News Briefs – Page 118
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News briefsCalida finalizes sale of Millet
The Swiss Calida Group has finalized the sale of Millet Mountain Group on April 20, 2022. Jean-Pierre Millet, investor and grandson of Millet’s founder, and Inspiring Sport Capital, a private equity firm specializing in sports investments, have acquired the Millet Mountain Group with the Millet and Lafuma Outdoor brands, returning ...
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News briefsAccell Group sets May meeting date on KKR offer
The Dutch Accell Group has established May 20 as the date for the extraordinary general meeting on the recommended all-cash, €1.56 billion (€58.00 a share) offer for the company by a consortium led by U.S. financial investor Kohlberg Kravis Roberts (KKR). The offer, initially revealed in late January, was formally ...
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News briefsThe New Earth Project launches to tackle global packaging waste issues
Launching on Earth Day (April 22) is a new joint coalition of brands, companies, packaging suppliers and outdoor enthusiasts called “A New Earth Project”. The coalition is publicly promoted by pro surfers Kelly Slater, Kai Lenny, Vaihiti Mahana, Carlos Munoz and Koa Smith and supported by Atlantic Packaging, the largest ...
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News briefsVaude opens northernmost German franchise store
On Germany’s North Sea coast, the long-established regional fashion etailer Silomon has opened Germany’s northernmost Vaude franchise store in the pedestrian zone of the town of Norden. With a floor space of 160 sqm, the new store run by Heida und Sven Haltermann carries mainly the German outdoor manufacturer’s bike ...
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News briefsClarus expands credit facility
To fund its ongoing search for new “Super Fan” brands, Utah-based Clarus Corp expanded its senior secured credit facility to $300 million and entered into a $125 million term loan facility. Including a $175 million accordion feature, the new agreement provides Clarus with a total borrowing capacity of up to ...
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News briefsDutch brand Cortazu receives B Corp certification
Amsterdam-based DTC outdoor brand Cortazu, founded in 2017 with the goal of “creating high-quality, sustainable apparel at an unprecedented value,” is the first Dutch outdoor brand to receive the B Corp certification. According to B Lab’s B Impact assessment, Cortazu received an overall score of 102.8. The median score for ...
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News briefsSportshopen builds new warehouse and logistics center
Sportshopen, the retail chain of Swedemount Sportswear & Fashion AB, which was founded in 1991 and currently has 15 stores in Sweden, is building a new warehouse and logistics center with offices in Gothenburg. The company’s growing European e-commerce business made this move necessary, according to ehandel.se, primarily to guarantee ...
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News briefsWeSports acquires community and shop for lightweight outdoor gear
WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has completed the acquisition of Backpackinglight, a Scandinavian community that helps hikers and adventurers have a lightweight outdoor experience. Founded in 2008, Backpackinglight operates out of Umeå, Sweden, where ...
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News briefsSeveral Pieps and BD avalanche transceivers may have technical problems
Pieps and Black Diamond have identified a possible malfunction in the electronics of some of their avalanche transceivers that may prevent them from switching from “Send” to “Search” mode. Although the companies are still investigating the problem, both brands are currently asking end-users to immediately perform a safety inspection to ...
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News briefsVango launches new U.K. campaign
British outdoor brand Vango has launched a major advertising campaign across the U.K., running until May 12 on various platforms including Sky Adsmart, ITV and several digital media, to showcase the brand’s camping heritage and inspire new and existing Vango customers to embrace the world of camping. The brand has ...
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News briefs
Nemo turns 20 and becomes Climate Neutral certified
U.S. brand Nemo is celebrating its 20th anniversary this year, still being majority family-owned. The brand that started as a start-up in college by Cam Brensinger also announced its partnership with Climate Neutral. Nemo has successfully undergone the necessary process to be Climate Neutral certified, including the purchase of eligible ...
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News briefsVF Foundation releases latest social impact report
Source: VF Foundation VF Foundation Impact Report In its second impact report, the VF Foundation (the philanthropic arm of VF Corp.) reveals details of its humanitarian and community engagement, reaching out to more than three million people in 73 countries during the period between March 29, 2020, ...
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News briefsEurobike and German railway offer free e-bikes for show visitors
The German railway company Deutsche Bahn (DB) has agreed to a partnership with Eurobike for its 2022 edition of the mobility show from July 13 to 17, 2022. 2,000 e-bikes from the DB “Call a Bike” rental fleet will be available, ready to use with a free voucher for Eurobike ...
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News briefsProgressive retailer Kith presents first Columbia collab collection
Kith and Columbia Sportswear have launched their first collaborative apparel collection, ”Kith for Columbia” 2022. The 45-piece collection of apparel and accessories is inspired by the outdoor lifestyle and “interpreted through the Kith lens”, as the New York-based retailer says. The new drop comes in the line of other collaborations ...
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News briefsH&M’s Arket to carry Klättermusen
As reported by habit.se, Arket will add the Swedish outdoor brand to its assortment starting April 21. Previously, Arket had already sold third-party products from footwear brands Tretorn, New Balance and Merrell, but Klättermusen marks the first time it is stocking an external clothing brand, with accessories to be offered ...
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News briefs
Researchers in Australia and New Zealand work on sustainable textile coating inspired by bees
A new research collaboration is developing a sustainable alternative to harmful chemicals used in durable water repellent (DWR) textile coatings made from biopolymers that mimic bees’ nests. Scientists at the Institute for Frontier Materials at Deakin University in Australia and New Zealand-based biotechnology research company Humble Bee Bio are collaborating ...
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News briefs$85 million financial boost for start-up Natural Fiber Welding
U.S.-based start-up Natural Fiber Welding (NFW) has raised $85 million in funding to scale the production of its all-natural, circular materials products. The investors backing the circular materials company include Evolution VC Partners, Tattarang, Lewis & Clark AgriFood, Collaborative Fund, AiiM Partners, Engine No.1, Raga Partners, Tidal Impact, Scrum Ventures, ...
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News briefsClimatePartner opens new Spanish office in Barcelona
ClimatePartner has just opened its first office in Spain, a country already feeling the consequences of global heating with increasing draughts, wildfires and a rising sea level. Led by Tom Weseloh, former sustainability officer at Mediamarkt and managing director of a start-up focused on the development of Soil Organic Carbon ...
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News briefsMaterial Exchange raises €25 million in Series A funding
The international virtual marketplace Material Exchange has raised €25 million in Series A funding. Material Exchange is a B2B SaaS-enabled marketplace for the apparel and footwear industry connecting brands with material suppliers across the globe. The company works out software to digitize the material sourcing process and replace the complex ...
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News briefsNew bike opening in the Dolomites
From May 27 to 29, 2022, the Dolomiti Paganella Bike Opening will take place for the first time in the region of the same name in Trentino, Italy. On the three days of the event, various brands and media will gather at each of the three rifugi La Montanara (Molveno ...
