All Corporate articles – Page 49
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News briefs
Terra Nova establishes Dutch subsidiary to avoid Brexit costs and disruption
U.K.-based outdoor gear designer Terra Nova said it is moving its export business to The Netherlands to avoid crippling Brexit-related costs and trade friction. The new entity, Terra Nova Equipment Europe B.V., will be located in Amsterdam and deal with all European business as well as a majority of trade ...
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News briefs
Rapala acquires Okuma brand and associated property rights in Europe and Russia
Rapala VMC and Okuma Fishing Tackle have agreed that Okuma will transfer to Rapala its European and Russian trademarks and associated intangible assets against consideration of $8 million. The two companies have also agreed to conclude a supply agreement for the area. Okuma will become the flagship brand in Rapala’s ...
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News briefs
Moody’s upgrades Vista Outdoor once more
A fast-growing ammunition market in the U.S. due to the anxiety caused by the coronavirus pandemic and the trend toward outdoor activities is leading to better financial prospects for Vista Outdoor, which is also the owner of “quieter” international brands like Camelbak, Bell and Giro. As a result, Moody’s is ...
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News briefsArgon 18 to open European headquarters
After Copenhagen-based investor Henrik Lyngbye Pedersen and his company, Bregnerød Investeringsselskab Aps, increased their stake in Canadian road cycling and triathlon outfitter Argon 18 to a strategic (albeit undisclosed) majority stake in early 2019, ties to Denmark have now been further strengthened: On Jan. 26, the Montréal, Québec-based premium bike ...
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ArticleGreenstorm Mobility: new majority shareholder, new management
Greenstorm Mobility, a young Austrian e-mobility company that combines e-mobility with a sharing and second-hand concept, has a new majority shareholder and a new management duo. While a British private equity firm, Bregal Milestone, invested a “double-digit million amount” in 2018, it now gave another unspecified cash injection, making it ...
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News briefs
Idealp Sport is placed under administration
Idealp Sport, a French skiwear company based in Albertville, has been placed under administration (“procédure de sauvegarde” under French law) by the Chambéry commercial court, as reported by sport-guide.com. The Henri Duvillard brand, which Idealp sold to Amateis in Dec. 2020, is not involved in the procedure. The Degré 7 ...
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ArticleBüchel integrates Kuhnert and Exal into group portfolio
In streamlining the organization, Kuhnert Drahtwaren and Exal Europe have been integrated into the Büchel Group. “Since Jan. 1 of this year, Büchel GmbH & Co. Fahrzeugteilefabrik KG has taken over the joint business operations of the two companies,” reads a statement from the German bicycle parts manufacturer’s corporate headquarters ...
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News briefs
Tecnica partners with H-Farm on vocational training for the sports industry
Tecnica Group has signed a partnership agreement with H-Farm, the innovation hub in Ca’ Tron, near Venice, Italy, which combines investment, business consulting and digitally-enhanced educational programs. The partnership includes digital courses for Tecnica employees and new educational programs to train both current and future workers in the sports industry. ...
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News briefs
Teijin establishes sustainable tech innovation center in the Netherlands
Teijin, a Japanese high-performance fiber developer, has announced the creation of its new European Sustainable Technology Innovation Center (ESTIC) in Arnhem, Netherlands. The new R&D hub will focus on the development of Teijin’s environmental-value materials and solutions. ESTIC will also establish a satellite office at Brightlands Chemelot Campus, an open-innovation ...
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News briefs
Bern Helmets prepares for future development
Bern Helmets has announced an expanded leadership team. Founder Dennis Leedom will join Adam Godwin, CFO, in leading a team of seasoned action sports professionals from the new headquarters in the Cordage Commerce Center, a renovated industrial park in Plymouth, Massachusetts. Leedom has more than 25 years of experience in ...
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News briefsSpecial needs bike producer Van Raam buys Polish factory
To meet the high demand for special needs bikes, Dutch special and therapeutic bike producer Van Raam has bought a factory in Poland. The contract was signed already in mid-December. No information was provided on the purchase price. The factory is located in the southwest of the country, in Wykroty, ...
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News briefs
Danish retail chain Eventyrsport acquires stake in outdoor experience portal
Danish outdoor chain Eventyrsport, which operates 13 physical stores and an online store that is also available in Swedish, has bought into Outdoor365 ApS, a Danish outdoor experience portal. Outdoor365 has organized the country’s largest outdoor festival in Ry since 2015 and last year launched an online portal where users ...
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News briefsAntonio Dus is the new CEO of Cicli Pinarello
Source: Pinarello Antonio Dus After heading Tecnica Group for the past five years, Antonio Dus has now been named the new global CEO of Cicli Pinarello. He has a financial stake in the high-end bicycle brand, which came under L Catterton’s control, the LVMH-backed private equity firm, ...
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News briefs
Freestyle skier Candide Thovex launches clothing brand
The French freestyle skier Candide Thovex has launched Candide, a brand new technical outerwear, apparel and accessories brand. The brand is already launching this winter with a complete unisex collection of outerwear, apparel and accessories. Each piece in the collection was conceived, designed and assembled under the supervision of Thovex. ...
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News briefsVF to move Asia-Pacific operations to Shanghai
VF Corp. has decided to move the center of its brands’ operations in the Asia-Pacific region from Hong Kong to Shanghai, where it already has some 900 office and retail employees. Some of the operations will also be transferred to Singapore and Kuala Lumpur, the capital of Malaysia. The transition ...
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News briefsU.S. start-up Sēkr closes first funding round
Sēkr, an American, all female-owned start-up and creator of The Vanlife App, an app that provides community connections and outdoor travel resources in one, has closed its first funding round. With a 400-percent increase in camping activities in the U.S. this year (according to The Guardian), the two founders, Breanne ...
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News briefs
Dorel delays vote on going private
Montréal-based Dorel Industries has postponed a special shareholder meeting to vote on the sale of the company to Cerberus Capital Management to give itself more time to consider the terms of the deal. The meeting will be held on Feb. 16 instead of Jan. 12. A special committee of six ...
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News briefs
Italian ski resorts to introduce tighter restrictions in view of reopening
Italy’s Technical Scientific Committee (CTS) has recommended tighter restrictions for ski lift operations connected with the ongoing pandemic. Ski resorts in the country are currently shut but are due to reopen on Jan. 7. The guidelines that regional authorities submitted did not fully convinced the committee at the end of ...
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News briefs
HumanForest raises €1.4 million via crowdfunding
HumanForest, the British e-bike sharing start-up, has completed its crowdfunding campaign and raised around €1.4 million. Support came from 523 investors via Crowdcube. Founded in 2019, HumanForest aims to offer sustainable micro-mobility to a host of global cities, starting with London in spring 2021. The company successfully ran a trial ...
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News briefs
Major burglary at Specialized headquarters
The headquarters of Specialized Bicycle Components in Morgan Hill, California, was hit by a daytime break-in and robbery on Sunday, Dec. 13. According to reports in The Mercury News, the thieves stole 18 high-value bicycles worth more than $160,000 in total. Police officers were called at about 4:35 pm by ...
