All Corporate articles – Page 18
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News briefsSamsonite has divested all commercial activities in Russia
According to a company release, Samsonite International S.A. (and its consolidated subsidiaries) divested its Russia business on July 1. The withdrawal’s financial terms and details have not been disclosed. The company had announced in March that it had suspended all commercial activities in Russia until further notice. Kyle Gendreau, Samsonite’s ...
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ArticleNew association to support cycling start-ups in France
A new French trade association, called Cycling Tech France, has been launched to support national cycling start-ups, Sport-Guide has reported. The organization, established by Eric Dodin and Alexandre Rispal, gathered for its first official meeting on July 1. Based on Sport-Guide’s information, the association’s members currently include Ateliers Heritagebike, Caminade, ...
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News briefs
Michael Casey becomes interim CEO at Kathmandu
Reuben Casey, who over the last 12-plus years has served the company in a variety of senior executive roles, among them CFO and COO, is resigning from New Zealand’s KMD Brands Ltd. Michael Casey will be serving as interim Kathmandu CEO while the group considers options for Reuben Casey’s replacement. ...
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News briefs
AMSilk kicks off setup phase for industrial production
AMSilk, a Munich-based supplier of bio-based silk materials, has announced plans to increase production capacity by several thousand tons per year and expand its production network outside Europe. In the sports industry, the company’s “Biosteel” vegan biopolymers have premiered in the upper of an Adidas running shoe. AMSilk is also ...
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ArticleElevate Outdoor Collective reorganizes global sales structure
Elevate Outdoor Collective (EOC), formerly K2 Sports, which includes the K2 Ski, K2 Snowboarding, Völkl, Marker, Dalbello, Line, Ride, BCA, Tubbs Snowshoes, Atlas Snowshoes, Madshus and K2 Skates brands, has announced a fundamental change to its global sales structure designed to support the growth of the independent brands. The change, ...
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News briefsevo to build second campus with retail, hotel and more in California
Source: Evo Lake Tahoe (California) Seattle-based outdoor retail and adventure brand evo has announced plans to build a new campus in Tahoe City, Calif. The new campus will be centrally located on the shores of North Lake Tahoe. Like Campus Salt Lake, Campus Tahoe City will be ...
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News briefsMillet Mountain Group opens factory in Tunisia
Millet Mountain Group (MMG), the owner of French mountaineering and mountain apparel brands Millet and Lafuma, is opening a new factory in Tunisia. The 3,500-square-meter facility in Monastir has an automated cutting room featuring quilting technology and mechanical and laser cutting machines. The factory also features two embroidery machines and ...
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News briefsSimplifyber successfully closes new funding round for cellulose-based material innovation
Source: Simplifyber Simplifyber, a U.S. start-up company founded by designer Maria Intscher-Owrang, has finished a funding round, generating $3,5 million to back up the go-to-market of the company’s regenerative material that aims to make weaving or knitting obsolete. The product Simplifyber is a cellulose liquid based on ...
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News briefsStorck launches third crowdfunding campaign
The German company Storck Bicycle has launched another crowdfunding campaign, the third after 2017 and 2018. The campaign offers interested investors the opportunity to participate in the company founded in 1995 with a fixed interest rate of 6.50 percent per year with semi-annual interest payments. The investment limit is €1.5 ...
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ArticleMichael Sieber, Ortovox: “Family is essential”
In our interview with Michael Sieber, member of the Ortovox executive board, head of the new customer and brand division and head of sales, we learn more about the geopolitical situation, the internationalization of the company and why family is so important in a healthy work environment.
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News briefsChinese e-bike drive system producer Mivice establishes European subsidiary
As part of its internationalization efforts, another e-bike drive system maker from China is looking to enter the booming European e-bike market. By founding the subsidiary Mivice Europe GmbH in Nuremberg, Germany, the company has also brought two experienced European industry experts on board. Source: Mivice Horst Schuster, ...
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News briefs
Evolved By Nature secures $120 million funding
Evolved By Nature has announced that it has closed a $120 million Series C financing. The company, based in Boston, develops a proprietary library of Activated Silk molecules from natural silk protein that can be used throughout apparel and personal care products. The recent funding round was led by Teachers’ ...
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News briefsTime off for the boss: Vaude's von Dewitz crosses the Alps
It’s an unusual move for the head of a medium-sized company: Antje von Dewitz, CEO of Vaude, is heading to the mountains for 2.5 months to do a crossing of the Alps, taking a total of 3 months off. In a short video, she explains that she is fulfilling a ...
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News briefsCosmo Connected raises €6 million from angel investors
Cosmo Connected, a French start-up specializing in connected safety accessories for users of bikes and scooters, has raised €6 million from Patrice Pastor (J.B. Pastor), Adrien Dassault (Tikehau Capital), Gary Anssens (Alltricks), Sarona VC and several private investors, Le Figaro has reported. In addition, Cosmo Connected is opening its capital ...
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ArticlePorsche Ventures invests in London-based bicycle insurance provider
Laka, a London-based bicycle insurance provider that announced a $12 million Series A round earlier this year, has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG, bringing the total round to $13.5 million. The Series A funding was initially led by Autotech Ventures, followed by ...
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News briefsNew Montane showroom in Munich
Source: Montane Holger Schumann and Steffen Fuchs of Foras 365 British outdoor brand Montane is expanding its European business with a new showroom and warehouse in Munich, Germany. “The new showroom is an important hub not only for our retailers in Bavaria but from all over Germany,” ...
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News briefsOuttra assembles expert advisory board
The German software company Outtra has founded an expert advisory board that will meet quarterly to exchange ideas. Siegbert Müller, founder and managing director of Outtra, initiated the idea to further develop and enhance his company’s tools on an ongoing basis and offer additional effective benefits to all cooperating brands, ...
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ArticleIsbjörn reports consistent, sustainable growth
Swedish outdoor children’s apparel brand Isbjörn of Sweden has announced 20 percent year-over-year global growth through April 2022. Isbjörn was recently acquired by Online Brands Nordic AB, which will provide a solid financial backbone for further sustainable growth, and reported a healthy Ebitda of more than 11 percent. Isbjörn is ...
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ArticleVittoria Group and A Dugast open new regional headquarters in the Netherlands
Right after the acquisition of A Dugast by the Vittoria Group in May 2021, there were considerations on how best to join forces and exploit synergies. On June 15, the two bicycle tire suppliers inaugurated the new headquarters of Vittoria Northern Europe and A Dugast in Oldenzaal, the Netherlands. This ...
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ArticleMips presents new strategy and updated financial targets
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
