All Corporate articles – Page 30
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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 ...
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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 ...
