All Corporate articles – Page 27
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News briefsKathmandu Holdings changes name to KMD Brands
Kathmandu Holdings Limited from New Zealand announced March 2 that it will change its name to KMD Brands Limited. The new name will take effect on March 16, 2022. The NZX and ASX ticker will remain KMD. An announcement on the launch of KMD Brands, its purpose and vision, will ...
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ArticleRossignol Bikes celebrates global launch of completely new product range
After a rapid restructuring period at Groupe Rossignol SA that included the sale of bicycle product suppliers Time and Felt Bicycles, the French winter sports giant is now focusing entirely on its own Rossignol Bikes brand, founded in 2017, within the bike segment. On March 1, the French company announced ...
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News briefsRapala begins buyback of its own shares
The board of directors of the Finnish tackle company Rapala VMC Corporation has decided to start buying back a maximum of 250,000 of the company’s own shares, representing approximately 0.64 percent of all shares, in accordance with the authorization granted by Rapala’s AGM on March 25, 2021. The maximum number ...
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ArticleBrompton plans new headquarters and factory in Kent
According to information on Ashford City Council’s website, local folding bike company Brompton Bicycle Ltd. has submitted a development request for a new corporate headquarters facility, including a new factory, in the city of Kent in southeastern England. On Feb. 24, the proposals for the new factory were approved in ...
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ArticleFinancial bottlenecks of Shandong Ruyi group: creditors seek control over Lycra
According to the news service portal Reuters, the creditors of the indebted fashion conglomerate Shandong Ruyi Technology Group will seek control of fiber manufacturer The Lycra Company after Ruyi failed to repay a $400 million loan it took out to buy the company. The creditors were quoted saying that Ruyi ...
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News briefsKathmandu wants to promote the brand in Europe
The Christchurch, New Zealand-based company Kathmandu Holdings is the owner of the eponymous outdoor brand and retailer Kathmandu, as well as Oboz, a North American outdoor footwear brand, and the Australian surf brand Rip Curl, which the company acquired in 2019. So far, the Kathmandu brand has been distributed mainly ...
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News briefs
Novoloop raises $11 million to convert plastic waste into shoe and apparel materials
Novoloop, an upcycling start-up based in Menlo Park, California, has raised $11 million in Series A funding. The round was led by Envisioning Partners, with participation of Valo Ventures, Bemis Associates. Investors that earlier joined the round also included SOSV, Mistletoe, and Time Ventures. In addition, Novoloop has announced a ...
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News briefs
Verdane invests in Active Brands
Active Brands has brought another significant investment firm onboard alongside FSN Capital. Verdane, a European specialist growth equity investor, will become a new minority shareholder, according to a statement. FSN, an investor in Active Brands since 2017, will remain a shareholder. Active Brands owns the brands Kari Traa, Sweet Protection, ...
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ArticleSecond bike stock index and certificate ex-USA
In 2021, the first public donation bike certificate from Daubenthaler & Cie. based on the world’s first bike index celebrated its stock market debut with the “BeneFaktor Zertifikat Bike”. Now the German asset manager follows up with the “BeneFaktor Index Bike ex-USA,” which went live on Feb. 21 with index ...
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ArticleConstruction of the new Dynafit headquarters has begun
In the near future, Dynafit will be headquartered in Kiefersfelden, a town at the German-Austrian border in Upper Bavaria. On Feb. 17, the Oberalp Group, the owner of the Dynafit brand, broke ground for the construction of a new office building. Two striking structures with offices, a climbing hall, a ...
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News briefsBike24 aims to double Spanish sales, logistics center near Barcelona operational by end of 2022
After launching its e-com business in Spain in late 2020, Bike24 has now reported sales on the Iberian Peninsula of “just over €4.5 million” in 2021, according to CMD Sport. Internationally, the German online bike retailer generated total sales of €250 million last year. Last month, it additionally launched its ...
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News briefsSwedish travel tech startup raises €2.5 million for campsite marketplace
Stockholm-based company Acamp has received €2.5 million for its travel tech platform, which aims to help campers easily find attractive and unusual campsites. The funding was led by Spintop Ventures, with participation from LRF Ventures and existing investor Centripetal Capital. Acamp was founded in 2020 by Paul Berggren and Öjje ...
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News briefsRelaunch for Slackline Industries
Slackline Industries, a brand created in 2014 by Canaima Outdoors Inc. in Boulder, Colorado, and acquired in early 2020 by Montréal, Québec-based distributor In-Sport Fashions, has unveiled a revamped look to revive the hype around slacklining and “have more people reaching for that slackline kit.“ The sport, initially invented by ...
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News briefsOrtovox expands its management team
Stefanie Rieder-Haas and Michael Sieber have joined the management team of German outdoor company Ortovox, effective Jan. 1. Christian Schneidermeier remains the sole managing director. Along with the personnel change, however, Ortovox is restructuring internally in order to adapt processes to the changing market conditions. The result are three new ...
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News briefsBach to launch tents and outdoor furniture this summer
The Swiss company Bach Backpacks changes its name to Bach Equipment: by acquiring product lines and production details from the Dutch brand Nigor and integrating its design team, the company is now expanding its portfolio to include tents and furniture. According to Bach, even its expertise in backpack design and ...
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News briefsK2-MDV rebrands as “Elevate Outdoor Collective”
Seattle-based K2-MDV Holdings, the parent company of all K2 Sports and MDV brands, including K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride, Line, BCA, Atlas Snow Shoe Co, Tubbs Snowshoes and others, announced that it has rebranded itself Elevate Outdoor Collective, effective immediately. The company will continue ...
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ArticleOrganized crime reaches the bicycle business: Theft at BFI leads to millions in damages, and to delays
The delivery problem in the bicycle industry seems to open a new business field for organized crime. On Jan. 21, the Czech bicycle manufacturer Bike Fun International s.r.o. (BFI) lost key components (including long-awaited Shimano brand parts) when an entire truckload was stolen from Germany. To warn other manufacturers, the ...
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News briefs
Athletic Greens secures $115 million in funding
Athletic Greens, a New York-based nutrition company that heavily markets its flagship product AG1, a foundational nutrition drink, through influencers on social media, announced that it has received $115 million in funding. The round was led by Alpha Wave Ventures, with participation from about two dozen individuals and companies, including ...
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News briefs
U.S. outdoor brand Nemo keeps growing, plans new hires in 2022
Nemo, a New Hampshire-based outdoor camping gear company, says it has nearly doubled its team in the past two years despite the pandemic and plans to add six positions in 2022. The brand is approaching its 20th anniversary and sees the steady growth not only as a positive indicator of ...
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News briefs
Samsonite opens brand development and sourcing hub in Singapore
Samsonite International S.A., the parent of Gregory Mountain Products and High Sierra, announced the opening of a new brand development and sourcing hub in Singapore. The hub will allow the company to design and develop products for several of its key labels, mainly its mainstream travel luggage brands Samsonite and ...
