All Corporate articles – Page 34
-
News briefsFox Racing with new financing partner
On May 18, investor Wingspire Capital provided a US$95 million senior secured credit facility consisting of a US$35 million revolving credit line and a US$60 million term loan to Fox Racing Inc. The U.S. company said it’s using the loan proceeds not only to refinance its prior senior credit facility ...
-
ArticleVF Corp. launches new incubator platform to develop innovative business models
VF Corp. has launched Venture Platforms, an “innovation pillar that will focus on identifying and investing in new, future-focused opportunities.” The new brand pillar within the group will add a specific innovation-focused component to the existing brand portfolio strategy, which will focus on identifying and investing in new, forward-looking opportunities. ...
-
ArticleVista unveils four-year plan with ambitious strategic goals
With a successful fourth quarter under its belt, Vista Outdoor, headquartered in Anoka, Minnesota, has released its “Roadmap to 2025.” The plan calls for annual sales growth of more than 10 percent, including acquisitions, and an EBITDA margin that is expected to increase from the current 15.5 percent to 20 ...
-
News briefsHanwag celebrates 100th anniversary
Source: Hanwag Hanwag, the Bavarian outdoor footwear company, has said that it will celebrate its centenary by making 400,000 pairs of boots and shoes. The business was founded in 1921 by Hans Wagner, the son of a shoemaker, in the village of Vierkirchen, north of Munich. Wagner’s ...
-
News briefs
Chaco moves to new Michigan factory
Chaco, an outdoor lifestyle footwear brand owned by Wolverine World Wide, Inc., has moved to a larger and upgraded U.S. manufacturing facility in Rockford, Michigan, “to meet growing demands for increased footwear production, customization program, and reweb and resole requests from consumers,” the company said. The new factory provides 25 ...
-
News briefsVF pledges to eliminate child labor
VF Corp. has created a new Child Rights Action Pledge to strengthen children’s rights and eliminate child labor throughout the global apparel supply chain by 2025. As part of its pledge, VF commits to integrate the Children’s Rights and Business Principles developed by UNICEF, the United Nations Global Compact and ...
-
ArticleU.S. bike industry veteran to head Hero International in London
After Indian two-wheeler giant Hero MotoCorp Ltd. (also known as Hero Motor Company or HMC) announced in March the formation of Hero International (HIT) as its new international headquarters in Europe, U.S. industry veteran Jeff Weiss has now been hired as CEO of the new London-based company. Once founded as ...
-
News briefsChanges in the sales strategy at Fjällräven Germany
As part of Fjällräven Germany’s new sales strategy, which was already initiated in the second half of 2019, sales have now been divided into the two areas of strategic accounts and field sales in order to maintain greater market and customer proximity. Andreas Kost was named head of field sales ...
-
News briefs
Rapala VMC completes buy-back of shares
Rapala VMC Corp. communicated on March 25 that its board had decided to start buying back a maximum of 100,000 of Rapala VMC’s own shares, with a maximum of €700,000. The buy-back of its own shares started on April 1st and ended on May 10. During this period, the Finnish ...
-
ArticleConstruction starts on new Kettler Alu-Rad e-bike factory in Germany
Kettler Alu-Rad, a member of Europe’s leading bicycle purchasing cooperative Zweirad-Einkaufs-Genossenschaft (ZEG), is beginning with the construction of a new production facility in the German state of Saarland. As early as the first quarter of 2022, the first e-bikes are expected to roll off the production line from one of ...
-
ArticleA.S. Adventure Group becomes Yonderland as it completes its refinancing
The A.S. Adventure Group is changing its name to Yonderland as it completes a financial reorganization under which its bank lenders have acquired a minority stake in the company. In addition to rescheduling its debt, it will also receive a capital injection of €25 million to support its growth strategy ...
-
News briefs
SRAM rewards shareholders after strong year
SRAM, the private maker of bicycle components, plans to issue a $1.1 billion term loan to finance a special distribution of $750 million to its shareholders, after a banner year in which its sales jumped to $974 million, thanks to the recent bike boom. The rest of the proceeds will ...
-
News briefs
VF is splitting up Icebreaker, laying off up to 50
Four years after acquiring the New Zealander brand of merino-wool apparel, VF Corp. will be splitting Icebreaker into three entities, according to reports in the NZ Herald. Two of these entities will be operating out of the present headquarters, in the city of Ponsonby, and the other out of Switzerland. ...
-
News briefs
Salomon unveils details of its restructuring plan
Salomon’s management, led by CEO Jean-Marc Pambet, presented details of its restructuring plan to the company’s Social and Economic Committee (CSE) on May 3. The plan envisages cutting 82 jobs out of 738 at the company’s facility in Annecy, in France’s southeast. The cuts are mostly due to the closing ...
-
News briefsDerby Cycle becomes Kalkhoff
The German bicycle manufacturer Derby Cycle, part of the Dutch Pon Bike Group (PBG; with brands Cervélo, Focus, Faraday, Juliana, Kalkhoff, Santa Cruz and others), will operate under the Kalkhoff brand name in the future. In addition, the historic Kalkhoff site in Cloppenburg will be completely remodeled. A new plant ...
-
News briefs
On Running said to be eyeing IPO again
On, the Zurich-based sports brand backed by Roger Federer, publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations for an initial public ...
-
News briefs
Aquapac invests in growth during lockdown
U.K. outdoor and watersports accessories brand Aquapac has reported strong sales performance in the last nine months. The best performance in the first half of the fiscal year in four years is attributed to investment in new products, a new marketing manager and the Covid-19 pandemic, which is bringing more ...
-
News briefsRose Bikes sets course for the future with new production hall
German DTC bicycle supplier Rose Bikes is opening a new production hall in its hometown of Bocholt. This represents not only expanded production capacity but also reorganized logistics and additional regional employment. According to the family-owned company, there is room for an additional 120 jobs here. Currently, Rose Bikes employs ...
-
News briefsDidriksons presents new brand logo
Swedish brand Didriksons presents a new brand logo designed by the Swedish advertising agency The Bond. The new logo will be seen on the new styles of the Fall/Winter 21 collection and is derived from simplified angles found in the profile of a jacket, resembling an arrow pointing forward. The ...
-
News briefs
Safilo with new board of directors
Safilo Group’s shareholders approved on April 29 the company’s accounts for the 2020 financial year and appointed a new board of directors, increasing its composition from 9 to 10 members. Elected board members proposed by Multibrands Italy, an entity controlled by HAL Holding that holds 49.84 percent of Safilo Group’s ...
