All Corporate articles – Page 50
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ArticlePortugal officially inaugurates Europe’s first large-scale carbon frame factory
Led by Portugal’s minister of state for the economy and digital transformation, Pedro Siza Vieira, Carbon Team’s new production facilities were officially inaugurated on July 9 in Camoia, in the Portuguese municipality of Vouzela. Carbon Team is the first European automated carbon bicycle frame factory outside Asia. Hardtail monocoque carbon ...
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News briefsPierer Mobility reports strong two-wheeler sales in the first half of the year
With total sales of 176,045 motorcycles and 53,378 e-bikes and bicycles worldwide, Austrian two-wheeler giant Pierer Mobility AG has closed the first half of 2021 on a strong note. While the motorcycle sales under the KTM, Husqvarna and GasGas brand names almost doubled with an increase of 94.9 percent compared ...
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News briefs
VF brands get high marks for transparency
Three VF Corp brands – The North Face, Timberland and Vans - ranked high in the 2021 Fashion Transparency Index published by Fashion Revolution, a global activist movement that is pushing for greater disclosure in fashion supply chains, warning that progress in transparency in the sector generally remains “too ...
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News briefsKathmandu group issues profit warning
The new Covid-related retail lockdowns in Australia have negatively affected the profitability of Kathmandu Holdings. Its guidance for the financial year ending July 31 has been reduced to underlying Ebitda of 120 million New Zealand dollars (€71.3m-$84.1m) on revenues of NZ$ 930 million (€552m-$651m), which would compare with Ebitda of ...
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News briefsGruppo sets course for the future with new majority shareholder and CEO
U.S. investor Asobi Ventures Inc. has acquired a majority stake in Italy’s Gruppo Srl, the parent company of bicycle manufacturer Cinelli and (bicycle frame) tube producer Columbus. Further details of the transaction were not disclosed. At the same time, Gruppo has appointed Marcello Segato as CEO. Source: Gruppo ...
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News briefsThe Renewal Workshop closes $6 million investment round
Secondhand solutions specialist The Renewal Workshop (TRW), a B Corp headquartered in Cascade Locks, Oregon, with offices in Amsterdam, has secured $6 million following a successful funding round from investors including Rubio Ventures, Shift Invest, Quadia, Closed Loop Partners, Fashion for Good, Gratitude Railroad, Portland Seed Fund and others. TRW ...
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News briefsInfinited raises €30 million, Adidas among new investors
Finnish circular textile technology company Infinited Fiber Company, which just signed a multi-year distribution agreement for its regenerated textile fiber called Infinna with Patagonia, has secured investments totaling €30 million in its latest financing round closed on June 30. The round also brought Infinited new investors, including sportswear company Adidas, ...
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News briefsLeki to relaunch with new corporate identity, logo and technologies
Leki, known for its ski, hiking and Nordic walking poles as well as the Trigger system, has unveiled to its business partners a new brand logo and company image after 33 years. From 2022, the new corporate identity is intended to appeal to the entire and very diverse target group ...
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News briefsPatagonia signs multi-year agreement with Infinited Fiber
Patagonia and Infinited Fiber Company, a Finnish circular fashion and textile biotechnology company founded in 2016, have signed a multi-year distribution agreement for Infinited’s regenerated textile fiber called Infinna. The virgin-quality fiber comes with the soft and natural look and feel of cotton. It is made from cotton-rich textile waste ...
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News briefsOutdoorsy raises $120 million to support accelerated marketplace growth
Outdoorsy, a global online RV rental and outdoor travel marketplace, announced that it has raised $120 million in equity and debt financing. The $120 million raise includes a $90 million private placement equity round led by Moore Strategic Ventures, ADAR1 Partners, Monashee Capital, SiriusPoint Ltd and Convivialite Ventures, the corporate ...
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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, ...
