News Briefs – Page 361
-
News briefs
Oeko-Tex has announced that 24 new STeP (Sustainable Textile Production)...
Oeko-Tex has announced that 24 new STeP (Sustainable Textile Production) auditors successfully completed their training in Shanghai at the end of June. They can now help interested companies, on site, to assess their sustainable production conditions as part of the STeP by Oeko-Tex certification. These new STeP auditors come from ...
-
News briefs
Leon Gorman, head of L.L.Bean, died on Sept. 3 at...
Leon Gorman, head of L.L.Bean, died on Sept. 3 at his home in Yarmouth, Maine. He was 80 years old and reportedly suffered from cancer. Gorman, who was the grandson of the company's founder, was president and chief executive of L.L. Bean from 1967 to 2001, chairman from 2001 to ...
-
News briefs
We have already reported on the sale of Backcountry.com by...
We have already reported on the sale of Backcountry.com by Liberty Interactive Corp. to an investment firm, TSG Consumer Partners (Compass no. 8-12+13 of July 13). Liberty has now disclosed that it made a gain of $105 million on the transaction, which gave Backcounty.com a valuation of 11 times projected ...
-
News briefs
Vista Outdoor told investors that it still has a “robust”...
Vista Outdoor told investors that it still has a “robust” acquisition pipeline. The company has raised its planned offering of senior notes by $50 million to $350 million, maturing in 2023 and bearing annual interest of 5.875 percent. The offering would help finance its acquisition of Jimmy Sykes and Camelbak ...
-
News briefs
Icebug, the highly technical Swedish brand of outdoor shoes and...
Icebug, the highly technical Swedish brand of outdoor shoes and ice boots, has opened its own concept store in Gothenburg. Since it was established in the early 2000s, production has increased significantly every year, and growth has remained at an average of about 30 percent. Last year, Icebug had a ...
-
News briefs
The renmimbi has lost about 3 percent of its value...
The renmimbi has lost about 3 percent of its value since the People's Bank of China announced a 1.9 percent devaluation against the strong U.S. dollar on Aug. 11, followed by the establishment of a more flexible system to guide the rate from one day to the next. The develuation, ...
-
News briefs
After announcing the sale of Camelbak to Vista Outdoor (see...
After announcing the sale of Camelbak to Vista Outdoor (see our previous issue), Compass Diversified Holdings (Codi) reported a net profit of $24,457,000 for the second quarter, more than four times the $5,719,000 profit of the year-ago period, on 6 percent higher revenues of $284.7 million. The main factor was ...
-
News briefs
After announcing the acquisition of Camelbak and Jimmy Sykes, which...
After announcing the acquisition of Camelbak and Jimmy Sykes, which has already been completed, Vista Outdoor improved its sales forecast for the present financial year, predicting low single-digit growth to a range of $2.17 billion to $2.24 billion. However, implied operating margins before amortization (Ebitda) should reach the lower end ...
-
News briefs
The Bogs brand of boots continued to fuel the turnover...
The Bogs brand of boots continued to fuel the turnover of Weyco Group in the second quarter ended June 30. The American brand' sales grew by 18 percent during the period as it continued to broaden its product line. Combined with sales increases of 12 percent and 9 percent for ...
-
News briefs
Sequential Brands, owner of many brands including Avia, And1, Heelys...
Sequential Brands, owner of many brands including Avia, And1, Heelys and Revo, reported a net loss of $1.3 million for the second quarter, up from $0.6 million in the year-ago period, despite a 190 percent increase in revenues to $20.2 million. Adjusted operating earnings before amortization (Ebitda) jumped by 240 ...
-
News briefs
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the...
Alibaba, the huge Chinese-based internet company that owns Tmall.com, the Taobao marketplace and a dozen other operations, has hired a Canadian-born executive, Michael Evans, as president in its bid to expand internationally. He reports to Daniel Zhang, the group's chief executive who succeeded Jonathan Lu in May. His initial task ...
-
News briefs
John McCarvel, who retired as president and chief executive of...
John McCarvel, who retired as president and chief executive of Crocs last April, has become lead investor and chairman of Xero Shoes, a U.S. company that produces versatile and lightweight performance and recreation sandals. Dennis Driscoll, who joined Xero three years ago and is now acting as its chief product ...
-
News briefs
Patagonia has hired Alex Beasley as its new country manager...
Patagonia has hired Alex Beasley as its new country manager for the U.K. & Ireland. The announcement has come after a series of recent hires and reorganizations as the company continues its restructuring across Europe. Beasley will manage Patagonia's wholesale business and support its retail and e-commerce strategy in the ...
-
News briefs
Leki has expanded its product range beyond gloves and trekking...
Leki has expanded its product range beyond gloves and trekking and ski poles. Using its own pole technology, the German firm has brought out its first line of camping furniture. It has developed two models of folding chairs with tensile-strength aluminum and reinforced canvas that will hit the market in ...
-
News briefs
Deuter has finalized the roster of its “brand ambassadors” for...
Deuter has finalized the roster of its “brand ambassadors” for the 2015/16 marketing season. Mirroring the variety of the company's backpack users, the 21 members of the team are hikers, mountain bike racers, skiers and other outdoor enthusiasts. They will share their travels and outdoor adventures on Deuter's informative and ...
-
News briefs
The sixth edition of La Biblia de l'Outdoor has more...
The sixth edition of La Biblia de l'Outdoor has more than 450 pages of product information for the new collections. The publisher, Outdoor Actual, is putting out a first series of 30,000 copies that will be available in outdoor stores and magazine kiosks all over Spain.
-
News briefs
Norspomessen, the Norwegian sporting goods fair organized by Sportsbransjen, will...
Norspomessen, the Norwegian sporting goods fair organized by Sportsbransjen, will have 15 fewer exhibitors than a year ago at its next edition in Oslo on Aug. 23-25. When the registration deadline expired, there were a total of 75 exhibitors who had reserved space at 85 stands. The number of square ...
-
News briefs
Patagonia's wool supplier, Ovis 21, is at the center of...
Patagonia's wool supplier, Ovis 21, is at the center of an investigation by Peta (People for the Ethical Treatment of Animals) after the release of a graphic video which shows sheep and lambs on two Argentine ranches being skinned while they are still alive. Ovis 21 is one of the ...
-
News briefs
Sole, the Canadian maker of footbeds, has joined One Percent...
Sole, the Canadian maker of footbeds, has joined One Percent for the Planet, the global network of businesses financially committed to creating a healthy planet. The members of the network donate one percent of their annual sales directly to approved environmental non-profit bodies. One Percent for the Planet evaluates the ...
-
News briefs
CORRECTION: Scarpa's turnover last year was equivalent to US$105 million,...
CORRECTION: Scarpa's turnover last year was equivalent to US$105 million, not €105 million.
