All Corporate articles – Page 39
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ArticlePierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
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News briefsSpinnova invests in Rieter system for new yarn fabrication in Finland
Spinnova has purchased a full line of production machines from Swiss spinning technology specialist Rieter to be installed at the company’s premises in Jyväskylä, Finland. Following the agenda published before, Spinnova plans to spin the wood pulp fiber into yarn on the Rieter system on a large scale by the ...
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ArticleMacNeill Pride Group rebrands as Gathr Outdoors
After acquiring several outdoor brands over the past two years, U.S.-based MacNeill Pride Group (MPG) quickly began to crystallize a growing commitment to outdoor sports and related activities. In addition to the acquisitions of the Orca, GCI Outdoor, Klymit and Rightline Gear brands, the appointment of CEO Keith Bornholtz and ...
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News briefsYeti to establish European subsidiary
Yeti Coolers, a wholly owned subsidiary of publicly traded Yeti Holdings headquartered in Austin, Texas, has announced that it is currently planning to move into its first European office in Amsterdam, the Netherlands, as part of a gradual internationalization effort. Yeti is currently already present in 20 European countries, having ...
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News briefsPolygiene redefines financial targets
The board of directors and the management of the Swedish ingredient brand Polygiene AB have set new financial targets for the 5-year period from 2022 to 2026. According to these, Polygiene should achieve net sales of more than SEK 1 billion (€98.6 million) and an EBIT margin of more than ...
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News briefsProtective with new showroom in Munich
German brand Protective, managed by Regensburg-based R&D Protective GmbH, has moved into a showroom at Munich’s MOC event and order center. Just in time for the pre-order start of the 2022/23 fall/winter collection, Protective is presenting its bikewear and the new Nordic line, which is celebrating its pre-order premiere, on ...
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ArticleExcellent financial year enables Accell to repay government Covid credit facility
Based on its sales and profit growth in 2021, Netherlands-based Accell Group N.V. will fully repay its “Go-C” facility issued during the Covid-19 pandemic before the end of the year. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal to full-year availability. ...
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News briefsBianchi builds new headquarter and production facility
Source: Studio Da Re The CEO of Bianchi, Fabrizio Scalzotto (center), with the Councilman for Economic Development of the Lombardia Region, Guido Guidesi (left), and the Mayor of Treviglio, Juri Fabio Imeri (right) Bianchi has unveiled its plans to build a new high-tech headquarters and production facility. ...
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News briefsCorratec invests in additional production facility in Romania
After a long search, German bicycle brand Corratec has found a perfect site for another European production facility. As early as February 2022, the first Corratec-branded bicycles and e-bikes are expected to roll out of an existing factory site with several factory buildings measuring around 30,000 square meters each on ...
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News briefsFrankfurt and Friedrichshafen exhibition companies sign partnership agreement
On Nov. 17, 2021, the Frankfurt and Friedrichshafen trade show companies officially signed their previously announced partnership focusing on innovative mobility. Messe Frankfurt has a 49-percent stake in Fairnamic GmbH, a joint venture that will pool the two partners’ expertise in urban mobility and general aviation and promote the global ...
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News briefs
Oeko-Tex partners with brand protection company to track plagiarism
In a move to protect its trademark from infringements, Swiss company Oeko-Tex has entered a partnership with Berlin-based software firm Sentryc that offers an AI-based cloud solution that scans more than 120 international online marketplaces for product piracy and brand abuse. According to Oeko-Tex, thousands of potential misuse cases have ...
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ArticleFormer Timberland CEO and his son unveil new “biocircular” sustainable hiking boots
Erem, a Nevada-based company founded in 2021 that calls itself “the first outdoor brand focused on desert performance,“ has unveiled a new hiking boot that is ”high on performance and low on environmental impact.” Source: Erem While most hiking boots today are made by thermo-fusing plastics and ...
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News briefs5.11 files for stock market listing
5.11 ABR Corp., the U.S. company previously called 5.11 Tactical, has filed an S-1 with the U.S. Securities and Exchange Commission to publicly offer its shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The company intends to ...
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News briefsWP Lavori invests in heritage outdoor brand Filson, takes over distribution and licensing in Europe
WP Lavori in Corso, a Bologna-based retailer, brand building and licensing company, has invested a 10 percent share in the brand and retailer Filson after signing a distribution and licensing agreement previously in 2020. WP Lavori is a luxury lifestyle company specializing in the distribution and building of heritage brands ...
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News briefsAmpler E-Bikes raises €7.4 million to support expansion plans
Estonian DTC e-bike brand Ampler has closed a capital round led by investors Taavet Hinrikus and Sten Tamkivi of Taavet+Sten, with participation from other leading Estonian investors including Metaplanet, Ambient Sound Investments and Ragnar Sass. The total size of the equity investment was €7.4 million. The fast-growing e-bike company, founded ...
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News briefsSolo Brands announces IPO pricing
Solo Brands, Inc., the owner of the Solo Stove, Chubbies, Oru Kayak and Isle Paddleboard brands, today announced the pricing of its initial public offering of 12,903,225 shares of its Class A common stock at a price to the public of $17.00 per share. In addition, the company has granted ...
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News briefsOberalp opens “Mountain Showroom” in Annecy, targets Southern European growth
The Oberalp Group has officially opened a new showroom in Annecy, France, together with around 100 invited guests (customers, journalists, French athletes and employees). On an area of 200 square meters, Oberalp will use the new “Mountain Showroom” to present the new collections of its Dynafit, Salewa, Pomoca, Evolv and ...
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News briefsClarus to generate new capital by offering 2.75 million shares of common stock
Clarus Corporation, a Salt Lake City, Utah-based company with brands including Black Diamond, Pieps and Rhino-Rack, announced that it intends to offer 2,750,000 shares of common stock and use the net proceeds from the offering for general corporate purposes, including repayment of debt, capital expenditures and potential acquisitions. The company ...
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News briefs
Montane with new country manager and PR agency for the U.S.
British outdoor apparel brand Montane has announced a new brand initiative for the U.S. market. Effective immediately, industry veteran Mike Downing of Boulder, Colorado, will assume the role of country manager for the U.S., overseeing all wholesale, professional and direct sales for Montane’s apparel and gear collection. Downing will work ...
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News briefsSigna Sports United collects more funds
The Wall Street Journal reports that Saudi Arabia’s Public Investment Fund is about to make a major investment in Signa Sports United (SSU), the big operator of online stores based in Berlin, which indicated four months ago its intention to go public. It would join other investors including Abu Dhabi’s ...
