All Corporate articles

  • Alpine Group
    News briefs

    Alpine Group joins Fashion for Good


    Apparel manufacturer Alpine Group, supplier of brands including Sweaty Betty, The North Face and Under Armour has joined Fashion for Good as an affiliate innovation partner. The two organizations aim to explore and support the commercialization of technologies that reduce environmental impact. One main topic of the partnership is the ...

  • Red_Chili_Edelrid_Logo
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    Red Chili brand without Hofstädter and Glowacz


    With the start of the new year, Edelrid has taken over all responsibilities for the climbing equipment brand Red Chili from Stefan Glowacz and Uwe Hofstädter. The company was founded by the two German climbers in 1996 and is part of the Edelrid group since 2017 (as reported in OIC). ...

  • Sourcemap_Logo
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    Amer Sports pioneers with Sourcemap’s new traceability software


    SaaS-provider Sourcemap has announced that Amer Sports, the parent company of Arc’teryx, Salomon and Wilson, among others, will be the first customer to utilize the software for products made with cotton and viscose. After the U.S., legislation like the Uyghur Forced Labor Prevention Act (UFLPA) forced importers to irrefutably prove ...

  • vista_outdoor_logo_kopie_8
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    Vista creates action sports division under outdoor umbrella, led by Fox Racing president


    According to Shop Eat Surf, Jeff McGuane, president of Fox Racing, has been promoted at Vista Outdoor to lead a restructured Action Sports division, which includes Fox Racing, Bell, Giro, Blackburn, Krash, Copilot and Raskullz. Vista Outdoor acquired Fox Racing in August 2022. According to the same media source, McGuane’s ...

  • logo-alpkit-2
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    Alpkit raises £1.5 million in funding


    Alpkit, the British outdoor and cycling brand and retailer, has secured £1.5m (€1.7m) from the Midlands Engine Investment Fund (MEIF). The new funding will help it strengthen seasonal inventory acquisition and product development in the footwear and e-bike lines. It will also enable the company to take over its bike ...

  • Bildschirmfoto 2023-01-24 um 10.07.49
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    Norrøna acquires travel specialist and expands into international tourism


    After acquiring the local tourism operator Hvitserk of Norway in 2020, Norrøna has now also acquired the global adventure tourism company Hvitserk & Eventyrreiser AS, which was founded in the 1970s. Hvitserk & Eventyrreiser offers trips to 50 countries all over the globe. Following the transaction, the company, now operating ...

  • Newell_Brands_logo
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    Newell Brands sets restructuring plan, 13% of workforce lose jobs


    Newell Brands, the consumer goods company that features Marmot, Coleman, Campingaz and Contigo in its portfolio of brands, is consolidating its five operating segments into three and eliminating approximately 13 percent of its office workforce headcount this year. The total cost of the actions is pegged at $100 to $130 ...

  • Velio_Logo
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    E-com start-up Velio offers refurbished bikes and e-bikes, expands into Austria


    In its online shop for refurbished bikes and e-bikes, German start-up Velio wants to offer a higher quality alternative to private used gear marketplaces. Velio sells secondhand bikes and e-bikes that are overhauled at the company’s workshop in Cologne. All bikes come with a 12-month guarantee and can also be ...

  • ACAI
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    Acai Outdoorwear secures £3 million investment


    Womenswear brand Acai Outdoorwear has secured a £3 million (€3.4 million) investment from Growth Partner, a consumer-focused investment firm that is backed by HomeServe founder and chief executive Richard Harpin. Acai’s investors since October 2019, DSW Ventures, will be exiting as part of the deal. In addition, James Worrall, investment ...

  • Ecovative_Lambert Spawn
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    Ecovative acquires Netherlands-based Lambert Spawn Europa


    New York-based mycelium technology company Ecovative has acquired Lambert Spawn Europa B.V., a mushroom spawn production facility in the Netherlands, from a subsidiary of Pennsylvania-based Lambert Spawn Co. Ecovative works with partners throughout the textiles, food and packaging industries. The acquisition allows Ecovative to integrate a major source of ...

  • Specialized_red_S_black_logotype
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    Specialized gets rid of 8 percent of its global workforce


    Specialized CEO Scott Maguire officially announced on Jan. 11 that the company has laid off 8 percent of its employees worldwide. According to the U.S. bicycle company, the downsizing of the team is rooted in the global economy, which is changing faster than anticipated, and in rapid changes within cycling. ...

  • Solo

    Solo Brands eyes deeper assortments with wholesale partners


    The publicly traded Grapevine, TX company, which owns four businesses led by its Solo Stove unit, has a Direct-To-Consumer to Wholesale ratio of 85 to 15, a percentage that is likely to persist given Solo’s extreme focus on its relationship with customers. But Solo has a new partnership with warehouse ...

  • Woom
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    Jebsen Group invests in Woom


    Hong Kong-based Jebsen Group has invested in Austrian children’s bicycle supplier Woom. The Jebsen Group shares acquisition is via the family-run trading and logistics company’s investment arm, Jebsen Capital. While no information was given on the exact amount of the Woom minority stake Jebsen now holds, it was noted that ...

  • didriksons_logo_rgb_black_left_primary_3840px
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    Didriksons expands into business outerwear


    Source: Didriksons Still a jacket, but clearly fashion: The Alvina w’s coat for SS2023 The Swedish brand Didriksons enters the business fashion market with a new range of women’s business-focused jackets and coats. The collection is centered around a classic trench coat and will be available end ...

  • renewcell-og-image
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    ​Renewcell begins shipping from new plant in Sundsvall


    Swedish textile recycler Renewcell has announced that it has shipped its first batch of dissolving pulp produced at its new factory in Sundsvall, Sweden, to a customer. The new facility, which started up in November, adds to the other Renewcell plant in Kristinehamn, west of Stockholm. Also in November of ...

  • VF_Portrait_HiRes-M.A
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    VF announces new appointments to TNF leadership team and more


    Source: VF Mariano Alonso VF Corporation has announced new appointments to its leadership team in the EMEA region, including for The North Face (TNF), effective Jan. 31. Mariano Alonso — current general manager of Timberland EMEA — will be the new general manager of TNF EMEA. The ...

  • Helen of Troy_Logo

    Helen of Troy making three organizational changes


    Helen of Troy, the parent of Osprey and Hydro Flask, is undergoing three organizational changes and shrinking its global workforce by about 10 percent, with most staff reductions completed before March 1. Most notably, the group has decided to merge its Health & Wellness and Beauty segments, centralize its global ...

  • Cycle UnionProphete

    German bicycle manufacturer Prophete files for insolvency proceedings


    On Dec. 20, the renowned German bicycle manufacturer Prophete GmbH & Co. KG filed a petition to open insolvency proceedings (file number 43 IN 777/22). The court appointed Manuel Sack of nationwide law firm Brinkmann & Partner as Prophete’s provisional insolvency administrator. Between Dec. 20 and 23, the following entities ...

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    Oberalp Group begins construction of new Pomoca headquarters


    Source: Oberalp Group Artistic illustration of the new production facility of Pomoca The South Tyrol-based Oberalp Group has laid the foundation stone for the new production facility of its Pomoca brand. The new headquarters are now under construction at the foot of Mount Suchet in Chavornay (Vaud), ...

  • Patagonia-Logo
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    Patagonia announces christmas period closures and paid holidays for staff


    Patagonia CEO Ryan Gellert announced on LinkedIn that all Patagonia stores, warehouses and offices in the U.S. and Canada would be closed from Dec. 25, 2022, through to Jan. 1, 2023, with staff given paid time off because ”we believe in providing quality of life for our people.” The brand ...