All Corporate articles – Page 55
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News briefsHurley family launches new apparel label with surf champion John Florence
John “John John” Florence, the two-time world champion surfer from Hawaii, has announced the launch of his new label, Florence Marine X, in partnership with Bob Hurley and his sons, Jeff and Ryan. The new brand will focus on apparel, especially “products for outdoor exploration and thriving in the elements, ...
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News briefs
Clim8 raises €2.75 million in Series A funding
Clim8, a French start-up specializing in wearable technology, has raised €2.75 million from Seventure Partners, Agileo Ventures and the Deveaux Group. The company said that this round combines three main objectives: First, Clim8’s ambition is to be able to bring its technologies to new industries and new international markets; second, ...
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ArticleRussian outdoor goods industry resumes operation
Russian outdoor industry companies hit by the Covid-19 pandemic are gradually getting back to business. N1Sport – according to its owner, Alexey Surkin – has not only resumed production but expanded its range, beginning to manufacture athletic apparel for the mass market under the Sterin brand. The first products in ...
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News briefsGerman outdoor chain McTrek back on track?
After the Yeah! AG from Germany, majority-owned by the Belgian A.S. Adventure Group and operator of 43 McTrek outdoor stores and an online shop, filed for insolvency on April 1, the retail chain can now reposition itself after a successful restructuring carried out by Thomas Rittmeister, lawyer and restructuring expert ...
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News briefs
Unsecured Go Outdoors creditors likely to receive only small repayments
We have previously reported on the problems of UK retailer JD Sports Fashion with its struggling outdoor chain Go Outdoors. Shortly after Go Outdoors was put into administration in June and Deloitte was appointed administrator, JD Sports Fashion bought the business back in a pre-pack deal, saying that unfair rents ...
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News briefsVF to open multi-brand store in Milan
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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News briefs
Woolrich Europe acquires Ranft-Soller’s shares in Woolrich Germany
As part of the repositioning of the Woolrich brand, Ranft-Soller Holding is transferring its shares of Woolrich Germany to Woolrich Europe. Ranft-Soller Holding, founded in 2000, is made up of the Munich-based sales agency Komet und Helden, the Gents Multibrand Store in Munich and Woolrich Germany. Komet und Helden had ...
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News briefsBritish outdoor brand Alpkit raises €1.6 million on crowdfunding platform
In an investment campaign launched on the CrowdCube investment platform on June 29, British outdoor and bike brand Alpkit was able to raise £1.5m (€1.6m-$1.9m) and surpass its crowdfunding target in less than eight minutes. With the campaign, Alpkit, whose range includes gear to run, hike, climb, camp, swim and ...
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News briefs
JD re-acquires Go Outdoors and commits to stores, staff and liabilities
Only shortly after confirming speculations that “strategic options“ for its Go Outdoors subsidiary have been considered, and one day after appointing Deloitte to administer the struggling outdoor chain, JD Sports Fashion (“JD”) has announced that Go Outdoors “has a future in the Group.” JD consequently re-acquired the business and substantially ...
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News briefs
JD subsidiary Go Outdoors is struggling
JD Sports Fashion has confirmed speculation that a number of strategic options for its Go Outdoors subsidiary have been considered and that the directors of Go Outdoors have filed the Notice in Court. This announcement leads to an immediate moratorium around the company and its property, which will last ten ...
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News briefs
Substantial shareholder urges GoPro to consider a sale
According to SGB Online, Korr Acquisitions Group Inc., a New York-based investment advisor and significant shareholder of GoPro Inc., has sent an open letter to Nicholas D. Woodman, chairman, chief executive officer and founder of GoPro, and Kenneth Goldman, the company’s senior independent director, requesting that the company considers a ...
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News briefs
Globetrotter moves into SportScheck store in Berlin
Globetrotter, the German outdoor retail chain that is part of the Fenix Outdoor group, will move into SportScheck’s 10-year-old store in Berlin-Steglitz, which is scheduled to closed on July 20. Decathlon has a store that is located opposite to the new Globetrotter store, on the premises of a former SportScheck ...
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News briefs
Salomon opens second Paris store
Salomon opened its second store in Paris on May 27. The new 220 sqm store is located at 12 boulevard de la Madeleine, on one of Paris’ “grands boulevards.” Besides the brand’s products, the store offers 3D foot scanning and boot fitting services. The first Paris store, opened two years ...
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News briefs
Yeti shareholders cash out at a low price
Major former shareholders of Yeti Holdings have continued to unload many of their shares, but they apparently did it at a slight loss in a secondary offering, underwritten by Goldman Sachs, that was scheduled to expire on or around June 1. On May 28, they offered 6,067,125 shares at a ...
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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 ...
