All Corporate articles – Page 28
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News briefsPierer Mobility prepares listing on prime market of Vienna Stock Exchange
Austrian two-wheeler specialist Pierer Mobility AG intends to apply for admission to trading in the top segment (Prime Market) of the Vienna Stock Exchange on March 1, 2022. This step is intended to meet the great investor interest in Austria and abroad. With sales of 332,881 motorcycles in its 2021 ...
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News briefsOrthoLite celebrates 25th anniversary with record growth
U.S. brand OrthoLite is celebrating its 25th anniversary in 2022 after two consecutive years of record-breaking growth. 2021 was the best year in the company’s history despite Covid and supply chain issues, according to Glenn Barrett, OrthoLite’s founder and CEO. Barrett, a veteran of the footwear industry, founded OrthoLite in ...
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ArticlePon.Bike invests in third European production facility in Lithuania
While Dutch mobility company Pon Holdings B.V. is still maintaining a low profile, the Lithuanian investment promotion agency Invest Lithuania announced on Jan. 24 that Pon.Bike – the bicycle division of Pon – will open a new production facility in the 320-acre Free Economic Zone (FEZ) of Kėdainiai, 50 kilometers ...
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News briefsFrance is Inov-8’s newest direct market
Source: Inov-8 Emmanuel Fedon U.K.-based running, hiking and fitness brand Inov-8 has added France to its portfolio of European direct markets, led by Emmanuel Fedon as sales manager. Fedon lives in Annecy and brings two decades of sports industry experience to the role. He previously worked for ...
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ArticleSelle Royal Group plans to list on the Milan Stock Exchange
Another bicycle company appears to be preparing its initial public offering. According to various media reports in Italy, bicycle saddle and component manufacturer Selle Royal S.p.A. (also known as Selle Royal Group) has announced plans to aim for the Milan Stock Exchange. According to international news agency Reuters, the holding ...
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ArticleSouth Korean outerwear manufacturer Kido expands to Bangladesh
South Korea-based technical outerwear manufacturer Kido Industrial announced a total investment of more than $36 million in new factories in Dhaka, Bangladesh. Of this amount, the company will invest $31.17 million to establish a new company, Kido Dhaka Company Co, Ltd. In addition, Kido recently acquired an existing garment factory ...
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ArticleJack Wolfskin with strategic repositioning aimed at global expansion, customer centricity and sustainability
Jack Wolfskin, the German manufacturer of outdoor apparel and equipment that has been part of U.S.-based golf outfitter Callaway Golf Company since January 2019, has unveiled a new strategic brand reset with its fall/winter 2022 collection. The central elements of this are the new claim “We Live to Discover,” as ...
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News briefsHohenstein expands collaboration with data management platform Texbase
Germany-based textile testing institute Hohenstein (also the owner of the Oeko-Tex labels and certification processes) has broadened its collaboration with Texbase Inc., a cloud-based data management platform for the textile and consumer product industries. Hohenstein customers can now collaborate, send test requests and receive test reports within the Texbase Connect ...
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ArticlePierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
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News briefsSpinnova invests in Rieter system for new yarn fabrication in Finland
Spinnova has purchased a full line of production machines from Swiss spinning technology specialist Rieter to be installed at the company’s premises in Jyväskylä, Finland. Following the agenda published before, Spinnova plans to spin the wood pulp fiber into yarn on the Rieter system on a large scale by the ...
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ArticleMacNeill Pride Group rebrands as Gathr Outdoors
After acquiring several outdoor brands over the past two years, U.S.-based MacNeill Pride Group (MPG) quickly began to crystallize a growing commitment to outdoor sports and related activities. In addition to the acquisitions of the Orca, GCI Outdoor, Klymit and Rightline Gear brands, the appointment of CEO Keith Bornholtz and ...
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News briefsYeti to establish European subsidiary
Yeti Coolers, a wholly owned subsidiary of publicly traded Yeti Holdings headquartered in Austin, Texas, has announced that it is currently planning to move into its first European office in Amsterdam, the Netherlands, as part of a gradual internationalization effort. Yeti is currently already present in 20 European countries, having ...
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News briefsPolygiene redefines financial targets
The board of directors and the management of the Swedish ingredient brand Polygiene AB have set new financial targets for the 5-year period from 2022 to 2026. According to these, Polygiene should achieve net sales of more than SEK 1 billion (€98.6 million) and an EBIT margin of more than ...
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News briefsProtective with new showroom in Munich
German brand Protective, managed by Regensburg-based R&D Protective GmbH, has moved into a showroom at Munich’s MOC event and order center. Just in time for the pre-order start of the 2022/23 fall/winter collection, Protective is presenting its bikewear and the new Nordic line, which is celebrating its pre-order premiere, on ...
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ArticleExcellent financial year enables Accell to repay government Covid credit facility
Based on its sales and profit growth in 2021, Netherlands-based Accell Group N.V. will fully repay its “Go-C” facility issued during the Covid-19 pandemic before the end of the year. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal to full-year availability. ...
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News briefsBianchi builds new headquarter and production facility
Source: Studio Da Re The CEO of Bianchi, Fabrizio Scalzotto (center), with the Councilman for Economic Development of the Lombardia Region, Guido Guidesi (left), and the Mayor of Treviglio, Juri Fabio Imeri (right) Bianchi has unveiled its plans to build a new high-tech headquarters and production facility. ...
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News briefsCorratec invests in additional production facility in Romania
After a long search, German bicycle brand Corratec has found a perfect site for another European production facility. As early as February 2022, the first Corratec-branded bicycles and e-bikes are expected to roll out of an existing factory site with several factory buildings measuring around 30,000 square meters each on ...
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News briefsFrankfurt and Friedrichshafen exhibition companies sign partnership agreement
On Nov. 17, 2021, the Frankfurt and Friedrichshafen trade show companies officially signed their previously announced partnership focusing on innovative mobility. Messe Frankfurt has a 49-percent stake in Fairnamic GmbH, a joint venture that will pool the two partners’ expertise in urban mobility and general aviation and promote the global ...
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News briefs
Oeko-Tex partners with brand protection company to track plagiarism
In a move to protect its trademark from infringements, Swiss company Oeko-Tex has entered a partnership with Berlin-based software firm Sentryc that offers an AI-based cloud solution that scans more than 120 international online marketplaces for product piracy and brand abuse. According to Oeko-Tex, thousands of potential misuse cases have ...
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ArticleFormer Timberland CEO and his son unveil new “biocircular” sustainable hiking boots
Erem, a Nevada-based company founded in 2021 that calls itself “the first outdoor brand focused on desert performance,“ has unveiled a new hiking boot that is ”high on performance and low on environmental impact.” Source: Erem While most hiking boots today are made by thermo-fusing plastics and ...
