All Corporate articles – Page 30
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News briefsDTC e-bike brand Cowboy heads to the U.S.
DTC e-bike brand Cowboy announced on Sept. 23 at the Micromobility America Conference in San Francisco that it is expanding its business to the U.S. At the same time, the Belgian brand is expanding in Europe: the addition of Sweden and Denmark brings the number of served country markets to ...
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News briefsStrong growth for Haglöfs
Swedish outdoor brand Haglöfs reported a 26 percent sales increase during the first half of 2021 compared to the same period last year. The strong performance is related to well-received product lines and overall higher demand for high-quality outdoor equipment, according to CEO Fredrik Ohlsson. “We had a very strong ...
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News briefsMondraker with new headquarter in Spain
Spanish premium bicycle supplier Mondraker has moved into its new headquarters in Elche, 30 kilometers southwest of Alicante. The new building combines everything under one roof - all departments, offices and also production are located close to each other. According to the company, this creates synergies and increases efficiency. However, ...
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News briefsASF 4.0 shoe factory starts production in France
One year after laying the foundation stone and despite the pandemic, the Advanced Shoe Factory 4.0 (ASF 4.0) in Ardoix, in the heart of the Auvergne-Rhône-Alpes region of France, started up its automated production facility for sports footwear on Sept. 16. ASF 4.0 is a subsidiary of textile specialist Chamatex ...
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News briefs
Canada Goose launches automatic share repurchase scheme
Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...
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News briefsOn runs to New York Stock Exchange to go public
Source: On Running On runs to NYSE 100 runners, along with the founders of On, David Allemann, Caspar Coppetti and Oliver Bernhard, and co-CEOs Martin Hoffmann and Marc Maurer ran alongside the Hudson River and over to Wall Street on the morning of Sept. 15 to ring ...
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News briefsSwiss Revolt Zycling revives MTB Cycletech brand
The legal battle over the trademark rights to the MTB Cycletech brand name between former longtime Velobaze CEO George Merachtsakis (who left the company in April 2020) and the Velobaze team led by CEO Sebastian Marten and CFO Michael Läuppi could not be settled when MTB Cycletech parent company Velobaze ...
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News briefs
C.A.M.P. introduces a new logo
Source: C.A.M.P. C.A.M.P., the Italian firm specializing in the manufacturing of technical products for safety in outdoor activities and work at height, has introduced a new logo. The pictogram, defined as “the graphics engine of the rebranding,” was inspired by the mountains at the beginning of the ...
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News briefsSimplon expands Connected Retail Partner program in DACH region and Benelux
Simplon Fahrrad’s Connected Retail Partner program, which was established and extensively tested many years ago at the company’s headquarters at the Simplon Experience Center, currently connects 50 bike retailers. In 2022, it is to be expanded to 100 in the DACH region and Benelux, the company says. The program’s partner ...
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News briefs
Cotopaxi secures growth investment
U.S. outdoor brand Cotopaxi has secured funding led by Bain Capital Double Impact, Bain Capital’s impact investing strategy. The investment is expected to support Cotopaxi’s global growth, acceleration of its global omnichannel and experiential retail strategy, sustainable product strategy, and impact on poverty alleviation and community development support. As part ...
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ArticleHoudini drives expansion of circular economy movement with new shareholder
Swedish outdoor brand Houdini Sportswear announced that Italian investment firm GDTRE will join the brand’s co-founders, Hanna Lindblad and Eva Karlsson, who both hold a minority stake in the company and together own 77 percent of the company, as well as Stefan Ytterborn, founder of POC and CEO and founder ...
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News briefs
Online marketplace Planetics with successful first financing round
Munich-based startup Planetics has successfully closed its first six-figure financing round for its online marketplace for sustainable and fairly produced sporting goods. The exact investment sum was not disclosed. Less than a year after its founding in Oct. 2020, the startup was able to convince various investors, including a former ...
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News briefs
Underwear brand Saxx gets financial injection
Saxx Underwear, a Canadian men’s functional underwear brand founded in 2006, received a strategic investment from TZP Group, a multi-strategy private equity firm, through TZP Capital Partners III. NLS Group Holdings Inc., led by Krystal Growth Partners which invested in Saxx in April 2010, will retain a significant minority interest ...
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ArticleAllbirds files for IPO but remains loss-making, plans to open up new apparel categories
Allbirds, the B Corporation-certified San-Francisco-based footwear and apparel brand, has filed with the U.S. Securities and Exchange Commission for an initial public offering. The document lists the size of the transaction at $100 million, which is an estimate used only to set the registration fee of $10,910. Allbirds was last ...
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News briefs
Pierer announces further increase in revenue forecast for 2021
Driven by the high global demand for powered two-wheelers (e-bikes and also motorcycles), the executive board of Pierer Mobility AG decided on Aug. 26 to raise its sales forecast for the fiscal year, originally published in April 2021. Despite ongoing Covid-19-related supply chain challenges, the outlook remains positive. As a ...
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ArticleNew Mavic owner Bourrelier Group sets successful future course
After the Bourrelier Group took over the insolvent French company Mavic in spring 2020, things were initially very quiet. One year after the takeover, the group now speaks of a successful turnaround, including a stable course for the future. Source: Bourrelier Group Getting Mavic back on track ...
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News briefs
Invista to double nylon 6,6 polymer capacity at Shanghai Chemical Industry Park
In an effort to answer the domestic demand for nylon 6,6 polymers, Invista Nylon Chemicals (China) announced plans to double its current production at the Shanghai Chemical Industry Park (SCIP). The plan is following a 40,000-ton/year capacity increase that was installed in 2020 and is based on an investment of ...
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News briefsU.S. resale startup Trove raises $77.5 million
Trove, a California-based branded resale company that counts Patagonia, Arc’teryx, REI and Lululemon among its customers, has received $77.5 million in a Series D funding round led by G2 Venture Partners, bringing its total funding to date to $122.5 million. Bank of Montreal, Capital One Ventures, Commerce Ventures and Wellington ...
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ArticleOn Holding files registration for IPO
On Holding, the Swiss company that owns On, the performance brand specializing in running and trail running founded in Zurich in 2010 by Olivier Bernhard, David Allemann and Caspar Coppetti, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed ...
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News briefs
Spartan invests in the Highlander hiking event series
Spartan, the endurance sports and extreme wellness brand, has invested and formed a strategic partnership in the long-distance hiking event series Highlander. The partnership is meant to support the growth of Highlander, which currently holds events in 13 countries, while also expanding Spartan’s “tough fitness” portfolio into adventure hiking. Croatian-based ...
