All Corporate articles – Page 10
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ArticleCreditor protection filing: VanMoof is granted payment suspension
On July 13, Dutch Bankruptcy File (FaillissementsDossier) reported that the responsible district court in Amsterdam has officially granted VanMoof Global Holding B.V. a temporary suspension of payments. The Dutch DTC provider of e-commuter bicycles, reportedly struggling with financial constraints for some time, had filed a corresponding petition on July 12. ...
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ArticleRad Power Bikes withdraws from the European market
On July 10, Rad Power Bikes Inc. announced on its European website that it would withdraw completely from Europe and focus entirely on North America in the future: “We are sad to say goodbye.” This is a radical shift in course for the largest US B2C e-bike provider. According to ...
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Article100 years of Lowa: Another record year and the search for new target groups
With the company now being in its 100th year, we talk to Lowa CEO Alexander Nicolai about expanding capacity, new segments and sustainability strategies.
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News briefsKMD Brands updates full-year outlook
KMD Brands, the New Zealand parent of Oboz, Kathmandu, and Rip Curl, says it’s on track to reach full-year sales of NZ$1.1 billion (€619.7m) for the 12 months ending July 31. FY gross margin is forecast to be on par with the prior year, and Ebitda is forecast at NZ$105 ...
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News briefsKodak opens a textile test facility
Kodak has announced the opening of a textile test facility in the company’s Eastman Business Park in Rochester, New York. The facility will provide a wide range of testing services for use by textile developers, manufacturers and academic institutions to assess specific performance attributes and properties of fabrics. The new ...
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News briefsIs TSG looking to divest Backcountry.com?
TSG Consumer Partners, a private equity firm based in San Francisco, California, is considering options for Backcountry, including a sale of the online outdoor gear and ski apparel retailer, according to Bloomberg News. Backcountry was founded in 1996 in a garage in Park City, Utah. The company sells gear for ...
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ArticleRebike Mobility with strong growth in the 1st half of 2023
The bicycle and e-bike market is facing a fundamental change. The ongoing professionalization of the used market, availability of young used bikes from the popular service bike leasing contracts as well as the longevity of premium e-bikes are positively boosting the second-hand market and promoting circular business models. This is ...
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News briefsHunter insolvent, new Wellies expected under Authentic
Scottish company Hunter Boots, known for its original Wellington boot, went into administration in the UK on June 5 and changed its name to HBL Realisations Limited on June 14. U.S.-based Authentic Brands Group announced June 2 that it had acquired Hunter’s intellectual property. Documents filed by the company’s administrator, ...
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ArticleDimpora CEO Mario Stucki: “We make a membrane in a way no one else does”
A membrane that is waterproof, windproof, breathable, PFAS-free, biodegradable and recyclable. The science is already here. Dimpora’s CEO explains.
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News briefsOberalp opens Milan showroom
The Oberalp Group, the owner of Salewa, Dynafit and other mountain brands, has opened a new showroom in Milan. Located at Open336 in Viale Sarca 336, the 1,000-square-meter space, which also houses the group’s offices, reportedly represents an investment of more than €500,000. Headquartered in Bolzano, Italy, the Oberalp Group ...
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ArticleVDL Groep starts aluminum frame production in the Netherlands
In addition to mobility company Pon Holdings B.V., which is already well established in the bicycle market with its Pon.Bike division, a second family-owned Dutch industrial group is now preparing to focus specifically on bicycles. On June 5, Eindhoven-based VDL Groep, which has close ties to the automotive industry, announced ...
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ArticleMycelium manufacturer raises over $30 million for global distribution
Ecovative Design LLC, a U.S. biological science and design company advancing mycelium technology to transform the industry with high-value, environmentally friendly materials, announced the initial closing of a Series E round of more than $30 million. $15 million of that will be reinvested in MyForest Foods Co, a subsidiary formed ...
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News briefsNew Lenzing process to eliminate discoloration from fibers
Lenzing has introduced a new processing solution to mitigate the discoloration and yellowing of seamless and light-colored cellulosic garments due to high-temperature heating. Discoloring and yellowing caused by high-temperature molding have traditionally been an issue during the garment production process. Lenzing’s proprietary solution is described as “the first in the ...
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News briefsNorrøna moves into the Norrøna House
Norwegian outdoor brand Norrøna started moving into its new offices at the Norrøna House. Originally built in 1862, the 3,000-sqm remodeled building features not only corporate offices but also an indoor climbing gym, modern event spaces, gastronomy and the brand’s largest flagship store to date. Located right by the river ...
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News briefsStar investors for the All in Biking app
Spanish tennis players David Ferrer and Juan Carlos Ferrero and former Moto GP racer Sete Gibernau have invested in All in Biking. Headquartered in Alicante, Spain, All in Biking was founded in November 2021 by José Julio Becerril and Juan Antonio Cano. Through the All in Biking app, users can ...
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News briefsFormer Gymshark CEO backs UK-based responsible outdoor brand
The UK’s responsibility-driven outdoor brand Passenger has formed partnerships with consumer-specialist investment firm Growth Partner and former Gymshark CEO Steve Hewitt to drive international growth. Growth Partner, which is backed by Chairman Richard Harpin, has invested £15 million (€17.2m) to acquire a minority stake, whilst Hewitt has also invested alongside ...
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News briefsLenzing and textile machinery supplier Karl Mayer announce partnership
Karl Mayer Group, a German supplier of textile machinery, and Lenzing Group, the Austrian manufacturer of wood-based specialty fibers, have entered into a strategic partnership to create a more environmentally friendly textile value chain. The collaboration is intended to increase the proportion of plant-based, biodegradable and fossil-free materials used in ...
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ArticlePrimus and Silva with joint sales subsidiary for Germany, Austria
After Silva Sweden AB acquired 100 percent of the shares in Primus AB from Fenix Outdoor AB on April 28, 2023, the two Swedish outdoor brands are operating as one company under the name Primus-Silva Sweden AB. For the German and Austrian markets, Primus-Silva Sweden AB is now establishing a ...
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News briefsHelinox opens new creative center in Tokyo
Helinox, the maker of lightweight, packable outdoor furniture, recently opened its new Helinox Creative Center (HCC) Tokyo. Located in the Harajuku district and celebrating the brand’s 10th anniversary in Japan, HCC Tokyo is the first Helinox flagship location outside its home country of South Korea. HCC Busan, South Korea, opened ...
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ArticleBleed fears business shutdown, attempts rescue via transparency and community support
Source: Bleed Founder and CEO Michael Spitzbart would like to save his company. Bleed, the sustainable outdoor label from southern Germany, should be celebrating its 15th anniversary this year. However, in an open letter/video on the brand’s website and Social Media (German-language video below), founder and CEO ...
