All articles by Wolfgang Greiner – Page 39
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ArticleLargest SSU shareholder cancels equity commitment
Shortly after deciding to delist from the NYSE, Signa Sports United (SSU) announced that it had received a termination notice regarding the unconditional equity commitment letter from Signa Holding GmbH, a privately held Austrian real estate and retail company and a subsidiary of the company’s largest shareholder, Munich-based Signa International ...
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ArticleVista Outdoor divests Sporting Products business for $1.91bn
Vista Outdoor has agreed to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion. The transaction is subject to customary closing conditions. This transaction is the next step in Vista Outdoor’s plan to split the business into separate entities, previously announced on ...
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ArticleC.A.M.P. presents ESG roadmap
Source: C.A.M.P. Italian outdoor safety company C.A.M.P. has unveiled its social and environmental responsibility program. “We call it ‘Responsible Evolution,’ recalling the ‘Evolutionary’ claim we introduced with our rebranding,” commented President Eddy Codega. “Adopting an ESG agenda is a new challenge for us, more in form than ...
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News briefsFive purpose-driven brands collab to protect Alaskan native land
Zeal Optics, Weston, Smartwool, Pret and MountainFlow Eco-Wax have joined forces with Tlingit artist Crystal Worl of Trickster Company to form the Haa Aaní Alliance and launch a collection of goggles, skis, snowboards, socks and accessories featuring Worl’s artwork, with proceeds benefiting three non-profit organizations: Yukon Salmon, Wild Salmon Center ...
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ArticleOdlo launches expanded ReWear concept, opens flagship in Zurich
Source: Odlo ReWear Swiss functional apparel manufacturer Odlo announced the launch of Odlo ReWear, a new, expanded initiative by the company to support the circular economy. Garments that would otherwise be discarded will now be given a second life, which enables the company to help reduce waste. ...
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ArticleCycling associations welcome EU declaration on cycling
European cycling associations welcome the proposal for the “European Cycling Declaration” presented by EU Transport Commissioner Adina Vălean in Seville this month. The declaration is intended to serve as a “strategic compass for existing and future policies” to “realize the full potential of cycling in the European Union.” The European ...
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ArticleVittoria opens cotton bike tire factory in Bangkok
Italian bicycle tire specialist Vittoria has opened a new factory in Thailand for the production of cotton bicycle tires. This €20 million investment will expand the Vittoria Tyres Thailand (VTT) factory site from 36,000 to 51,000 sqm in the Bangpoo industrial area, near VTT’s current headquarters. The 10,000 sqm facility ...
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ArticleAccell Group appoints new CEO and Supervisory Board Chairman
Source: Accell Group Tjeerd Jegen, new CEO and Chair of the Management Board The Netherlands-based Accell Group, a leading manufacturer of bicycles, bicycle parts and accessories, has appointed Tjeerd Jegen as CEO and Chair of the Management Board, effective Nov. 1, 2023. Jegen succeeds Juan de Ochoa, ...
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ArticleVista Outdoor unveils name for outdoor products segment
Having already announced the new name of its Sporting Products segment (The Kinetic Group) last August, Vista Outdoor Inc. has now revealed the name and identity of its Outdoor Products segment following the planned separation of the group: Revelyst, Inc. The new Outdoor Products company will trade on the New ...
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ArticleInov-8 rebrands for the first time in 20-year history
Founded in 2003 in the mountains of northern England, the running, hiking and fitness brand Inov-8 is undergoing its first rebrand. To mark the milestone of two decades, the company has now unveiled a new look with the new wordmark “INOV8.” The new name and logo will first appear on ...
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ArticleSSU delists from NYSE, new CEO
After assuming earlier this year that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is ...
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ArticleFormer Thule CEO appointed to Hestra’s board
Source: Hestra Magnus Welander Magnus Welander has been appointed to the board of the Swedish company Hestra Gloves. Welander joins Hestra after 14 years as CEO of Thule Group. Under his leadership, the outdoor company has achieved impressive growth, with an increased brand presence and several new ...
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News briefsJack Wolfskin’s CEO resigns
Source: Jack Wolfskin The departing CEO, Richard Collier Jack Wolfskin confirmed to SGI Europe that Richard Collier has resigned as CEO to pursue another opportunity and be closer to his family in Oslo, Norway. He will remain in his position until the end of the year to ...
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ArticleHoudini expands circularity platform, launches “Houdini Circle”
Swedish sportswear company and sustainability pioneer Houdini is expanding its circularity platform, opening “Houdini Circle,” the first retail concept of its kind, in Stockholm on Sept. 28. Flexible apparel “ownership” In one single location, customers can now choose how to access their garments: rent, subscribe, buy new/used/exclusively made garments, or ...
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ArticleCycling industry veteran joins POC as new CEO
Source: POC Derek Bouchard-Hall, new CEO at POC POC, the Swedish manufacturer of helmets, eyewear, protective equipment and apparel founded in 2005, has appointed Derek Bouchard-Hall as its new CEO, effective immediately. He succeeds Jonas Sjögren, who served as POC’s CEO since early 2017, and will be ...
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ArticlePrimaLoft introduces new durable synthetic insulation
PrimaLoft, Inc. has introduced its latest innovation, PrimaLoft Utility. PrimaLoft Utility represents a new design approach and sets “new benchmarks in durability within the realm of synthetic insulation while also providing unparalleled ease of use and care.” According to PrimaLoft, Utility was designed to redefine the standards for durability and ...
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ArticleVF Corp collaborates with winner of Redress Design Award 2023
VF Corp and the Hong Kong-based environmental NGO Redress have announced the winner of the Redress Design Award 2023. The award is the world’s largest sustainable fashion design competition and aims to provide a platform for emerging fashion designers to advance the circular economy in the fashion industry. ...
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ArticleTrade show organizer Raccoon Media acquired by investment company
Cuil Bay Capital, a new U.K.-based investment firm led by exhibition entrepreneur Doug Emslie, has announced its first investment with the acquisition of a majority stake in U.K.-based Raccoon Media Group. Raccoon was founded in 2016 and achieved great success with the launch of the National Running Show. Since then, ...
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ArticleVista Outdoor announces public filing to spin off its outdoor product brands
Vista Outdoor Inc., the parent company of 41 sports and outdoor brands, filed a public registration statement on Form 10 with the Securities and Exchange Commission (SEC) on Sept. 5, 2023, in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, ...
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ArticleMips acquires 25% in US sensor tech firm
Swedish helmet safety specialist Mips AB has entered into an agreement to acquire 25 percent of Dallas, Texas-based sensor technology company Quintessential Design, Inc (Quin Design) for $7.3 million. Quin is an ingredient brand for event detection technology and has been providing specialized sensor fusion and software for helmet brands ...
