All Corporate articles – Page 46
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News briefsStock market newcomer USWE relies on Polygiene technology for new running vests
Swedish outdoor and sports brand USWE is launching a partnership with Polygiene, also from Sweden, to offer running vests that fight odor and last longer. USWE specializes in bounce-free backpacks and hydration packs for mountain biking, running, skiing and motorsports. With the Pace™ 2 and the Pace™ 8, the company ...
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News briefsRevolutionRace completes successful IPO
Swedish outdoor company RevolutionRace, founded in 2013 by Pernilla and Niclas Nyrensten, completed its IPO on Nasdaq Stockholm on June 16 at a valuation of 8.47 billion Swedish kronor (about €838m-$1bn). It is quite rare for a new company to be listed on the Nasdaq Stockholm stock exchange’s main list. ...
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News briefs
USWE starts trading on Nasdaq First North Growth Market
Swedish company USWE Sports AB, founded in 2007 and specializing in jump-free backpacks and hydration packs for mountain biking, running, skiing, and motorsports, will go public on the Nasdaq First North Growth Market on June 24. Earlier this month, the company had completed its offering to the general public in ...
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News briefsMaker of Empel molecular water protection secures $3.5 million in financing
Following a successful Series A round, New Mexico-based Green Theme Technologies, Inc. (GTT), a developer of sustainable and water-free textile technologies, reached its goal of $3.5 million in its first Series B closing. The funds raised will be used to further develop its sustainable platform technologies, including the Empel water-free ...
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News briefsLucky Bike.de opens new company headquarters
After the opening of the new company headquarters of German chain store Lucky Bike.de GmbH in Bielefeld was postponed by a week due to delayed construction work on the exterior facade, the date is now set for July 2. With a total of 29 Lucky Bike and Radlbauer brand stores ...
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News briefsGerman bicycle retailer B.O.C. opens 38th store
German bicycle store chain and multichannel retailer Bike & Outdoor Company GmbH & Co. KG (B.O.C.) is opening its 38th stationary store nationwide on June 24 on the outskirts of the northern German city of Delmenhorst. It is located in a former electrical store with a total area of more ...
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News briefs
ClimatePartner expands to Italy
ClimatePartner, headquartered in Germany, is expanding its international market presence with a country office in Italy. Under the leadership of Giorgio Bertolini, sales manager Italy, a team will be established at the future location in Milan to build and expand business with new and existing clients in Italy. ClimatePartner’s services ...
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ArticleEDM Interview Series #02-2021:
Stellar Equipment ABIn part 2 of EDM’s new Interview Series, we spoke with Stellar Equipment’s COO, Mikael Janerås.
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ArticleEagle Creek to be shut down in fall for financial and strategic reasons
As previously noted, VF Corp. has decided to cease operations of its Eagle Creek travel and luggage brand this fall. Before the end of the company’s activities, pre-orders for fall/winter will be delivered and also follow-up business is planned to be served - as far as possible with the remaining ...
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News briefs
VF seeks U.S. founders for innovation challenge
VF Corp.’s new Venture Foundry incubator is launching an Entrepreneur In Residence (EIR) Innovation Challenge in the U.S. The challenge, designed to identify and validate high-growth opportunities that support VF’s goal of promoting sustainable and active lifestyles for the benefit of people and the planet, is looking for “smart, creative, ...
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News briefsDorel Industries closes new $450 million credit facility
Earlier this year – and after lively discussions between Dorel Industries Inc. and its shareholders – the Canadian conglomerate pulled out of the announced going-private transaction. With shareholders clearly expressing confidence in Dorel’s future and the greater potential for Dorel as a public company, the Canadians now announced that “it ...
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ArticleSigna Sports United buys bike e-tailer Wiggle - and plans to go public
Through a merger with Yucaipa Acquisition Corporation, a U.S. special purpose acquisition company, the previously indicated IPO (see SGI Europe) of Berlin-based Signa Sports United (SSU), led by Austrian investor Rene Benko, will now proceed faster than anticipated. According to a projected valuation, the combined company is expected to reach ...
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News briefsHoneywell acquisitions fuel Rocky Brands’ fishing and outdoor business
At Baird’s virtual 2021 Global Consumer, Technology & Services Conference, Rocky Brands said the addition of the Muck, Xtratuf, Servus, Neos and Ranger brands is pushing the company further into the fishing category and the booming outdoor market in general. Rocky Brands had bought Honeywell International’s performance and lifestyle footwear ...
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News briefsAsolo opens new factory in Romania
Already in April, Italian hiking and leisure footwear company Asolo has opened a new factory in Sibiu, Western Romania, in the presence of the president of Asolo Srl, Marco Zanatta, local authorities, international customers and partners. Asolo RO, an Asolo Group company founded 23 years ago, has already moved its ...
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News briefsGoldwin sets new financial and sustainability targets
Goldwin has laid out a plan to reach an annual turnover of 125 billion yen (€940m-$1.15bn) by the financial year ending in March 2026, up from 100 billion this year, while transitioning to 100 percent recycled and biosynthetic materials. The Japanese company, which markets 18 different brands in its home ...
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News briefsVF reportedly plans to discontinue Eagle Creek
Eagle Creek, the luggage and backpack brand, will cease operations by the end of the year, according to a report in the U.S. Outside Business Journal. Eagle Creek was founded in 1975 by Steve and Nona Barker in the San Jacinto Mountains of California and acquired by VF Corp. in ...
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News briefsComfort for camping newcomers: Outdoorsy invests in Collective Retreats
With the camping travel market booming and the “glamping” theme being promoted by the tourism industry for some time now, Texas-based RV rental company Outdoorsy is entering the luxury camping business. The company, whose offerings are also bookable online for Australians, New Zealanders, Canadians, Britons, Germans, French, Italians and Spaniards, ...
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ArticleNew boss and new structures for Dachstein’s parent
Juha Luhtanen, 51, became the new managing director of the Luhta Sportswear Company on May 4, taking the place of his older brother, Vesa Luhtanen, who has retired after many years at the helm of the Finnish-based family-owned company, previously known as the L-Fashion Group. The change of management has ...
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News briefs
UPDATE: RevolutionRace goes public
According to ehandel.se, RevolutionRace from Sweden has published its prospectus and IPO price on June 7 (we reported earlier). The latter lands at SEK 75 (€7.44-$9.06) per share, which corresponds to a market value of just under SEK 8.5 billion (€843m-$1.02bn). Founders Pernilla and Niclas Nyrensten, who currently own 34 ...
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News briefsPexco with name change and new organizational structure
Now that Austria-based Pierer E-Bikes GmbH (GasGas Bicycles, Husqvarna E-Bicycles and R Raymon brands) and Germany-based Pexco GmbH have grown together into a successful organization after nearly a year and a half under the umbrella of Austrian two-wheeler giant Pierer Mobility AG (KTM Sportmotorcycle, Husqvarna Motorcycles and GasGas Moto motorcycle ...
