All Corporate articles – Page 47
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News briefsIvanhoe celebrates 75th anniversary
Swedish knitwear specialist Ivanhoe will celebrate its 75th anniversary this November. The family-owned company, based in Gällstad, a district known as “Sweden’s own knitting center,” will present a range of styles reflecting important eras and successes from the past, and aims to celebrate with employees and customers ...
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News briefs
Teijin merges two subsidiaries into Teijin Frontier Knitting
Teijin Frontier, the fiber and products converting company of the Teijin Group, has announced that it will merge its subsidiaries Teijin Modern Yarn and Shinwa into a new joint subsidiary called Teijin Frontier Knitting. The merger is due to take place on April 1. Teijin Frontier Knitting will develop, manufacture, ...
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ArticleHalf of A.S. Adventure Group taken over by banks in exchange for €85 million in debt
According to reports by the Dutch financial daily Het Financieele Dagblad and the Belgian business daily De Tijd report, half of the share capital of the Belgium-based A.S. Adventure Group, one of the largest omnichannel outdoor retailers in Europe, has been taken over by several of its creditors – a ...
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News briefsHartje expands Czech e-bike assembly activities
In 2017, German bicycle wholesaler, importer and supplier Hermann Hartje started assembling e-bikes from its own brand portfolio in the Czech Republic with a total of 25 employees. This assembly operation has now moved from a rented site to a new building created by Hartje. The Czech subsidiary Hartje e-factory ...
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News briefsBrand relaunch at Fazua
Source: Fazua With a brand relaunch, e-bike drive manufacturer Fazua opens a new chapter to its newly launched umbrella theme of “Energy Bikes.” According to the German company, the rapidly growing number of sportive cyclists will find Energy Bikes “the optimal natural support in every category.” With ...
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News briefsVF and Pensole offer corporate apprenticeship program for BIPOC students
As part of its ongoing commitment to racial equity, VF Corp. brands Timberland, Vans and The North Face, in partnership with Portland-based footwear design academy Pensole Academy, have launched a new educational program in the U.S. called ”DiverCity x DESIGN.” The program provides unique access to professional design experience and ...
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News briefs
U.S. brand Hyperlite secures equity investment
SGB reports that Hyperlite Mountain Gear, a U.S. East Coast company founded in 2010 by brothers Mike and Dan St. Pierre, has secured an investment from T-street Capital, a Connecticut-based independent growth equity firm founded in 2013 by Dale Cheney. Hyperlite has previously made a name for itself with high-tech ...
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News briefsDeuter introduces new look
After 37 years of constant branding, German backpack and sleeping bag specialist Deuter is introducing its new brand design and logo with the new 2021 spring collections. The new, clean and modern logo is only the fifth in the brand’s more than 120-year history. Alongside the younger ...
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News briefsSimplon prepares for further growth by expanding facilities
Austria’s second-largest bicycle producer, Simplon Fahrrad, has set the course for further growth: the company’s parent, Simplon Holding, has just acquired a property formerly owned by Vorwerk Austria, only 90 meters from Simplon’s premises. It will be handed over on April 1, 2021. No details were given about the purchase ...
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News briefs
New investors for Garmont
Garmont International, the Italian manufacturer of outdoor and tactical footwear, has announced that Italian Strategy Private Equity (ISPE), managed by Riello lnvestimenti Partners, has acquired a 65 percent stake in the company’s share capital. The transaction is expected to be completed by the end of March. Thereafter, Pierangelo Bressan, current ...
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News briefsOne millionth e-bike mid-motor leaves Brose’s production line
Late, but not too late, the German family-owned company Brose Fahrzeugteile came up with the electrifying idea to transfer its long experience as a supplier of electric motors for the automotive industry to the e-bike industry. In 2014 – when e-bikes were already gaining momentum – the company started a ...
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News briefsWolverine gets Standard & Poor’s upgrade
Standard & Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repaid a $171 million, 364-day loan contracted because of the coronavirus pandemic and reported better-than-expected results ...
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News briefsJack Wolfskin celebrates 40th anniversary
The German outdoor brand Jack Wolfskin, owned by the U.S. company Callaway Golf since the beginning of 2019, is celebrating its 40th anniversary in 2021. To mark the occasion, protagonists as well as customers will be featured throughout the year on www.jack-wolfskin.com/40years, who have shaped and accompanied the brand in ...
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News briefsBafang invests in subsidiary for battery pack production in Suzhou
China’s e-bike powerhouse Bafang Electric has just invested in a new subsidiary in its hometown of Suzhou to ensure timely delivery and compatibility of battery packs with Bafang’s products. As a result, the company’s board of directors has decided to establish its third wholly-owned subsidiary, Bafang New Energy (Suzhou) Co. ...
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News briefsMöve Bikes files for insolvency, search for investors in full swing
German bike manufacturer Möve Bikes filed for insolvency on Feb. 5. Attorney Marcello Di Stefano of the Erfurt-based law firm Diligens Rechtsanwälte & Insolvenzverwalter was appointed as provisional insolvency administrator. Business operations are currently continuing, and employees’ salaries have been secured through the advance financing of insolvency benefits. According to ...
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ArticleAmpler Bikes continues to expand after doubling sales in 2020
After doubling its sales last year, young B2C e-bike company Ampler Bikes is looking to simultaneously expand into other national markets this year while maintaining a high growth rate in Germany (currently the company’s most important market). For 2021, the Estonians have their sights set on Switzerland and the Netherlands. ...
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News briefsWayne Edy buys back Inov-8 from Descente
Wayne Edy is back at the helm of Inov-8, the British footwear, apparel and equipment brand he founded in 2003. As the company prepares to launch a new graphene-based running shoe, Edy reportedly already bought back the 80 percent stake in the company last year that he sold to Descente ...
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News briefsGarmin opens manufacturing facility in Wroclaw, Poland
Garmin has opened a new manufacturing and distribution facility in Wroclaw, Poland, to serve automotive and CE customers throughout Europe. The BREEAM (Building Research Establishment Environmental Assessment Method) certified facility includes nearly 30,000 square feet of state-of-the-art manufacturing and distribution space dedicated to the production and supply of infotainment systems ...
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ArticleVolkswagen enters bicycle leasing and financing business
On February 18, Volkswagen Financial Services, a wholly-owned subsidiary of German automaker Volkswagen (VW), announced an expansion of its broad range of mobility services to include leasing and financing of bicycles and e-bikes. The new business will be generated through VW Volkswagen Financial Services’ investment in Digital Mobility Leasing (26 ...
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News briefs
Moody’s responds positively to Vista’s $500m debt offering
Moody’s has upgraded the rating of Vista Outdoor’s new senior unsecured notes from B2 to B3 after the company expanded their offering from $350 million to $500 million in response to strong demand from the financial community. The new notes will bear an interest of 4.500 percent and mature in ...
