All Corporate articles – Page 18
-
News briefsBain Capital reportedly plans to help Snow Peak go private
Late last week, several media outlets worldwide reported that the US buyout fund Bain Capital is planning to take Japanese outdoor manufacturer Snow Peak private in a management buyout valued at 50 billion yen ($333 million). Snow Peak responded on Feb. 16 that the news was not based on a ...
-
News briefsAluula announces appointment of new President
Canadian materials technology company Aluula Composites Inc. has appointed Sage Berryman as President. Berryman brings decades of executive experience to Aluula. With deep capital markets expertise, she has played a key role in leading transactions and partnerships valued at over $4 billion, specifically with innovative technology companies. Before joining Aluula, ...
-
ArticleCake files for insolvency, administrator seeks buyer for business operations
What several Swedish media outlets have already reported has just been confirmed by both the appointed insolvency administrator and on the website of the Swedish manufacturer of electric motorcycles itself: On Feb. 1, Cake 0 Emission AB had to file for insolvency. Lawyer Jakob Callmander from the Stockholm-based law firm ...
-
ArticleRevelyst provides ‘GEAR Up’ transformation update, closes offices and consolidates teams
Revelyst, the segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, announced an update on its “GEAR Up” transformation initiative (the title refers to the future ticker name “GEAR” of Revelyst on the New York Stock Exchange). As part of the spin-off process, Revelyst ...
-
ArticleBelgian-German partnership for large-scale production of thermoplastic carbon bicycle frames
The young Belgian carbon frame expert REIN4CED N.V. has announced a closer strategic partnership with the German mechanical and plant engineering expert Dieffenbacher GmbH Maschinen- und Anlagenbau to accelerate the large-scale production of thermoplastic carbon bicycle frames. The partnership aims to deepen the integration of product and machinery development. This ...
-
ArticleAccell Group relocates production and cuts jobs
After announcing the relocation of the production of the German Accell brand Ghost in Waldsassen to the Accell production sites Accell Hunland Kft. in Hungary and Accell Bisiklet Sanayi ve Ticaret A.S. in Turkey late last year, the Accell Group is now planning further measures to streamline the operating model ...
-
ArticleUnifi announces profitability improvement plan, executive promotions
Unifi, a Greensboro, North Carolina-based manufacturer of recycled and synthetic yarns, including Repreve, announced that it has begun implementing a new Profitability Improvement Plan focused on further reducing the company’s costs, streamlining operations and investing in innovation. Unifi’s Profitability Improvement Plan includes a cost reserve and workforce reduction that is ...
-
ArticleSBTi gains charitable status in UK, doubles corporate climate validations and ramps up pace
The number of companies and financial institutions setting greenhouse gas reduction targets and having them validated by the Science Based Targets Initiative (SBTi) has doubled to 4,204 in 2023 (2022: 2,079). This extraordinary demand for corporate decarbonization standards and target validation services has prompted a major scale-up effort to rapidly ...
-
News briefsSpiber and Kanematsu begin Brewed Protein application development, new shares issued
Kanematsu Corporation, a Japanese general trading company that handles a wide variety of products and services, including Electronics & Devices, Foods, Meat & Grain, Steel, Materials & Plant, and Motor Vehicles & Aerospace, has started a collaboration with Spiber to develop applications spanning numerous industrial fields using Spiber’s Brewed Protein ...
-
News briefsCourt approves reorganization plan for Swedemount Sportswear & Fashion
On Jan. 26, 2024, the District Court of Gothenburg decided to approve the reorganization plan for Swedemount Sportswear & Fashion AB. The majority of the company’s suppliers and creditor groups voted in favor of approving the restructuring plan. “We look forward to further expanding our cooperation in the future,” said ...
-
News briefsInternetstores at risk
The website Exciting Commerce reported that no investor has been found for Internetstores GmbH, a former subsidiary of the online sporting goods retailer Signa Sports United (SSU), which is also insolvent. Internetstores includes more than 32 web stores for bicycles, bicycle accessories, sporting and outdoor products, including Addnature, Bikester, Brügelmann, ...
-
News briefs35.5 million of VF customers may be affected by cyberattack
VF Corp. said in an SEC update that data from about 35.5 million of its customers was stolen in the Dec. 13 cyberattack (our sister publication SGI Europe reported) that encrypted some of its IT systems. The parent company of The North Face and Vans further stated that it does ...
-
News briefsCampsider raises €2.5 million
Campsider, a French e-marketplace that sells second-hand outdoor and sporting goods, has secured €2.1 million in seed funding. The round was led by Founders Future, with Inovexus, Machame, Fair Equity and several business angel investors, including Christian George, the founder of Vestiaire Collective, and Xavier Le Guen, VP of Winter ...
-
ArticleGerman bicycle tire supplier relocates production to Vietnam
Schwalbe manufacturer Ralf Bohle GmbH is strategically realigning its production: All bicycle tires and inner tubes will be produced exclusively in Vietnam in the future. Only mold making, mixing operations, R&D and administration will remain at the long-standing Schwalbe production site in Indonesia. The move is justified by the development ...
-
News briefsTrusTrace completes $24m growth investment
Stockholm, Sweden, and Coimbatore, India-based SaaS company TrusTrace, which specializes in supply chain traceability and regulatory compliance, closed a $24 million investment round led by Circularity Capital, an investor specializing in companies advancing the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital. According to Shameek Ghosh, CEO ...
-
News briefsPolygiene’s Addmaster returns to its roots
In response to customer feedback, antimicrobial technology label Addmaster, part of the Polygiene Group, is reverting to its original name, Addmaster, effective Jan. 18, 2024. As part of this response to customer feedback, the company has launched a new standalone website. While it remains an integrated part of the Polygiene ...
-
ArticleCrow Bicycles bolsters int'l DTC with DACH area manager and physical presence in Germany
Madrid-based ultralight e-bike brand Crow Bicycles, founded in 2020 and launched in 2021, announced the hiring of Gert-Jan Van Wijk as Market Manager for the German, Swiss and Austrian (DACH) markets. In these countries, Van Wijk will lead the company’s commercial strategy from Feb. 1 to consolidate the brand at ...
-
News briefsMajority shareholder Youngone grants short-term loan to Scott Sports Group
The South Korean manufacturer of outdoor clothing and outdoor products Youngone Corporation is granting its Swiss bicycle and winter sports affiliate Scott Sports SA a temporary loan of 150 million Swiss francs (€160.6m). Following the purchase of a 20 percent stake in its long-term business partner Scott Sports Group, which ...
-
ArticleMondraker opens US branch in Colorado
Spanish premium off-road bicycle brand Mondraker announced the opening of a subsidiary in the USA at the beginning of the year. The new Mondraker-USA office is located in Boulder, Colorado. The official inauguration of the new offices and warehouse, as well as the customer and technical service areas, will be ...
-
ArticleIcletta returns DACH distribution and assembly to Ice Trikes
Over 15 years ago, the German company Icletta GmbH began exclusively distributing the British recumbent trike manufacturer Inspired Cycle Engineering (Ice Trikes) in the DACH region. The two companies have now jointly decided to gradually relocate on-site assembly, which Icletta previously carried out at its headquarters in Weiterstadt, Germany, to ...
