Latest Corporate and M&A

  • Rossignol
    Article

    Rossignol to sell Raidlight except for Outdoor Experiences division

    2020-08-03T17:05:00Z

    The Rossignol Group has announced the sale of Raidlight Vertical , a French company specializing in footwear, apparel and equipment for trail running and ski touring, with an annual turnover of around €8 million. It will only keep and expand its Outdoor Experiences division, which organizes trail ...

  • simon-schmitz-NruAp5ntOTE-unsplash
    Article

    Russian outdoor goods industry resumes operation

    2020-07-30T10:02:00Z

    Russian outdoor industry companies hit by the Covid-19 pandemic are gradually getting back to business. N1Sport – according to its owner, Alexey Surkin – has not only resumed production but expanded its range, beginning to manufacture athletic apparel for the mass market under the Sterin brand. ...

  • EVENTBANNER
    Article

    eVent has a new owner

    2020-07-06T13:25:00Z

    eVent fabrics , a Missouri-based developer of waterproof apparel, has announced that as of June 30, Performax Pro has assumed full ownership of the brand after acquiring it from Parker Performance Materials for an undisclosed sum. Performax Pro, based in Hong Kong, is a provider of performance fabrics ...

  • odlo
    Article

    Odlo has a new owner

    2020-05-14T10:43:00Z

    Monte Rosa Sports Holding AG , a company based in Switzerland, has acquired Odlo International , the Swiss producer of functional sports underwear, together with all its national subsidiaries, from Herkules Fund III . The transaction was completed on Wednesday, May 13, for an undisclosed price. Odlo was founded ...

  • YETI-USA-Logo-Social
    Article

    Yeti offers more shares after a good Q1

    2020-05-13T11:16:00Z

    Yeti has announced a secondary offering of 15 million shares by the Seiders family and some of its shareholders. It’s the third time that insiders have sold large batches of shares since the American maker of camping coolers and drinkware went public in 2018. The latest offering came ...

  • Clarus Kopie
    Article

    Store closures end Black Diamond’s strong growth

    2020-05-12T12:23:00Z

    Store closures due to the pandemic pushed Clarus Corp. ’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond , Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ...

  • Polygiene-Logo
    Article

    Polygiene benefits from antiviral technologies

    2020-04-15T14:15:00Z

    Polygiene said its revenues grew in the first quarter of 2020, despite production being halted across Asia due to the coronavirus outbreak. According to preliminary estimates, the Swedish company’s sales rose by 4.3 percent from the year-ago quarter, which the management partly attributed to the group being able to ...

  • OBE-logo-oberalp-group-A_white
    Article

    Interview with Heiner Oberrauch, president of the Oberalp Group

    2020-04-01T14:44:00Z

    Heiner Oberrauch Source: Oberalp Group We recently heard a lot about the Salewa brand and its operational decisions and support programs during the Covid-19 crisis. After the interview with Salewa’s managing director Stefan Rainer , the Compass now had the opportunity to speak to ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine wants to save $500 million

    2020-03-29T15:12:00Z

    As reported in a separate article, Wolverine Worldwide was the company in our industry that got the biggest hit on the stock exchange between Jan. 1 and March 27. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking to navigate ...

  • AM_STLABS_OBERALP_CONVENTION-260_sm
    Article

    Salewa cancels SS 2021 textile collection: Interview with Stefan Rainer

    2020-03-26T18:37:00Z

    To support its retailers during and beyond the ongoing Covid-19 pandemic, the Italian outdoor brand Salewa decided to skip the SS 2021 textile collection. Outdoor Industry Compass spoke with Stefan Rainer , managing director of Salewa, about the rationale and context of this decision. Source: ...

  • Photo02 by Alice Donovan Rouse on Unsplash_sm
    Article

    Adventure travel and outdoor experiences: The way out?

    2020-03-26T13:45:00Z

    The areas of outdoor equipment, outdoor retail and outdoor travel are moving closer together. Several premium outdoor brands have already acquired or partnered with outdoor guides and tour operators, the most recent examples are Norrøna Hvitserk Adventures and Arc’Teryx Trips or Jack Wolfskin’s Wolftrail , but let’s not ...

  • conzzeta_logo
    Article

    No pressure for the sale of Mammut

    2020-03-18T09:09:00Z

    As previously reported, the Conzzeta Group plans to divest its Outdoor division, which essentially consists of the Mammut Sports Group . Addressing financial analysts, the Swiss group’s management pointed out, however, that it is under no pressure to sell it at just any price because of the current economic ...

  • markus-spiske-11bjTWQ9mV0-unsplash
    Article

    How the industry is affected by (and dealing with) the Coronavirus

    2020-03-17T08:42:00Z

    We have already given you some information about the coronavirus situation on the websites of SGI Europe and the Compass in the past weeks, but of course there are new developments every day and hour. The explosion of the coronavirus pandemic, which now has Europe completely under control, ...

  • polartec-vector-logo
    Article

    Polartec starts to make some more noise

    2020-03-13T07:45:00Z

    Polartec wants to raise its brand awareness with a bigger marketing budget under the ownership of Milliken Company , the big American textile group that took over the fleece fabric producer a few months ago ( Compass Vol. 12 N° 11+12 of June 28, 2019 ). ...

  • Montane2_sm
    Article

    Montane has found an investor

    2020-03-03T00:01:00Z

    A Scottish investment company based in Edinburgh, Inverleith , signed a deal last Friday to take over majority control of Montane for an undisclosed price. It has also agreed to invest in the business to recruit new managers, to expand its office in northern England, to boost product development ...

  • Photo by Free To Use Sounds on Unsplash_01
    Article

    Corona infecting the sports and outdoor industries

    2020-03-02T08:19:00Z

    On Dec. 31, 2019, the World Health Organization (WHO) country office in China was informed of a cluster of patients with pneumonia of unknown cause in Wuhan, a city of 19 million people in the Hubei Province of China. Since then, we have been witnessing the spread of the ...

  • Article

    Assosport releases a statement on coronavirus

    2020-03-01T23:03:00Z

    (Updated March 15) Assosport , the association of the Italian sporting goods industry, has published an open letter to its members from its president, Federico De Ponti , in relation to the coronavirus crisis. In the letter, De Ponti explains that Assosport has taken action through Confindustria , the ...

  • Article

    Ternua establishes twin sales departments

    2020-02-28T10:06:00Z

    There are three pillars to Ternua ’s growth strategy: the digitalization of its B2B business, the expansion of its complementary product lines (such as backpacks) and business development abroad. To build on the last of these, the Catalonian outdoor group has split it sales department into two divisions.

  • Article

    Adidas launches a skiwear line

    2020-01-22T09:27:00Z

    Confirming a report in Süddeutsche Zeitung, Adidas says it is planning to enter the snowsports market with a line of winter sports apparel for cross-country and alpine skiing, ski touring and snowboarding for the autumn/winter 2020/21 season. It will be launched under its growing sub-brand for outdoor products, Adidas Terrex, ...

  • Article

    Amer is focusing on brand management

    2020-01-22T09:19:00Z

    (SGI) In a move intended to get closer to the consumer, Amer Sports is introducing a new “brand-direct” business model into its global sales organization. Each of the brands in Amer’s portfolio – Arc’teryx, Peak Performance, Atomic, Salomon, Suunto, Wilson and Precor – will have a dedicated, direct sales structure ...