brand, currently located in a historic building at 700 SW Taylor Street in downtown Portland, Oregon, will move to an exclusive building on the site of the group’s headquarters near Portland (Washington County campus) in early 2023. The momentum of Sorel – founded ...
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News briefsVaude CEO returns from long-distance hike to celebrate her birthday
Source: Antje von Dewitz After 1,100 kilometers on the GTA long-distance hiking trail and 66,000 meters of altitude, Antje von Dewitz has returned from her crossing of the Alps. The managing director of the German company Vaude had taken a two-and-a-half-month break to fulfill a long-term dream ...
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ArticleInfinited Fiber predicts Infinna roll-out delay due to Ukraine war
Fashion and textile technology company Infinited Fiber Company’s work to build the world’s first commercial-scale Infinna™ textile fiber mill in Kemi, Finland, has been largely on track since the mill site was announced in June 2022. The company is now also increasing its focus on further scaling up Infinna production ...
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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.
