All Corporate articles – Page 25
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ArticleVF seeks new permanent CEO following Rendle’s decision to step down
Source: VF Corp. Benno Dorer, interim president and CEO of VF, effective immediately VF Corp. announced that Benno Dorer, lead independent director of the VF board of directors, has been appointed interim president and chief executive officer, effective immediately. Richard Carucci, who has served on the board ...
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ArticleClassified Cycling closes €22 million financing round
Bicycle components newcomer Classified Cycling has successfully closed another round of financing. With the entry of new investors, €22 million were flushed into the Belgian company’s coffers. With the cash injection, raised under the leadership of investment firm Active Partners, Classified aims to “revolutionize the bicycle and e-bike market with ...
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News briefsNewell Brands elects Stephanie Stahl to its board of directors
Newell Brands, whose portfolio includes Marmot, Coleman, and Campingaz, announced the election of Stephanie Stahl to its board of directors, effective Jan. 1, 2023. With her appointment, the company’s board will increase from ten members to eleven. “We are delighted to welcome Stephanie, a dynamic business leader with a proven ...
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ArticleSchwan-Stabilo’s outdoor brands grow by 16.4%
The German Schwan-Stabilo group, the owner of Deuter, Ortovox, Maier Sports and Gonso, has published its 2021/22 business numbers, achieving growth in all of the group’s categories, which are cosmetics, writing instruments and outdoor sports. In the time span reported, the group generated sales of €745.3 million (previous year: €623.2 ...
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News briefsXero Shoes expands distribution in Europe
Xero Shoes, a U.S. brand of minimalist – or “barefoot” – footwear, has expanded its presence in Europe: EU managing director Dan Dougherty has added the agencies Bisetisport (Switzerland), WNB (Finland) and New Cinema (Israel) to his network. S-Works is responsible for the Spanish market. In Germany, goFree GmbH is ...
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News briefsNew leather & footwear testing laboratory for Hohenstein
Hohenstein, a German provider of textile testing and a founding member of Oeko-Tex, celebrated the opening of a second leather & footwear testing laboratory in Gurugram, India, on 11 Nov. 2022. The first of its kind in Hohenstein’s established network of textile testing labs in Asia, it will focus on ...
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ArticleBike industry veteran Pat Cunnane named CEO of Messingschlager USA
Europe’s leading and expanding bicycle accessories supplier Messingschlager GmbH & Co. KG has been able to win over a high-profile industry expert. The German company, which acquired its longtime U.S. partner company – then called Cycle Force Group – and its subsidiaries at the end of 2021 and shortly thereafter ...
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ArticleCannondale’s new organizational structure without European head
Source: Cannondale Marco Kind After Canadian conglomerate Dorel Industries sold its Dorel Sports bicycle division – comprising Cycling Sports Group (CSG) and Pacific Cycle Group (PCG) – to Dutch company Pon Holdings B.V. last year, work has been underway to integrate the acquired brands. Cannondale, the U.S. ...
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ArticleMV Agusta shareholders and KTM AG inject €30 million
After listed Pierer Mobility AG officially announced on Nov. 3 that its subsidiary KTM AG (not to be confused with e-bike pioneer KTM Fahrrad GmbH) was taking a 25.1 percent stake in rival MV Agusta Motor S.p.A. as part of a capital increase, the Italians announced a €30 million capital ...
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ArticlePon.Bike commissions YIT Lietuva to build new factory in Lithuania
After 2L Architects UAB – the Lithuanian architectural firm responsible for the design of the new factory – received the building permit at the end of September, on Nov. 18, the Dutch bicycle company Pon.Bike officially commissioned the construction company YIT Lietuva to build the 40,000-square-meter facility in Lithuania’s Kėdainiai ...
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ArticlePentland Brands Germany undergoes restructuring, Berghaus with comeback
Source: Pentland Brands Germany Michael Schupp With the restructuring of Pentland Brands Deutschland GmbH, founded in 2020 in Gmund in southern Germany, which as an offshoot of the British Pentland Group also distributes the group’s Endura and Speedo brands in the DACH region, the well-known British mountain ...
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ArticleBosch invests specifically in the European production of eBike Systems
In mid-October, the Slovakian ministry of economy told the domestic press that Robert Bosch GmbH (Bosch Group) and its offshoot Robert Bosch spol sro (aka Bosch-Slovensko) would expand the Slovakia-based Electric Drive Division to produce e-bike components for its e-bike drive supplier Bosch eBike Systems and invest accordingly. Shortly after ...
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News briefsHaglöfs closes again for Black Friday
As it did last year, Swedish brand Haglöfs is taking a stand against the environmental and social perils of excessive consumption on Black Friday. Haglöfs has conducted a number of protests against the sales day, from increasing prices to donating profits to charities to promote second-hand products. In 2021, for ...
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ArticleYakima with new global organizational structure
Yakima, a manufacturer of transportation and equipment management solutions headquartered in Oregon, USA, has announced that Ryan Martin, current CEO of the Americas region, will expand his responsibilities to also drive strategic direction and growth in Australasia (Australia, New Zealand and the adjacent Pacific Islands) and EMEA (Europe, Middle East ...
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News briefsAlpkit meets funding target in less than eight minutes, plans new product categories
At the end of October, British outdoor and cycling brand Alpkit invited its customers to become shareholders in the company. The investment campaign was open for just eight minutes when the company reached its target of £750,000 (around €855,000). In less than an hour, Alpkit had raised £1.6m (€1.83m) from ...
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ArticleWolverine lowers FY forecast again, unveils brand reorganization
Wolverine World Wide Inc. again lowered its full-year outlook after continuing supply chain constraints, increased promotional activity and deteriorating economic conditions weighed on third-quarter results, which came in below expectations. The company also announced a long-awaited reorganization of its brands to help cut costs and expand margins. Full-year revenue is ...
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News briefsInfinite Fiber announces progress in building commercial-scale fiber factory in Finnland
Infinited Fiber Company, textile technology specialist from Finland, has announced that the construction of its first commercial-scale Infinna textile fiber factory in Kemi, Finland, has progressed according to plan since the announcement of the factory site in June 2022. The company is increasing its focus on scaling the production volume ...
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News briefsInov-8 opens first showroom outside the UK
U.K.-based running, hiking and fitness brand Inov-8 has opened the doors to its first showroom in mainland Europe in Annecy, France. Manu Fedon, Inov-8 sales manager for France, said: “The showroom will be a basecamp for all customers, media contacts, friends and family living within the heart of the French ...
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News briefsBianchi renews presence in the U.S.
Source: Bianchi Dan Delehanty, Bianchi USA Country Manager As part of the complete restructuring of FIV Bianchi Spa, headquartered in Italy, Bianchi continues its international development by also renewing its Bianchi USA subsidiary and strengthening its physical presence in North America. Dan Delehanty has assumed the role ...
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ArticleNew German DTC e-bike company Hepha goes live
A new DTC e-bike supplier called Hepha GmbH is a new kid on the block in the buzzing e-bike market. Noticeably, the top model of the southern German brand comes with a mid-motor developed by the company itself in Germany, while the two other models are equipped with mid-motors made ...
