All Corporate articles

  • News briefs

    Wolverine gets Standard & Poor’s upgrade

    2021-03-01T10:48:00Z

    Standard Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repaid a $171 million, 364-day loan contracted because of the coronavirus pandemic and ...

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    News briefs

    Jack Wolfskin celebrates 40th anniversary

    2021-02-26T15:56:00Z

    The German outdoor brand Jack Wolfskin , owned by the U.S. company Callaway Golf since the beginning of 2019, is celebrating its 40th anniversary in 2021. To mark the occasion, protagonists as well as customers will be featured throughout the year on www.jack-wolfskin.com/40years , who have shaped and accompanied ...

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    News briefs

    Bafang invests in subsidiary for battery pack production in Suzhou

    2021-02-26T14:35:00Z

    China’s e-bike powerhouse Bafang Electric has just invested in a new subsidiary in its hometown of Suzhou to ensure timely delivery and compatibility of battery packs with Bafang’s products. As a result, the company’s board of directors has decided to establish its third wholly-owned subsidiary, Bafang New Energy ...

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    News briefs

    Möve Bikes files for insolvency, search for investors in full swing

    2021-02-26T08:55:00Z

    German bike manufacturer Möve Bikes filed for insolvency on Feb. 5. Attorney Marcello Di Stefano of the Erfurt-based law firm Diligens Rechtsanwälte Insolvenzverwalter was appointed as provisional insolvency administrator. Business operations are currently continuing, and employees’ salaries have been secured through the advance financing of ...

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    Article

    Ampler Bikes continues to expand after doubling sales in 2020

    2021-02-25T10:37:00Z

    After doubling its sales last year, young B2C e-bike company Ampler Bikes is looking to simultaneously expand into other national markets this year while maintaining a high growth rate in Germany (currently the company’s most important market). For 2021, the Estonians have their sights set on Switzerland and the ...

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    News briefs

    Wayne Edy buys back Inov-8 from Descente

    2021-02-25T07:12:00Z

    Wayne Edy is back at the helm of Inov-8 , the British footwear, apparel and equipment brand he founded in 2003. As the company prepares to launch a new graphene-based running shoe, Edy reportedly already bought back the 80 percent stake in the company last year that he sold ...

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    News briefs

    Garmin opens manufacturing facility in Wroclaw, Poland

    2021-02-23T11:24:00Z

    Garmin has opened a new manufacturing and distribution facility in Wroclaw, Poland, to serve automotive and CE customers throughout Europe. The BREEAM (Building Research Establishment Environmental Assessment Method) certified facility includes nearly 30,000 square feet of state-of-the-art manufacturing and distribution space dedicated to the production and supply of infotainment ...

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    Article

    Volkswagen enters bicycle leasing and financing business

    2021-02-22T09:00:00Z

    On February 18, Volkswagen Financial Services , a wholly-owned subsidiary of German automaker Volkswagen ( VW ), announced an expansion of its broad range of mobility services to include leasing and financing of bicycles and e-bikes. The new business will be generated through VW Volkswagen Financial Services’ investment in ...

  • News briefs

    Moody’s responds positively to Vista’s $500m debt offering

    2021-02-21T17:47:00Z

    Moody’s has upgraded the rating of Vista Outdoor ’s new senior unsecured notes from B2 to B3 after the company expanded their offering from $350 million to $500 million in response to strong demand from the financial community. The new notes will bear an interest of 4.500 percent and ...

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    Article

    Niche e-bike brand Nox Cycles launches crowdfunding campaign

    2021-02-19T14:30:00Z

    German-Austrian bike brand Nox Cycles , which set its course towards e-bikes in 2015 and founded Nox Cycles Austria GmbH based in Zillertal two years later, is currently attracting attention. Last year saw the launch of the construction of “Fort Nox”, a state-of-the-art, sustainable and resource-saving administration and production ...

