All Outdoor Industry Compass articles in OIC Vol. 17, Issue 4 – Page 26
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ArticleLionRock forms joint venture to grow Haglöfs in Greater China
To establish and expand the Haglöfs brand in the Greater China region, LionRock Capital founded a joint venture with the wholly owned subsidiary Affluent Team Global Limited of Viva Goods Company Limited in June 2024. LionRock, based in Hong Kong, acquired Haglöfs from Asics in December 2023. The new joint ...
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Short stops
Short Stops Week 30, 2024
EXECUTIVE CHANGES +++ Drivetrain brand Classified has appointed Dennis Weijers, most recently Director of Marketing at Shimano Europe, as Chief Commercial Officer +++ MARKETING +++ Colorado-based climbing gear specialist Trango added Ben Rueck, member of Team Tenaya, with Trango serving as the exclusive US distributor for Tenaya ...
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News briefsClarus appoints three veteran experts to support Adventure segment
Clarus Corporation, owner of the Black Diamond and Pieps brands, among others, has made three strategic hires for its Adventure segment to accelerate growth in the US and international markets and strengthen its global OEM initiatives. The Adventure segment, which includes Rhino-Rack, Maxtrax and Tred Outdoors, has appointed Tripp Wyckoff ...
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ArticleEOG, BSI to launch updated outdoor industry sustainability data tool
The European Outdoor Group (EOG) and the Bundesverband der Deutschen Sportartikel-Industrie (BSI) have announced details of an update to an initiative that aims to standardize and harmonize product sustainability data across the outdoor sector. The Sustainability Data Exchange Questionnaire version 2.0 (SDEX 2.0) will be launched during a free webinar ...
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ArticleDevold Transparency Map: Voluntary report in line with CSRD
Norwegian brand Devold has voluntarily committed to reporting on the 2024 financial year as part of the Corporate Sustainability Reporting Directive (CSRD). The focus is on the impact of the company’s supply chain.
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ArticleMips sales bounce back to double-digit growth
In the second quarter of 2024, Mips AB generated net sales of 133 million Swedish kroner (€11.54m). According to the company, the sales growth of 30.4 percent compared to Q2 2023 can primarily be attributed to a normalizing inventory situation in the sports category.
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ArticleVista Outdoor ammo sale facing headwind, and support
Before Vista Outdoor’s shareholders vote on the sale of The Kinetic Group ammunition business to CSG on July 23, two investors have come out strongly against the deal, while another proxy advisory firm is now recommending the purchase after initial opposition.
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ArticleThule Group operating income rises 3% in Q2
Thule Group AB, despite a promotional North American market and lower RV products across Europe and Rest of World, reported a 3 percent gain in operating income to 732 million Swedish kroner (€63.3m) for the quarter ended June 30. Net income increased by 3.7 percent to SEK 559 million (€48.4m) ...
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OpinionConsumers seek solace outdoors: Key trends and insights from OR Summer 2024
Discover how the outdoor industry is evolving with trends from Outdoor Retailer Summer 2024. From casual outdoor fun to fashion-forward gear and sustainable practices, learn how consumers find solace and cope with modern life outdoors.
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News briefsPearl Izumi promotes US sales director to VP/GM
Colorado-based cycling apparel and footwear brand Pearl Izumi announced the promotion of sales and brand manager Daran Godfrey to vice president/general manager, effective immediately. Godfrey has spent the past two years at Pearl Izumi as Director of US Sales under the United Sports Brands umbrella. He brings a total of ...
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News briefsAmer Sports joins the Ellen MacArthur Foundation’s network
Following the announcement that Arc’teryx is joining the Ellen McArthur Foundation’s Fashion ReModel initiative, the Canadian brand’s parent company, Finland-based Amer Sports, has now also announced that the group will officially become a network member of the international charity. The Ellen McArthur Foundation develops and promotes the circular economy to ...
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ArticleStudy shows several PFAS are absorbed into human skin
A new study from researchers at the University of Birmingham has shown that 17 commonly used PFAS (perfluoroalkyl substances), also referred to as “forever chemicals,” can readily be absorbed through human skin. The study, “Dermal bioavailability of perfluoroalkyl substances using in vitro 3D human skin equivalent models,” was published in ...
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Short stops
Short Stops Week 29, 2024
RETAIL +++ The North Face, a VF Corp brand, has opened a 620-sqm store in Barcelona at 121 Rambla Catalunya, bringing to five the number of TNF stores in Spain +++ MARKETING +++ Cycling legend Miguel Induráin has rejoined Italian brand Pinarello following a short hiatus +++ ...
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News briefsLowa strengthens DACH business by integrating Austrian distribution partner
With the acquisition of the Austrian Lowa Sportschuhe GmbH sales company, based in St. Martin im Innkreis, and the change of name to Lowa Austria GmbH, Germany-based Lowa Sportschuhe GmbH has finally united all German-speaking Lowa core markets under one roof. Matthias Wanner, Chief Sales Officer (CSO) of Lowa, will ...
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News briefsCanada Goose hires new Chief Digital & Information Officer
Alfredo Cunanan Mendoza Tan is Canada Goose’s new Chief Digital & Information Officer.
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ArticleOrtlieb intensifies collaboration with Wilderness International
Source: Ortlieb Ortlieb x Wilderness International Ortlieb Sportartikel GmbH has been supporting the Wilderness International (WI) foundation for several years to permanently preserve ecologically valuable and acutely threatened wilderness areas. Since its foundation in 2008, WI has been able to legally acquire 11.5 million square meters of ...
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News briefsParadise Textiles and Nanollose sign R&D agreement
Paradise Textiles, the innovation hub of global textile and apparel firm Alpine Group, has signed a deal with biotech company Nanollose for the exclusive supply of its sustainable Nullarbor fibers. Under the non-binding terms of the joint venture agreement, Paradise will work closely with Nanollose to develop yarns and fabrics ...
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News briefsColoreel Group files for bankruptcy
Swedish tech company Coloreel Group AB, known for its instant thread dyeing technology, has announced that it has filed for bankruptcy. The filing also involves the daughter firm Coloreel AB. The group could not develop its business volume quickly enough and secure the necessary financing, Coloreel explained in a statement. ...
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ArticleBicycle Industry Stock Chart Q2 2024: Glass half full or half empty?
While the wars against Ukraine and in the Middle East appear to have already been priced in by the global stock markets, the clear shift to the right in the European elections in early June and the poor performance of US President Biden in the first TV debate against Donald Trump put the markets under pressure. As a result, there was no clear picture of the bicycle market – or the global stock market across all sectors.
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ArticleIntersport celebrates 40 years of private label McKinley
Founded in 1984 and named after North America’s highest peak, McKinley has become the flagship private label brand of Intersport. This year, Intersport proudly celebrates four decades of McKinley.
