All Corporate articles – Page 2
-
ArticleHelen of Troy facing distribution facility problems
Helen of Troy is under increased scrutiny regarding the progress of its restructuring plan, particularly the functionality of its recently opened distribution center in Galloway, Tennessee.
-
ArticleCSG increases purchase price for The Kinetic Group to $2.15bn
CSG increased the base purchase price for acquiring The Kinetic Group business by $50 million to $2.15 billion, while Vista Outdoor reaffirms its FY25 outlook and reports preliminary Q1 results.
-
ArticleLionRock forms joint venture to grow Haglöfs in Greater China
To establish and expand the Haglöfs brand in the Greater China region, LionRock Capital founded a joint venture with the wholly owned subsidiary Affluent Team Global Limited of Viva Goods Company Limited in June 2024. LionRock, based in Hong Kong, acquired Haglöfs from Asics in December 2023. The new joint ...
-
News briefsLowa strengthens DACH business by integrating Austrian distribution partner
With the acquisition of the Austrian Lowa Sportschuhe GmbH sales company, based in St. Martin im Innkreis, and the change of name to Lowa Austria GmbH, Germany-based Lowa Sportschuhe GmbH has finally united all German-speaking Lowa core markets under one roof. Matthias Wanner, Chief Sales Officer (CSO) of Lowa, will ...
-
News briefsParadise Textiles and Nanollose sign R&D agreement
Paradise Textiles, the innovation hub of global textile and apparel firm Alpine Group, has signed a deal with biotech company Nanollose for the exclusive supply of its sustainable Nullarbor fibers. Under the non-binding terms of the joint venture agreement, Paradise will work closely with Nanollose to develop yarns and fabrics ...
-
News briefsColoreel Group files for bankruptcy
Swedish tech company Coloreel Group AB, known for its instant thread dyeing technology, has announced that it has filed for bankruptcy. The filing also involves the daughter firm Coloreel AB. The group could not develop its business volume quickly enough and secure the necessary financing, Coloreel explained in a statement. ...
-
ArticleIntersport celebrates 40 years of private label McKinley
Founded in 1984 and named after North America’s highest peak, McKinley has become the flagship private label brand of Intersport. This year, Intersport proudly celebrates four decades of McKinley.
-
ArticleIndian fabric sourcing platform Fabriclore raises $1.6m
Fabriclore, an Indian technology-enabled fabric sourcing platform for fashion companies, announced that it has received $1.6 million in funding led by Bengaluru, India-based PeerCapital and UAE-based Regal Fabrics. Founded in 2016 by entrepreneurs Vijay Sharma, Sandeep Sharma and Anupam Arya, Jaipur-based Fabriclore owes its success to its eight years of ...
-
ArticleGerman custom bike manufacturer Rotor Bikes relaunches directly after insolvency
Due to liquidity problems, the Leipzig-based complete bike, frame and wheel manufacturer Rotor Bikes GmbH (not to be confused with the Spanish bicycle component manufacturer Rotor Components Technologicos S.L.!) filed for insolvency on June 4. According to the company, this step has set the course for a new start under ...
-
News briefsAdvisory firm withdraws recommendation for The Kinetic Group/CSG deal
US proxy advisory firm Institutional Shareholder Services (ISS) has surprisingly recommended that Vista Outdoor shareholders abstain from voting on Czechoslovak Group’s (CSG) $1.96 billion bid for The Kinetic Group’s ammunition business. ISS has thus updated its analysis after initially recommending that the deal be approved. The transaction is to be ...
-
ArticleFitness equipment giant Dyaco opens new e-bike factory in Taiwan
Around two years ago, Taiwan’s listed fitness equipment provider Dyaco International Inc. took over the bicycle factory of ODM and OEM manufacturer Iuvo in Dajia. In doing so, the company invested in its young e-bike business (including the newly created e-bike brand Cikada). As the Iuvo factory was located on ...
-
News briefsFunding round for British adventure sports firm
Adventuro, an online marketplace for adventure sports, has closed a round of funding led by the angel-investment group Lifted Ventures. The terms and figures are undisclosed, but the funds will be used to develop new services, improve technological infrastructure and expand into new markets. Operating in the UK, Adventuro offers ...
-
ArticlePierer Mobility reports strong Q2, announces realignment of the bicycle division
Pierer Mobility AG released its financial results for the second quarter of 2024, highlighting continued growth across key financial metrics. The company also announced a significant strategic realignment of its bicycle division, reflecting its commitment to streamlining operations and enhancing profitability in the competitive e-mobility market Key financial highlights of ...
-
ArticleVista rejects MNC offer, receives new indication of interest in ammo business
The sale and spin-off plans at Vista Outdoor remain in a state of suspense. The group announced that its Board of Directors, after consultation with its financial and legal advisors, has rejected MNC Capital’s unsolicited expression of interest dated June 6, 2024, in which MNC expressed an interest in acquiring ...
-
News briefsFenix Outdoor starts producing at Maloja’s VioModa in Bulgaria
Fenix Outdoor has partnered with German outdoor brand Maloja to operate apparel manufacturing at Maloja’s existing production facility, VioModa, in Plovdiv, Bulgaria. This is the first step towards Fenix Outdoor’s establishment of apparel production in Central Europe. The company sees this as a crucial step towards improving its competitiveness through ...
-
ArticleBianchi opens new factory, new CEO since start of the year
Source: Bianchi The new Bianchi headquarter in Treviglio was officially inaugurated on June 4, 2024 Italian bicycle manufacturer Bianchi officially opened a new factory on June 4. The factory is located in the same building in Via delle Battaglie in Treviglio, where Bianchi has had its headquarters ...
-
News briefsCanyon Bicycles opens test center near Madrid
Canyon Bicycles has opened a test and community center in Tres Cantos, on the northern outskirts of Madrid. It is the first Canyon Factory Service (CFS) in Spain and the fifth worldwide. The location offers repair services, for both minor repairs and annual servicing, as well as bike advice direct ...
-
ArticleSchöffel relaunches the brand
German company Schöffel has announced a comprehensive brand relaunch, while retaining the well-known claim “Ich bin dann mal raus” (I’ll be out and about). Source: Schöffel Stefan Merkt, Managing Director Schöffel “Our brand is renewing itself without sacrificing its roots, thereby increasing its relevance in a constantly ...
-
News briefsGiorgio Campagnolo named Knight of Labor
The President of Italy, Sergio Mattarella, has appointed Giorgio Campagnolo a Knight of Labour, one of Italy’s top honors. Campagnolo is 87 years old, of which 71 spent working for the family business. He still reportedly works at the company’s premises every day. F.lli Campagnolo’s history traces back to 1948, ...
-
News briefsMips almost universally adopted by World Tour teams
Swedish helmet safety technology provider Mips AB announced that its technology is being widely adopted by World Tour cycling teams. In 2024, 87 percent of women’s teams and 83 percent of men’s teams have opted for helmets with the Mips safety system, representing a clear commitment to athlete safety. “This ...
