All Outdoor Industry Compass articles in OIC Vol. 17, Issue 3 – Page 5
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Short stops
Short Stops Week 25, 2024
RETAIL +++ Arc’teryx is opening its first brand store in Munich, Germany, on June 25 at Theatinerstraße 36 with a pre-opening climbing party +++ Swedish outdoor brand Klättermusen, which turns 50 next year, has opened the doors of its first Stockholm store on Norrlandsgatan 11, in the city’s outdoor district ...
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News briefsJohn John Florence, Vivobarefoot launch Down to Earth footwear collection
John John Florence, US professional surfer and two-time World Surf League champion, and Vivobarefoot have launched a new foowear collection called Down to Earth. It includes three models, the Magna Lite SG, the Primus Trail Knit SG and the Primus Lite Knit, which are suitable for a wide range of ...
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News briefsSidi sends its dial closure into space with NASA
Source: Sidi Sport Sidi dial system on venous-constriction cuffs worn by astronauts Sidi Sport has joined Crew-8, the eighth operational astronaut mission that SpaceX is conducting for NASA to the International Space Station. Sidi is on board with its dial system, which is used as a closure ...
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ArticleAmbercycle and Hyosung collab to push forward circular textile ecosystem
Sustainable textile solutions provider Hyosung TNC announced a collaboration with Ambercycle, an innovator of textile-to-textile material made from circular polyester, to become the first manufacturer in South Korea to introduce a textile-to-textile material made from circular polyester into supply chains. The collaboration promotes the partners’ shared vision of a circular ...
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News briefsRapala slims down global management team
After the Finnish company Rapala VMC, a global market leader in fishing lures, fishing hooks and fishing-related knives and tools, initiated a strategic realignment at the beginning of the year aimed at becoming more operationally agile, Executive Vice Presidents Päivi Ohvo (Head of Human Resources), Enrico Ravenni (Head of APAC ...
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OpinionPurpose; Passion; Profit – what counts most?
Those students who I have taught know I am a fan of Malcolm Gladwell – someone I first met in person 26 years ago in Colorado. Best known for his Tipping Point and also Outliers books, I always recommend Blink as an important text to read. The latter is about ...
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ArticlePierer Mobility reports strong Q2, announces realignment of the bicycle division
Pierer Mobility AG released its financial results for the second quarter of 2024, highlighting continued growth across key financial metrics. The company also announced a significant strategic realignment of its bicycle division, reflecting its commitment to streamlining operations and enhancing profitability in the competitive e-mobility market Key financial highlights of ...
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News briefsBergans celebrates reopening of Trondheim store with reuse promotion
The Bergans store in Trondheim, Norway, has been closed for some time due to construction work. It will now reopen on June 15. “There will be no opening sale, but a tribute to all our used products,” said Yngvill Ofstad, Sustainability Manager at Bergans, disappointing all those waiting for an ...
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ArticleMore than a trade show: Pitti premieres BECYCLE before start of the Tour de France
On the occasion of the historic start of the Tour de France in Florence, Italy, Pitti Immagine, an organizer of international cultural and trend events, is launching a new event focusing on the cycling industry, culture and lifestyle. BECYCLE, which will take place from June 26-28 at the historic Leopolda ...
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News briefsAltor sells 6.9% of RVRC shares
Private equity company Altor has sold shares in outdoor company Revolution Race (RVRC) for SEK 397 million (€35.2m) last Friday, habit.se reported. The sale was made at a discount of about 7.3 percent compared to RVRC’s last closing price on Thursday. Altor, which recently bought Renewcell’s bankruptcy estate, had a ...
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ArticleHighBar Systems completely rethinks bike helmet retention system
Source: HighBar System The first helmets with the new HighBar system have already been worn by Canyon riders in various races. This summer, the German company will launch the first bicycle helmets with the HighBar system on the world market. For several years, a group of well-known ...
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ArticleSurprise drop in FY23 sales at Rotor
Rotor, the Spanish producer of bicycle components, had projected record sales for the full year 2023 but has ended up posting a 20 percent decline in revenues to €17.5 million, according to CMDsport. The company is now projecting a reversal of the reversal for the current year, hoping to achieve ...
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News briefsNyrensten resigns from the RVRC Board of Directors
As announced in May 2024, Niclas Nyrensten, board member and co-founder of RVRC Holding AB (RevolutionRace), has requested his own resignation from the board of RevolutionRace. The Board now consists of Alexander Martensen-Larsen, Sara Diez Jauregui, Cecilie Elde, Andreas Källström Säfweräng, Birgitta Stymne Göransson and David Thörewik.
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ArticlePulp producer Suzano acquires stake in Lenzing
B&C Group and Suzano S.A. have entered into a long-term partnership regarding B&C’s majority shareholding in Lenzing AG, the world’s leading supplier of cellulose fibers for the textile and nonwovens industry, which is listed on the Vienna Stock Exchange. The B&C Group consists of the holding companies of the Austrian ...
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News briefsBöhm appointed Managing Director of Oberalp’s Business Unit Central Europe
Source: Dynafit Benedikt Böhm Since June 1, 2024, Benedikt Böhm has been responsible for managing the Oberalp Group’s Business Unit Central Europe (DACH). He took over from Axel Brosch, who left the company on May 31. Böhm will also remain the International Managing Director of the Dynafit ...
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News briefsHervis opts for two top managers
Source: Hervis Joining Oliver Seda on the Hervis Management Board: Dr Ulrich Hanfeld. Austrian sporting goods chain Hervis Sport - und Modegesellschaft m.b.H., which is owned by Spar Österreichische Warenhandels-AG and sells a large number of outdoor and bicycle products in addition to other sporting goods, will ...
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ArticleVista rejects MNC offer, receives new indication of interest in ammo business
The sale and spin-off plans at Vista Outdoor remain in a state of suspense. The group announced that its Board of Directors, after consultation with its financial and legal advisors, has rejected MNC Capital’s unsolicited expression of interest dated June 6, 2024, in which MNC expressed an interest in acquiring ...
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ArticleUS-based outdoor adventure company appoints Mike Hattrup as Director of Skiing
Source: Eleven Mike Hattrup Eleven, a US-based provider of off-the-grid lodging and exclusive guided outdoor adventures, announced that it has named Mike Hattrup as its new Director of Skiing. This move puts a proven industry veteran in charge of developing and promoting the company’s network of ski ...
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ArticleA growing market for cycling apparel
Technavio, the consultancy and market-research firm, is forecasting a compound annual growth rate (CAGR) of 8.02 percent, to a value of $1.81 billion, in the worldwide market for cycling apparel over the next four years, from now to 2028. The firm is defining cycling apparel as “shoes, pants, jerseys, shorts, ...
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News briefsPatagonia hires BD Europe’s GM as Marketplace Director EMEA
Patagonia has hired Stephan Hagenbusch as Marketplace Director, EMEA. An outdoor veteran with over 20 years of experience in the industry, Hagenbusch will lead Patagonia’s Marketplace team across the EMEA region.
