All Corporate articles – Page 54
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News briefs
Clarus raises $11.5m from three top investors to bolster financial strength
Utah-based Clarus Corporation, parent company of Black Diamond, Pieps, Sierra Bullets and Skinourishment, entered into an agreement with three of its top 10 investors - Brown Advisory, Greenhouse Funds and TT Investimentos - to sell 900,000 registered shares of the company to support future growth. The sale will be priced ...
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Canada Goose gets positive rating by Moody’s
Rating its debt for the first time, Moody’s gave Canada Goose a B1 corporate family rating and a B2 rating to a proposed senior secured loan of 402 million Canadian dollars (€258m-$300m) due in 2027, nearly half of which would be used to add cash to its balance sheet and ...
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News briefs
Snowleader is expanding its HQ and warehouses
According to Sport-guide, Snowleader is expanding its headquarters in Epagny, on the outskirts of the French city of Annecy, to a total of 3,000 square meters. It is also taking charge of five former Caterpillar warehouses in Versoud, below the Les 7 Laux ski resort, and adding new buildings. The ...
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ArticleFischer lays off 150 workers
Like Rossignol, which has just announced the elimination of 95 jobs, Fischer Sports has decided to lay off 150 workers at its Ukrainian ski factory following a drop of about 25 percent in pre-orders for the coming autumn/winter season. However, the management is cautiously optimistic about the near-term future, considering ...
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ArticleABK is closing down
ABK Company, owner of the ABK climbing brand, is winding up its business, which has run out of capital and was placed in liquidation on Aug. 4 by France’s commercial court. According to Hugo Allard, the company’s chief executive and one of its founders, it was the combination of Covid-19 ...
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ArticleChamatex to open “smart” footwear factory in France with Salomon and others
French textile producer Chamatex has teamed up with Salomon, Babolat and Millet as well as an investment company on the construction of a new footwear manufacturing facility called Advanced Shoe Factory 4.0 (ASF 4.0) in the Auvergne-Rhône-Alpes region of France. ASF 4.0 was founded by Chamatex with the goal of ...
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News briefsExtrem Skis expands ski factory in Åre
The Swedish ski brand Extrem Skis has unveiled pictures of the new 350 square meter expansion of its ski factory in Åre. The company stated that it took three years of planning and one year of construction to complete the new annex. Extrem Skis also invested in two state of ...
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News briefsDénériaz moves to larger premises
Sport-guide.com reports that Dénériaz, the French ski brand founded eleven years ago by Olympic champion Antoine Dénériaz, has moved its headquarters to a 700-sqm site in the Vernays industrial zone in Doussard. This space, almost double that of the previous facility, meets the needs of the “rapidly expanding company,” as ...
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ArticleKlarna becomes the most valuable financial start-up in Europe
Klarna, a Swedish online payment service provider with headquarters in Stockholm, raised $650 million in an equity funding round, which values the whole company $10.65 billion. Klarna claims that the valuation ranks it as the highest-valued private fintech in Europe and the 4th worldwide. The funding round was led by ...
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News briefsPrimaLoft and Shanghai Challenge Textile enter exclusive global production partnership
PrimaLoft, Inc. and Shanghai Challenge Textile Co, LTD have announced an exclusive partnership for the production of PrimaLoft® Performance Fabrics. Shanghai Challenge is a Shanghai-based manufacturer with a proven track record for the design, research, development and production of functional fabrics. The company will bring this expertise to the PrimaLoft® ...
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ArticleClarus expects Black Diamond and Sierra to grow
In a presentation at this year’s virtual edition of the Gateway Conference in San Francisco, an annual invite-only conference that brings together the most compelling companies with the nation’s top investors and analysts, Clarus called the Covid-19 pandemic a “potential blessing” for its Black Diamond and Sierra brands, as new ...
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News briefs
Altexa launches HDry in North America
Matteo and Luca Morlacchi, the Italian brothers who invented the OutDry technology, which Columbia Sportswear acquired 10 years ago, presented a new waterproof and breathable membrane called HDry® at Ispo Munich 2020 with their company Altexa srl. Now, Altexa and GHS Holdings announced the launch of the HDry® brand in ...
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News briefs
Fjällräven sued by Colorado landlord
Several sources have reported that Fjällräven’s landlord in Boulder, Colorado, has sued the outdoor company for not paying rent for its store at 1048 Pearl Street since April. The landlord, Ten Eleven Pearl LLC, claims that Fjällräven owes $88,760 in base rent and $38,261 in additional charges. The 356 square ...
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News briefs
Snow Peak opens U.S. headquarters in Portland
Snow Peak, an outdoor gear and apparel company originally from Japan and sold all over Asia, in the U.S. and the UK, reported that it has opened its U.S. headquarters and a retail flagship store at 404 NW 23rd Ave. in Portland, Oregon. The brand, founded in 1958, has grown ...
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ArticleLloyds Fonds acquires 2.4% of Polygiene AB
As we reported earlier, the Swedish fabric technology brand Polygiene, which was founded in 2006 as a spin-off of the Swedish chemical company Perstorp, was among the winners in the Covid-19 pandemic thanks to its new antiviral treatment, ViralOff®, which was launched in April. This success also aroused the interest ...
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News briefs
Arc’teryx opens new brand store in Calgary
Arc’teryx opened its first North American brand store in 2020 in Calgary’s largest retail center, the Chinook Centre, on Aug. 29. The new 130 square-meter store is the brand’s third store in the Canadian province of Alberta, and the second one in the city of Calgary. The design incorporates a ...
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News briefsSmith & Wesson spins off American Outdoor
Smith & Wesson, the American manufacturer of firearms, completed the spin-off of its outdoor products and accessories business, American Outdoor Brands, on Aug. 24. As of the following day, American Outdoor is trading on the NASDAQ exchange under a new ticker symbol: AOUT. Each holder of Smith & Wesson common ...
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ArticleBradshaw Taylor repositions Le Chameau
After Bradshaw Taylor Ltd, an outdoor sales specialist from Oakham, UK, bought the premium boot brand Le Chameau last November, the family business has invested heavily in the brand. To position it well for the future, company boss Corry Taylor and his team have made drastic and daring changes that ...
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News briefsPeak Performance opens new flagship store in Hamburg
Peak Performance will open its new flagship store in Hamburg, Germany, on Sept. 3. The store is centrally located in Hamburg’s city center at Bleichenbrücke 10/Kaufmannshaus and builds on the Swedish brand’s strategic approach of combining fashion and function. The focus is on urban lifestyle and nature and is balanced ...
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News briefsNo More Boots secures new capital for SkiClicker and more
The Swedish company No More Boots™, which was founded in 2015 and invented the SkiClicker™ concept, reports that is has raised new capital. While round-one investors in the company, Almi Invest and E14, are re-investing, the company has told The Compass that among the new investors are Tommy Eliasson Winter, ...
