News Briefs – Page 152
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News briefsPremiere of the EcoHimal Charity Run powered by Salomon and Sympatex
The non-profit organization EcoHimal e.V. is organizing its first charity run on Strava in September. The campaign is supported by Salomon and Sympatex. In addition to the virtual Strava Challenge, the event format also includes two Salomon test events on Sept. 9 and 23, 2021, in front of the Salomon ...
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News briefs
Underwear brand Saxx gets financial injection
Saxx Underwear, a Canadian men’s functional underwear brand founded in 2006, received a strategic investment from TZP Group, a multi-strategy private equity firm, through TZP Capital Partners III. NLS Group Holdings Inc., led by Krystal Growth Partners which invested in Saxx in April 2010, will retain a significant minority interest ...
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News briefsEquipment sales in the U.S. up 23% in first semester
The NPD Group reports that areas of the U.S. outdoor and sports industry experienced unprecedented highs over the past year and a half, as consumers sought refuge outdoors during the pandemic. This behavior is not a flash in the pan; in fact, equipment sales at sports specialty retail grew by ...
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News briefs
Geoff Anderson broadens product range with tools
Geoff Anderson, a Danish company best known for its fishing apparel, has introduced a new range of tools that will complement its clothing collections. The new range, called WizTool, includes clamps, nippers, scissors, magnets, jagged jaws and a sharpener. All the tools in the new range are said to be ...
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News briefs
American outdoor industry body launches workforce assessment
The Washington, D.C.-based Outdoor Industry Association (OIA), the nonprofit trade body of the outdoor industry in the U.S., and several partner organizations have launched the Outdoor Industry Workforce Assessment. The voluntary survey, open to the leadership and management teams of companies and organizations in the outdoor recreation industry, will gather ...
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News briefsManufacturing company PTT receives ISO 9001 certificate, passes Puma audit
Textile manufacturer ProTecTekstil (PTT) in Muskosredicze, Croatia, has completed two comprehensive certification processes and now holds the ISO 9001:2015 certificate. Besides that, the plant – owned by Munich-based functional clothing specialist Hyphen Sports GmbH – passed an audit by German brand Puma for possible production at the site. PTT offers ...
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News briefs
Pierer announces further increase in revenue forecast for 2021
Driven by the high global demand for powered two-wheelers (e-bikes and also motorcycles), the executive board of Pierer Mobility AG decided on Aug. 26 to raise its sales forecast for the fiscal year, originally published in April 2021. Despite ongoing Covid-19-related supply chain challenges, the outlook remains positive. As a ...
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News briefs
World Cycling Forum on Sept. 6-7 offers live stream access
For those who can’t physically attend the World Cycling Forum, WFSGI has now announced the option of streaming the conference digitally. The event, held Sept. 6-7, just ahead of the new IAA Mobility Show in Munich, will revolve around the main theme of “Capitalizing on the Current Bike Boom.” Streaming ...
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News briefsMaier Sports offers environmentally friendly impregnation and cleaning service
Outdoor apparel specialist Maier Sports is offering a professional and convenient impregnation and cleaning service for its clothing in cooperation with MeyerundKuhl, a specialist in sustainable and environmentally friendly cleaning and reimpregnation of functional textiles with a focus on outdoor and sports clothing. Founded in 2014, the company from Hardegsen ...
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News briefsSwedish WeSports group in a buying mood, acquires six brands
The Swedish WeSports Group AB has taken over a number of brands and companies in the recent weeks and months. After the acquisitions of Rawbike and the Nordic Outdoor & Sports Group, which were completed in April this year, the Stockholm-based enterprise has taken over six more companies during the ...
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News briefsFrilufts Retail Europe acquires U.K. retailer Trekitt
Frilufts Retail Europe AB, a subsidiary of Fenix Outdoor International AG, is expanding its European retail network and has acquired all outstanding shares of the British outdoor retailer Trekitt. To date, Frilufts already includes four retail chains operating in the outdoor sector, which generated total sales of €264 million last ...
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News briefsEurobike starts with confidence into last show in Friedrichshafen, despite reduced number of exhibitors
Eurobike will launch its first edition after the pandemic outbreak this Wednesday, Sept. 1, with a total of 630 exhibitors from 42 countries occupying an area of 80,000 square meters. This is a decrease of more than 50 percent compared to the nearly 1,400 of the last edition, which took ...
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News briefsU.S. resale startup Trove raises $77.5 million
Trove, a California-based branded resale company that counts Patagonia, Arc’teryx, REI and Lululemon among its customers, has received $77.5 million in a Series D funding round led by G2 Venture Partners, bringing its total funding to date to $122.5 million. Bank of Montreal, Capital One Ventures, Commerce Ventures and Wellington ...
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News briefs
Invista to double nylon 6,6 polymer capacity at Shanghai Chemical Industry Park
In an effort to answer the domestic demand for nylon 6,6 polymers, Invista Nylon Chemicals (China) announced plans to double its current production at the Shanghai Chemical Industry Park (SCIP). The plan is following a 40,000-ton/year capacity increase that was installed in 2020 and is based on an investment of ...
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News briefsResearchAndMarkets publishes new report on European camping tent market
In its new report, “Camping Tent Market in Europe 2021-2025,” ResearchAndMarkets.com offers insight into the 2020 camping tent market, as well as an outlook for the coming years and a forecast until 2025. According to the 120-page report, the camping tent market in Europe will grow by $157.14 million from ...
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News briefsSOLE launches climate accountability initiative and carbon-negative insoles
Canadian footwear company SOLE has launched CO2negative, an initiative in collaboration with ReCORK™ to promote and facilitate the accurate labeling of the climate impact of consumer products and the certification of CO2-negative products, and simultaneously announced its first CO2negative™-certified insoles, the Performance footbed collection. Made from ReCORK recycled cork, the ...
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News briefs
Wholesaler Absolut Bikes to expand with new owner
On Aug. 24, Dutch investment company Fields Group officially announced that it will acquire German bicycle wholesaler Absolut Bikes GmbH. While there were no details given on the sale price, it was announced that Absolut Bikes’ founder and managing director, Kai Stemann, will remain on board for an agreed transition ...
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News briefsUSWE swings to Q1 profit as sales soar on demand surge
Swedish outdoor and sports brand USWE reported a jump of 253 percent in net sales to 29.3 million Swedish kronor (€2.86m-$3.37m) for the three months to June 30. It generated an operating profit before depreciation and amortization (Ebitda) of SEK 5.58 million (€0.55m-$0.64m), or a margin of 19 percent of ...
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News briefsRegistration for OutDoor by ISPO open until mid-September
With on-site presentation packages starting at €1,999 in the start-up area, the next OutDoor by ISPO (Oct. 5-7) will launch a new format of physical and digital brand presentation that is intended to act as a kick-off for a new era of B2B communication. The show will be held as ...
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News briefsNike and Newlight explore the use of carbon negative material
Nike and California-based Newlight Technologies have announced a partnership to utilize AirCarbon, an energy-storing material, as part of Nike’s plans to accelerate carbon emissions reductions within its supply chain and manufacturing. According to Nike’s most recent press release, materials account for 70 percent of the brand’s carbon footprint. To produce ...
