All Corporate articles – Page 59
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Short stops
Columbia Sportswear is being added to Standard & Poor's MidCap...
Columbia Sportswear is being added to Standard & Poor's MidCap 400 Global Industry Classification Standard
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Article
A concept development agency that’s also a community hub
Staying connected with outdoor enthusiasts to understand their needs is key to the development of sought-after products. This idea of connection has inspired the business model pursued by All Triangles, a brand-strategy consultancy that opened its doors just last month in the French outdoor hub of Annecy and helps brands ...
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Lindsey Vonn, the famous American ski champion, has become a...
Lindsey Vonn, the famous American ski champion, has become a shareholder in YNIQ, a Swedish brand of snow goggles, after ending her professional career at the beginning of 2019
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News briefs
Jack Wolfskin, the German outdoor gear and apparel brand, has...
Jack Wolfskin, the German outdoor gear and apparel brand, has announced plans to build North American headquarters in Utah. The State of Utah is offering a tax rebate to the company for expanding its operations there. The company expects to create 50 jobs in connection with the new facility over ...
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Poler Outdoor Stuff, a Portland-based outdoor apparel company founded in...
Poler Outdoor Stuff, a Portland-based outdoor apparel company founded in 2012 with a strong focus on the direct-to-consumer business, has reopened its flagship store in downtown Portland and redesigned its e-commerce website. The brand had been dormant for the past 12 months following its bankruptcy. The Pacific & Everest Lifestyle ...
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Hyosung has begun commercial operation at its first spandex plant...
Hyosung has begun commercial operation at its first spandex plant in India. The facility, which occupies about 400,000 square meters, is located in the Auric industrial complex near Aurangabad, in the state of Maharashtra. It has an annual production capacity of 18,000 tons of spandex. Hyosung began operations in India ...
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Article
Bergans makes a push into e-commerce
Bergans of Norway announced a major investment in the international digital marketplace a few weeks ago. The family-owned Norwegian outdoor brand has been a national icon for over a century, generating most of its sales in Norway and focusing its e-commerce platform on the domestic market. To enhance its omnichannel ...
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News briefs
Bookman, a Swedish company that offers functional headlights, bike lights...
Bookman, a Swedish company that offers functional headlights, bike lights and reflectors under the Bookman Urban Visibility label, has received an injection of SEK3.5 million (€330,000-$370,000) from three Swedish investors including Stefan Ytterborn, the founder of Poc Sweden. Founded in 2011 in Stockholm by Victor Kabo and David Axelsson, Bookman ...
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Article
BlackYak opens technology center in Germany
Since entering the European market officially in 2016, BlackYak has quickly established itself in the global outdoor industry thanks to numerous innovations and very distinctive design. Also contributing to this success were 24 Ispo Awards, which the South Korean outdoor specialist has so far received for its products targeting serious ...
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News briefs
Kering, the French luxury group that controlled Puma for a...
Kering, the French luxury group that controlled Puma for a while, has held “preliminary discussion” about a potential takeover of Moncler, according to Reuters. The Italian luxury outerwear brand is more profitable than Puma, and it is growing as fast as some of Kering's luxury brands, including Gucci, Yves Saint-Laurent ...
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Darn Tough Vermont, the U.S. performance outdoor and lifestyle sock...
Darn Tough Vermont, the U.S. performance outdoor and lifestyle sock manufacturer, has completed the multi-million dollar renovation of an existing 100 year-old building, the Nantanna Mill, which will now serve as the brand's new 6,100-square-meter site for all sock finishing processes in its hometown of Northfield, Vermont
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News briefs
In keeping with a months-old plan to pare down its...
In keeping with a months-old plan to pare down its brand portfolio, Idealp Sport will be shutting down Degré 7, its brand of technical ski apparel, according to sport-guide.com. Quoting Michel Pescio, director of sales and marketing at the French mountain-sports company, sport-guide.com said that Idealp seeks to narrow its ...
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Formosa Taffeta will acquire a 50 percent stake in...
Formosa Taffeta will acquire a 50 percent stake in Schoeller Textil in March of next year, after receiving the approval of its board of directors. The companies have been partners in the Hong Kong-based joint-venture Schoeller FTC for 18 years. According to the Taipei Times, Formosa plans to invest up ...
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Ciesse Piumini's parent company, Sport Fashion Service, has been acquired...
Ciesse Piumini's parent company, Sport Fashion Service, has been acquired by Mittel, an Italian investment bank, which now owns 90 percent of the Italian down clothing specialist. Ciesse, which was the property of Fila for a while, was a direct competitor of Moncler in its early days, but it didn't ...
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News briefs
Spin Capital, a Munich-based investment company, has expanded its sports...
Spin Capital, a Munich-based investment company, has expanded its sports portfolio with the acquisition of a majority stake in the Freeride Film Festival and the winter camp's organizer, The Freeride Experience. Spin acquired the avalanche backpack specialist ABS Protection two years ago and the eco-sports apparel label Pyua one year ...
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News briefs
The share capital of Moncler has changed slightly. Venezio Investments,...
The share capital of Moncler has changed slightly. Venezio Investments, the investment vehicle controlled by Tamasek, the state investment fund of Singapore, has sold half of its stake of 22.68 percent in Ruffini Partecipazioni (RH) to Remo Ruffini, the chief executive of Moncler, in exchange for a direct 2.88 percent ...
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Salomon has opened a Performance Center next to its...
Salomon has opened a Performance Center next to its existing Design Center in the French city of Annecy. The 820-square-meter facility is open – by appointment only – to skiers on the World Cup and regional racing circuits. In the words of Véronique Rémy, head of marketing, the move is ...
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Herschel Supply has sold a minority stake to a consortium...
Herschel Supply has sold a minority stake to a consortium of private-equity firms formed by Eurazeo Brands, Alliance Consumer Growth and a Canadian pension fund affiliate. Eurazeo Brands, the division of Eurazeo focused on differentiated consumer brands with global growth potential, is investing $60 million alongside Alliance Consumer Growth, a ...
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News briefs
The founders of Acai Activewear, a British brand of functional...
The founders of Acai Activewear, a British brand of functional woman's apparel, have attracted a £350,000 (€405,281-$447,460) investment from Dow Schofield Watts Angels. It is the fourth investment made by this network of business angels. Joe and Kasia Bromley launched their brand of skinny trousers in 2016, and it has ...
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News briefs
Standard & Poor's has downgraded the rating outlook for Wolverine...
Standard & Poor's has downgraded the rating outlook for Wolverine Worldwide from stable to BB+ because its financial leverage has risen to three times due to spending on share buybacks. The leverage may grow beyond three times if the Ebitda margin doesn't improve from its current level of 5 percent ...
