All Corporate articles – Page 4
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News briefsGerman outdoor retailer McTrek files for insolvency again
German retailer McTrek (most recently with 17 stores in Germany) filed for insolvency at the Hanau District Court on March 11. This is the second insolvency in just four years for the outdoor specialist, which has been operating for over 20 years. Following the first insolvency in 2020, the company, ...
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ArticleSpinnova reports disappointing FY, announces new strategy and job cuts
Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff. In 2023, Spinnova generated revenue of €10.6 million, which was ...
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News briefsInfinited Fiber closes new funding round
Infinited Fiber Company, the Finnish textile recycler currently in a restructuring phase, has completed a two-part development funding round totaling €40 million. The round included investments from both existing and new investors, the latter including Inditex, TTY Management, Youngone and Goldwin. The first part of the development financing round, which ...
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News briefsSpinnova and Suzano sign agreement for new production facility
Finnish biomaterials company Spinnova and Suzano have signed a Letter of Intent (LOI) regarding plans for a new production facility for wood-based Spinnova fiber. The LOI is a non-binding agreement that includes certain criteria as requirements for moving into the pre-engineering phase of the new facility. It also includes preliminary ...
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ArticleGeorgina Kirby: "At Kari Traa we resonate with women"
Discover how Kari Traa’s General Manager navigates gender equality, community-building and the empowerment of women.
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News briefsGerber Gear celebrates its 85th anniversary
Gerber Gear commemorates 85 legendary years of American-made craftsmanship and innovation in Portland, Oregon. As a local advertising agency founder and owner, Joe Gerber wanted to design a carving knife he could gift to his clients. This one-off gift became a highly sought-after knife, and from those humble beginnings, Gerber ...
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ArticleAmbitious Spanish cycling app gets an update
In its quest to become the one-stop shop in cycling platforms, All in Biking is releasing an update of its app that CEO José Julio Becerril believes will make it “the world’s most complete and versatile” for cyclists and hopes will raise its usership to 1 million, according to CMDsport. ...
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ArticleMyStromer moves Desiknio Bikes production to Poland
This year, Desiknio Bikes, the Spanish sister brand of S-pedelec brand Stromer under the roof of Swiss MyStromer AG, is taking off with a new production partner. Since January, all Desiknio models have been painted and assembled by the Polish manufacturer Kross S.A. in Przasnysz, 110 kilometers north of Warsaw. ...
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News briefsSamsonite looks at options after reported takeover interest
Samsonite, the parent company of Gregory, High Sierra, Xtrem and other luggage and bag brands, is considering options, including going private after receiving a takeover offer from undisclosed bidders, Bloomberg reports, citing sources said to be familiar with the matter. Some private equity firms have reportedly analyzed a deal with ...
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ArticleSustainable Apparel Coalition rebrands
The Sustainable Apparel Coalition (SAC) announced its rebranding as Cascale. The apparel, footwear and home textile industry’s alliance for sustainable production continues to act as a global nonprofit alliance that empowers collaboration to drive equitable and restorative business practices in the consumer goods industry. Walmart and Patagonia founded the SAC ...
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ArticleRenewcell files for bankruptcy
After the Swedish textile recycler postponed its annual report for the second time for economic reasons, the Board of Directors decided on Feb. 25 to file for bankruptcy of Re:NewCell AB (Renewcell). The bankruptcy petition will be filed with the Stockholm District Court. The reason for the decision to file ...
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News briefsMystery Ranch partners with Vallfirest on forest fire management in the EU
Mystery Ranch, the Montana-based backpack specialist just acquired by Yeti, announces a partnership with Vallfirest, a company specialized in the manufacturing of equipment, tools, and solutions for the extinguishing and prevention of wildfires, to jointly contribute to global wildfire management solutions. As part of this partnership, Mystery Ranch’s firefighting products ...
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News briefsBMC tests short-time work during weak market conditions
Several brands from Central Europe have been struggling after the pandemic. BMC is the latest, as the Swiss bicycle market is also facing hard times. Due to the drop in demand, the company has applied to the Canton of Solothurn’s office for economic and labor affairs for short-time work as ...
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News briefsKú Cycle seeks to raise €200,000 via crowdfunding campaign
Triathlon bike specialist Kú Cycle seeks to raise €200,000 via a crowdfunding campaign on Crowdcube. At the time of writing, the company has raised €142,000. Customers are offered a pre-purchase bike fit and build-to-order business model. The company has a granted patent for the Fork Air Stream Technology (FAST), which ...
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News briefsInfinited Fiber faces layoffs as part of its restructuring efforts
Finland-based textile technology specialist Infinited Fiber has adjusted its cost and organizational structure as part of its restructuring efforts. According to the company, the negotiations, which have now been completed, have resulted in both temporary layoffs among the staff of Infinited Fiber Company Oy and Infinited Fiber Kemi Oy and ...
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News briefsCarbios partners with De Smet on construction of PET biorecycling plant
Carbios, a French company specializing in biological recycling based on enzyme technologies, has announced that it is partnering with De Smet Engineers & Contractors on the construction of a polyethylene terephthalate (PET) biorecycling plant, described by Carbios as the first-of-its-kind in the world. The facility in Longlaville, in northeast France, ...
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News briefsBain Capital reportedly plans to help Snow Peak go private
Late last week, several media outlets worldwide reported that the US buyout fund Bain Capital is planning to take Japanese outdoor manufacturer Snow Peak private in a management buyout valued at 50 billion yen ($333 million). Snow Peak responded on Feb. 16 that the news was not based on a ...
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News briefsAluula announces appointment of new President
Canadian materials technology company Aluula Composites Inc. has appointed Sage Berryman as President. Berryman brings decades of executive experience to Aluula. With deep capital markets expertise, she has played a key role in leading transactions and partnerships valued at over $4 billion, specifically with innovative technology companies. Before joining Aluula, ...
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ArticleCake files for insolvency, administrator seeks buyer for business operations
What several Swedish media outlets have already reported has just been confirmed by both the appointed insolvency administrator and on the website of the Swedish manufacturer of electric motorcycles itself: On Feb. 1, Cake 0 Emission AB had to file for insolvency. Lawyer Jakob Callmander from the Stockholm-based law firm ...
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ArticleRevelyst provides ‘GEAR Up’ transformation update, closes offices and consolidates teams
Revelyst, the segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, announced an update on its “GEAR Up” transformation initiative (the title refers to the future ticker name “GEAR” of Revelyst on the New York Stock Exchange). As part of the spin-off process, Revelyst ...
