News Briefs – Page 37
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News briefsWoolrich appoints Creative Director for new Black Label
US designer Todd Snyder, founder of the eponymous New York-based label, has been named creative director for Woolrich’s new Black Label premium collection. Andrea Cané will hold the new role of creative advisor. The initial Woolrich Black Label by Todd Snyder collection will preview at Snyder’s runway show on Jan. ...
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News briefsGo Outdoors’ profit drops due to higher operating costs
Go Outdoors Retail Ltd. reported a pre-tax profit of £13.1 million (€15.0m) for the year to Jan. 28, 2023, compared to £21.5 million (€24.7m) in the previous year. The company primarily attributed the drop to property, utility and freight costs, which “increased disproportionately.” The company’s gross margin decreased to 41.5 ...
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News briefsRapala issues €30m in hybrid capital securities
The group will use the proceeds from the three-year financial instrument, which has debt and equity characteristics, for general corporate purposes and to strengthen its financial flexibility. Rapala VMC’s largest shareholder, Viellard Migeon Et Compagnie, subscribed to 24 percent, or €7.2 million, of the hybrid securities with an annual interest ...
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News briefsHartmobile applies for a temporary suspension of payments
The current tense situation in the bicycle industry has put another company in dire financial straits: Last week, Dutch e-bike provider Hartmobile B.V., the parent company of Dutch e-bike brand Qwic, filed for a suspension of payments in its homeland. According to a report published on the Dutch bankruptcy website ...
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News briefsOutdoor Research promotes longtime employee to VP of Operations
Seattle-based outdoor manufacturer Outdoor Research (OR) recently promoted longtime employee Geoff Potter to VP of Operations. Potter has worked in planning and operations for nearly 12 years. In his new role, he will oversee the company’s supply chain logistics, demand planning, retail operations and information systems. OR believes this restructuring ...
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News briefsEOCA has a packed agenda for ISPO Munich 2023
The European Outdoor Conservation Association (EOCA) is offering a number of events at next week’s ISPO Munich 2023. Once again, the EOCA stand (A2/220) will be holding a conservation fundraiser, selling many items at low prices, as donated by EOCA members. The fundraiser also includes a special offer from ISM, ...
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News briefsGlobetrotter launches second-hand buying campaign on Black Friday
For Black Friday on Nov. 24, the German outdoor retailer Globetrotter is turning the tables from 11 am until 6 pm and is planning a major purchase campaign for used outdoor equipment instead of a spending spree and discount battles. The big goal is to buy the 20,000th second-hand item ...
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News briefsRenewcell initiates strategic review
The Board of Directors of Swedish textile recycler Renewcell has initiated a strategic review regarding its capital structure and the evaluation of potential strategic alternatives to secure additional funding. The announcement comes less than a month after the appointment of Magnus Håkansson as acting CEO. The reason for the strategic ...
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News briefsMatt Gowar steps down as Equip CEO, successor not named yet
Source: Equip Outdoor Technologies UK Ltd Matt Gowar Equip Outdoor Technologies UK Ltd, the parent company of Rab and Lowe Alpine, has announced that it has launched a plan to recruit a successor to Matt Gowar, the current CEO. Gowar is also the owner of Equip ...
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News briefsVoting for UK Outdoor Industry Awards 2023 now open
Online voting for the UK Outdoor Industry Awards 2023 is now open. Participating voters will also be in with a chance of winning either a £500 (€572) Ellis Brigham Gift Card, or a pair of £100 tickets for the 2024 Kendal Mountain Festival. The public vote is the final ...
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News briefsTwo new product directors at Xero Shoes
Colorado-based barefoot footwear specialist Xero Shoes has hired Kristina Funck as Design Director and Megan Elias as Director of Product Merchandising. As Design Director, Funck will lead Xero Shoes’ design strategy, innovation and seasonal storytelling. She has contributed to the design development and success of several global footwear brands, including ...
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News briefsNew CEO for The Lycra Company
Source: The Lycra Company Gary Smith The Lycra Company announces that it has appointed Gary Smith as Chief Executive Officer, effective Nov. 27, 2023. Smith will succeed Dean Williams, who has served as acting CEO since August. Williams will retain his role as Chief Financial Officer and ...
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News briefsAku inaugurates new line of production
Italian-based outdoor footwear maker Aku has inaugurated a new line of production at its factory in Montebelluna. The new state-of-the-art machine for outdoor and professional footwear reportedly represents an investment of €1.3 million. The project has been developed in partnership with Stemma, also an Italian company which specializes in the ...
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News briefsNaturkompaniet continues to say no to Black Friday
Swedish retailer Naturkompaniet keeps distancing itself from Black Friday campaigns and instead encourages customers to take care of the clothes and equipment they already have. From Nov. 20-25, customers can therefore have their leather hiking boots and G-1000 products from Fjällräven waxed for free in all stores in Norway. During ...
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News briefsScarpa could reportedly sell 25% stake to external investor
Scarpa is believed to have hired the investment bank Finint to find an investor ready to buy about 25 percent of the Italian footwear company, according to the daily Corriere della Sera. The transaction would enable the company to raise funds to accelerate its expansion, which could include acquisitions, it ...
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News briefsRapala plans to issue securities
Finnish fishing tackle manufacturer Rapala VMC is considering issuing up to €25 million worth of securities to strengthen its balance sheet and create financial flexibility while at the same time seeking to reduce expenses and optimize inventory levels. The company pointed out that this move will open up its financing ...
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News briefsAluula announces management changes
Canada-based Aluula Composites Inc.’s Chief Operating Officer John Zimmerman will expand his responsibilities to oversee the Windsports Division as the division now drives near-term revenue growth, qualifying it for dedicated, dedicated management. Zimmerman has been instrumental in shaping the brand’s history and is uniquely positioned to drive growth in this ...
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News briefsTraffic Distribution sets up its own bicycle wholesaler branch in the UK
German bicycle wholesaler and importer Traffic GmbH (Traffic Distribution) is expanding its activities in the UK, setting up its own branch with a warehouse and office in Hastings under the name Traffic UK. Since Brexit, EU and UK companies have tried to continue doing business while avoiding additional costs ...
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News briefsNemo expands circularity efforts into Europe
Nemo has expanded its Endless Promise collection and its circular economy program to now include Europe. In 2024, the Endless Promise product-line will be expanded to include three down sleeping bags (Disco, Riff, Coda) and the Resolve and Vantage backpack lines. Nemo introduced its first product in its fully recyclable ...
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News briefsNew POC helmet certified for skiing, mountaineering, and cycling
POC has released its first helmet certified for skiing, mountaineering, and cycling. The Calyx is designed to be “the one helmet that will protect from the door to the summit.” Certification standards for the three activities are varied. Ski and Cycling certifications are widely centered on a “drop test” to ...
