All Corporate articles – Page 17
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ArticleSSU delists from NYSE, new CEO
After assuming earlier this year that the worst of the market disruptions were over, Signa Sports United N.V. (SSU), the Berlin-based sports e-commerce specialist, has now announced an acceleration of its strategic realignment and performance improvement program. Ahead of putting its Q3 numbers on the table, the company is ...
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News briefsBleed wants to become community-based company
The sustainable outdoor brand Bleed from Germany, which ran into economic trouble earlier this year, has turned to its fans and supporters with a new rescue plan. In order to be able to continue operating, the company wants to become a “community-based business.” To this end, the company writes in ...
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News briefsColoreel announces $2m deal to scale production of its sustainable technology
Swedish textile innovation brand Coloreel has announced the signing of a $2 million agreement with “a prominent Asian manufacturer.” The deal has been described as “a significant milestone for Coloreel and its innovative product.” Coloreel has developed a technology for embroidery that enables high-quality coloring of textile thread on demand. ...
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News briefsHuntsman launches new technology collaboration platform
Texas-based chemical company Huntsman Corporation has launched a technology portal to enable collaboration with innovators and manufacturers across the value chain. The cross-divisional initiative aims to facilitate and foster external collaborations by connecting minds and expertise from different sectors with Huntsman to unlock potential business opportunities. “Working with external partners, ...
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News briefsLagoped raises €5.7 million
French outdoor clothing brand Lagoped has announced the completion of a funding round worth €5.7 million. The company raised around €3.2 million from private equity firms HPF and Vox Capital. Christophe Cordonnier, the company’s co-founder with Julien Désecures and Pierre Derieux, has retained a majority stake. In addition, Lagoped obtained ...
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News briefsEddie Bauer revamps CI, aims to get back on international stage
Eddie Bauer has unveiled a strategy to reposition and expand its brand. After outdoor industry veteran Tim Bantle joined the retail company as CEO a year ago, he hinted that he had discovered many missed growth opportunities that now needed to be changed. As a result, the ...
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News briefsUlvang rebrands, changes suppliers and collection
Norwegian wool apparel specialist Ulvang, a brand founded in 1995 and owned by the Brav Group, has undergone a complete rebranding. Since the first week of September, the brand’s website and social media have been reset and now feature a new logo and content. The changes also ...
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News briefsTrerè’s Titici bicycle brand opens US subsidiary
Premium bicycle brand Titici opened its first US subsidiary in Boston, Massachusetts, in August. The brand, under the umbrella of Italian textile supplier Trerè lnnovation (manufacturer of technical apparel brand UYN Sportwear, among others), aims to score points in the US with its road, gravel, mountain and e-bike products. Thanks ...
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ArticleVista Outdoor announces public filing to spin off its outdoor product brands
Vista Outdoor Inc., the parent company of 41 sports and outdoor brands, filed a public registration statement on Form 10 with the Securities and Exchange Commission (SEC) on Sept. 5, 2023, in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, ...
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ArticleKSR Group files for court-supervised restructuring proceedings
Austrian two-wheeler wholesaler and importer KSR Group announced on Sept. 6 that it will file for court-ordered restructuring proceedings. Due to increased energy prices, high inflation and the loss of customers’ purchasing power, the economic situation has changed drastically over the past year in the markets served by the family-owned ...
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News briefsLenzing is completing the conversion and upgrade of its Indonesian site
Lenzing Group, the Austrian manufacturer of wood-based specialty fibers, has announced “significant technical improvements” to its site in Purwakarta, Indonesia. The company has invested more than €100 million since 2021 to convert the location into a supplier of specialty viscose fibers, and the completion of the investment is now imminent, ...
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ArticleReima and Infinited Fiber turn textile waste into high-quality children’s clothing
Uudesti hoodie Reima, the Finnish activewear brand for children, and Infinited Fiber Company, a Finnish technology and fashion company, have teamed up to explore new possibilities for future children’s clothing. As a result of the collaboration, Reima is launching the world’s first children’s hoodie made from innovative ...
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News briefsMaker of custom bike brand Müsing insolvent in self-administration
The German manufacturer of custom bike brand Müsing, Radsportvertrieb Ditmar Bayer GmbH, is in financial difficulties due to a severe drop in sales caused by the challenging times. On Aug. 23, the district court in Montabaur, Germany, officially confirmed the company’s insolvency in self-administration. During the reorganization procedure, business operations ...
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ArticleResale specialist Trove secures $30 million Series E funding
Trove, a leading U.S.-based resale and trade-in company for brands and retailers including Canada Goose, Carhartt, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced $30 million in Series E funding, bringing Trove’s total funding since inception to more than $150 million. The funding round was co-led by Wellington Management and ...
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News briefsSpinnova receives R&D grant to develop waste-based fibers
Finnish biomaterials company Spinnova has received a grant of a maximum of €1.9 million for a product development project from Business Finland, a public organization under the Finnish Ministry of Employment and the Economy, for the period from April 15, 2023, to April 14, 2025. The product development project aims ...
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ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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News briefsCreditors grant continued reconstruction for Swedemount Sportswear & Fashion AB
A meeting on Aug. 6 at Gothenburg District Court has decided that the reorganization of Swedish outdoor clothing company Swedemount Sportswear and Fashion AB should be allowed to continue the three-month period that has already begun. Neither Swedemount’s bank nor the Skatteverket (Swedish Tax Agency), which is by far the ...
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News briefsFishbrain fishing app secures $6 million in new share issue
Fishbrain AB, the Swedish-based developer of a mobile application for anglers, has raised $6 million in funding. The round was led by Swedish venture capital fund Industrifonden, and co-led by Lucerne Capital Management, a US-based equity investment firm with a focus on European markets. The new funding is expected to ...
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ArticleCiclo Fapril expands cargo bike frame production
To be at the forefront of the current cargo bike trend, the traditional Portuguese bicycle component manufacturer Ciclo Fapril, Industrias Metalurgicas, S.A., is expanding its production facility. The new space is expected to be completed in April 2024 and fully operational within a year. The manufacturer will start the production ...
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News briefsGarmin opens Firstbeat Analytics Lab in Finland
Garmin has announced the soft opening of the Firstbeat Analytics Lab in Jyväskylä, Finland. This is an innovative fitness lab and testing facility with custom fitness equipment, measurement systems and proprietary monitoring technology that will be used by Garmin physiologists and data scientists to develop even more innovative features for ...
