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ArticleRocky Brands invests $230m to buy footwear brands from Honeywell
Rocky Brands has agreed to acquire the performance and lifestyle footwear business of the U.S. conglomerate Honeywell International for $230 million. The deal is expected to close in the first quarter of 2021. The assets acquired are The Original Muck Boot Company , Xtratuf , Servus , ...
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Anti-dumping duties on e-bikes from China do not benefit EU manufacturers as expected
Due to the anti-dumping and countervailing duties on Chinese e-bikes announced in mid-January 2019, e-bike exports from China to the EU shrank by 84 percent to 105,803 units the same year compared to 2018. While this double-digit decline was entirely at the expense of e-bike manufacturers in China, who were ...
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Zwift appoints two new executives
Last September, Zwift Inc. , a virtual cycling, running and triathlon training platform, raised $450 million (€371.22 million) from various investors to further expand its business. In January, the Californians announced two senior appointments: Shortly after Mark Cote was named senior director, content programming, YuChiang Cheng joined the ...
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EU Commission calls for travel within the EU to be “strongly discouraged”
The European Commission has proposed the European Council to discourage non-essential travel between European Union member states amid high Covid-19 infection rates and concerns about new virus variants while avoiding border closures or blanket prohibitions that would impede the functioning of the internal market and supply chains. ...
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Strong growth for Storck Bicycle
German bicycle manufacturer Storck Bicycle , which celebrated its 25th anniversary last year, says it is satisfied with its performance in the past fiscal year (2020) despite the challenges posed by Covid-19. “Although the impact of the Corona pandemic is affecting the entire industry, we are in an excellent position ...
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Leva-EU calls for change in legislation that discriminates against e-bike manufacturers over China components
Europe’s trade association and sole voice for the light electric vehicle industry, Leva-EU , says companies that exclusively assemble e-bikes face discrimination that threatens their existence. It also hurts the Green Deal goals outlined by the commission “and could severely hamper the EU’s net-zero emissions target.” Currently, ...
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ISPO Award 2021 winners announced
Messe München has released the winners of the I SPO Award 2021 – with the exception of the Products of the Year , which will be revealed at this year’s ISPO Munich Online from Feb. 1-5. In total, there are 76 products in the four segments ...
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Büchel integrates Kuhnert and Exal into group portfolio
In streamlining the organization, Kuhnert Drahtwaren and Exal Europe have been integrated into the Büchel Group . “Since Jan. 1 of this year, Büchel GmbH Co. Fahrzeugteilefabrik KG has taken over the joint business operations of the two companies,” reads a statement from the German ...
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Study by Mastercard says Covid-19 accelerates technological innovations in winter sports
In a new study by the Center for Sports and Management at WHU – Otto Beisheim School of Management , conducted in an anonymous Delphi format with 46 winter sports experts, more than half (56 percent) of the participants predict that the industry will continue to evolve technologically ...
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Swedish DTC brand RevolutionRace with new chairman
RevolutionRace (RVRC), a Boras, Sweden-based D2C startup owned by Altor , a Stockholm-based private equity investment firm, has received a prominent addition to its board. E-commerce professional Paul Fischbein is taking over as chairman of the outdoor company that made around €50m in sales in 2020. ...
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ISPO Munich Online with more than 500 exhibitors and 5-day event program
Messe München reports that more than 500 exhibitors have registered to participate in the virtual Expo Area of the first online-only ISPO Munich on Feb. 1-5. The Expo Area is the virtual exhibition hall where brands can showcase their products and innovations. Also, participants can ...
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EOG and EDM intensify partnership on behalf of the industry
In 2021, the European Outdoor Group ( EOG ) and EDM Publications ( EDM ), publisher of The Outdoor Industry Compass ( OIC ) and SGI Europe , among others, will build on an already existing successful relationship and together will reach even bigger audiences with business ...
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Germany extends lockdown, France to impose curfew
With the number of corona cases still rising in the country, German Chancellor Angela Merkel and the leaders of the 16 German states agreed on Jan. 19 to maintain the lockdown and introduce tougher measures to combat the spread of the coronavirus. The lockdown, which was originally set to ...
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Record sales for Polygiene in Q4
In a business update, Polygiene said its sales for the fourth quarter soared by 41.4 percent to a record 26.9 million Swedish kronor (€2.7m-$3.2m). The company added that British subsidiary Addmaster , which was acquired earlier in 2021, had even stronger growth, with revenues rising by as much as ...
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Michael White quits as president of Salomon
Source: Amer Sports Michael White Amer Sports announced the immediate departure of Michael White as president of Salomon , indicating that he has decided to “pursue other interests” and adding that it has initiated an external search for a permanent successor. We were ...
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EOG invites you to participate in its Outdoor Industry Survey 2020
The European Outdoor Group ( EOG ) would like to invite brands and retailers in the outdoor markets to participate in its annual survey. This survey is an opportunity for the industry to provide feedback about how the markets performed in 2020, the key challenges as well as ...
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Polygiene: How Covid-19 is changing our washing behavior
Many people wash their clothes for fear of viruses more often than before, the new study by Polygiene found. This, in turn, has an enormous impact on our environment. With the new ViralOff finish for textiles, viruses are killed within two hours - without any washing.
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Herrmans Group: Increasing investments in team and machine park
Growing demand for bicycles has also led to increasing production capacity at Finnish producer Herrmans Group . Its subsidiary Herrmans Bike Components , in particular, has grown at a good pace in recent years, and it continues to grow. Therefore, the company announced that several (not quantified) investments were made ...
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Pon sells stake in Accell
According to reports in various Dutch media, Pon Holdings B.V. sold its 20-percent corporate stake in competitor Accell Group N.V. at the end of last year. At the time of writing, no official comment was available from either Pon or Accell. In 2017, Pon Holdings, which is well-positioned ...
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Open letter from German Bicycle Industry Association against complete shutdown
In an open letter, the German Bicycle Industry Association ( ZIV ), the national lobby and service provider for the German and international bicycle industry, has written to the German government opposing a complete shutdown of the economy as a measure against the Corona pandemic. While ZIV fully recognizes the ...