  • News briefs

    Decathlon plans to produce bicycles in Romania

    2021-02-18T09:51:00Z

    The cycling boom has prompted Decathlon , a major player in the segment with its private-label lines, to increase its production capacity in Europe. While expanding production in France and Portugal, the company is working with a partner in Romania, Sport Mechanical Workshop , to build a new factory near ...

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    Article

    Haglöfs reports stable sales in 2020

    2021-02-15T15:33:00Z

    Despite the prevailing pandemic and turbulent market conditions, Swedish outdoor brand Haglöfs reported that it managed to deliver net sales for 2020 in line with last year’s strong performance. The company did not provide any figures. According to CEO Fredrik Ohlsson , the ability to mitigate the crisis is ...

  • News briefs

    Dorel Group terminates going-private transaction

    2021-02-15T14:35:00Z

    Canadian Dorel Industries has terminated the going-private agreement between itself and an affiliate of funds managed by Cerberus Capital Management as buyer by mutual consent. As a result, the planned going-private transaction is a thing of the past. The agreement provided that the above-mentioned buyer would pay Dorel ...

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    Article

    Delivery problems take their toll on multichannel supplier Rose Bikes

    2021-02-15T12:07:00Z

    After an extremely successful 2020 fiscal year with a 34 percent increase in sales, the Corona pandemic’s economic effects are now hitting German B2C bicycle supplier and retailer Rose Bikes . The Bocholt-based company speaks of a “lack of delivery reliability on the part of Asian component manufacturers. This has ...

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    Article

    VF expands the role of equity in its labor policy

    2021-02-12T17:05:00Z

    In line with its Council to Advance Racial Equity (CARE) and Inclusion, Diversity, Equity and Action (IDEA) initiative, VF Corp. is implementing a number of new measures in its labor policy. “All VF employees will participate in a foundational inclusion and diversity learning journey to ensure they share ...

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    News briefs

    ​New agenda, new board member at ZEG

    2021-02-11T18:20:00Z

    Source: ZEG Fred Schierenbeck In order to continue offering customers high-quality, state-of-the-art products in the future, the supervisory board and management board of Europe’s largest bicycle dealer group and cooperative, ZEG ( Zweirad-Einkaufs-Genossenschaft eG ), have launched a holistic, long-term corporate strategy. An important part ...

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    News briefs

    Pierer and Kiska set up development center for Husqvarna E-Bicycles

    2021-02-10T17:43:00Z

    Europe’s leading motorcycle manufacturer Pierer Mobility , together with its young and wholly-owned e-bike division Pierer E-Bikes (brands Husqvarna E-Bicycles , GasGas and R Raymon ) and Pierer Mobility’s long-time strategic brand development and design partner from Austria, Kiska , is establishing its own development design ...

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    Article

    Brand relaunch for Pyua

    2021-02-10T12:56:00Z

    The German brand Pyua , which has stood for sustainable outdoor clothing since its inception in 2008, has unveiled a new brand identity that is intended to stand even more uncompromisingly for its sustainability mission. For the brand relaunch, Pyua has focused on three principles: Purity, Versatility and, above all, ...

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    News briefs

    Vista Outdoor is one of Forbes’ "Best Midsize Employers in America" for 2021

    2021-02-10T10:11:00Z

    The Forbes list of “America’s Best Employers” for 2021 has named Vista Outdoor , the U.S.-based owner of several ammunition and outdoor sporting brands, including Bell , Giro , Camelbak , Camp Chef and Bushnell Golf , one of “America’s Best Midsize Employers.” The Forbes list was ...

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    Article

    Bike Exchange: IPO on Australian Stock Exchange

    2021-02-09T09:38:00Z

    Source: Bike Exchange The Australian company behind Bike Exchange , Rpro Holdings Limited, went public with its “world’s leading digital bike marketplace.” Since Feb. 9, the marketplace has been listed on the Australian Securities Exchange (ASX) in Sydney under the name Bike Exchange Limited ...