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Lenzing suspends 2022 earning outlook over market deterioration
The Lenzing Group has announced that, because of “the drastic deterioration of the market environment in the current quarter,” it has suspended its guidance for the development of earnings in the 2022 financial year. The specialist fiber manufacturer specifically referred to “the extremely low visibility on the demand side and ...
KMD Brands sees sales momentum resuming
After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.
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Edelrid Group acquires avalanche backpack manufacturer ABS
ABS is becoming part of the Edelrid Group (a company group that also includes the Edelrid brand and Vaude Vietnam). By adding the Munich-based avalanche backpack company to its portfolio, the group is expanding its range of personal protective equipment (PPE) for winter sports. ABS had been owned by Spin ...
Patagonia and Gellert’s reactions to allegations of tax evasion
We summarize what Patagonia CEO Ryan Gellert and competitors have to say about Chouinard’s move to donate Patagonia to fight climate change.
Tim Bantle appointed as Eddie Bauer CEO
New Eddie Bauer CEO, Tim Bantle, is a familiar face in the outdoor industry. He joins Sparc Group from VF Corporation, where he was GM of VF Canada. His résumé also includes positions at The North Face, Black Diamond and Patagonia.
Yeti is looking for a new CFO
Paul Carbone, Yeti’s chief financial officer, is stepping down at the end of October. Carbone will be taking a new job in Boston to be closer to his family.
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New owners are reportedly reducing staff at Pearl Izumi
Sea Otter Europe 2022 sees record attendance
Number of visitors at Italian Bike Festival exceed expectations
Live shows and experiences are back at Skipass
New dates and two phases for Prowinter 2023
Teijin introduces LCA for carbon fiber intermediate materials
Lycra partners with Qore for bio-derived Lycra fiber
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Latest Short Stops
Quick reads of the week
Short Stops Week 39, 2022
+++ Millet has opened a 130-square-meter boutique in France’s alpine town of Annecy, its fifth store in the country
Latest Executive Editions of The Outdoor Industry Compass
Outdoor Industry Compass: Vol 15 - No 6
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