News Briefs – Page 69
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News briefsSolo Brands sets FY23 revenue range
Solo Brands, parent of Oru Kayak, Isle paddleboards, Chubbies apparel, and Solo Stoves, is forecasting 0.5 percent to 4.3 percent revenue growth in FY23 to a range of $520 to $540 million with a corresponding adjusted Ebitda margin of 16.5 to 17.5 percent. In Q4, the Texan company reported ...
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News briefsAlpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
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News briefsAlpkit publishes sustainability report 2022
Source: Alpkit U.K. brand Alpkit has published its sustainability report 2022, an illustrated book that is mainly consumer-facing and aims for an understandable overview of the company’s sustainability journey, although following the GRI reporting standards more closely than before. In the compact report, the certified B Corp ...
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News briefsThule shifts to a direct distribution model in Italy
Starting from 2023, Thule will directly distribute its products in outdoor and bike shops throughout Italy. For the past ten years, the company’s products were distributed in Italy by Panorama Distribution. Thule’s products are sold in more than 140 countries around the world. In its latest financial reportings, Thule Group ...
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News briefsIOAS suspends Control Union India from organic textiles certification
The International Organic Accreditation Service (IOAS) has suspended the accreditation of Control Union (CU) India from the testing and sampling of Indian organic textile products on charges of irregularities committed in its certification process. CU India is the local arm of the Control Union Nederland BV, a large certifier of ...
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News briefsTentree expands reforestation efforts to the oceans
Canadian athleisure company Tentree, based in Vancouver, is expanding their planting efforts offshore. The brand, which pledges to plant ten trees for every item purchased, has planted more than 93 million trees to date and will expand its portfolio to include kelp planting and coral regeneration. According to the company, ...
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News briefsSAC decarbonization program evolves: New decarbonization guide published
The Sustainable Apparel Coalition (SAC) has launched a new decarbonization guide (ready for download here) that aims to support the textile and apparel industry in committing to and delivering validated science-based targets (SBTs). The new guide is part of the SAC’s decarbonization program, launched last year, to drive SBT adoption ...
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News briefsZegna’s new collaborative collection
The apparel brand Zegna has collaborated on a footwear collection with the Canadian trail-running shoe specialist Norda. It is the latest addition to the brand’s Outdoor Collection, with a different designer every season.The footwear features Vibram’s Litebase midsole ad Megagrip outsole. As well as the sneakers, the collection includes a ...
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News briefs
VF issues €500m green bond to support sustainability strategy
VF Corporation, whose brands include The North Face, Timberland and Napapijri, announced the closing of a €500 million green bond issuance, the second since its inception in 2020. An amount equal to the net proceeds from the emission will be used to support programs under the company’s sustainability and stewardship ...
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News briefsBluesign still meets new MRSL 3.0 standard
After ZDHC’s MRSL 3.0 update, Bluesign remains an official certification standard at ZDHC Level 3. According to the company, approximately 20,000 Bluesign approved chemical products that exceed standard MRSL 3.0 compliance are listed in the ZDHC gateway. An important requirement for Bluesign textile standard approval of a chemical product is ...
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News briefsAnother outdoor brand debuts with adventure bikewear collection
The outdoor brand Rab, managed alongside Lowe Alpine by Equip Outdoor Technologies UK Ltd., is taking advantage of the gravel bike trend to enter the bike business, as previously teased. With its “Cinder” collection debut, the Brits are targeting adventure or off-road bikers directly this spring. “Off road cycling adventures ...
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News briefsBurton organizes fourth A Day for Jake snowboarding festival
For the fourth time, Burton is inviting snowboarders across the globe and in eight participating winter sports resorts in Europe to celebrate the legacy of Burton’s founder Jake Burton Carpenter (who passed away in November 2019). In-person or digital activities are planned for March 11, 2023 in the respective resorts ...
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News briefsKMD Brands secures B Corp status for all brands
KMD Brands, the outdoor, lifestyle and sports company, sees all three of its brands – Kathmandu, Oboz and Ripcurl – become Certified B Corporations, becoming one of the first multinational firms in Australia and New Zealand to have all businesses individually certified. KMD Brands Group CEO Michael Daly called ...
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News briefsVenue of first-ever Xterra European Trail Run Championship announced
The first-ever Xterra European Trail Run Championship will be held on Sept. 9, 2023 in Molveno, Italy. The half-marathon and full-marathon championship races will award €5,200 in prize money. Registration opened on March 1, and is expected to sell-out early, the organizers said. The events are capped at 100 runners ...
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News briefsInverse appoints new sales manager
Inverse has appointed Jordi Coronado as its new sales manager. Inverse is a Spanish clothing and accessories brand specializing in cycling, triathlon, running, trail, cross country skiing and swimming. The company posted revenues of €4.4 million in 2022, representing a 3.9 percent increase compared with 2021. Cycling accounts for 60 ...
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News briefsStockholm University offers free online course on assessment and management of chemicals
The Department of Environmental Science at Stockholm University is offering a free 20-hour online course about the assessment and management of chemicals. It will present key terms and concepts and explain the general approach from a global perspective. Topics covered in the six modules of the course include: What ...
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News briefsEdelrid expands eco-conscious climbing hardware collection
German climbing specialist Edelrid is going to market with new products in its “Climb Green” collection. Besides two new PFC-free climbing ropes, the company is introducing a new climbing helmet made entirely of recycled plastics: the shell is manufactured from recycled polyamide originating from the Edelrid rope production; the helmet ...
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News briefsBuyer found for insolvent Prophete Group as a whole
Singapore-based Dutech Holdings Limited is to take over the insolvent German bicycle group, Prophete Group. The buyer is a leading global systems manufacturer in the field of security technology and ticket vending machines (TVM). The group is owned by U.S. entrepreneur Dr. Johnny Liu and employs more than 2,600 people ...
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News briefsJohnson Outdoors to sell Eureka! Military and Commercial Tents
Johnson Outdoors Inc. announced that it has entered into a definitive agreement to sell the Eureka! Military and Commercial Tents product lines of its Camping business segment to Rekord Group, a global company that specializes in commercial, event and military tents and structures. The transaction is expected to close by ...
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News briefsNew campaign aims to close enjoyment gap in sports
This Girl Can, the campaign and movement by Sport England and funded by The National Lottery, has moved into a new phase of its mission to inspire more women and girls to take part in sports and physical activity. Its new phase, “This Girl Can With You” aims to break ...
