All Corporate articles – Page 20
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News briefs
Nexus Outdoors launches new fishing apparel line
Michigan-based Nexus Outdoors, the owner of the ScentLok and Blocker Outdoors brands, has expanded into the fishing category with a new apparel line called Whitewater. The new brand is designed to allow anglers to focus on fighting fish, not the weather conditions, thanks to specific materials, technologies, and tailoring, Nexus ...
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ArticleVittoria Group builds bike park and innovation center in Italy
Italian bicycle tire giant Vittoria Group has begun construction of what it describes as “the world’s first all-discipline cycling experience, innovation center and knowledge hub for bicycle tire development.” Vittoria Park will be built around the company’s headquarters near Milan. It will also house an impressive testing area open to ...
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News briefsFelt presents new logo and new bikes
After the Austrian Pierer Mobility Group bought Felt Bicycles from the Rossignol Group in November 2021 and integrated it into its Pierer E-Bikes GmbH division, which was founded in 2019 and already includes the Husqvarna E-Bicycles, GasGas Bicycles and R Raymon brands, the Californian bike label is now presenting a ...
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News briefsCycle for Survival surpasses $300 million in donations
Cycle for Survival, a U.S.-based movement to fight rare cancers, has made history by raising more than $300 million in total donations through its signature stationary bike events. Since 2007, more than 1 million participants worldwide, including patients, caregivers, survivors, clinicians, researchers, staff and trustees, have participated in events to ...
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News briefsHigg technology platform raises $50 million in Series B funding
Sustainability platform Higg has announced details of its $50 million Series B funding round. The funding is co-led by technology growth investor Silversmith Capital Partners and Tom Steyer and Katie Hall’s Galvanize Climate Solutions, with participation from Series A partners Titan Grove and Buckhill Capital. With nearly 50,000 brand and ...
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News briefsFoehn expands into mountain biking and running
Canadian outdoor brand Foehn, best known for its climbing apparel, has announced the launch of its SS22 collection, marking its debut in the running and mountain biking apparel categories. The collection comprises versatile pieces for men and women, including multi-use bottoms, tops, and outerwear. The company said that the items ...
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News briefsJack Wolfskin reset strategy unveiled
The Jack Wolfskin brand will see a renewed focus on its outdoor roots, with a tagline of “We Live to Discover,” according to details unveiled during parent Callaway’s investor day on April 26. New Wolfskin brand ambassadors will come from the researcher, advocate and documentarian world. A “DACH double down” ...
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News briefsKinetixx doubles sales and plans to launch cycling gloves
German glove brand Kinetixx, part of the Metzingen-based W+R Pro GmbH, has reported to have doubled its sales in the past winter season. In November 2021, former Odlo sales manager Matthias Faller took over responsibility for the DACH market and the label’s international business as head of the Kinetixx Sports ...
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News briefsNew Kettler Alu-Rad e-bike factory to start production soon
After less than two years of construction, German bicycle manufacturer Kettler Alu-Rad GmbH announced the imminent start of production at the “probably most modern production facility for e-bikes in Europe.” The factory is located in the German state of Saarland. It complements the venerable Kettler Fahrradfabrik plant nearby. There is ...
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News briefsCrow Bicycles secures €300,000 in its first funding round
Crow Bicycles, the Spanish high-end e-bike brand launched last year through an international crowdfunding campaign, closed its first investment round with a capital increase of €300,000. The funds will be used to develop new products, technologies, and services and hire new professionals with talent and expertise, the company said. Crow ...
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ArticleAlpkit receives growth funding, plans to launch footwear this summer
Nottingham-based outdoor brand Alpkit has received £2.7 million (€3.2m) in funding from HSBC UK, backed by UK Export Finance (UKEF), the U.K.’s export credit agency and a ministerial department of the UK government, to support its domestic and international growth. Alpkit said it will use the funds to buy more ...
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News briefsClarus expands credit facility
To fund its ongoing search for new “Super Fan” brands, Utah-based Clarus Corp expanded its senior secured credit facility to $300 million and entered into a $125 million term loan facility. Including a $175 million accordion feature, the new agreement provides Clarus with a total borrowing capacity of up to ...
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News briefsSportshopen builds new warehouse and logistics center
Sportshopen, the retail chain of Swedemount Sportswear & Fashion AB, which was founded in 1991 and currently has 15 stores in Sweden, is building a new warehouse and logistics center with offices in Gothenburg. The company’s growing European e-commerce business made this move necessary, according to ehandel.se, primarily to guarantee ...
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News briefs
Nemo turns 20 and becomes Climate Neutral certified
U.S. brand Nemo is celebrating its 20th anniversary this year, still being majority family-owned. The brand that started as a start-up in college by Cam Brensinger also announced its partnership with Climate Neutral. Nemo has successfully undergone the necessary process to be Climate Neutral certified, including the purchase of eligible ...
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ArticleRebike Mobility completes another round of financing, expansion outside Germany planned
Rebike Mobility GmbH, a German provider of used e-bikes founded in 2018, has announced the completion of a new round of capitalization. Leading the round is Circularity Capital, a European investor for growth companies in the circular economy. The new co-investors Tengelmann Ventures and Parkshore Holding bring strategic experience to ...
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ArticleGovernment-funded VeloLab founded to encourage innovation in the German bike sector
A new platform called VeloLab was launched in early April 2022 with the goal to strengthen the bicycle as a means of transport in Germany. As a funding project of the Federal Ministry of Digital Affairs and Transport (BMDV) within the national cycling plan (NRVP) framework, VeloLab is a digital ...
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News briefs$85 million financial boost for start-up Natural Fiber Welding
U.S.-based start-up Natural Fiber Welding (NFW) has raised $85 million in funding to scale the production of its all-natural, circular materials products. The investors backing the circular materials company include Evolution VC Partners, Tattarang, Lewis & Clark AgriFood, Collaborative Fund, AiiM Partners, Engine No.1, Raga Partners, Tidal Impact, Scrum Ventures, ...
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News briefsClimatePartner opens new Spanish office in Barcelona
ClimatePartner has just opened its first office in Spain, a country already feeling the consequences of global heating with increasing draughts, wildfires and a rising sea level. Led by Tom Weseloh, former sustainability officer at Mediamarkt and managing director of a start-up focused on the development of Soil Organic Carbon ...
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ArticleRestructuring of SRAM’s European OE sales team
After seven successful years as director of OE sales Europe at bicycle component manufacturer SRAM Group (brands Avid, Hammerhead, Quarq, Rockshox, SRAM, Time Sport, Truvativ, Zipp), Uwe Reichelt is entering his well-deserved retirement. The German company has already used the last few months to reorganize and expand the European OE ...
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News briefsCampsider raises €2 million in funding round
Campsider, a France-based e-marketplace that sells second-hand outdoor sporting goods, has announced that it has carried out a funding round worth €2 million, led by Founders Future and around 20 additional investors. The funds will be used to expand its staff in Annecy and Paris, redesign the website, launch an ...
