All Corporate articles
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News briefsWolverine Worldwide aims for greater internationality with new license deals
Wolverine Worldwide has inked two new global licensing deals as part of its strategic evolution into a brand-focused growth entity. Vida Shoes International will take on the role of global licensee for Merrell and Saucony kids footwear under the first agreement. This partnership grants Vida rights to these products across ...
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News briefsRevelyst reschedules investor day to early fall
Revelyst, the outdoor segment of Vista Outdoor Inc., has announced that the company will postpone its investor day. The change comes in light of the Vista Outdoor Board of Directors’ recent decision to postpone the date of its planned shareholder vote in connection with its third-party investment in the company. ...
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News briefsDometic awning production returns to Indiana
After moving its manufacturing operations from its Elkhart, Indiana, facility to other locations in North and South America in early 2022, Dometic has now announced that it is bringing production and distribution back to the site. Awning production will resume in May at the plant on Industrial Parkway in Elkhart ...
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ArticleInsolvency administrator secures future of all relevant Internetstores assets
Early on, the appointed insolvency administrator Dr. Christian Gerloff had to realize that he could not find a buyer for the entire package of the insolvent Internetstores GmbH. Following the previously announced sale of the trademark rights and domains of Bikester (for certain European markets) and Fahrrad.de to Fahrrad.de founder ...
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ArticleSnowleader raises €15 million
Thomas Roualt, founder and CEO, has announced on his LinkedIn page that Snowleader has raised €15 million in a fourth round of financing in 15 years (the company turned 15 years old last year). According to Fusacq and others, half of the funds stem from equity capital and half from ...
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ArticleNew CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business
US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...
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OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...
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ArticleCourt lifts Swedish sales ban after Hövding’s bankruptcy - but there's a catch
It’s hard to understand what has been happening in Sweden for several months on Hövding’s back. The company, which had developed and sold a very popular airbag collar for cyclists, had to file for bankruptcy shortly before Christmas because the Swedish Consumer Protection Agency had banned the sale of the ...
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News briefsSwiss Stromer and US bike fintech offer e-bike leasing in the US
Stromer, the Swiss e-bike technology pioneer, has partnered with Colorado-based The Sweet Spot, a bicycle fintech company, to offer long-term e-bike leasing and management in the US. This new leasing option makes Stromer’s premium Class 3 commuter e-bikes accessible to even more riders, supporting the brand’s mission to shape the ...
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News briefsMultiple purchase bids to save Renewcell
The Renewcell bankruptcy trustee has confirmed that “multiple bids” have been made for the business and assets of Swedish textile recycler Re:NewCell AB (Renewcell). The deadline for receiving purchase offers was March 28. These offers will now undergo a review process, with final closing expected in mid-April. The Board ...
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ArticlePolartec’s Eric Yung: Leading the charge in outdoor apparel innovation and sustainability
In this exclusive article, Polartec’s Eric Yung shares his journey within the company, his principles as a leader and his thoughts on the current strength and growth opportunities within the sporting and outdoor goods industries.
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ArticleSamsonite aims for dual listing
Samsonite International S.A., the parent company of Gregory, High Sierra and a number of travel luggage brands, announced that the company’s Board of Directors has authorized management to seek a listing of the company’s shares on a second leading stock exchange in addition to the Hong Kong Stock Exchange. The ...
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ArticleBig trouble looming between Youngone and Scott
Source: Scott Sports Beat Zaugg Shortly before the Easter weekend, the Board of Directors of Scott Sports – with the full support of majority shareholder Youngone Corporation – issued a press release announcing the dismissal of long-serving CEO Beat Zaugg with immediate effect. Youngone presented the financial ...
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ArticleYamaha to start European e-bike drivetrain production in France
On March 26, Yamaha Motor Europe N.V. (YME) and Yamaha Motor Manufacturing Europe S.A.S (YMME) celebrated the inauguration of a completely new production line for e-bike drivetrains at their French plant in Saint Quentin. The facility in Saint Quentin is the production site of the former two-wheeler and engine manufacturer ...
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SponsoredAt Polartec, the future began a long time ago
With the new ”Beyond Begins Today” campaign, Polartec is placing the global future issue of sustainability at the center of all its activities.
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News briefsCanada Goose to reduce workforce
Canada Goose will cut approximately 17 percent of its staff, or 900 jobs, as part of its ongoing transformation program aimed at reducing costs while achieving the company’s strategic goals. As part of the reorganization, Carrie Baker, currently President of Brand and Commercial, will assume responsibility for Design, while Beth ...
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ArticleVista Outdoor’s transformation is moving forward
Vista Outdoor announced that the US Securities and Exchange Commission (SEC) has declared effective the registration statement on Form S-4 filed by its subsidiary Revelyst, Inc. in connection with the proposed acquisition by Czechoslovak Group a.s. (CSG) of Vista’s The Kinetic Group business. The announcement is a key achievement in ...
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ArticleCEO Juha Latvala: Sasta needs to “make more noise”
Finnish brand Sasta is taking outdoor and hunting apparel to the global market.
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News briefsGerman outdoor retailer McTrek files for insolvency again
German retailer McTrek (most recently with 17 stores in Germany) filed for insolvency at the Hanau District Court on March 11. This is the second insolvency in just four years for the outdoor specialist, which has been operating for over 20 years. Following the first insolvency in 2020, the company, ...
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ArticleSpinnova reports disappointing FY, announces new strategy and job cuts
Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff. In 2023, Spinnova generated revenue of €10.6 million, which was ...
