All Corporate articles – Page 40
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News briefsDidriksons invests in international growth
The Swedish outdoor brand Didriksons has broken new sales records, according to ehandel.se. “We are seeing an increase of 30 percent compared to last year. This is going to be our best year ever; we had the best spring ever,” Petra Sabo, head of DTC at Didriksons, commented on the ...
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ArticleChange of ownership at family-owned bicycle supplier Stevens
Source: Stevens Stevens founders and brothers Wolfgang (left) and Werner von Hacht. As he reached the age of 65, company co-founder Wolfgang von Hacht retired from the management of Stevens Vertriebs GmbH. His 50 percent share in the German bicycle supplier, which once emerged from a Hamburg ...
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News briefsEcologyst Outfitters to acquire upcycling specialist Frankie Collective
Canadian company Ecologyst Outfitters Inc., an apparel manufacturer with an assortment of 100 percent natural fibers, announced that it has signed a definitive agreement to acquire Frankie Collective, a Vancouver-based company offering upcycled women’s streetwear made from used and unsold garments. With the acquisition of Frankie Collective, Ecologyst opens an ...
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News briefsVittoria issues €5 million sustainability bond through UniCredit
Italian bicycle tire specialist Vittoria, owned by its management and private equity fund WISE Equity, has issued through UniCredit a €5 million ESG (Environmental, Social, and Governance) sustainability-linked bond, which will help finance its investments in capacity and innovation in Thailand and Italy. The bond has a duration of six ...
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News briefsPorsche’s e-bike joint ventures with Ponooc start operations
Source: Porsche AG Jan Becker, Chairman of the Management of the Porsche eBike Performance GmbH As reported earlier, German sports car maker Porsche is looking to expand its e-bike commitment. For that purpose, two joint ventures have started their business today, which Porsche has founded ...
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News briefsCanyon receives reported $30m in new investment
Various press outlets are reporting that Canyon Bicycles has received an estimated $30 million in new capital from two investors. One is LRMR Ventures, the investment group run out of Akron, Ohio, by the NBA player LeBron James and his longtime associate Maverick Carter. (James took a minority interest in ...
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News briefsUSWE nominates Frisk for board of directors
USWE Sports’ nomination committee has proposed the re-election of Mats Jacobson, Martin Kössler, Jenny Graflind and Joel Eklund as ordinary members, Jacobson as chairman of its board of directors. Current board member Fredrik Carling has declined his re-election. In addition, Helena Nordman-Knutson and Patrik Frisk were nominated for election as ...
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News briefsLenzing partners with Red Points on IP protection
Lenzing, the global producer of wood-based specialty fibers, has announced a new partnership with Red Points, the specialist in online brand protection, to fight counterfeits and protect its customers. The partnership will help Lenzing strengthen its current brand protection efforts globally and help monitor brand services. Red Points automatically uses ...
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News briefsBike24 revises 2022 annual forecast
German bike, running and swimming sports online retailer Bike24 Holding AG has revised its previous forecast for the full year 2022 downwards due to the further deterioration in economic conditions in Q2 2022. According to the Dresden-based company, which has been listed on the stock exchange since June 2021, the ...
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News briefsMulticycle announces seven new openings in Germany
Following the opening of its 30th bicycle store in its home country of Germany in Gütersloh, Multicycle Fahrrad-Handels GmbH & Co. KG has announced the opening of no fewer than seven additional locations until the first quarter of 2023. With its expansion plans behind it, the chain store operator (Multicycle ...
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News briefsSamsonite has divested all commercial activities in Russia
According to a company release, Samsonite International S.A. (and its consolidated subsidiaries) divested its Russia business on July 1. The withdrawal’s financial terms and details have not been disclosed. The company had announced in March that it had suspended all commercial activities in Russia until further notice. Kyle Gendreau, Samsonite’s ...
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ArticleNew association to support cycling start-ups in France
A new French trade association, called Cycling Tech France, has been launched to support national cycling start-ups, Sport-Guide has reported. The organization, established by Eric Dodin and Alexandre Rispal, gathered for its first official meeting on July 1. Based on Sport-Guide’s information, the association’s members currently include Ateliers Heritagebike, Caminade, ...
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News briefs
Michael Casey becomes interim CEO at Kathmandu
Reuben Casey, who over the last 12-plus years has served the company in a variety of senior executive roles, among them CFO and COO, is resigning from New Zealand’s KMD Brands Ltd. Michael Casey will be serving as interim Kathmandu CEO while the group considers options for Reuben Casey’s replacement. ...
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News briefs
AMSilk kicks off setup phase for industrial production
AMSilk, a Munich-based supplier of bio-based silk materials, has announced plans to increase production capacity by several thousand tons per year and expand its production network outside Europe. In the sports industry, the company’s “Biosteel” vegan biopolymers have premiered in the upper of an Adidas running shoe. AMSilk is also ...
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ArticleElevate Outdoor Collective reorganizes global sales structure
Elevate Outdoor Collective (EOC), formerly K2 Sports, which includes the K2 Ski, K2 Snowboarding, Völkl, Marker, Dalbello, Line, Ride, BCA, Tubbs Snowshoes, Atlas Snowshoes, Madshus and K2 Skates brands, has announced a fundamental change to its global sales structure designed to support the growth of the independent brands. The change, ...
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News briefsevo to build second campus with retail, hotel and more in California
Source: Evo Lake Tahoe (California) Seattle-based outdoor retail and adventure brand evo has announced plans to build a new campus in Tahoe City, Calif. The new campus will be centrally located on the shores of North Lake Tahoe. Like Campus Salt Lake, Campus Tahoe City will be ...
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News briefsMillet Mountain Group opens factory in Tunisia
Millet Mountain Group (MMG), the owner of French mountaineering and mountain apparel brands Millet and Lafuma, is opening a new factory in Tunisia. The 3,500-square-meter facility in Monastir has an automated cutting room featuring quilting technology and mechanical and laser cutting machines. The factory also features two embroidery machines and ...
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News briefsSimplifyber successfully closes new funding round for cellulose-based material innovation
Source: Simplifyber Simplifyber, a U.S. start-up company founded by designer Maria Intscher-Owrang, has finished a funding round, generating $3,5 million to back up the go-to-market of the company’s regenerative material that aims to make weaving or knitting obsolete. The product Simplifyber is a cellulose liquid based on ...
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News briefsStorck launches third crowdfunding campaign
The German company Storck Bicycle has launched another crowdfunding campaign, the third after 2017 and 2018. The campaign offers interested investors the opportunity to participate in the company founded in 1995 with a fixed interest rate of 6.50 percent per year with semi-annual interest payments. The investment limit is €1.5 ...
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ArticleMichael Sieber, Ortovox: “Family is essential”
In our interview with Michael Sieber, member of the Ortovox executive board, head of the new customer and brand division and head of sales, we learn more about the geopolitical situation, the internationalization of the company and why family is so important in a healthy work environment.
