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Swedish outdoor children’s apparel brand Isbjörn of Sweden has announced 20 percent year-over-year global growth through April 2022. Isbjörn was recently acquired by Online Brands Nordic AB, which will provide a solid financial backbone for further sustainable growth, and reported a healthy Ebitda of more than 11 percent.
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
For Sympatex, the willingness of the market to take collective responsibility for the environmental collateral of our industry has been decisive to the company’s development. Today, the company is a system partner, ingredient supplier and advisory body to its customers. Sympatex has learned one lesson in its multiple roles: collaboration is key.
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
Laka, a London-based bicycle insurance provider that announced a $12 million Series A round earlier this year, has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG, bringing the total round to $13.5 million. The Series A funding was initially led by Autotech Ventures, followed by ...
Following the retirement of the previous CEO and president of United Wheels Inc. (UWI, with bicycle brands Batch Bicycles, Buzz E-Bikes, Huffy, Niner Bikes, Royce Union and Vaast Bikes), Claude Jordan, after nearly four years in office, the U.S.-based company, under the wing of Hong Kong-based Covation Holdings Limited, has ...
Nearing the completion of a multi-year, $525 to $550 million restructuring, and 10 days after disclosing that short-term challenges will impact its sales, profitability, and margins for much of 2022, Under Armour on May 18 appointed Colin Browne as its interim president and CEO, effective June 1. On that date, ...
Quick reads of the week
+++ Dick’s Sporting Goods, Adidas, Nike, and GoPro were among the first sporting goods brands to commit to various actions in support of their female employees to protest the U.S. Supreme Court decision that overturned the constitutional right to abortion care
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SSU’s sales bolstered by acquisitions | USWE sales up 88% in 2021, Q4 hit by geopolitical situation | The North Face helps drive Q4 revenue rise, but Vans hit by China lockdowns | Vista Outdoor outlines long-term vision and financial goals for proposed separation of its business | Icebug promotes sustainable lifestyle as annual sales, profits rise | Thule Group with new product categories, updates financial targets | Lowa reports top sales figures for 2021 | Continued growth for Online Brands Nordic | Giant Group reports another sales record in Q1 | Seventh consecutive quarterly sales record for Leatt | Pelican International acquires GSI Outdoors | Australian investment company acquires majority stake in Sea to Summit | Porsche takes over remaining 80 percent in Fazua | Nordic Swan Ecolabel increases focus on textiles | Worn Again Technologies builds textile recycling demo plant in Switzerland | Italy’s bike exports increase double-digit, e-bikes at 15% | SSU partners with Rhenus on “largest bicycle components hub in Europe” | + EOG Partner Page
Columbia Sportswear posts double-digit sales gains in EMEA, U.S. | Fenix Outdoor sales rise 30 percent in first quarter | Dometic sees Q1 sales jump 55% as M&A continues | RevolutionRace sees 50% Q3 sales gain despite supply chain problems | Johnson Outdoors gets lift from camping, but fishing sinks | Helen of Troy sees Q1 boost from Hydro Flask, Osprey | Bike24 reports solid Q1 sales and earnings in a difficult environment | Haglöfs’ growth challenges its CSR goals | Moncler records 61% sales growth in Q1 | Rocky Brands almost doubles Q1 net sales driven by strong wholesale performance | Vista Outdoor to separate into two; Q4 and FY profits soar | Thule increases sales by 20% in Q1, maintaining margins | Shimano maintains guidance as sales growth continues to slow | Clarus’ outdoor results impacted by supply chain, logistics | Polygiene posts higher net sales in Q1, but sees decline in operating profit | Lenzing’s Q1 revenues grow double-digit despite rising costs | Yeti sees big growth potential outside U.S. | Mips reports outstanding start into 2022 | Fox Factory forecasts overheated bike product sales “back to normal” in winter 2022 | Solo Brands records 19% sales increase in Q1 | Weyco sales nearly double in Q1 | Restricting the use of PFAS: Multinational and cross-industry activities underway | Online Brands Nordic completes acquisition of Nordic Kidswear and Isbjörn of Sweden | Alpkit receives growth funding, plans to launch footwear this summer | Super Retail Group unveils sales, strategies for three banners | TVS Motor Group acquires majority stake in another European e-bike company | + EOG Partner Page
Outdoor and bike industry stocks fall nearly 18% in Q1 | Date for European Outdoor Summit 2022 confirmed | Geopolitical situation puts pressure on the bicycle market | Fenix Outdoor sees bright start to 2022 | KMD Brands aims to return to growth in second half | Giant Group achieves another annual record | Gregory grew by 16.2% in 2022 | Leatt ends 2021 with record sales and record profits | Top results for Bike24, yet disappointing for investors? | Pierer Mobility’s annual report confirms record growth | Lenzing with strong fiscal 2021 | Jornet and Camper launch new trail running brand NNormal | Frasers Group hires managing director for cycling | Callaway highlights Jack Wolfskin in sustainability report | SSU invests in bike subscription service Buzzbike | American Outdoor Brands shifting focus | + EOG Partner Page (p. 11)
Wolverine delivers strong Q4 results; Merrell and Saucony with record annual revenue | SSU grows by only 10.6% as bike supply issues persist | EOG opens up to organizations from the wider value chain; board changes announced | Outdoor and sports industries create support initiatives for people affected by war in Ukraine | Women in the outdoor and sports business: Facts and figures on International Women’s Day | OutDoor by ISPO releases more information on location and exhibitors | Clarus open to buy more “Super Fan” brands after record year | The outdoor industry is teaming up to take a new approach to combating the problem of single-use plastics | Kathmandu is on track for better results | Haglöfs reports record year | Storck Bicycle more than doubles its sales in 2021 | Callaway sees continued robust growth, Jack Wolfskin relaunch progressing well | Polygiene Q4 sales jump despite logistics, raw material supply challenges | Canadian Tire beats sales estimates in Q4 as consumers splurge on sports goods | Rocky Brands targets savings as Q4 net sales soar | Compass Diversified foresees slower growth in 2022, postpones 5.11 IPO | New Wave’s sales growth driven by Sports & Leisure | Coleman helps boost Q4 sales at Newell Brands outdoor unit | Yeti forecasts topline growth of 18-20%; will adopt key strategies in Europe | USWE reports net sales growth of 119% in Q3 | Sport 2000 Germany reports best result in company history; Outdoor particularly on the rise | Weyco Group says Forsake brand will gain traction in 2023 | EOCA’s 2022 sustaining members provide funding to support conservation efforts | Isbjörn aims to reduce CO2 emissions by 50% by 2033, become net zero by 2045 | Salewa introduces the “committed” sustainability label | OrthoLite launches fully compostable midsole foam Cirql | Portugal Bike Value achieves double-digit increase in bicycle exports in 2021 | New Global GM for Gregory in the U.S., new structure for Europe | Odlo acquires Janus, moves wool production to Norway | Mountain Hardwear expands its leadership team | EOG Partner Page