All Corporate articles – Page 20
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ArticleAdvanced Sports enters self-administration process
On April 1, Advanced Sports GmbH, the European sales company for the U.S. bicycle brands Breezer, Fuji and SE Bikes, had to file for insolvency in self-administration. Attorney Erion Metoja of the law firm Eisner Rechtsanwälte GmbH in Lauda-Königshofen was appointed as the administrator. During the reorganization proceedings in self-administration, ...
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News briefsOnline Brands to generate capital by targeted share issuance
Online Brands Nordic AB, which operates a number of e-commerce businesses and acquired ownership of outdoor children’s brand Isbjörn in April 2022, announced in an April 17 press release that it is seeking to raise a total of SEK 23.5 million (€2.08m) in additional capital. This will be achieved through ...
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News briefsAMSilk raises additional €25m for production of bio-engineered silk protein materials
AMSilk GmbH, a Munich-based industrial supplier of and pioneer in bio-engineered silk protein materials, announced that it has raised an additional €25 million in an extended Series C financing led by existing investor ATHOS (AT Newtec) and with participation from Novo Holdings, Cargill and MIG Capital. AMSilk’s technology platform, based ...
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News briefsNorrøna and the world’s only single track bike hotel
Norrøna has added the Canvas Hotel Telemark, the world’s only single-track bike hotel, to its Norrøna Adventure Company offering. The lodge is located in Treungen, Norway – 2 km from the nearest road — and offers glamping with “great staff, great food, drinks, beds, spa/sauna and location, as well as ...
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News briefsIndian government supports technology development for fibers made from hemp waste
As reported by Hemp Today, the Technology Development Board of India (TDB) has pledged 1.4 crores Indian rupees (€154,000) to support the development of technologies for processing bast fibers from industrial hemp, flax, nettle and other plants. The project cost is set to total ₹2.08 crores (€232,000). The TDB, part ...
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News briefsHaglöfs opens a new distribution center
Haglöfs has opened a new 18,000 sqm distribution center in Eskilstuna, Sweden. It comes after the company’s current distribution center in Avesta reached maximum capacity in 2022. The new location and redesigned distribution model are expected to increase logistics flow and service levels, as well as serve as a platform ...
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News briefsRaven Hengelsport makes a new start
Dutch company Raven Hengelsport, one of Europe’s biggest tackle retailers, ceased trading in January, as previously reported. After working with the administrator, J.P. Davids of Davids Advocaten, the company has now announced that Raven has been acquired by Dion Raven, his brother Iwan Raven and the Brubaker Group, a German ...
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News briefsTrerè Innovation expands into U.S. market with UYN, first store planned for fall
Italian sports apparel manufacturer Trerè Innovation enters the U.S. market with its Biotech base layers made from plant-based and natural materials like beech plants, castor oil seeds, kapok trees, eucalyptus trees and corn. The Biotech apparel line is manufactured in Pennsylvania and marketed under the Trerè brand Unleash your Nature ...
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ArticleFenix sees possible M&A, aims to cut logistics costs after starts 2023 ‘in a reasonable way’
Fenix Outdoor International said it is beginning 2023 “in a reasonable way” despite economic uncertainty and high inventory levels at retailers. The trend seen in the fourth quarter of 2022, with brick-and-mortar stores performing somewhat better than digital, has continued at the start of this year, the company added. “We ...
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News briefsRenewcell and CTA Green Fibre sign delivery agreement
Swedish textile-to-textile recycling innovator Renewcell has signed a memorandum of understanding with China Textile Academy (CTA) Green Fibre Co. Ltd, a Chinese lyocell fiber producer, for a long-term collaboration in the production of man-made cellulosic fibers. The agreement, signed by the two companies at the Intertextile Apparel show in Shanghai, ...
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ArticleMTB pioneer Gary Fisher launches new e-bike brand
With 20 employees based in Fremont, California, and partnered with an aviation battery company, Gary Fisher (one of the inventors of the mountain bike) has founded a new e-bike company called Morelle. According to the vibrant discussion going on with Fisher on LinkedIn, Instagram and Twitter, his new company aims ...
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News briefsFire at Renewcell 1 in Sundsvall, Sweden
A fire broke out at a facility of Swedish textile recycler Renewcell in Sundsvall, Sweden, on March 22. Nobody was injured. The fire occurred in the plant’s shredding area and was extinguished without spreading to the rest of the facility, the company said. The fire damaged one of the three ...
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News briefsBike apparel brand Kitsbow to cease operations
Employee-owned U.S. cycling apparel brand Kitsbow announced that it will cease operations in April after failing to raise sufficient capital. According to CEO David Billstrom, a community funding round launched in November through the Wefunder platform raised only about half of the $1 million needed to continue the business. He ...
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News briefsCapital infusion at Berria Bikes
Through its SC Growth Fund II, Suma Capital has taken a minority stake in the Spanish brand Berria Bikes, according to CMDsport. The infusion of €160 million is to help shore up the company’s structure and help it expand outside of Spain. Berria was founded in 2012 by the brothers ...
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News briefsSeveral Lycra production sites pass Higg assessment modules
Global textile supplier Lycra announced the third-party verification of several Higg Facility Environmental Module (Higg FEM) and Higg Facility Social & Labor Module (Higg FSLM) self-assessments. The Lycra manufacturing sites in Waynesboro, Virginia (U.S.); Maydown, Northern Ireland; and Foshan, China, completed their verification for the Higg FEM module, a framework ...
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ArticleTopo Designs receives growth investment from Gart Capital Partners
Topo Designs, a Colorado-based outdoor brand that offers sustainable, durable apparel and accessories, says it has received a “significant” equity investment from Gart Capital Partners, a family investment firm with longstanding outdoor roots, also headquartered in Colorado. The investment marks the first time the brand has raised external capital since ...
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News briefsCoats Group opens second sustainability hub
Coats Group, the British multinational specializing in the manufacture of yarns and structural components for apparel and footwear, has opened a pilot sustainability hub at its Madurai plant in the southern Indian state of Tamil Nadu. The new hub is located in a sprawling area of nearly 1,000 square meters. ...
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News briefsStolen Goat parent company launches public crowdfunding campaign
Herd Group Holdings has gone publicly live with a crowdfunding campaign on Seedrs. U.K.-based Herd Group, headquartered in Hook, Hampshire, is the parent company to apparel brand Stolen Goat, bikepacking brand Wildcat and the women’s cycling clothing brand VeloVixen, which Herd Group acquired in February following the brand’s entry into ...
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ArticleCake enters China, collaborates with Shanghai manufacturer for 150,000 units
Cake, the Swedish manufacturer of premium lightweight electric motorcycles, has announced a major partnership with Shanghai-based bicycle manufacturer and retailer Shanghai Forever. The goal is to produce and sell 150,000 units in China over the next four years. Shanghai Forever was established in 1940 as one of the earliest bicycle ...
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News briefsSigna Sports United expands North American presence with new Utah HQ
Signa Sports United’s (SSU) North American bike division announced the opening of its new corporate headquarters in Park City, Utah. The office will serve as a hub for SSU’s North American bicycle operations, enabling the company to better serve its growing customer and dealer base in the region and throughout ...
