All Corporate articles

  • News briefs

    Rapala VMC completed buy-back of its own shares

    2021-05-13T10:27:00Z

    Rapala VMC Corp. communicated on March 25 that its board had decided to start buying back a maximum of 100,000 of Rapala VMC’s own shares, with a maximum of €700,000. The buy-back of its own shares started on April 1st and ended on May 10. During this period, the ...

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    Article

    Construction starts on new Kettler Alu-Rad e-bike factory in Germany

    2021-05-11T07:25:00Z

    Kettler Alu-Rad , a member of Europe’s leading bicycle purchasing cooperative Zweirad-Einkaufs-Genossenschaft ( ZEG ), is beginning with the construction of a new production facility in the German state of Saarland. As early as the first quarter of 2022, the first e-bikes are expected to roll off the production ...

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    Article

    A.S. Adventure Group becomes Yonderland as it completes its refinancing

    2021-05-10T16:07:00Z

    The A.S. Adventure Group is changing its name to Yonderland as it completes a financial reorganization under which its bank lenders have acquired a minority stake in the company. In addition to rescheduling its debt, it will also receive a capital injection of €25 million to support its ...

  • News briefs

    SRAM rewards shareholders after strong year

    2021-05-09T07:25:00Z

    SRAM , the private maker of bicycle components, plans to issue a $1.1 billion term loan to finance a special distribution of $750 million to its shareholders, after a banner year in which its sales jumped to $974 million, thanks to the recent bike boom. The rest of the proceeds ...

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    VF is splitting up Icebreaker, laying off up to 50

    2021-05-07T16:12:00Z

    Four years after acquiring the New Zealander brand of merino-wool apparel, VF Corp. will be splitting Icebreaker into three entities, according to reports in the NZ Herald . Two of these entities will be operating out of the present headquarters, in the city of Ponsonby, and the other ...

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    News briefs

    Salomon unveils details of its restructuring plan

    2021-05-07T15:05:00Z

    Salomon ’s management, led by CEO Jean-Marc Pambet , presented details of its restructuring plan to the company’s Social and Economic Committee (CSE) on May 3. The plan envisages cutting 82 jobs out of 738 at the company’s facility in Annecy, in France’s southeast. The cuts are mostly due to ...

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    News briefs

    Derby Cycle becomes Kalkhoff

    2021-05-07T14:37:00Z

    The German bicycle manufacturer Derby Cycle , part of the Dutch Pon Bike Group ( PBG ; with brands Cervélo , Focus , Faraday , Juliana , Kalkhoff , Santa Cruz and others), will operate under the Kalkhoff brand name in the future. In addition, the historic Kalkhoff ...

  • News briefs

    On Running said to be eyeing IPO again

    2021-05-06T07:28:00Z

    On , the Zurich-based sports brand backed by Roger Federer , publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations ...

  • News briefs

    ​Aquapac invests in growth during lockdown

    2021-05-06T06:54:00Z

    U.K. outdoor and watersports accessories brand Aquapac has reported strong sales performance in the last nine months. The best performance in the first half of the fiscal year in four years is attributed to investment in new products, a new marketing manager and the Covid-19 pandemic, which is bringing ...

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    News briefs

    Rose Bikes sets course for the future with new production hall

    2021-05-05T05:36:00Z

    German DTC bicycle supplier Rose Bikes is opening a new production hall in its hometown of Bocholt. This represents not only expanded production capacity but also reorganized logistics and additional regional employment. According to the family-owned company, there is room for an additional 120 jobs here. Currently, Rose Bikes ...

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    News briefs

    Didriksons presents new brand logo

    2021-05-04T08:16:00Z

    Swedish brand Didriksons presents a new brand logo designed by the Swedish advertising agency The Bond . The new logo will be seen on the new styles of the Fall/Winter 21 collection and is derived from simplified angles found in the profile of a jacket, resembling an arrow pointing ...

  • News briefs

    Safilo with new board of directors

    2021-04-30T09:27:00Z

    Safilo Group ’s shareholders approved on April 29 the company’s accounts for the 2020 financial year and appointed a new board of directors, increasing its composition from 9 to 10 members. Elected board members proposed by Multibrands Italy , an entity controlled by HAL Holding that holds 49.84 percent ...

  • STORCK Studio Cycling Friends in Kapstadt, Südafrika
    News briefs

    Storck Bicycle and Cycling Friends take off in South Africa

    2021-04-28T12:57:00Z

    Together with South African cycling tour operator Cycling Friends , German premium bicycle supplier Storck Bicycle opened the Storck Studio Cycling Friends in April. The man behind the tour operator ( www.cycling-friends.com ) is Stefan Lohwasser , the father of Storck Bicycle’s managing director, Dr. Todor Lohwasser ...

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    Article

    Mavic Group 2021 overview includes clear roadmap for the future

    2021-04-26T14:21:00Z

    After last year’s insolvency of French bicycle component manufacturer Mavic SAS and its acquisition by Bourrelier Group , things remained quiet at first, at least on the surface. Now, at the unveiling of its latest product line on April 24, the newly formed Mavic Group gave a closer ...

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    KTM Fahrrad announces several strategic investments

    2021-04-23T07:38:00Z

    Austria’s leading bicycle manufacturer, KTM Fahrrad , is considered one of the European pedelec pioneers and the largest location for electric mobility in its home country. For this purpose, the domestic market leader now even self-generates electricity. To ensure high product quality under the “Made in Austria” seal, all investments ...

  • News briefs

    Anta’s controlling shareholder plans to divest a 3.3% stake in the company

    2021-04-23T05:37:00Z

    Anta International Group Holdings has agreed to sell a stake of approximately 3.26 percent in Anta Sports Products , of which it is the controlling shareholder, according to a company announcement dated April 21. The sale of 88 million shares in the company for HK$11.57 billion (€1.24bn-$1.49bn) will reduce ...

  • News briefs

    ​WeSports acquires D2C bike brand Rawbike

    2021-04-22T07:57:00Z

    WeSports , a Stockholm-based group of individual sports, outdoor and mobility companies that operates online as well as physical stores and product brands, has completed the acquisition of Rawbike Scandinavia AB , a Swedish micro-mobility pioneer. The acquisition further strengthens WeSports’ presence within the e-mobility segment and will support Rawbike ...

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    Article

    Moody’s upgrades outlook for Amer Sports

    2021-04-21T07:14:00Z

    Providing some interesting figures on Amer Sports ’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to ...

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    Article

    Two new RTE bike factories, new target groups

    2021-04-16T10:49:00Z

    In addition to the foundation of RTE Poland , previously communicated in our sister publication SGI Europe , the bicycle manufacturer RTE is also expanding its activities at its headquarters in Portugal. A new e-bike factory is already in the final stages. The new factory, which will operate under ...

  • News briefs

    Chamatex acquires Toptex Cube

    2021-04-15T13:08:00Z

    Chamatex , the French textile manufacturer based in the Ardèche department, has become a majority shareholder in Toptex 3 (Toptex Cube) , another French firm specializing in the production of technical clothing and luggage for the sports, luxury and health sectors through innovative assembly processes. Toptex Cube was founded ...