All Corporate articles – Page 40
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News briefsPolyver invests in production facilities, website and logo revision
Swedish boot brand Polyver, based in Pilgrimstad, has finished a renewal process of its online brand presentation and logo. In the new logo, a domestic brown bear replaces the former white polar bear – a move that reflects the broadening Polyver collection that is increasingly supposed to be worn all ...
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ArticleMajor investment in Portuguese bicycle production for the EU market
The Portuguese bicycle industry association ABIMOTA has unveiled a major project with a planned total investment volume of over €258 million, through which Europe’s leading bicycle production intends not only to strengthen but also to expand its role. Plans also call for creating a technology center as a hub for ...
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News briefsFull Tilt brand will be dropped, product to be integrated in K2 Skis boot collection
Seattle-based K2 Sports announces its plans to integrate the Full Tilt collection of ski boots into the K2 product line, effective for the 2022/2023 ski season. Founded in 2006 under K2 Sports, the Full Tilt brand has been known for its three-piece ski boot technology, the choice of top pros ...
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News briefsUvex Group builds new logistics and service center
With a symbolic groundbreaking ceremony on Sept. 27, the Uvex Group gave the starting signal for the construction of the new, modern and sustainable logistics and service center in Rednitzhembach, Germany. The building, which has been pre-certified by the German Sustainable Building Council (DGNB), will begin to take shape in ...
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ArticleListed majority owner of Bikeleasing-Service renamed
On June 16, German technology group Brockhaus Capital Management AG (BCM), which has only been traded on the stock exchange since July 2020, signed a purchase agreement to acquire a majority stake in Bikeleasing-Service GmbH & Co. KG (BLS), “a leading digital B2B platform for the highly automated brokerage and ...
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News briefsSwiss e-bike pioneer Flyer takes off in North America
Like the German mountain bike manufacturer Propain Bicycles, Swiss e-bike pioneer Flyer AG, part of Europe’s largest bicycle buying group ZEG (Germany), is also using this year’s U.S. bicycle festival Sea Otter Classic in Monterey, California (Oct. 7-10), to enter the U.S. market. Flyer is not only eyeing the ...
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News briefsPropain Bicycles goes America
German niche D2C brand Propain Bicycles (custom handcrafted mountain bikes) is using the 2021 Sea Otter Classic U.S. bicycle festival in Monterey, California, which has been moved from its traditional May date to Oct. 7-10, to introduce itself along with its newly formed subsidiary Propain Bicycles USA. With this move, ...
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News briefs
Amer plans to upgrade its distribution center in Utah
Amer Sports is reportedly offering to invest $30 million to upgrade its U.S. operations in Ogden, Utah, creating between 100 and 155 new jobs over ten years, in exchange for various local and state tax incentives worth a total of $4.08 million. The investments would include a budget of $2.46 ...
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News briefsCake closes $60 million fundraising for future growth
Stockholm, Sweden-based SOG member Cake reported that its latest financing round of $60 million – $14 million in convertible bonds and $46 million in financing – exceeded expectations. The round was anchored by Swedish pension fund AMF, investing alongside a handful of new investors and with support from current shareholders ...
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News briefsVittoria Group doubles LTT production capacity with $20 million investment
With an investment of $20 million, Italian bicycle tire manufacturer Vittoria S.p.A. plans to double the production capacity of its manufacturer Lion Tyres (Thailand) Co. (LTT). The new factory will not only increase capacity, but also create “the world’s first carbon-neutral production facility for bicycle tires,” according to the company. ...
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News briefs
Welsh women’s outdoor brand ACAI expands internationally
Welsh women’s outdoor brand ACAI is on track to double its sales to £6 million (€7.0m-$8.2m) and export to international markets with the help of a £500,000 (€585,000-$686,000) loan from the Development Bank of Wales, reports wales247.co.uk. The brand was founded in 2017 by Joe and Kasia Bromley and offers ...
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ArticleFor one-time bonus payment: Bike24 starts share buyback
German e-commerce cycling, running and swimming sports retailer Bike24 Holding AG has been trading on the stock exchange floor since the end of June 2021. The company’s shares, which once launched with a purchase price of just €15 and then often moved up, but also sometimes down, were well up ...
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News briefsDTC e-bike brand Cowboy heads to the U.S.
DTC e-bike brand Cowboy announced on Sept. 23 at the Micromobility America Conference in San Francisco that it is expanding its business to the U.S. At the same time, the Belgian brand is expanding in Europe: the addition of Sweden and Denmark brings the number of served country markets to ...
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News briefsStrong growth for Haglöfs
Swedish outdoor brand Haglöfs reported a 26 percent sales increase during the first half of 2021 compared to the same period last year. The strong performance is related to well-received product lines and overall higher demand for high-quality outdoor equipment, according to CEO Fredrik Ohlsson. “We had a very strong ...
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News briefsMondraker with new headquarter in Spain
Spanish premium bicycle supplier Mondraker has moved into its new headquarters in Elche, 30 kilometers southwest of Alicante. The new building combines everything under one roof - all departments, offices and also production are located close to each other. According to the company, this creates synergies and increases efficiency. However, ...
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News briefsASF 4.0 shoe factory starts production in France
One year after laying the foundation stone and despite the pandemic, the Advanced Shoe Factory 4.0 (ASF 4.0) in Ardoix, in the heart of the Auvergne-Rhône-Alpes region of France, started up its automated production facility for sports footwear on Sept. 16. ASF 4.0 is a subsidiary of textile specialist Chamatex ...
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News briefs
Canada Goose launches automatic share repurchase scheme
Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...
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News briefsOn runs to New York Stock Exchange to go public
Source: On Running On runs to NYSE 100 runners, along with the founders of On, David Allemann, Caspar Coppetti and Oliver Bernhard, and co-CEOs Martin Hoffmann and Marc Maurer ran alongside the Hudson River and over to Wall Street on the morning of Sept. 15 to ring ...
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News briefsSwiss Revolt Zycling revives MTB Cycletech brand
The legal battle over the trademark rights to the MTB Cycletech brand name between former longtime Velobaze CEO George Merachtsakis (who left the company in April 2020) and the Velobaze team led by CEO Sebastian Marten and CFO Michael Läuppi could not be settled when MTB Cycletech parent company Velobaze ...
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News briefs
C.A.M.P. introduces a new logo
Source: C.A.M.P. C.A.M.P., the Italian firm specializing in the manufacturing of technical products for safety in outdoor activities and work at height, has introduced a new logo. The pictogram, defined as “the graphics engine of the rebranding,” was inspired by the mountains at the beginning of the ...
