All Corporate articles – Page 53
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News briefsFerrino promotes a scientific-photographic exhibition in Turin to mark its 150th birthday
Ferrino’s 150th anniversary is being celebrated by a special exhibition at the Museo Nazionale della Montagna (National Mountain Museum) in Turin. The exhibition is entitled “On the Trail of the Glaciers,” which is the name of an international project that combines science and photography around the effects of climate change ...
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News briefs
Karstadt Sports headquarters move in with SportScheck
(SGI) Galeria Karstadt Kaufhof, the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarter of SportScheck in Unterhaching near Munich. The ...
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News briefs
Temporary layoffs stop at XXL in Norway and Finland
A recovery in the demand for sporting goods products in Norway and Finland has led XXL to cancel all the temporary layoffs that it had announced on March 23 due to a considerable sales decline caused by the Covid-19 situation. Sales normalized in April and have picked up recently especially ...
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News briefs
Russian outdoor company eyes re-shoring
Versta, a producer of outdoor garments based in Novgorod, announced plans to build two factories in Russia, one to produce woven fabrics and another to produce nonwoven fabrics. The company has been importing those items from China, but supply disruptions caused by the Covid-19 pandemic pushed the company to embark ...
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News briefs
Canada Goose to cut staff
CBC.ca reports that Canada Goose is laying off 125 of its employees, which is about two percent of its total 5,000 employees. The Canadian parka specialist described the decision as difficult, but said the measure was necessary to offset the impact of the Covid-19 pandemic on its business. According to ...
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ArticleYeti offers more shares after a good Q1
Yeti has announced a secondary offering of 15 million shares by the Seiders family and some of its shareholders. It’s the third time that insiders have sold large batches of shares since the American maker of camping coolers and drinkware went public in 2018. The latest offering came after Yeti’s ...
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ArticleStore closures end Black Diamond’s strong growth
Store closures due to the pandemic pushed Clarus Corp.’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ended on March 31, ...
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News briefsA boom in e-commerce for Kathmandu
Kathmandu, the new owner of Oboz and Rip Curl, said its sales over the internet jumped by between 250 and 300 percent in April because of the coronavirus lockdowns, with the domestic Australian market growing the most. Only two of its 327 stores are now closed, and the company says ...
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News briefsClarus cancels case maker takeover, replaces dividend with shares
Clarus Corp., the American holding company of Black Diamond Equipment and other operations, said it has cancelled its planned acquisition of an American case maker, SKB, by mutual agreement with the sellers as a result of the uncertainties created by the coronavirus pandemic. Clarus would have had to pay $85 ...
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News briefsWolverine issues notes
Like other U.S. companies in our sector and others, Wolverine Worldwide is resorting to a bond offering to help raise more cash as security against the impact of Covid-19. The company announced on May 6 that it is offering $300 million worth of senior notes with a yield of more ...
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News briefsProducer of Indigo and Bogner skis files for bankruptcy
Schwabe & Baer Entwicklungsgesellschaft, which manufactures high-quality skis and ski equipment under the brand name Indigo, among others, filed for insolvency at the Munich district court on April 14. Under the supervision of the restructuring expert Rolf Pohlmann, the provisional insolvency administrator, operations will continue and the company will be ...
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News briefsWolverine reorganizes leadership structure
By May 30 at the latest, Todd Spaletto will be stepping down as president of Wolverine Worldwide’s Michigan Brands group, which consists of the Merrell, Chaco, CAT Footwear, Hush Puppies and Sebago brands. Rather than replace him in the post, Wolverine is promoting three executives and dividing responsibility for its ...
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ArticlePolygiene benefits from antiviral technologies
Polygiene said its revenues grew in the first quarter of 2020, despite production being halted across Asia due to the coronavirus outbreak. According to preliminary estimates, the Swedish company’s sales rose by 4.3 percent from the year-ago quarter, which the management partly attributed to the group being able to deliver ...
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News briefsMcTrek files for insolvency
Yeah! AG of Germany, operator of 43 McTrek outdoor stores and an online shop, filed for insolvency at the district court of Hanau, Germany, on April 1. The company employs 420 people. Yeah! AG was founded by Peter Dausien, founder also of the German outdoor brand Jack Wolfskin, and has ...
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News briefsLa Sportiva is producing masks and scrubs
La Sportiva had already stopped production lines at its factory in Italy ahead of the ministerial order imposing the closure of the factories for unnecessary goods. Now the outdoor company is converting part of the machinery, originally designed for cutting and sewing leather and rubber, for the production of masks ...
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ArticleInterview with Heiner Oberrauch, president of the Oberalp Group
Heiner Oberrauch Source: Oberalp Group We recently heard a lot about the Salewa brand and its operational decisions and support programs during the Covid-19 crisis. After the interview with Salewa’s managing director Stefan Rainer, the Compass now had the opportunity to speak to Heiner Oberrauch, president of ...
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ArticleWolverine wants to save $500 million
As reported in a separate article, Wolverine Worldwide was the company in our industry that got the biggest hit on the stock exchange between Jan. 1 and March 27. On March 26, Wolverine released a detailed statement about the proactive and precautionary measures that it is taking to navigate through ...
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ArticleSalewa cancels SS 2021 textile collection: Interview with Stefan Rainer
To support its retailers during and beyond the ongoing Covid-19 pandemic, the Italian outdoor brand Salewa decided to skip the SS 2021 textile collection. Outdoor Industry Compass spoke with Stefan Rainer, managing director of Salewa, about the rationale and context of this decision. Source: Alex Moling/Storyteller-Labs Stefan Rainer, ...
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ArticleAdventure travel and outdoor experiences: The way out?
The areas of outdoor equipment, outdoor retail and outdoor travel are moving closer together. Several premium outdoor brands have already acquired or partnered with outdoor guides and tour operators, the most recent examples are Norrøna Hvitserk Adventures and Arc’Teryx Trips or Jack Wolfskin’s Wolftrail, but let’s not forget the Mammut ...
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News briefs
German government approves aid for citizens and corporations
(SGI) As the corona crisis sweeps across Germany, the government has assembled an aid package to support families, renters, employees, freelancers and companies. The cabinet, under the leadership of German chancellor Angela Merkel, agreed on Monday to several vast protective measures and far-reaching changes to the legal code. The Bundestag, ...
