News Briefs – Page 71
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News briefs
Vibram partners with longtime collaborator
To bring some new production techniques “in house,” Vibram has signed a deal with Suolificio Negro, a Spanish specialist in soles and midsole-foam manufacturing for the outdoor and ski markets. According to a report in Diffusion Sport, the resulting products will be sold under the Vibram brand. The deal is ...
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News briefs
New report questions sponsor choices in winter sports
A new report by Badvertising has sought to draw attention to the sponsorship of winter sporting events by what it calls “high-carbon” companies, alongside documenting the effects of climate change on the winter sports sector. The report writers use the example of Sweden’s Vasaloppet – the world’s biggest and oldest ...
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News briefs
For better work: JAAF carries out training program for Sri Lanka industry stakeholders
A few months ago, Sri Lanka’s Joint Apparel Association Forum (JAAF) pledged to support the International Labour Organization’s (ILO) Better Work initiative for the country’s garment workers. Now the organization has carried out the first series of training workshops that are part of an ongoing program for the ministry of ...
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News briefs
Cake and FCA Bank sign pan-European financial partnership
Cake, the Swedish manufacturer of lightweight electric motorcycles, has entered into a financial partnership with Italy-based FCA Bank, which operates across Europe. The bank, with nearly a century of experience in car financing, leasing and mobility, will offer Cake’s customers financial solutions for all of its two-wheeled platforms. “Financing is ...
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News briefs
Boost secures six-figure investment
Source: Lavita Boost by LaVita Boost, a British brand specializing in e-bike conversion kits, has announced the completion of a funding round with a six-figure investment raise. Founded by Cambridge design engineer Nick Bailey, Boost is an aftermarket conversion kit brand that works directly with retailers. The ...
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News briefs
Trove expands leadership team with appointment of CTO and CFO
Trove, the U.S.-based service provider whose technology powers the resale services of several sporting goods companies, including Canada Goose, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced that Natalya Davick has been named chief financial officer and Julia Cai has been named chief technology officer. Cai will lead a team ...
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News briefs
Eurobike 2024 will take place in early July
Even before the start of the upcoming Eurobike 2023 on June 21, the organizers of Fairnamic GmbH have set the date for the 2024 edition of the leading trade show in Frankfurt am Main. The 32nd edition of the show will take place from Wednesday, July 3, to Sunday, July ...
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News briefs
Canyon appoints general manager for Asia
Source: Canyon Hideki Mochizuki German DTC bicycle supplier Canyon Bicycles GmbH has announced that Hideki “Mochi-san” Mochizuki, a veteran of the bicycle industry, has joined the company as general manager for the Asia Pacific region. He will join Canyon’s executive leadership team and will be responsible for ...
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News briefs
Andrés Iniesta backs the new Guava bike brand
Never Say Never Ventures (NSN), the business incubator co-founded by former FC Barcelona player Andrés Iniesta, is backing the launch of Guava, a new high-end bicycle brand focused on gravel. Guava was founded in Barcelona by David Álvarez and Nacho Suárez, two friends with more than 25 years of experience ...
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News briefs
Shimano establishes joint venture for Southeast Europe
Shimano Europe has announced a joint venture with Greece-based Nikos Maniatopoulos to handle bicycle components and fishing tackle sales and service in most of Southeast Europe. The joint venture will operate as Shimano South-East Europe. Integration is planned to start on April 1. The joint venture builds on a long-standing ...
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News briefs
Angling Direct posts revenue growth, driven by in-store sales
Angling Direct, the British omnichannel fishing tackle and equipment retailer, posted sales of £74.1 million (€84m) for the financial year ended Jan. 31, 2023, representing a 2.2 percent increase from the prior year. Sales were boosted by the opening of new stores in Washington (July), Coventry (August) and Stockton-on-Tees (September). ...
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News briefs
VF issues Eurobonds worth €1bn
VF Corp. intends to use proceeds from the proposed offering of two €500 million tranches of notes, which are due in 2026 and 2029 with respective coupon rates of 4.125 percent and 4.25 percent for debt repayment, general corporate purposes and to fund certain sustainable development projects. J.P. Morgan, Morgan ...
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News briefs
Second European Adidas Terrex store opened in Salzburg
Adidas Terrex has opened its second concept store in Europe in Salzburg’s historic pedestrian zone, following the premiere of the specialist retail project in Munich in 2021. The new store is less than half the size of its Munich counterpart (176 sqm vs. 370 sqm) but carries the complete collections ...
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News briefs
Cake launches all-in subscription model
Cake, the Swedish maker of premium lightweight electric motorcycles, has launched Cake Subscribe, an all-inclusive subscription model that caters to professional business needs. The new program aims to ease the burden of upfront costs associated with buying a vehicle or a fleet of vehicles by requiring no down payment. Service ...
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News briefs
Reebok and Danielle Guizio launch new hiking boot
Source: Guizio x Reebok Guizio x Reebok Club C Cleated Reebok and Danielle Guizio, a New York-based designer who founded her eponymous womenswear label in 2014, have unveiled the two brands’ latest capsule collection: the Guizio x Reebok Club C Cleated. This follows the Club C 85 ...
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News briefs
Cascade hires David Fee as VP of sales and marketing NAPR
Cascade Designs has hired the former U.S. general manager of Castelli Cycling, David Fee, as its new vice president of sales and marketing for North America and the Pacific region. Fee will drive overall sales and marketing strategy for the region across all Cascade Designs product categories and distribution channels ...
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News briefs
How to start business climate action: STICA offers new webinar series
The Swedish Textile Initiative for Climate Action (STICA) and its partners will host four webinars starting March 7, 2023, to help apparel and outdoor companies speed up on what is required to accelerate their climate protection duties. The online seminar series is primarily aimed at medium and smaller size apparel ...
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News briefs
Schöffel rearranges and shrinks its top management, Felix Geiger leaves
Felix Geiger, CFO of German brand Schöffel, will leave the company by end of March. Geiger joined Schöffel in Dec. 2014 and took over the professional business unit of the company in Sept. 2021. As a group CFO, he is currently responsible for the financial area of the specialist for ...
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News briefs
Unifi releases 2022 sustainability report, commits to new goals
U.S.-based company Unifi, which specializes in synthetic and recycled yarns (registered trademarks include the Repreve fiber), has published its sustainability report for fiscal 2022. The report provides an expanded view of Unifi’s sustainability strategy and the company’s approach to creating long-term value for its stakeholders. Concurrent with the release of ...
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News briefs
Fox Factory to acquire Custom Wheel House
Fox Factory Holding Corp. announced that its subsidiary Fox Factory, Inc. has signed a definitive agreement to acquire California-based Custom Wheel House, LLC from Thompson Street Capital Partners and other sellers. The company designs, markets and distributes high-performance wheels, high-performance off-road tires and accessories for motorized vehicles. The purchase price ...