All Corporate articles

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    ​Citrus-Lime, British provider of cloud-based retail systems, breaks the £1 billion barrier


    U.K.-based PoS solutions provider Citrus-Lime reports that customer sales processed through its End-to-End Retail Solution have broken through the £1 billion (€1.17bn-$1.39bn) barrier – a major milestone in the company’s history. More than half of that amount was transacted through the platform in the last 12 months alone, Citrus-Lime ...

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    EDM Interview Series #03-2021: Artilect


    In part 3 of EDM’s new Interview Series, we spoke with Trent Bush, founder and Co-CEO of Artilect.

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    Lenzing to build new wastewater treatment plant in the U.K.


    Austrian Lenzing Group is investing roughly €23.3 million to build a new wastewater treatment plant at its site in Grimsby, England. The investment is part of the company’s plans to reduce wastewater emissions by 20 percent by 2022 (against a 2014 baseline). Once it has implemented this project, Lenzing ...

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    German specialty bike manufacturer Hase Bikes expands and modernizes production


    Due to strong growth in recent years, German Hase Bikes is investing in a new building, giving the specialty bike manufacturer (recumbent trikes, step tandems and cargo bikes, including “e”), which has also made a name for itself in the rehab sector, the opportunity to reorganize production. The ...

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    Pierer Mobility and Maxcom join forces for new e-bike factory


    On July 21, Austria’s Pierer Mobility AG and Bulgaria’s largest bicycle manufacturer Maxcom Ltd. announced the establishment of a joint venture in which each party will hold a 50 percent stake. With an investment of €40 million, this joint venture will develop a state-of-the-art e-bike production facility in ...

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    Nextil to open new textile production facility in Guatemala


    Madrid-based textile group Nextil , which is primarily focused on the production of sustainable fabrics and garments, announced that it will invest €40 million in a new fabric production plant in Guatemala, which it says is “one of the largest elastic fabric production plants in the world.” The 25,000-square-meter facility ...

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    DDK Group increases production capacity with new factories in Vietnam


    Like all Asian manufacturers, the Taiwanese bike saddle manufacturer DDK Group has been overwhelmed by much higher production demand than expected. Not only is DDK’s factory in Changhua, Taiwan, running at full capacity, but the group’s factories in Nantong, China, and in Thủ Dầu Một, Vietnam, are also overloaded. ...

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    ​Cake to open factory near Stockholm


    Source: Cake Stefan Ytterborn Cake , the Swedish manufacturer of lightweight electric motorcycles and a member of the Scandinavian Outdoor Group ( SOG ), announced the opening of its new factory in Albyberg, Sweden. In line with its mission to inspire society towards a ...

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    News briefs

    ​La Passione successfully closes another funding round


    Italian DTC cycling apparel brand La Passione Cycling Couture ( La Passione Srl ), founded in 2015, has raised €7 million in another round of financing. This cash injection comes partially from existing investors – Milano Investment Partner ( MIP ), Club Italia Investimenti 2 , Club Digitale ...

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    Keen opens factory in the Dominican Republic


    The Portland, Oregon-based footwear brand Keen announced the opening of a sandal-focused factory in the Dominican Republic with 5,100 square meters of manufacturing space. The plant, located in Santiago, will produce the company’s footwear, led by the Newport H2 sandal. It will have an initial annual capacity of 500,000 ...

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    Pomoca builds new headquarters and production site


    Pomoca , a specialist in ski mountaineering skins and part of the Oberalp Group since 2011, is building new headquarters in Chavornay, about 25 km north of its current production and administration site in Denges, near Lausanne, Switzerland. According to a company statement, production at the current site has ...

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    New Canadian brand norda launches seamless trail running shoe made of bio-based Dyneema


    norda™ , a young Canadian running shoe brand, introduced the first seamless trail running shoe made from bio-based Dyneema® fiber. norda was “founded with a mission to empower athletes to reach their highest potential through innovation and cutting-edge technology” and is the brainchild of Willamina ...

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    Shimano with new factory in Singapore, new machines in Japan


    A few weeks ago, Japanese bicycle component manufacturer Shimano Inc. had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery in Japan. All this is being done with ...

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    Pierer Mobility reports strong two-wheeler sales in the first half of the year


    With total sales of 176,045 motorcycles and 53,378 e-bikes and bicycles worldwide, Austrian two-wheeler giant Pierer Mobility AG has closed the first half of 2021 on a strong note. While the motorcycle sales under the KTM , Husqvarna and GasGas brand names almost doubled with an ...

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    Portugal officially inaugurates Europe’s first large-scale carbon frame factory


    Led by Portugal’s minister of state for the economy and digital transformation, Pedro Siza Vieira , Carbon Team ’s new production facilities were officially inaugurated on July 9 in Camoia, in the Portuguese municipality of Vouzela. Carbon Team is the first European automated carbon bicycle frame factory outside Asia. Hardtail ...

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    VF brands get high marks for transparency


    Three VF Corp brands – The North Face , Timberland and Vans - ranked high in the 2021 Fashion Transparency Index published by Fashion Revolution , a global activist movement that is pushing for greater disclosure in fashion supply chains, warning that progress in transparency ...

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    Kathmandu group issues profit warning


    The new Covid-related retail lockdowns in Australia have negatively affected the profitability of Kathmandu Holdings . Its guidance for the financial year ending July 31 has been reduced to underlying Ebitda of 120 million New Zealand dollars (€71.3m-$84.1m) on revenues of NZ$ 930 million (€552m-$651m), which would compare with Ebitda ...

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    Gruppo sets course for the future with new majority shareholder and CEO


    U.S. investor Asobi Ventures Inc. has acquired a majority stake in Italy’s Gruppo Srl , the parent company of bicycle manufacturer Cinelli and (bicycle frame) tube producer Columbus . Further details of the transaction were not disclosed. At the same time, Gruppo has appointed Marcello Segato as ...

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    The Renewal Workshop closes $6 million investment round


    Secondhand solutions specialist The Renewal Workshop ( TRW ), a B Corp headquartered in Cascade Locks, Oregon, with offices in Amsterdam, has secured $6 million following a successful funding round from investors including Rubio Ventures , Shift Invest , Quadia , Closed Loop Partners , Fashion for Good ...

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    Infinited raises €30 million, Adidas among new investors


    Finnish circular textile technology company Infinited Fiber Company , which just signed a multi-year distribution agreement for its regenerated textile fiber called Infinna with Patagonia , has secured investments totaling €30 million in its latest financing round closed on June 30. The round also brought Infinited new investors, including ...