All Corporate articles – Page 42
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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 ...
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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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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 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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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 ...
