All Corporate articles – Page 31
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News briefs
Is Puma targeting the outdoor market?
In an interview on Aug. 23 with Süddeutsche Zeitung, one of the leading German newspapers, Bjørn Gulden, who has been CEO of Puma since 2013, said: “We need to focus more on outdoor. Not as an outfitter of extreme athletes or ambitious summiteers. But there is a big trend towards ...
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ArticleSSU reorganizes management of Internetstores Group
After more than three years as CEO of Internetstores GmbH, Hans Dohrmann will leave the parent company of multichannel bike, camping and outdoor retailers such as Addnature, Bikester, Brügelmann, Campz and Fahrrad.de. According to Internetstores Group’s parent company, Signa Sports United (SSU), he will leave “on good terms” on Sept. ...
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News briefsSunRace Sturmey-Archer partners with Dutch brand design agency
Publicly traded Taiwanese bicycle component manufacturer SunRace Sturmey-Archer Inc. has begun collaborating with renowned Dutch brand design agency Dutch Portfolio to develop a new global branding and marketing strategy for the component manufacturer that will increase brand awareness, digital and physical presence and market share. To that end, Dutch Portfolio ...
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ArticleEDM Interview Series #04-2021: Samaya
The Outdoor Industry Compass spoke with Arthur Jallas, co-founder and sales leader of French brand Samaya.
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ArticleAdditional cash boost for Arevo allows for expansion of 3D printing facilities
Silicon Valley-based technology company Arevo unveiled a 3D-printed bicycle frame at Eurobike 2019. In August 2020, the company began offering on-demand custom production using a high-speed printer and in August 2021, Arevo announced not only “the completion of the world’s largest 3D printing facility for carbon fiber composite additive manufacturing,” ...
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News briefsArdian invests in YT Industries
On Aug. 3, Ardian, a leading global investment firm based in Paris and majority-owned by its employees, officially announced that it would support German DTC mountain bike provider YT (“young talent”) Industries GmbH. While the financial terms of the deal were not disclosed, the use of the additional cash infusion ...
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News briefs
Woolrich revives “The Woolrich Woman” from the 1980s with Daniëlle Cathari
Woolrich is reviving its 1980s label “The Woolrich Woman” with Daniëlle Cathari, the Dutch designer known for playing with “complementing contrasts” and deconstructing and reconstructing fashion norms through design. Cathari’s first collection for Woolrich will launch on Sept. 24 for autumn/winter 2021. It will comprise outerwear, knitwear and accessories. The ...
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ArticleSRAM Group opens Time pedal factory in Portugal
On June 30, bicycle component manufacturer SRAM Group (Rockshox, SRAM, Time, Truvativ and Zipp brands) celebrated opening a new production facility for Time pedals in Portugal. Annual production capacity is to be ramped up to 200,000 pairs of high-quality pedals, the company said. No details were disclosed about the level ...
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ArticleHow Bike24 is capitalizing on a global boom in bike sales
As the pandemic fuels a craze for cycling, Europe’s biggest online marketplace for bikes makes an impressive stock market debut.
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ArticleBMZ and Panasonic Cycle Technology announce cooperation for e-bike drivetrains in Europe
German battery specialist BMZ GmbH (aka BMZ Group) has signed a cooperation agreement with Japanese pedelec drivetrain pioneer Panasonic Cycle Technology Co. for complete e-bike drivetrain systems for the European market. This marks the entry of BMZ Group, which has previously also made a name for itself as a supplier ...
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ArticleVision Quest Velocity secures $3.4 million in seed funding
Vision Quest Velocity LLC, an early-stage virtual cycling start-up from the U.S., announced that it has received $3.4 million in seed round funding. Strategic financial partners led the investment round. Velocity will leverage Vision Quest Coaching’s more than 20 years of experience and knowledge to launch a unique and differentiated ...
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News briefs
Citrus-Lime, British provider of cloud-based retail systems, breaks the £1 billion barrier
U.K.-based PoS solutions provider Citrus-Lime reports that customer sales processed through its End-to-End Retail Solution have broken through the £1 billion (€1.17bn-$1.39bn) barrier – a major milestone in the company’s history. More than half of that amount was transacted through the platform in the last 12 months alone, Citrus-Lime said. ...
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ArticleEDM Interview Series #03-2021: Artilect
In part 3 of EDM’s new Interview Series, we spoke with Trent Bush, founder and Co-CEO of Artilect.
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News briefsLenzing to build new wastewater treatment plant in the U.K.
Austrian Lenzing Group is investing roughly €23.3 million to build a new wastewater treatment plant at its site in Grimsby, England. The investment is part of the company’s plans to reduce wastewater emissions by 20 percent by 2022 (against a 2014 baseline). Once it has implemented this project, Lenzing will ...
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News briefsGerman specialty bike manufacturer Hase Bikes expands and modernizes production
Due to strong growth in recent years, German Hase Bikes is investing in a new building, giving the specialty bike manufacturer (recumbent trikes, step tandems and cargo bikes, including “e”), which has also made a name for itself in the rehab sector, the opportunity to reorganize production. The new facility ...
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ArticlePierer Mobility and Maxcom join forces for new e-bike factory
On July 21, Austria’s Pierer Mobility AG and Bulgaria’s largest bicycle manufacturer Maxcom Ltd. announced the establishment of a joint venture in which each party will hold a 50 percent stake. With an investment of €40 million, this joint venture will develop a state-of-the-art e-bike production facility in Bulgaria on ...
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News briefs
Nextil to open new textile production facility in Guatemala
Madrid-based textile group Nextil, which is primarily focused on the production of sustainable fabrics and garments, announced that it will invest €40 million in a new fabric production plant in Guatemala, which it says is “one of the largest elastic fabric production plants in the world.” The 25,000-square-meter facility is ...
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ArticleDDK Group increases production capacity with new factories in Vietnam
Like all Asian manufacturers, the Taiwanese bike saddle manufacturer DDK Group has been overwhelmed by much higher production demand than expected. Not only is DDK’s factory in Changhua, Taiwan, running at full capacity, but the group’s factories in Nantong, China, and in Thủ Dầu Một, Vietnam, are also overloaded. The ...
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News briefsCake to open factory near Stockholm
Source: Cake Stefan Ytterborn Cake, the Swedish manufacturer of lightweight electric motorcycles and a member of the Scandinavian Outdoor Group (SOG), announced the opening of its new factory in Albyberg, Sweden. In line with its mission to inspire society towards a zero-emission lifestyle, Cake continues to rapidly ...
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News briefsLa Passione successfully closes another funding round
Italian DTC cycling apparel brand La Passione Cycling Couture (La Passione Srl), founded in 2015, has raised €7 million in another round of financing. This cash injection comes partially from existing investors – Milano Investment Partner (MIP), Club Italia Investimenti 2, Club Digitale and Cyclo Club – who have been ...
