All Corporate articles

  • News briefs

    Montane with new country manager and PR agency for the U.S.


    British outdoor apparel brand Montane has announced a new brand initiative for the U.S. market. Effective immediately, industry veteran Mike Downing of Boulder, Colorado, will assume the role of country manager for the U.S., overseeing all wholesale, professional and direct sales for Montane’s apparel and gear collection. Downing will work ...

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    News briefs

    Signa Sports United collects more funds


    The Wall Street Journal reports that Saudi Arabia’s Public Investment Fund is about to make a major investment in Signa Sports United (SSU), the big operator of online stores based in Berlin, which indicated four months ago its intention to go public. It would join other investors including Abu Dhabi’s ...

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    Major investment in Portuguese bicycle production for the EU market


    The Portuguese bicycle industry association ABIMOTA has unveiled a major project with a planned total investment volume of over €258 million, through which Europe’s leading bicycle production intends not only to strengthen but also to expand its role. Plans also call for creating a technology center as a hub for ...

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    News briefs

    Full Tilt brand will be dropped, product to be integrated in K2 Skis boot collection


    Seattle-based K2 Sports announces its plans to integrate the Full Tilt collection of ski boots into the K2 product line, effective for the 2022/2023 ski season. Founded in 2006 under K2 Sports, the Full Tilt brand has been known for its three-piece ski boot technology, the choice of top pros ...

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    News briefs

    Uvex Group builds new logistics and service center


    With a symbolic groundbreaking ceremony on Sept. 27, the Uvex Group gave the starting signal for the construction of the new, modern and sustainable logistics and service center in Rednitzhembach, Germany. The building, which has been pre-certified by the German Sustainable Building Council (DGNB), will begin to take shape in ...

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    Listed majority owner of Bikeleasing-Service renamed


    On June 16, German technology group Brockhaus Capital Management AG (BCM), which has only been traded on the stock exchange since July 2020, signed a purchase agreement to acquire a majority stake in Bikeleasing-Service GmbH & Co. KG (BLS), “a leading digital B2B platform for the highly automated brokerage and ...

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    News briefs

    Swiss e-bike pioneer Flyer takes off in North America


    Like the German mountain bike manufacturer Propain Bicycles, Swiss e-bike pioneer Flyer AG, part of Europe’s largest bicycle buying group ZEG (Germany), is also using this year’s U.S. bicycle festival Sea Otter Classic in Monterey, California (Oct. 7-10), to enter the U.S. market. Flyer is not only eyeing the ...

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    News briefs

    Propain Bicycles goes America


    German niche D2C brand Propain Bicycles (custom handcrafted mountain bikes) is using the 2021 Sea Otter Classic U.S. bicycle festival in Monterey, California, which has been moved from its traditional May date to Oct. 7-10, to introduce itself along with its newly formed subsidiary Propain Bicycles USA. With this move, ...

  • News briefs

    Amer plans to upgrade its distribution center in Utah


    Amer Sports is reportedly offering to invest $30 million to upgrade its U.S. operations in Ogden, Utah, creating between 100 and 155 new jobs over ten years, in exchange for various local and state tax incentives worth a total of $4.08 million. The investments would include a budget of $2.46 ...

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    News briefs

    Cake closes $60 million fundraising for future growth


    Stockholm, Sweden-based SOG member Cake reported that its latest financing round of $60 million – $14 million in convertible bonds and $46 million in financing – exceeded expectations. The round was anchored by Swedish pension fund AMF, investing alongside a handful of new investors and with support from current shareholders ...

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    News briefs

    Vittoria Group doubles LTT production capacity with $20 million investment


    With an investment of $20 million, Italian bicycle tire manufacturer Vittoria S.p.A. plans to double the production capacity of its manufacturer Lion Tyres (Thailand) Co. (LTT). The new factory will not only increase capacity, but also create “the world’s first carbon-neutral production facility for bicycle tires,” according to the company. ...

  • News briefs

    Welsh women’s outdoor brand ACAI expands internationally


    Welsh women’s outdoor brand ACAI is on track to double its sales to £6 million (€7.0m-$8.2m) and export to international markets with the help of a £500,000 (€585,000-$686,000) loan from the Development Bank of Wales, reports The brand was founded in 2017 by Joe and Kasia Bromley and offers ...

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    For one-time bonus payment: Bike24 starts share buyback


    German e-commerce cycling, running and swimming sports retailer Bike24 Holding AG has been trading on the stock exchange floor since the end of June 2021. The company’s shares, which once launched with a purchase price of just €15 and then often moved up, but also sometimes down, were well up ...

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    News briefs

    DTC e-bike brand Cowboy heads to the U.S.


    DTC e-bike brand Cowboy announced on Sept. 23 at the Micromobility America Conference in San Francisco that it is expanding its business to the U.S. At the same time, the Belgian brand is expanding in Europe: the addition of Sweden and Denmark brings the number of served country markets to ...

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    News briefs

    Strong growth for Haglöfs


    Swedish outdoor brand Haglöfs reported a 26 percent sales increase during the first half of 2021 compared to the same period last year. The strong performance is related to well-received product lines and overall higher demand for high-quality outdoor equipment, according to CEO Fredrik Ohlsson. “We had a very strong ...

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    Mondraker with new headquarter in Spain


    Spanish premium bicycle supplier Mondraker has moved into its new headquarters in Elche, 30 kilometers southwest of Alicante. The new building combines everything under one roof - all departments, offices and also production are located close to each other. According to the company, this creates synergies and increases efficiency. However, ...

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    News briefs

    ASF 4.0 shoe factory starts production in France


    One year after laying the foundation stone and despite the pandemic, the Advanced Shoe Factory 4.0 (ASF 4.0) in Ardoix, in the heart of the Auvergne-Rhône-Alpes region of France, started up its automated production facility for sports footwear on Sept. 16. ASF 4.0 is a subsidiary of textile specialist Chamatex ...

  • News briefs

    Canada Goose launches automatic share repurchase scheme


    Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...

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    News briefs

    On runs to New York Stock Exchange to go public


    Source: On Running On runs to NYSE 100 runners, along with the founders of On, David Allemann, Caspar Coppetti and Oliver Bernhard, and co-CEOs Martin Hoffmann and Marc Maurer ran alongside the Hudson River and over to Wall Street on the morning of Sept. 15 to ring ...

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    News briefs

    Swiss Revolt Zycling revives MTB Cycletech brand


    The legal battle over the trademark rights to the MTB Cycletech brand name between former longtime Velobaze CEO George Merachtsakis (who left the company in April 2020) and the Velobaze team led by CEO Sebastian Marten and CFO Michael Läuppi could not be settled when MTB Cycletech parent company Velobaze ...