All Corporate articles – Page 27
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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 ...
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News briefsFoundation stone laid for new Dynafit headquarters in Kiefersfelden
Dynafit laid the foundation stone for the two interlocking triangles of steel and glass of the brand’s new headquarters in Kiefersfelden, Bavaria, close to the Austrian border. The building, which is constructed according to a project by the renowned architectural firm Barozzi Veiga, will offer all visitors a deep insight ...
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News briefsGuardian Bikes brings bike production back to U.S.
Guardian Bikes, a U.S. manufacturer of kids’ bikes and a fast-growing startup backed by investor Mark Cuban since its Shark Tank (USA) appearance with SureStop brakes in 2017, has announced it will open a highly automated bicycle factory in Seymour, Indiana, to bring bicycle production from Asia back to the ...
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News briefsBuff to expand staff at its manufacturing site
Buff, the Spanish headwear and neckwear company, plans to hire 140 people for its manufacturing site in Catalonia, who will add to its current workforce of 350. More specifically, the company will employ 70 people by the end of the year and another 70 workers in 2023. The new employees ...
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ArticleA look at Ternua’s business with its CEO
Ternua Group rounded out 2021 with sales of €28.8 million, up by 15 percent year-on-year and by 11 percent from 2019. Now CEO Jokin Umerez has revealed in an interview with CMDsport that Ternua aims to sustain the same 15 percent growth in sales for the present year, despite uncertainties ...
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ArticleVista Outdoor outlines long-term vision and financial goals for proposed separation of its business
Vista Outdoor, the parent company of 39 brands including CamelBak, Bushnell Golf, Foresight Sports, Bell Helmets, Camp Chef, Giro, QuietKat and Stone Glacier, held its annual investor day for institutional investors and analysts at the New York Stock Exchange this week. Speakers included CEO Chris Metz, CFO Sudhanshu Priyadarshi and ...
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News briefsKlarna cuts 10% of workforce due to changing business climate
Germany’s Manager Magazin reports that Swedish fintech Klarna will lay off about ten percent of its roughly 7,000 employees. The startup, led by co-founder and CEO Sebastian Siemiatkowski, reportedly said that rising inflation and the war in Ukraine had impacted the business climate, making the move necessary. At its last ...
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ArticleChristoph Engl: “It cannot be a dogma that Europe is always a better production site”
In a detailed post on LinkedIn, CEO Christoph Engl explains the production strategy of the Oberalp Group. In the text, originating from a speech at the Oberalp Convention, Engl argues against seeing Europe as a better production site in a global comparison. He also announces his intention to make suppliers ...
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ArticleLowa reports top sales figures for 2021
Source: Lowa Alexander Nicolai, CEO Lowa The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with peak figures for both the number of pairs of shoes sold and revenue, thanks to the ongoing outdoor boom. Sales climbed from 2.49 million pairs in 2020 to ...
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ArticleThule Group with new product categories, updates financial targets
At its capital markets day, the Swedish Thule Group has presented plans to enter the two new product categories in 2023: car seats – to be launched in Europe first, expanding worldwide in a second step – and dog transport products, starting with a dog cage. The company was also ...
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News briefsJason Kenny invests in performance bike manufacture Reap
Sir Jason Kenny has teamed up with British bike manufacturer Reap as a performance partner and investor. Kenny, an English former track cyclist, holds the most Olympic gold medals and medals for a British athlete. With him now onboard, North Staffordshire-based Reap is launching a crowdfunding campaign on Crowdcube to ...
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News briefsUSWE Sports delays quarterly report due to Covid-related inventory postponement
Sweden-based USWE Sports AB, listed on the Stockholm-based Nasdaq First North Growth Market since last June, has delayed the release of its Q4 21/22 report (January to March 2022). Previously, the company had announced a May 12 publication date, postponed by the company at short notice, without providing an alternative ...
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News briefsBig Agnes opens new European headquarters
Colorado-based outdoor equipment brand Big Agnes has opened its new European headquarters in Amsterdam, from which it will directly serve its core European markets, including the Benelux countries, Scandinavia, the U.K. and France. By the end of next year, five employees will be working there in customer and dealer service, ...
