All Corporate articles – Page 27
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News briefsSalomon publishes first impact report
Following its sister company Atomic’s impact statement, Salomon has also published its first-ever annual sustainability report. After a full carbon inventory, the French brand’s science-based targets have been officially approved for 2022 (aiming for a 50 percent absolute reduction in Scope 1 & 2 carbon emissions and a 30 percent ...
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ArticleSRAM Group commits to building a new plant
Source: SRAM Group According to the plan, the new modern SRAM Group production facility in Taichung should start in 2024. For more than three decades, US component supplier SRAM Group has relied on Taiwan for its production. After all, the island nation committed itself many years ago ...
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News briefsLectra looks back on a strong year 2022
For 2022, Paris-based company Lectra – a specialist in digital design solutions and cutting equipment – has reported a 35 percent increase in revenues to €521.9 million and a net income of €43.8 million. EBITDA was up 51 percent to €98.4 million. In Dec. 2022, Lectra announced the signature of ...
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News briefsZwift raises new funding
Zwift has raised $620 million from backers including Amazon’s Alexa Fund, KKR & Co. and Permira Holdings. According to Bloomberg, Zwift expects these investments to enable it to increase subscription prices, reach the milestone of ten million subscriptions (from roughly one million), take the company public and eventually invest in ...
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News briefsAlpine Group joins Fashion for Good
Apparel manufacturer Alpine Group, supplier of brands including Sweaty Betty, The North Face and Under Armour has joined Fashion for Good as an affiliate innovation partner. The two organizations aim to explore and support the commercialization of technologies that reduce environmental impact. One main topic of the partnership is the ...
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News briefsRed Chili brand without Hofstädter and Glowacz
With the start of the new year, Edelrid has taken over all responsibilities for the climbing equipment brand Red Chili from Stefan Glowacz and Uwe Hofstädter. The company was founded by the two German climbers in 1996 and is part of the Edelrid group since 2017 (as reported in OIC). ...
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News briefsAmer Sports pioneers with Sourcemap’s new traceability software
SaaS-provider Sourcemap has announced that Amer Sports, the parent company of Arc’teryx, Salomon and Wilson, among others, will be the first customer to utilize the software for products made with cotton and viscose. After the U.S., legislation like the Uyghur Forced Labor Prevention Act (UFLPA) forced importers to irrefutably prove ...
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News briefsVista creates action sports division under outdoor umbrella, led by Fox Racing president
According to Shop Eat Surf, Jeff McGuane, president of Fox Racing, has been promoted at Vista Outdoor to lead a restructured Action Sports division, which includes Fox Racing, Bell, Giro, Blackburn, Krash, Copilot and Raskullz. Vista Outdoor acquired Fox Racing in August 2022. According to the same media source, McGuane’s ...
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News briefsAlpkit raises £1.5 million in funding
Alpkit, the British outdoor and cycling brand and retailer, has secured £1.5m (€1.7m) from the Midlands Engine Investment Fund (MEIF). The new funding will help it strengthen seasonal inventory acquisition and product development in the footwear and e-bike lines. It will also enable the company to take over its bike ...
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News briefsNorrøna acquires travel specialist and expands into international tourism
After acquiring the local tourism operator Hvitserk of Norway in 2020, Norrøna has now also acquired the global adventure tourism company Hvitserk & Eventyrreiser AS, which was founded in the 1970s. Hvitserk & Eventyrreiser offers trips to 50 countries all over the globe. Following the transaction, the company, now operating ...
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News briefsNewell Brands sets restructuring plan, 13% of workforce lose jobs
Newell Brands, the consumer goods company that features Marmot, Coleman, Campingaz and Contigo in its portfolio of brands, is consolidating its five operating segments into three and eliminating approximately 13 percent of its office workforce headcount this year. The total cost of the actions is pegged at $100 to $130 ...
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News briefsE-com start-up Velio offers refurbished bikes and e-bikes, expands into Austria
In its online shop for refurbished bikes and e-bikes, German start-up Velio wants to offer a higher quality alternative to private used gear marketplaces. Velio sells secondhand bikes and e-bikes that are overhauled at the company’s workshop in Cologne. All bikes come with a 12-month guarantee and can also be ...
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News briefsAcai Outdoorwear secures £3 million investment
Womenswear brand Acai Outdoorwear has secured a £3 million (€3.4 million) investment from Growth Partner, a consumer-focused investment firm that is backed by HomeServe founder and chief executive Richard Harpin. Acai’s investors since October 2019, DSW Ventures, will be exiting as part of the deal. In addition, James Worrall, investment ...
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News briefsEcovative acquires Netherlands-based Lambert Spawn Europa
New York-based mycelium technology company Ecovative has acquired Lambert Spawn Europa B.V., a mushroom spawn production facility in the Netherlands, from a subsidiary of Pennsylvania-based Lambert Spawn Co. Ecovative works with partners throughout the textiles, food and packaging industries. The acquisition allows Ecovative to integrate a major source of ...
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News briefsSpecialized gets rid of 8 percent of its global workforce
Specialized CEO Scott Maguire officially announced on Jan. 11 that the company has laid off 8 percent of its employees worldwide. According to the U.S. bicycle company, the downsizing of the team is rooted in the global economy, which is changing faster than anticipated, and in rapid changes within cycling. ...
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ArticleSolo Brands eyes deeper assortments with wholesale partners
The publicly traded Grapevine, TX company, which owns four businesses led by its Solo Stove unit, has a Direct-To-Consumer to Wholesale ratio of 85 to 15, a percentage that is likely to persist given Solo’s extreme focus on its relationship with customers. But Solo has a new partnership with warehouse ...
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News briefsJebsen Group invests in Woom
Hong Kong-based Jebsen Group has invested in Austrian children’s bicycle supplier Woom. The Jebsen Group shares acquisition is via the family-run trading and logistics company’s investment arm, Jebsen Capital. While no information was given on the exact amount of the Woom minority stake Jebsen now holds, it was noted that ...
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News briefsDidriksons expands into business outerwear
Source: Didriksons Still a jacket, but clearly fashion: The Alvina w’s coat for SS2023 The Swedish brand Didriksons enters the business fashion market with a new range of women’s business-focused jackets and coats. The collection is centered around a classic trench coat and will be available end ...
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News briefsRenewcell begins shipping from new plant in Sundsvall
Swedish textile recycler Renewcell has announced that it has shipped its first batch of dissolving pulp produced at its new factory in Sundsvall, Sweden, to a customer. The new facility, which started up in November, adds to the other Renewcell plant in Kristinehamn, west of Stockholm. Also in November of ...
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News briefsVF announces new appointments to TNF leadership team and more
Source: VF Mariano Alonso VF Corporation has announced new appointments to its leadership team in the EMEA region, including for The North Face (TNF), effective Jan. 31. Mariano Alonso — current general manager of Timberland EMEA — will be the new general manager of TNF EMEA. The ...
