All Corporate articles – Page 52
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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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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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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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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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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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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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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 ...
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ArticleÅre Skidfabrik invests for the future
As previously reported, the Swedish ski manufacturer Åre Skidfabrik recently expanded its facilities near the ski resort of Åre. It has now been revealed that the expansion was part of the company’s largest single investment in its 40-year history. In addition to the 50 percent larger production area, this also ...
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ArticleOpen Air Group invests in fast-growing Swedish outdoor brand Garphyttan
Open Air Group (OAG), a Stockholm-based group that includes the Chevalier, Tracker, Alaska 1795, Burrel and Valio brands and e-retailers Widforss.se, Widforss.no, Retkitukku.fi and Koiravaruste.fi, is becoming a minority owner of the fast-growing Swedish outdoor brand Garphyttan. Garphyttan develops clothing for outdoor life, work and leisure and has in a ...
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News briefs
Dorel calls special shareholders’ meeting for going-private transaction
The shareholders of Montréal-based Dorel Industries, the parent company of Cannondale, GT, Schwinn and other bike brands, will hold a virtual extraordinary meeting on Jan. 12 to vote on the offer by Cerberus Capital Management to take the company private at a price of CAD14.50 per share. Dorel’s board of ...
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ArticleHeiQ now listed on the LSE
On Dec. 7, thanks to a reverse takeover into Auctus Growth Plc, the textile materials company HeiQ was listed on the London Stock Exchange, under the ticker symbol HEIQ. The stock was oversubscribed on issue and raised £60 million (€66m-$80m) before expenses. The new public interest in the company doubtless ...
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News briefs3M continues to restructure, impacting 2,900 jobs worldwide
U.S. technology company 3M announced the continuation of its restructuring plan initiated last January, which will result in a cut of about 3 percent of its global workforce, amounting to roughly 2,900 jobs. After introducing a new global operating model in January that was meant to enhance the way the ...
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News briefs
German sports crowdfunding platform breaks €10 million mark
Germany’s largest sports crowdfunding platform, fairplaid.org, has reached a record, with a total of €10 million distributed to athletes, sports clubs and regional projects throughout the country. The sum was achieved with more than 1,700 fairplaid projects and more than 125,000 supporters. According to a spokesperson for the platform, fairplaid’s ...
