Latest Corporate and M&A

  • Revelyst_Logo_COMBOMARK_STACKED
    Article

    Vista Outdoor’s transformation is moving forward

    2024-03-24T22:37:00Z

    Vista Outdoor announced that the US Securities and Exchange Commission (SEC) has declared effective the registration statement on Form S-4 filed by its subsidiary Revelyst, Inc. in connection with the proposed acquisition by Czechoslovak Group a.s. (CSG) of Vista’s The Kinetic Group business. The announcement is a key achievement in ...

  • Juha Latvala Sasta
    Article

    CEO Juha Latvala: Sasta needs to “make more noise”

    2024-03-19T10:15:00Z

    Finnish brand Sasta is taking outdoor and hunting apparel to the global market.

  • spinnova-Logo
    Article

    Spinnova reports disappointing FY, announces new strategy and job cuts

    2024-03-16T08:39:00Z

    Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff. In 2023, Spinnova generated revenue of €10.6 million, which was ...

  • Klean Think Better
    Article

    Klean Kanteen acquired by Think Better Group

    2024-03-08T07:38:00Z

    Klean Kanteen, a family- and employee-owned company known for reusable stainless steel beverage and food containers, has been acquired by the Think Better Group in partnership with the ABN AMRO Sustainable Impact Fund. Klean Kanteen, the original clean reusable water bottle, was founded over 20 years ago in the foothills ...

  • KTAW23_For_HerBy_Her_Campaign_36
    Article

    Georgina Kirby: "At Kari Traa we resonate with women"

    2024-03-07T14:04:00Z

    Discover how Kari Traa’s General Manager navigates gender equality, community-building and the empowerment of women.

  • All in Biking
    Article

    Ambitious Spanish cycling app gets an update

    2024-03-05T16:36:00Z

    In its quest to become the one-stop shop in cycling platforms, All in Biking is releasing an update of its app that CEO José Julio Becerril believes will make it “the world’s most complete and versatile” for cyclists and hopes will raise its usership to 1 million, according to CMDsport. ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor rejects unsolicited offer from MNC Capital

    2024-03-04T12:30:00Z

    Vista Outdoor announced on the morning of March 4, 2024 that its Board of Directors, after consultation with its financial and legal advisors, has rejected the unsolicited expression of interest from MNC Capital in which MNC expressed an interest in acquiring Vista Outdoor in a cash transaction for $35 per ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor receives takeover bid of $2.9bn for entire group

    2024-03-01T23:30:00Z

    Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...

  • Cake_Logo
    Article

    Norwegian investor acquires Cake after bankruptcy

    2024-03-01T09:18:00Z

    Espen Digernes, a Norwegian investor and CEO of Brages Bilforretning AS, a Toyota and Lexus dealership in Ålesund and Kristiansund, Norway, has acquired Cake, according to Swedish newspaper Breakit. The Swedish manufacturer of electric motorcycles had to file for bankruptcy in early February after the exit of a major investor ...

  • DSC_3032
    Article

    MyStromer moves Desiknio Bikes production to Poland

    2024-02-28T15:34:00Z

    This year, Desiknio Bikes, the Spanish sister brand of S-pedelec brand Stromer under the roof of Swiss MyStromer AG, is taking off with a new production partner. Since January, all Desiknio models have been painted and assembled by the Polish manufacturer Kross S.A. in Przasnysz, 110 kilometers north of Warsaw. ...

  • SAC - CASCALE
    Article

    Sustainable Apparel Coalition rebrands

    2024-02-26T14:24:00Z

    The Sustainable Apparel Coalition (SAC) announced its rebranding as Cascale. The apparel, footwear and home textile industry’s alliance for sustainable production continues to act as a global nonprofit alliance that empowers collaboration to drive equitable and restorative business practices in the consumer goods industry. Walmart and Patagonia founded the SAC ...

