All Corporate articles – Page 43
-
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, ...
-
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 ...
-
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 ...
-
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. ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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, ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
News briefsSimplon expands Connected Retail Partner program in DACH region and Benelux
Simplon Fahrrad’s Connected Retail Partner program, which was established and extensively tested many years ago at the company’s headquarters at the Simplon Experience Center, currently connects 50 bike retailers. In 2022, it is to be expanded to 100 in the DACH region and Benelux, the company says. The program’s partner ...
-
News briefs
Cotopaxi secures growth investment
U.S. outdoor brand Cotopaxi has secured funding led by Bain Capital Double Impact, Bain Capital’s impact investing strategy. The investment is expected to support Cotopaxi’s global growth, acceleration of its global omnichannel and experiential retail strategy, sustainable product strategy, and impact on poverty alleviation and community development support. As part ...
-
ArticleHoudini drives expansion of circular economy movement with new shareholder
Swedish outdoor brand Houdini Sportswear announced that Italian investment firm GDTRE will join the brand’s co-founders, Hanna Lindblad and Eva Karlsson, who both hold a minority stake in the company and together own 77 percent of the company, as well as Stefan Ytterborn, founder of POC and CEO and founder ...
-
News briefs
Online marketplace Planetics with successful first financing round
Munich-based startup Planetics has successfully closed its first six-figure financing round for its online marketplace for sustainable and fairly produced sporting goods. The exact investment sum was not disclosed. Less than a year after its founding in Oct. 2020, the startup was able to convince various investors, including a former ...
-
News briefs
Underwear brand Saxx gets financial injection
Saxx Underwear, a Canadian men’s functional underwear brand founded in 2006, received a strategic investment from TZP Group, a multi-strategy private equity firm, through TZP Capital Partners III. NLS Group Holdings Inc., led by Krystal Growth Partners which invested in Saxx in April 2010, will retain a significant minority interest ...
-
ArticleAllbirds files for IPO but remains loss-making, plans to open up new apparel categories
Allbirds, the B Corporation-certified San-Francisco-based footwear and apparel brand, has filed with the U.S. Securities and Exchange Commission for an initial public offering. The document lists the size of the transaction at $100 million, which is an estimate used only to set the registration fee of $10,910. Allbirds was last ...
