All Corporate articles – Page 26
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News briefsFrench 2Ride Group acquires Troy Lee Designs
In mid-March, French motorcycle, mountain bike and ski protection equipment supplier 2Ride Group acquired California-based motorcycle and mountain bike outfitter Troy Lee Designs from the U.S. investment firm SBJ Capital. Both parties have agreed not to disclose any financial details. French investment company Eurazeo had been behind 2Ride Group since ...
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ArticleJornet and Camper launch NNormal; announce footwear, apparel and more for trail running and hiking
Now it’s finally out. After Kilian Jornet terminated his collaboration with Salomon, we were puzzling over who the Catalan climber and trail runner would work with in the future. Most recently, we reported that he and his partner Emelie Forsberg joined the athlete team of GPS watch brand Cronos from ...
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News briefsBergfreunde reports 31 percent growth in 2021, turnover exceeds €200 million
German e-commerce specialist Bergfreunde has released its 2021 report, stating a record turnover of €203 million. Given the unbroken growth trend in 2022, Bergfreunde is investing in new employees and further expanding its customer support (which currently counts 60 people) and IT development team. In 2021 alone, the store IT ...
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News briefsCanada Goose strengthens presence in Japan
Canada Goose Holdings and its longtime Japanese partner Sazaby League Ltd. have reached an agreement to establish the Canada Goose Japan joint venture to accelerate DTC expansion, including retail stores. The agreement will replace an existing exclusive national distribution agreement between Sazaby League and the Canadian luxury outdoor brand. Beginning ...
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News briefsMips’ China production restarts after brief lockdown
Due to the recent Omicron wave in China, the Swedish Brain Protection System (BPS) manufacturer Mips AB has further updated the current situation in areas where the supplier and several of its (helmet) customers have manufacturing operations. In a communication dated March 16, the helmet technology supplier had indicated that ...
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News briefsZorali reaches its crowdfunding goal in a few hours
Australian outdoor brand Zorali reached 91 percent of its minimum A$300,000 target in just three hours on March 16, the opening day of its crowdfunding campaign on Birchal, thanks to 204 investors. By March 21, the brand had raised a total of more than A$641,200 with nearly 500 people investing. ...
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News briefsMAAP opens European base in London
MAAP, the Melbourne-based cycling apparel brand, has opened its first London office. The opening follows the launch of its U.K. webstore and warehouse in December. The new office will also serve as the brand’s base for its European marketing and sales staff. MAAP Instagram
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News briefsDutch logistics specialist Bleckmann acquires The Renewal Workshop
The Renewal Workshop (TRW), based in Oregon and specialized in processing and reselling used apparel, has been acquired by the global textile supply chain and logistics company Bleckmann Logistics. With the acquisition, the company aims to offer its clients a fully circular supply chain proposition. Adding the technology, process and ...
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News briefsLeki rolls out new brand identity
After 33 years, German pole manufacturer Leki has unveiled its new logo as part of a new, comprehensive brand identity that will be rolled out from March 2022, including a new website. “The brand’s evolution is logical and brings more focus on the essentials. The emotionalization of the brand moves ...
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News briefs
Hövding receives hybrid loan from Fosielund
Hövding Sverige AB has received interim financing in the form of a hybrid loan of SEK 50 million (€4.7m) from its main shareholder Fosielund Holding AB. Hövding needs the additional capital to implement its corporate strategy and realize its growth targets. In addition, there is currently uncertainty in the German ...
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News briefsVista Outdoor partners with Stockperks to enhance retail investor relationships
Vista Outdoor, the parent company of 39 brands that design, manufacture and market sports and outdoor products, and Stockperks, a New York City-based retail investor engagement company, have launched the Vista Outdoor Shareholder Rewards Program for the U.S. through the Stockperks app. To launch the program, retail shareholders using the ...
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News briefsPirelli begins production of “Made in Italy” bicycle tires on industrial scale
The venerable, renovated Pirelli plant in Bollate, near Milan, has begun producing bicycle tires. The first domestically produced P Zero road bike tires will be delivered and marketed in March of this year. With the start of bicycle tire production, the Pirelli plant is now “the only factory that produces ...
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ArticleAmerican Outdoor Brands shifting focus
American Outdoor Brands is adjusting its long-term focus to increase its revenues and product presence in the outdoor lifestyle category while maintaining a foothold in shooting sports. The Columbia, Missouri company, which intends to generate 50 percent or more of its topline in the outdoor lifestyle segment, has agreed to ...
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News briefsInternational cross-industry job portal for refugees from Ukraine
Thousands of refugees from the war zone in Ukraine are currently forced to settle in new places and are looking for a way to earn a living. To help with this, www.jobaidukraine.com, an initiative for Ukrainian refugees, was launched by the German initiative “Händler helfen Händlern” (“retailers support retailers”) as ...
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ArticleCanadian Tire Corp. unveils CA$3.4 billion investment strategy designed to bolster omnichannel capabilities
In March, at its Investor Day, Toronto-based Canadian Tire Corporation (CTC) announced a significant investment of CA$3.4 billion over four years to create an enhanced omnichannel customer experience. CTC’s strategic growth plan impacts multiple aspects of the group’s business, mainly in Canada, and builds on the company’s brand trust and ...
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News briefsSkwala, a new apparel brand for fly fishermen, launches in Montana
A team of industry veterans has launched Skwala, a new fly fishing apparel brand, based in Bozeman, Montana. Kevin Sloan, founder and chief executive, led the Sitka Gear business for nearly 10 years. Rick Hohne, who is also part of the team behind the new brand, was previously senior director ...
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News briefsUWHK opens European headquarters primarily for its IBD brands
To boost the expansion of its independent bicycle dealer brands Niner Bikes and Vaast Bikes in Europe, United Wheels Hong Kong Ltd. (UWHK) has appointed Duncan McCann as IBD sales manager. At the same time, European headquarters for the two brands were opened in Ampthill (a small town in Bedfordshire, ...
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News briefsLenzing opens world’s largest lyocell plant in Thailand
Lenzing has announced the completion of its €400 million Lyocell expansion project in Thailand. The new plant, which is described by the company as the largest of its kind in the world, has a nameplate capacity of 100,000 tons per year. Construction work started in the second half of 2019 ...
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ArticleIsbjörn aims to reduce CO2 emissions by 50% by 2033, become net zero by 2045
Outdoor children’s clothing brand Isbjörn of Sweden has set out its ambitious sustainability pledge, which includes bold net zero targets, the complete elimination of microplastics and becoming a fully circular brand. Isbjörn is firmly committed to reducing its emissions by at least 50 percent by 2033, with an ambitious goal ...
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News briefsRe:NewCell announces early capacity expansion of new plant
Re:NewCell (publicly listed as “Renewcell”), a Swedish start-up specializing in producing materials from recycled textiles, has announced plans to initiate an expansion of its new Renewcell 1 plant in Ortviken from 60,000 to 120,000 tons of total annual capacity ahead of schedule. The company’s board is also considering bringing forward ...
