All Corporate articles – Page 39
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News briefsAntonio Dus is the new CEO of Cicli Pinarello
Source: Pinarello Antonio Dus After heading Tecnica Group for the past five years, Antonio Dus has now been named the new global CEO of Cicli Pinarello. He has a financial stake in the high-end bicycle brand, which came under L Catterton’s control, the LVMH-backed private equity firm, ...
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News briefs
Freestyle skier Candide Thovex launches clothing brand
The French freestyle skier Candide Thovex has launched Candide, a brand new technical outerwear, apparel and accessories brand. The brand is already launching this winter with a complete unisex collection of outerwear, apparel and accessories. Each piece in the collection was conceived, designed and assembled under the supervision of Thovex. ...
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News briefsVF to move Asia-Pacific operations to Shanghai
VF Corp. has decided to move the center of its brands’ operations in the Asia-Pacific region from Hong Kong to Shanghai, where it already has some 900 office and retail employees. Some of the operations will also be transferred to Singapore and Kuala Lumpur, the capital of Malaysia. The transition ...
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News briefsU.S. start-up Sēkr closes first funding round
Sēkr, an American, all female-owned start-up and creator of The Vanlife App, an app that provides community connections and outdoor travel resources in one, has closed its first funding round. With a 400-percent increase in camping activities in the U.S. this year (according to The Guardian), the two founders, Breanne ...
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News briefs
Dorel delays vote on going private
Montréal-based Dorel Industries has postponed a special shareholder meeting to vote on the sale of the company to Cerberus Capital Management to give itself more time to consider the terms of the deal. The meeting will be held on Feb. 16 instead of Jan. 12. A special committee of six ...
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News briefs
Italian ski resorts to introduce tighter restrictions in view of reopening
Italy’s Technical Scientific Committee (CTS) has recommended tighter restrictions for ski lift operations connected with the ongoing pandemic. Ski resorts in the country are currently shut but are due to reopen on Jan. 7. The guidelines that regional authorities submitted did not fully convinced the committee at the end of ...
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News briefs
HumanForest raises €1.4 million via crowdfunding
HumanForest, the British e-bike sharing start-up, has completed its crowdfunding campaign and raised around €1.4 million. Support came from 523 investors via Crowdcube. Founded in 2019, HumanForest aims to offer sustainable micro-mobility to a host of global cities, starting with London in spring 2021. The company successfully ran a trial ...
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News briefs
Major burglary at Specialized headquarters
The headquarters of Specialized Bicycle Components in Morgan Hill, California, was hit by a daytime break-in and robbery on Sunday, Dec. 13. According to reports in The Mercury News, the thieves stole 18 high-value bicycles worth more than $160,000 in total. Police officers were called at about 4:35 pm by ...
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ArticleÅre Skidfabrik invests for the future
As previously reported, the Swedish ski manufacturer Åre Skidfabrik recently expanded its facilities near the ski resort of Åre. It has now been revealed that the expansion was part of the company’s largest single investment in its 40-year history. In addition to the 50 percent larger production area, this also ...
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ArticleOpen Air Group invests in fast-growing Swedish outdoor brand Garphyttan
Open Air Group (OAG), a Stockholm-based group that includes the Chevalier, Tracker, Alaska 1795, Burrel and Valio brands and e-retailers Widforss.se, Widforss.no, Retkitukku.fi and Koiravaruste.fi, is becoming a minority owner of the fast-growing Swedish outdoor brand Garphyttan. Garphyttan develops clothing for outdoor life, work and leisure and has in a ...
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News briefs
Dorel calls special shareholders’ meeting for going-private transaction
The shareholders of Montréal-based Dorel Industries, the parent company of Cannondale, GT, Schwinn and other bike brands, will hold a virtual extraordinary meeting on Jan. 12 to vote on the offer by Cerberus Capital Management to take the company private at a price of CAD14.50 per share. Dorel’s board of ...
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ArticleHeiQ now listed on the LSE
On Dec. 7, thanks to a reverse takeover into Auctus Growth Plc, the textile materials company HeiQ was listed on the London Stock Exchange, under the ticker symbol HEIQ. The stock was oversubscribed on issue and raised £60 million (€66m-$80m) before expenses. The new public interest in the company doubtless ...
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News briefs3M continues to restructure, impacting 2,900 jobs worldwide
U.S. technology company 3M announced the continuation of its restructuring plan initiated last January, which will result in a cut of about 3 percent of its global workforce, amounting to roughly 2,900 jobs. After introducing a new global operating model in January that was meant to enhance the way the ...
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News briefs
German sports crowdfunding platform breaks €10 million mark
Germany’s largest sports crowdfunding platform, fairplaid.org, has reached a record, with a total of €10 million distributed to athletes, sports clubs and regional projects throughout the country. The sum was achieved with more than 1,700 fairplaid projects and more than 125,000 supporters. According to a spokesperson for the platform, fairplaid’s ...
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ArticleNew outdoor brand Artilect to hit stores next year
A new outdoor brand, Artilect®, has announced its launch on the global market. The founders of the brand, based in Boulder, Colorado, are Trent Bush and Corry Taylor. Bush is no stranger to building brands. He founded his first brand, the Twist Clothing Company, in the early 1990s. Since then, ...
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News briefs
Velocio with new European staff
The American bicycle apparel brand Velocio announced two new hires to drive European growth. Friederike “Ricky” Buckenlei has assumed the newly created role of head of Europe, overseeing all elements of the brand’s European strategy. The position builds on her managerial experience and her previous work with brands such as ...
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News briefsTecnica comments on situation at Ski Excellence Center Austria
Earlier this week, some media reported that the ski manufacturer has stopped production at its Tecnica Group Ski Excellence Center in Mittersill, Austria, which has triggered various suspicions and rumors regarding the Covid-19 situation. The Tecnica Group has now officially commented and clarified that the Tecnica Group and its production ...
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ArticleInterview LaMunt: “Women are no longer mere appendages in mountain sports”
The South Tyrolean Oberalp Group, which owns the Salewa, Dynafit, Wild Country, Evolv and Pomoca brands, has presented the new mountain sports brand LaMunt, exclusively for women, at the Oberalp Convention. It is scheduled to be launched in stores in winter 2021/22. Ruth Oberrauch, creator of the brand and daughter ...
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ArticleLafuma’s board approves Calida’s offer
In a lengthy and detailed press release, Lafuma reported that its board of directors is recommending acceptance by its minority shareholders of a preliminary offer made on Oct. 2 by Calida Holding to acquire the balance of the shares it doesn’t own at a unit price of €17.99. The price ...
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ArticleOberalp launches LaMunt - a premium mountain sports brand for women
At the Oberalp Virtual Convention on Oct. 29, Ruth Oberrauch, member of the board of the Oberalp Group, officially presented LaMunt, the new mountain sports brand under the umbrella of the group. “LaMunt is the mountaineering brand from women for women, which opens up a new, female perspective on alpine ...
