News Briefs – Page 161
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News briefs
Outdoor Industry Association with new executives
The U.S. Outdoor Industry Association (OIA) has named Arlene Charles chief operating officer and Kelly Davis director of research. Charles has served as general manager for Girls Inc. of Columbus and Phenix Russell as well as COO for the YWCA of Greater Atlanta and has more than 30 years of ...
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News briefs
Buff reports 63% growth
Original Buff, the Spanish headwear and neckwear company, saw its revenues soar by 63 percent to €85 million during the financial year ended April 30, thanks to multiple reasons. It benefited from the increased popularity of outdoor activities during the Covid-19 pandemic, the launch of its anti-Covid face masks and ...
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News briefsU.S. wholesaler QBP adds Benno Bikes to portfolio
U.S. bicycle wholesaler Quality Bicycle Products (QBP) will be the sole domestic distributor for California-based Benno Bikes’ bicycles, parts and accessories, beginning with the 2022 model year. With home market distribution centers in Minnesota, Pennsylvania, Nevada and Colorado, QBP serves a network of more than 5,000 independent bicycle dealers across ...
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News briefsSpanish consumers like shopping both online and in stores
According to the “Estudio E-Commerce 2021,” a study put out by IAB Spain and Elogia, the distinction between e-tail and physical retail has blurred this year in Spain to the point of indifference for 58 percent of the country’s consumers. This is an increase of six percentage points from last ...
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News briefsKathmandu group issues profit warning
The new Covid-related retail lockdowns in Australia have negatively affected the profitability of Kathmandu Holdings. Its guidance for the financial year ending July 31 has been reduced to underlying Ebitda of 120 million New Zealand dollars (€71.3m-$84.1m) on revenues of NZ$ 930 million (€552m-$651m), which would compare with Ebitda of ...
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News briefs
Authentic Brands Group files for IPO
Confirming rumors that have circulated in the past few weeks, the rapidly expanding Authentic Brands Group (ABG) has filed for an initial public offering. It said it seeks to raise $100 million through an IPO on the New York Stock Exchange, but it did not indicate yet the timing, how ...
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News briefsYKK partners with GTT for sustainable water protection on zippers
Zipper and fastening products manufacturer YKK has entered into a licensing agreement with Green Theme Technologies (GTT) to use their water-free and non-toxic Empel water protection polymer technology on zippers. GTT is specializing in sustainable performance textile finishes, and PFC-free Empel is now being utilized on zippers for the first ...
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News briefsGruppo sets course for the future with new majority shareholder and CEO
U.S. investor Asobi Ventures Inc. has acquired a majority stake in Italy’s Gruppo Srl, the parent company of bicycle manufacturer Cinelli and (bicycle frame) tube producer Columbus. Further details of the transaction were not disclosed. At the same time, Gruppo has appointed Marcello Segato as CEO. Source: Gruppo ...
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News briefsVittoria launches bike tire subscription service
Italian bicycle tire giant Vittoria Group is launching its first B2B tire service, called “Vittoria2Go.” The service allows customers to purchase bicycle tires on a subscription basis and pay monthly. With this unique offering, the Italians are targeting the growing bicycle leasing and rental market. The first customer is Pon ...
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News briefs
Klarna is the first Fintech to join The Climate Pledge and Race to Zero campaign
Klarna, a leading global payments provider and shopping service from Sweden, announced that it is joining The Climate Pledge and the Race to Zero campaign. Klarna is to implement decarbonization strategies in line with the Paris Agreement in order to reach net-zero greenhouse gas emissions in all scopes by 2040 ...
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News briefs
Olpro reports successful reforestation project
Source: Olpro British camping brand Olpro has planted 1,680 trees in the six months after launching an initiative to plant one tree for each Olpro tent or awning sold. The Worcestershire-based company has contributed to reforestation projects in Madagascar, Mozambique and Nicaragua. The Outdoor Industry Association (OIA) ...
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News briefsThe Renewal Workshop closes $6 million investment round
Secondhand solutions specialist The Renewal Workshop (TRW), a B Corp headquartered in Cascade Locks, Oregon, with offices in Amsterdam, has secured $6 million following a successful funding round from investors including Rubio Ventures, Shift Invest, Quadia, Closed Loop Partners, Fashion for Good, Gratitude Railroad, Portland Seed Fund and others. TRW ...
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News briefsSkylotec acquires Climbing Technology
The German family-owned company Skylotec has acquired the Italian brand Climbing Technology, well-known in alpine mountaineering, sport climbing and high-altitude work and one of the largest European manufacturers of carabiners. With the integration of the two associated production companies Aludesign (Italy) and Securit (Romania), both founded in 1986, Skylotec is ...
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News briefsInfinited raises €30 million, Adidas among new investors
Finnish circular textile technology company Infinited Fiber Company, which just signed a multi-year distribution agreement for its regenerated textile fiber called Infinna with Patagonia, has secured investments totaling €30 million in its latest financing round closed on June 30. The round also brought Infinited new investors, including sportswear company Adidas, ...
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News briefsDometic acquires Büttner Elektronik
Scandinavian Outdoor Group (SOG) member Dometic keeps on buying companies internationally: On July 2, it acquired Büttner Elektronik, a German provider specialized in mobile power solutions for the outdoor segment, including solar power solutions, batteries and battery chargers. The company’s 2020 net sales (primarily sold in Germany) were approximately €13 ...
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News briefsLeki to relaunch with new corporate identity, logo and technologies
Leki, known for its ski, hiking and Nordic walking poles as well as the Trigger system, has unveiled to its business partners a new brand logo and company image after 33 years. From 2022, the new corporate identity is intended to appeal to the entire and very diverse target group ...
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News briefsRussia’s bicycle market is still shaken
Russia is still experiencing a shortage of bicycles, while the average price has increased by 10 to 35 percent since the beginning of the year, retailers reported. Russia’s Velograd said the shortage is likely to last throughout 2021, and it will take two to three years for the situation to ...
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News briefsIcebreaker releases fourth Transparency Report, focuses on plastic-free goals
Icebreaker, a brand of VF Corp., has released its fourth Transparency Report. A major highlight in the latest edition of the report reveals that 91 percent of the brand’s total fiber composition is now merino or plant-based, up from 87 percent in 2020. Icebreaker forecasts to sell more than 1.3 ...
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News briefsDeuter with new key account manager national sales
Source: Deuter Ingo Walkner Ingo Walkner has joined Deuter’s sales team as national key account manager. Already on Feb. 1, he succeeded Martin Zanker, who has been promoted to head of e-commerce and own retail. In his new role, Walkner, who was most recently working at ...
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News briefsTNF to phase out its Futurelight logo
The North Face plans to “phase out and discontinue” the logo it introduced in 2019 for its Futurelight line of apparel and accessories. In January, a graffiti artist in New York working under the name Futura filed a lawsuit in California Central District Court alleging that the VF-owned brand had ...
