News Briefs – Page 32
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News briefsBritish Cycling partners with Ice Trikes to support para-cycling
British Cycling has announced a new partnership with adaptive cycle manufacturer Ice Trikes. The partnership will see Ice Trikes become the preferred supplier to British Cycling’s “Limitless” disability and para-cycling program. In addition, through an innovative incentive scheme, all British Cycling members are now entitled to an exclusive 8 percent ...
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News briefsPETA files complaint to FTC against misleading animal welfare claims by SFA
PETA submitted a complaint on Jan. 10 to the US Federal Trade Commission (FTC) pointing out that the Sustainable Fibre Alliance (SFA), whose members include Burberry, J.Crew, M&S and Inditex, is misleading consumers with its Cashmere Standard certification. Despite claiming to “ensure the welfare of goats,” the certification allows for ...
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News briefsCanyon Bicycles expands management team with top industry talent
Source: Canyon Bicycles GmbH Chad Manuell With the appointment of industry expert Chad Manuell as Chief Technology Officer, German DTC provider Canyon Bicycles is expanding its management team and, according to the company, “strengthening its focus on growth and innovation for customers.” Manuell will primarily be ...
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News briefsOR partners with Nikwax to transition away from intentional PFAS use
With its Fall 2024 collection, Seattle-based outdoor apparel manufacturer Outdoor Research (OR) unveils new materials and DWR technologies on its best-selling and now most sustainable rain collection, paired with the brand’s most significant sustainability efforts to date. The redesigned Foray and Aspire waterproof shell collections feature AscentShell ...
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News briefsRenewcell to lay off 30 employees
In November 2023, the Swedish textile recycler Renewcell announced that it had been forced to conduct a strategic review due to financial strains and liquidity problems as a result of declining sales volumes. The company has now completed the restructuring, which has led to the dismissal of 30 employees, i.e., ...
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News briefsPierer Mobility AG to set further turnover and sales records
According to initial preliminary figures, the Austrian two-wheeler giant Pierer Mobility AG will achieve record consolidated sales of between €2.65 and €2.670 billion in FY 2023. Compared to the previous record year 2022, this represents an increase of around 9 percent. The Pierer Mobility Group is not only reporting a ...
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News briefsFormer Nike Brand President appointed to Columbia’s Board
The Board of Directors of Columbia Sportswear Company, owner of the Columbia, Mountain Hardwear, Sorel and Prana brands, has appointed Charles Denson to the Board and as a member of the Audit Committee, effective Jan. 9, 2024. Denson is Chairman of the Board of Directors of the US toy manufacturer ...
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News briefsIncreasing participation in fishing in China
The recreational fishery industry in China’s southern island province of Hainan alone recorded a total output value exceeding 4 billion yuan ($563m) in 2023, representing a year-on-year surge of 90 percent, according to preliminary data provided by local authorities. Fishing participation in the province jumped by 73 percent in 2023 ...
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News briefsDaiwa USA moves to larger facility in California
The fishing tackle brand Daiwa has moved into a new office and warehouse complex in Foothill Ranch, California. The new location, which features 20 truck bays dedicated to inbound and outbound shipping, doubles the space and capacity to ship products. The added square footage also enables Daiwa to have a ...
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News briefsCoDi promotes members of the investment team
Compass Diversified (CoDi), the Connecticut-based owner of PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, has promoted Raj Dalal from principal to partner and promoted two other members of its investment team. Dalal will lead the team in the firm’s office on the West Coast, where he will be responsible for ...
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News briefsNewell restructures again
Newell Brands, the parent of Marmot, Coleman, Contigo and other outdoor brands, will spend up to $90 million as part of a renewed reorganization that will cut about 7 percent of its office jobs, with most of the costs and reductions occurring by the end of the year. The reorganization ...
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News briefsIcebug opens store in central Stockholm
Swedish footwear brand Icebug is opening a 75-sqm store on Norrlandsgatan in central Stockholm. The brand already operated a concept store in Gothenburg and said it was looking for a suitable location in Stockholm. In addition to selling shoes, the new store will also have a repair workshop.
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News briefsCamp Base allies with adventure travel agency
On Dec. 22, according to CMDsport, Camp Base struck a deal with Manaslu Adventures. The companies’ chief executives have agreed to an exchange of shares. The Spanish mountain sports retail chain and the adventure travel agency are both looking to increase their competitiveness. At its height a few years ago, ...
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News briefsNew 1-hp exoskeleton from China for physical support during outdoor activities
Hypershell, a Shanghai-based robotics startup funded by Y-Combinator China, will unveil the Hypershell ProX at the Consumer Electronics Show (CES) 2024 at the Las Vegas Venetian Expo from Jan. 9-12, 2024. Source: Hypershell Hypershell ProX The Hypershell ProX is an exoskeleton designed for running, hiking, long-distance trekking ...
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News briefsStefanie Leege takes over event management of IWA OutdoorClassics
On Jan. 1, Stefanie Leege took over as Event Director of IWA OutdoorClassics, the world’s leading trade show for the hunting and shooting sports industry, as part of Rebecca Renn’s team, the Executive Director Exhbitions who will continue to have overall responsibility. Leege has already been working for IWA OutdoorClassics ...
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News briefsRenewcell ends 2023 with slight upward trend
After a rather difficult year overall, Swedish textile recycling company Renewcell reported better, albeit not outstanding, sales for last month (Dec. 1-31, 2023), although it continues to struggle with the lack of product demand. The company said it produced about 818 tons of prime-quality dissolving pulp. About 1,000 metric tons ...
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News briefsGOTS gains recognition in the Green Button 2.0 scheme
Based on the recommendation of the UN-ITC, the German Federal Ministry for Economic Cooperation and Development (BMZ) has recognized the Global Organic Textile Standard (GOTS) as meeting the requirements for the production processes for the Green Button 2.0.GOTS can be used as verification for the areas of production and wet ...
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News briefsCube launches new Factory Team for Cross Country discipline
Bike manufacturer Cube has founded the Cross Country Factory Racing Team to expand its involvement in the Olympic sport and add the discipline of cross country to the brand’s Factory Team. Kira Böhm moves from Cube’s own development team to the new Cross Country Factory Racing Team and is joined ...
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News briefsAmer files registration statement with SEC for projected IPO
Finnish Amer Sports, Inc., which includes the Arc’teryx, Salomon, Wilson, Peak Performance and Atomic brands, among others, announced on Jan. 4, 2024, that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The ...
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News briefsAluula announces short-term loan
Canadian materials technology company Aluula Composites Inc. has announced that its wholly owned subsidiary Aluula Composites Canada Inc. has obtained a $1,000,000 term loan from a non-contracting party. The loan bears interest at 12 percent per annum and is due and payable on July 1, 2024. The company intends to ...
