All Corporate articles – Page 55
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News briefsWayne Edy buys back Inov-8 from Descente
Wayne Edy is back at the helm of Inov-8, the British footwear, apparel and equipment brand he founded in 2003. As the company prepares to launch a new graphene-based running shoe, Edy reportedly already bought back the 80 percent stake in the company last year that he sold to Descente ...
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News briefsGarmin opens manufacturing facility in Wroclaw, Poland
Garmin has opened a new manufacturing and distribution facility in Wroclaw, Poland, to serve automotive and CE customers throughout Europe. The BREEAM (Building Research Establishment Environmental Assessment Method) certified facility includes nearly 30,000 square feet of state-of-the-art manufacturing and distribution space dedicated to the production and supply of infotainment systems ...
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ArticleVolkswagen enters bicycle leasing and financing business
On February 18, Volkswagen Financial Services, a wholly-owned subsidiary of German automaker Volkswagen (VW), announced an expansion of its broad range of mobility services to include leasing and financing of bicycles and e-bikes. The new business will be generated through VW Volkswagen Financial Services’ investment in Digital Mobility Leasing (26 ...
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News briefs
Moody’s responds positively to Vista’s $500m debt offering
Moody’s has upgraded the rating of Vista Outdoor’s new senior unsecured notes from B2 to B3 after the company expanded their offering from $350 million to $500 million in response to strong demand from the financial community. The new notes will bear an interest of 4.500 percent and mature in ...
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ArticleNiche e-bike brand Nox Cycles launches crowdfunding campaign
German-Austrian bike brand Nox Cycles, which set its course towards e-bikes in 2015 and founded Nox Cycles Austria GmbH based in Zillertal two years later, is currently attracting attention. Last year saw the launch of the construction of “Fort Nox”, a state-of-the-art, sustainable and resource-saving administration and production building with ...
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News briefs
Decathlon plans to produce bicycles in Romania
The cycling boom has prompted Decathlon, a major player in the segment with its private-label lines, to increase its production capacity in Europe. While expanding production in France and Portugal, the company is working with a partner in Romania, Sport Mechanical Workshop, to build a new factory near Timisoara. With ...
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ArticleHaglöfs reports stable sales in 2020
Despite the prevailing pandemic and turbulent market conditions, Swedish outdoor brand Haglöfs reported that it managed to deliver net sales for 2020 in line with last year’s strong performance. The company did not provide any figures. According to CEO Fredrik Ohlsson, the ability to mitigate the crisis is mainly due ...
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News briefs
Dorel Group terminates going-private transaction
Canadian Dorel Industries has terminated the going-private agreement between itself and an affiliate of funds managed by Cerberus Capital Management as buyer by mutual consent. As a result, the planned going-private transaction is a thing of the past. The agreement provided that the above-mentioned buyer would pay Dorel shareholders a ...
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ArticleDelivery problems take their toll on multichannel supplier Rose Bikes
After an extremely successful 2020 fiscal year with a 34 percent increase in sales, the Corona pandemic’s economic effects are now hitting German B2C bicycle supplier and retailer Rose Bikes. The Bocholt-based company speaks of a “lack of delivery reliability on the part of Asian component manufacturers. This has direct ...
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ArticleVF expands the role of equity in its labor policy
In line with its Council to Advance Racial Equity (CARE) and Inclusion, Diversity, Equity and Action (IDEA) initiative, VF Corp. is implementing a number of new measures in its labor policy. “All VF employees will participate in a foundational inclusion and diversity learning journey to ensure they share a common ...
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News briefsNew agenda, new board member at ZEG
Source: ZEG Fred Schierenbeck In order to continue offering customers high-quality, state-of-the-art products in the future, the supervisory board and management board of Europe’s largest bicycle dealer group and cooperative, ZEG (Zweirad-Einkaufs-Genossenschaft eG), have launched a holistic, long-term corporate strategy. An important part of this “Agenda 2030” ...
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News briefsPierer and Kiska set up development center for Husqvarna E-Bicycles
Europe’s leading motorcycle manufacturer Pierer Mobility, together with its young and wholly-owned e-bike division Pierer E-Bikes (brands Husqvarna E-Bicycles, GasGas and R Raymon) and Pierer Mobility’s long-time strategic brand development and design partner from Austria, Kiska, is establishing its own development & design center in Munich for its Husqvarna e-Bicycles ...
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ArticleBrand relaunch for Pyua
The German brand Pyua, which has stood for sustainable outdoor clothing since its inception in 2008, has unveiled a new brand identity that is intended to stand even more uncompromisingly for its sustainability mission. For the brand relaunch, Pyua has focused on three principles: Purity, Versatility and, above all, Circularity. ...
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News briefsVista Outdoor is one of Forbes’ "Best Midsize Employers in America" for 2021
The Forbes list of “America’s Best Employers” for 2021 has named Vista Outdoor, the U.S.-based owner of several ammunition and outdoor sporting brands, including Bell, Giro, Camelbak, Camp Chef and Bushnell Golf, one of “America’s Best Midsize Employers.” The Forbes list was compiled based on an independent survey of 38,000 ...
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ArticleBike Exchange: IPO on Australian Stock Exchange
Source: Bike Exchange The Australian company behind Bike Exchange, Rpro Holdings Limited, went public with its “world’s leading digital bike marketplace.” Since Feb. 9, the marketplace has been listed on the Australian Securities Exchange (ASX) in Sydney under the name Bike Exchange Limited. The share code is ...
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News briefsRiese & Müller is growing consistently
The German premium e-bike supplier Riese & Müller (R&M) is adding a new administration and production building to its ”green” state-of-the-art campus in Mühltal near Darmstadt. Construction work on the new structure will begin in May and is scheduled for completion in July 2022. Following the commissioning of a new ...
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News briefsU.S. e-bike supplier Rad Power Bikes receives further cash injection
Rad Power Bikes, which claims to be the largest e-bike provider in North America, has received another $150 million investment. The D2C e-bike brand, founded in 2007, received the amount from an investor conglomerate that includes Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund, a global ...
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News briefsKästle comes close to previous year’s sales volume despite Corona
Despite an early end to the last winter season due to the Corona outbreak, the Austrian ski brand Kästle has reported that it could continue the growth of previous years and sell nearly as many skis as in 2019. However, the brand did not disclose any numbers. Kästle’s CEO, Alexander ...
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News briefsWomen in the sports business: Cross-gender teamwork is key
A look into the future of the sports industry was offered by Connecting Women’s Women Empowerment panel at ISPO Munich Online on Tuesday. Dr. Jeanette Friedrich, head of ISPO, suggested that the pursuit of equality should be seen as cross-gender teamwork and thus achieved together. Anna Kopp, IT director for ...
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News briefs
Two shareholders demand more for Dorel
According to Bloomberg, two large institutional shareholders are planning to vote against the sweetened offer to pay 16.00 Canadian share for each share in Dorel Industries made a few days ago by Cerberus Capital Management to take the company private. They say that, while it is higher than an initial ...