  • renewcell-og-image
    Article

    Renewcell files for bankruptcy

    2024-02-26T10:05:00Z

    After the Swedish textile recycler postponed its annual report for the second time for economic reasons, the Board of Directors decided on Feb. 25 to file for bankruptcy of Re:NewCell AB (Renewcell). The bankruptcy petition will be filed with the Stockholm District Court. The reason for the decision to file ...

  • Cake
    Article

    Cake files for insolvency, administrator seeks buyer for business operations

    2024-02-07T16:40:00Z

    What several Swedish media outlets have already reported has just been confirmed by both the appointed insolvency administrator and on the website of the Swedish manufacturer of electric motorcycles itself: On Feb. 1, Cake 0 Emission AB had to file for insolvency. Lawyer Jakob Callmander from the Stockholm-based law firm ...

  • STS-EmailLogo_AusGlobal2018V3
    Article

    Sea to Summit acquires Cirdan, bolsters presence in Scandinavia

    2024-02-05T06:29:00Z

    Australian adventure brand Sea to Summit Pty Ltd has announced the acquisition of Cirdan AS, its current distribution partner in Norway, Sweden and Finland, effective Feb. 1, 2024. Cirdan has a head office in Lorenskog, Norway, a sales office in Stockholm, Sweden, and an agent office in Helsinki, Finland and ...

  • Revelyst_Logo_COMBOMARK_STACKED
    Article

    Revelyst provides ‘GEAR Up’ transformation update, closes offices and consolidates teams

    2024-02-02T16:02:00Z

    Revelyst, the segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, announced an update on its “GEAR Up” transformation initiative (the title refers to the future ticker name “GEAR” of Revelyst on the New York Stock Exchange). As part of the spin-off process, Revelyst ...

  • Tailored Blank Line
    Article

    Belgian-German partnership for large-scale production of thermoplastic carbon bicycle frames

    2024-02-02T15:42:00Z

    The young Belgian carbon frame expert REIN4CED N.V. has announced a closer strategic partnership with the German mechanical and plant engineering expert Dieffenbacher GmbH Maschinen- und Anlagenbau to accelerate the large-scale production of thermoplastic carbon bicycle frames. The partnership aims to deepen the integration of product and machinery development. This ...

  • Accell Group logo nieuw 21'
    Article

    Accell Group relocates production and cuts jobs

    2024-02-02T14:17:00Z

    After announcing the relocation of the production of the German Accell brand Ghost in Waldsassen to the Accell production sites Accell Hunland Kft. in Hungary and Accell Bisiklet Sanayi ve Ticaret A.S. in Turkey late last year, the Accell Group is now planning further measures to streamline the operating model ...

  • Unifi_Logo
    Article

    Unifi announces profitability improvement plan, executive promotions

    2024-02-01T14:26:00Z

    Unifi, a Greensboro, North Carolina-based manufacturer of recycled and synthetic yarns, including Repreve, announced that it has begun implementing a new Profitability Improvement Plan focused on further reducing the company’s costs, streamlining operations and investing in innovation. Unifi’s Profitability Improvement Plan includes a cost reserve and workforce reduction that is ...

  • Yeti Mystery Ranch
    Article

    Yeti acquires Mystery Ranch

    2024-01-31T16:37:00Z

    Texas-based outdoor company Yeti Holdings, Inc., maker of coolers, hydration solutions and bags, has signed an agreement to acquire Montana-based backpack specialist Mystery Ranch. “[Mystery Ranch’s] ethos, passion and people not only align with the Yeti team, but also connect well with our commitment to innovation and our customers,” commented ...

  • SBTi
    Article

    SBTi gains charitable status in UK, doubles corporate climate validations and ramps up pace

    2024-01-31T10:14:00Z

    The number of companies and financial institutions setting greenhouse gas reduction targets and having them validated by the Science Based Targets Initiative (SBTi) has doubled to 4,204 in 2023 (2022: 2,079). This extraordinary demand for corporate decarbonization standards and target validation services has prompted a major scale-up effort to rapidly ...