All Corporate articles – Page 55
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Article
Assosport releases a statement on coronavirus
(Updated March 15) Assosport, the association of the Italian sporting goods industry, has published an open letter to its members from its president, Federico De Ponti, in relation to the coronavirus crisis. In the letter, De Ponti explains that Assosport has taken action through Confindustria, the Italian employers’ federation and ...
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News briefs
VF closes a special “green bond”
VF Corp. announced on Feb. 27 the closing of the first “green bond” in the apparel and footwear industry. The net proceeds from the €500 million bond offering will be used for investment in programs within the company’s “Made for Change Sustainability & Responsibility Strategy,” and to drive progress toward ...
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News briefs
Woolpower expands production capacity
Woolpower, the Swedish specialist in wool bodywear and accessories, says it intends to further expand the production capacity in its own factory due to its good long-term order situation and is investing in new employees and machines. Up to 30 knitting machine operators, converters and seamstresses are to be recruited ...
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Article
Ternua establishes twin sales departments
There are three pillars to Ternua’s growth strategy: the digitalization of its B2B business, the expansion of its complementary product lines (such as backpacks) and business development abroad. To build on the last of these, the Catalonian outdoor group has split it sales department into two divisions.
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News briefs
Wearcolour Sweden files for bankruptcy
(SGI) As reported in Sportfack, the Swedish industry magazine, Wearcolour Sweden, a Swedish brand of anoraks, ski jackets and trousers with distinctive color blocking that also owns the Void Cycling trademark, went bankrupt on Feb. 11 at its own request in Gothenburg. A notice on its website said that no ...
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News briefs
Changes in Lenzing's management board
(SGI) Lenzing, the producer of cellulosic fibers, is switching out one member of its management board and expanding it by one seat. On March 1, Stephan Sielaff, Lenzing’s new chief technology officer, will take the seat vacated late last year by Heiko Arnold, who has left the company. A chemical ...
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News briefs
Moncler continues to grow
(SGI) The chief executives of Moncler and Kering have both denied press speculation about a possible acquisition of the Italian brand of luxury outerwear by the parent company of Gucci, Saint Laurent and other luxury goods brands, which spun off Puma two years ago. Indicating that there were no concrete ...
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News briefs
Shimano buys Pioneer Sports Cycle assets
(SGI) Shimano is planning to develop new products, web services and applications using certain assets of Pioneer Sports Cycle that it has acquired from Pioneer Corporation, the U.S. company that developed the first pedaling monitor and cycling computers in 2013. Many of Pioneer’s current products have been designed to be ...
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News briefs
The Calida Group continues to slim down the Lafuma Group
The Calida Group continues to slim down the Lafuma Group, focusing it on the Lafuma and Millet brands. It reports that Rainbow, a company founded by Emmanuel Debruères and Jean-Christophe Chetail, has offered to acquire Oxbow from Lafuma, adding that Debruères and Chetail seek to raise Oxbow toa new stage ...
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News briefs
VF Corporation is restructuring its management in Europe
Andrea Cannelloni, Napapijri’s long-standing vice president and general manager for EMEA, is to drive digital product development and head product development, sustainability and sourcing in a newly created position: president product platform. He will be responsible for the Napapijri, Timberland and Dickies brands. Timo Schmidt-Eisenhart, who has been with VF ...
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News briefs
Spartan Race announced the acquisition of Tough Mudder’s U.K
Spartan Race, the global leader in obstacle course racing, has recently announced the acquisition of Tough Mudder’s U.K., Canadian and German events. This is the first step in an effort to merge both obstacle course race leaders. Events in these countries will continue to be operated by the same team ...
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News briefs
The Austrian Lenzing Group will build a wood-pulping plant in Brazil
The Austrian Lenzing Group will build a wood-pulping plant in Brazil as part of a joint venture with the wood-based materials group Duratex. The plant in the state of Minas Gerais, near São Paulo, will strengthen the backward integration and thus the special fiber growth of the fiber producer and ...
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News briefs
Bluestar Alliance turns Nike’s former action sports brand into a licensed operation
(SGI) Bluestar Alliance, the new owner of Hurley, is moving quickly to turn Nike’s former action sports brand into a licensed operation. According to ShopEatSurf, it has signed contracts for the U.S. with companies specializing in men’s clothing, women’s clothing and swimwear. The licensees will rehire some or all of ...
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News briefs
In-Sport Fashions, based in Montréal, has acquired Slackline Industries
In-Sport Fashions, a distribution company based in Montréal, Canada, has acquired Slackline Industries, a manufacturer of slacklines and slackline systems, from Canaima Outdoors Inc. in Colorado. The products of Slackline Industries are currently sold in 10 countries. Slackline Industries is also the inventor of the ISI slackline judging system, one ...
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News briefs
Simond has moved into a new head office and factory
Simond, the French producer of mountaineering equipment purchased by Decathlon in 2008, has moved into a new head office and factory of 4,000 square meters at Vigie near Chamonix, using more modern and automated machinery to make its crampons, carabiners and ice axes. About 20 people were employed at original ...
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News briefs
Pentland has agreed to buy the rights to the Speedo brand in North America and the Caribbean
(SGI) Pentland announced a couple of weeks ago that it has agreed to buy the perpetual rights to the Speedo brand in North America and the Caribbean and the related operations from PVH Corp. for $170 million in cash, uniting all the brand’s operations around the world under a common ...
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News briefs
The Thule Group has acquired Denver Outfitters
(SGI) The Thule Group has acquired Denver Outfitters, an American producer of vehicle-mounted fishing-rod carriers. The company was founded in 2010 and is based in Denver, Colorado, although its website lists an address in Seymour, Connecticut. A banner on the homepage acknowledges the acquisition and says that deliveries of outstanding ...
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News briefs
La Sportiva has been honored with an Italian award
La Sportiva has been honored with an Italian award dedicated to family-owned companies that have been able to successfully manage the generational shift. The prize, which is called “Di padre in figlio” (Italian for “From father to son”), was presented at a special ceremony at the Swiss Center in Milan ...
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News briefs
Anllian Capital is issuing convertible bonds with a zero coupon worth €1 billion
Anllian Capital – a special-purpose investment vehicle belonging to Anta Sports Products that directly or indirectly owns just over 59 percent of Amer Sports through the Mascot Bidco consortium – is issuing convertible bonds with a zero coupon worth €1 billion. Issued at a price 0.25 percent higher than the ...
