All Corporate articles – Page 36
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ArticleEuropean carbon bike frame factory opened in Portugal
Together with German carbon forge All Ahead Composites as a technology partner and Taiwanese supplier Art Collection Corporation as a design partner, the Portuguese companies Ciclo Fapril, Miranda Bike Parts and Rodi Rims & Wheels have established a European carbon frame factory under the name Carbon Team. In 2016, these ...
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News briefsSigma presents new brand logo
To strengthen its Sigma brand, German bike computer and lighting provider Sigma Sport-Elektro has introduced a new, modern logo just in time for the new season. According to the company, the rebranding also represents the ongoing development of Sigma, which is currently undergoing a transformation process: “Sigma ...
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ArticleDTC e-bike brand VanMoof heralds global stationary service expansion
As part of its core global strategy, flourishing DTC e-bike supplier VanMoof announces plans to expand its local presence from eight to 50 cities over the next six months. With this move, the Dutch company aims to strengthen its position “as an e-bike leader” in the field of urban mobility. ...
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ArticleAdidas ends 2020 with a small plus and presents new business plan with focus (also) on outdoor
As reported in detail by our sister publication SGI Europe, the Adidas Group ended the year with a small sales increase of one percent in local currencies in the fourth quarter, despite a challenging environment, especially in Europe, the only market that suffered a sales decline. As currency headwinds persisted, ...
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News briefsRebike Mobility receives further financial injection
To maintain its current growth rate, the German e-bike mobility company Rebike Mobility has been able to raise further capital. As part of a Series B financing round, €10 million were raised. Source: Rebike Rebike founders and MDs Sven Erger (left) and Thomas Bernik. With the fresh ...
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News briefsGarmont is open for acquisitions after entry of new majority shareholder
Garmont International, the Italian outdoor and technical footwear brand, told our sister publication SGI Europe that after consistent strong growth in recent years due to the Covid 19 pandemic, it reported an unconsolidated sales decline of more than 15 percent to €14 million in 2020, but still posted a profit. ...
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ArticlePAI retains control of A.S. Adventure, whose sales fell by 22.9% in 2020
We reported earlier about an agreement between A.S. Adventure Group and 12 banks, brokered by the Amsterdam District Court, to deal with its debt of €292 million. Responding to our inquiries, the company’s management indicated that the terms of the agreement are a little different from what has been reported ...
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ArticleConzzeta in transformation - new name, search for Mammut buyer and resignation of management team
In a further step in its ongoing strategic transformation and following the publication of declining results for the 2020 financial year, the executive board of the Swiss Conzzeta Group will step down at its upcoming annual general meeting on April 21. The board of directors will also propose to the ...
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News briefsIvanhoe celebrates 75th anniversary
Swedish knitwear specialist Ivanhoe will celebrate its 75th anniversary this November. The family-owned company, based in Gällstad, a district known as “Sweden’s own knitting center,” will present a range of styles reflecting important eras and successes from the past, and aims to celebrate with employees and customers ...
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News briefs
Teijin merges two subsidiaries into Teijin Frontier Knitting
Teijin Frontier, the fiber and products converting company of the Teijin Group, has announced that it will merge its subsidiaries Teijin Modern Yarn and Shinwa into a new joint subsidiary called Teijin Frontier Knitting. The merger is due to take place on April 1. Teijin Frontier Knitting will develop, manufacture, ...
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ArticleHalf of A.S. Adventure Group taken over by banks in exchange for €85 million in debt
According to reports by the Dutch financial daily Het Financieele Dagblad and the Belgian business daily De Tijd report, half of the share capital of the Belgium-based A.S. Adventure Group, one of the largest omnichannel outdoor retailers in Europe, has been taken over by several of its creditors – a ...
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News briefsHartje expands Czech e-bike assembly activities
In 2017, German bicycle wholesaler, importer and supplier Hermann Hartje started assembling e-bikes from its own brand portfolio in the Czech Republic with a total of 25 employees. This assembly operation has now moved from a rented site to a new building created by Hartje. The Czech subsidiary Hartje e-factory ...
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News briefsBrand relaunch at Fazua
Source: Fazua With a brand relaunch, e-bike drive manufacturer Fazua opens a new chapter to its newly launched umbrella theme of “Energy Bikes.” According to the German company, the rapidly growing number of sportive cyclists will find Energy Bikes “the optimal natural support in every category.” With ...
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News briefsVF and Pensole offer corporate apprenticeship program for BIPOC students
As part of its ongoing commitment to racial equity, VF Corp. brands Timberland, Vans and The North Face, in partnership with Portland-based footwear design academy Pensole Academy, have launched a new educational program in the U.S. called ”DiverCity x DESIGN.” The program provides unique access to professional design experience and ...
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News briefs
U.S. brand Hyperlite secures equity investment
SGB reports that Hyperlite Mountain Gear, a U.S. East Coast company founded in 2010 by brothers Mike and Dan St. Pierre, has secured an investment from T-street Capital, a Connecticut-based independent growth equity firm founded in 2013 by Dale Cheney. Hyperlite has previously made a name for itself with high-tech ...
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News briefsDeuter introduces new look
After 37 years of constant branding, German backpack and sleeping bag specialist Deuter is introducing its new brand design and logo with the new 2021 spring collections. The new, clean and modern logo is only the fifth in the brand’s more than 120-year history. Alongside the younger ...
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News briefsSimplon prepares for further growth by expanding facilities
Austria’s second-largest bicycle producer, Simplon Fahrrad, has set the course for further growth: the company’s parent, Simplon Holding, has just acquired a property formerly owned by Vorwerk Austria, only 90 meters from Simplon’s premises. It will be handed over on April 1, 2021. No details were given about the purchase ...
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News briefs
New investors for Garmont
Garmont International, the Italian manufacturer of outdoor and tactical footwear, has announced that Italian Strategy Private Equity (ISPE), managed by Riello lnvestimenti Partners, has acquired a 65 percent stake in the company’s share capital. The transaction is expected to be completed by the end of March. Thereafter, Pierangelo Bressan, current ...
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News briefsOne millionth e-bike mid-motor leaves Brose’s production line
Late, but not too late, the German family-owned company Brose Fahrzeugteile came up with the electrifying idea to transfer its long experience as a supplier of electric motors for the automotive industry to the e-bike industry. In 2014 – when e-bikes were already gaining momentum – the company started a ...
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News briefsWolverine gets Standard & Poor’s upgrade
Standard & Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repaid a $171 million, 364-day loan contracted because of the coronavirus pandemic and reported better-than-expected results ...
