All Outdoor Industry Compass articles in OIC Vol. 17, Issue 3 – Page 2
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News briefsTextile Exchange adds forests and air pollution to risk assessment tool
Global non-profit Textile Exchange has added risk ratings and recommendations for forests and air pollution to its Materials Impact Explorer (MIE) tool, along with an additional material category for manmade cellulosic fibers (MMCF). A series of expert organizations contributed to the latest expansion of the MIE tool, including Apparel ...
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ArticleNaturkompaniet’s turnover increased to €75m in 2023
Naturkompaniet’s turnover in Sweden increased by 34 million Swedish kronor in 2023, reaching SEK 854 million (€75.4m) compared to SEK 820 million (€72.4m) the year before. The Outdoor Industry Compass spoke with CEO Henrik Hoffman about the latest numbers.
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News briefsWeSports acquires holding stake in Swedish company Cargobike
Stockholm-based group WeSports announced the approval of a strategic partnership with the Swedish company Cargobike, founded in 2007, in which the company acquires a holding stake. Cargobike is recognized as the market-leading specialist in cargo bikes and functional mobility in the Nordics, with a turnover of SEK 116 million (€10.2m) ...
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ArticleIndian fabric sourcing platform Fabriclore raises $1.6m
Fabriclore, an Indian technology-enabled fabric sourcing platform for fashion companies, announced that it has received $1.6 million in funding led by Bengaluru, India-based PeerCapital and UAE-based Regal Fabrics. Founded in 2016 by entrepreneurs Vijay Sharma, Sandeep Sharma and Anupam Arya, Jaipur-based Fabriclore owes its success to its eight years of ...
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ArticleSport 2000 Austria and Bike&Co join forces
As the demand for bicycles in Austria has been unbroken for years and the need for competent advice, technical services and high-quality equipment is increasing, Sport 2000 Austria has decided to cooperate with the German buying group Bike&Co (BiCo). The intention is to pool both associations’ know-how and expert knowledge, ...
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ArticleColumbia expands Hike Society to continental Europe
Columbia has announced the launch of its hiking program, the Columbia Hike Society, in Europe. The Hike Society is Columbia’s flagship initiative to foster a vibrant hiking community. The program was launched in the UK in 2022, where Columbia developed a series of free hikes led by collectives and content ...
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News briefsOIA and Outdoor Retailer end exclusive partnership
The US Outdoor Industry Association (OIA) and the Outdoor Retailer (OR) trade show have agreed to end their exclusive partnership. Until the OR Winter Show 2024 (Nov. 6-8, 2024), OIA members will continue to receive a 10 percent discount on exhibitor booth fees. Sean Smith, Outdoor Retailer Show Director, said, ...
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Short stops
Short Stops Week 27, 2024
RETAIL +++ Recco will be a supporting partner of the Arc’teryx Alpine Academy in Chamonix, from July 4-7, 2024 +++ EXECUTIVE CHANGES +++ Since July 1, Karl-Heinz Then, previously Director Finance at Accell Central Europe since 1997, has been the new VP Finance and Controlling at the German ...
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News briefsVista Outdoor reviews MNC’s offer after receiving additional information
Vista Outdoor has officially confirmed receipt of additional information requested from Canadian MNC Capital to review a revised expression of interest from MNC expressing its final desire to acquire Vista Outdoor in an all-cash transaction for $42.00 per share. The Vista Outdoor Board is now carefully considering the additional information ...
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News briefsLenzing designates Rohit Aggarwal as its next CEO
Source: Lenzing Rohit Aggarwal Rohit Aggarwal has been appointed a new member of the Lenzing Group management board and will assume responsibility for the fiber division during the third quarter. After Stephan Sielaff’s departure, he will take over the group’s CEO position. Aggarwal has several decades of ...
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News briefsAdidas reimagines the Stan Smith for cyclists
Source: Adidas Adidas VeloStan Smith The new VeloStan Smith is Adidas’ very own reinterpretation of a classic tennis/lifestyle shoe for urban cyclists and commuters. The shoe retains the unmistakable silhouette of the original Stan Smith, but features a two-bolt SPD shoe system for clipless pedaling. Adidas and ...
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News briefsScott Sports names Hap Seliga President of its US business
Source: Scott Sports Hap Seliga Scott Sports SA has appointed US industry veteran Hap Seliga as the new President of its subsidiary Scott Corporation. Together with the teams in Salt Lake City, Utah, and Ogden, Utah, Seliga will drive growth in the US market and consolidate the ...
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News briefsIGOT has a new President
Source: IGOT Perry Laukens Perry Laukens, Sales Director for Distributors EMEA at Keen Footwear, is the new President of the It’s Great Out There Coalition (IGOT). Laukens has spent over a decade at Keen and has a background in marketing and sales with Puma. Based in the ...
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News briefsVista considers MNC’s new offer, postpones CSG vote
After Montréal-based MNC Capital raised its offer for all of Vista Outdoor to $3.2 billion, the group’s Board postponed the July 2 special meeting of shareholders to vote on the sale of The Kinetic Group to Czechoslovak Group (CSG) until July 23. The Board said it would consider MNC’s offer ...
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Article2025 and beyond: A new direction for OutDoor by ISPO?
Due to the ongoing discussions about OutDoor by ISPO and the very ambivalent opinions about the last edition earlier this June, the European Outdoor Group (EOG) and Messe München (MMG) have started the consultation process on the first proposals for fundamental changes to the trade show. A first taste of ...
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ArticleTrusTrace introduces updated solution to prevent slave labor
Stockholm-based global SaaS company TrusTrace, which offers a unique product traceability and supply chain compliance platform for the fashion and retail industries, announced the launch of its updated, AI-powered Forced Labor Prevention (FLP) solution that will help brands proactively map supply chains, screen them for risk and efficiently collect evidence ...
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ArticleMammut reduces carbon footprint by 17%: 2023 Sustainability Report
The Swiss Mammut Sports Group AG has published its Sustainability Report for 2023, saying that it represents a significant milestone in the company’s ongoing commitment to environmental and social responsibility. Measurable achievements include reducing its carbon footprint by 17 percent and repairing 13,000 products. In addition to reducing emissions and ...
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News briefsLuis Trenker expands in South Tyrol
The South Tyrolean fashion and lifestyle brand Luis Trenker is opening two new stores in its home region in July. The opening of the store in Ortisei/Val Gardena on July 11 is of particular significance for founder and Managing Director Michi Klemera, as the town is the ...
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News briefsTapestry executive joins ThredUp’s board of directors
Source: ThredUp Noam Paransky Online resale platform ThredUp announced that Noam Paransky has joined the company’s Board of Directors. With more than 25 years of experience in digital retail innovation and omnichannel strategy, Paransky will advise ThredUp on its transformation from a traditional resale marketplace to an ...
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News briefsKent Outdoors appoints new CEO
Utah-based Kent Outdoors has named Randy Hales as its new CEO. Hales brings decades of experience in the consumer products industry and has held executive positions at several high-growth companies, including CEO of Next Level Apparel, a blank apparel manufacturer; CEO of Zagg, Inc., a global mobile accessories company; and ...
