All Corporate articles – Page 7
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News briefsCreditors grant continued reconstruction for Swedemount Sportswear & Fashion AB
A meeting on Aug. 6 at Gothenburg District Court has decided that the reorganization of Swedish outdoor clothing company Swedemount Sportswear and Fashion AB should be allowed to continue the three-month period that has already begun. Neither Swedemount’s bank nor the Skatteverket (Swedish Tax Agency), which is by far the ...
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News briefsFishbrain fishing app secures $6 million in new share issue
Fishbrain AB, the Swedish-based developer of a mobile application for anglers, has raised $6 million in funding. The round was led by Swedish venture capital fund Industrifonden, and co-led by Lucerne Capital Management, a US-based equity investment firm with a focus on European markets. The new funding is expected to ...
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ArticleCiclo Fapril expands cargo bike frame production
To be at the forefront of the current cargo bike trend, the traditional Portuguese bicycle component manufacturer Ciclo Fapril, Industrias Metalurgicas, S.A., is expanding its production facility. The new space is expected to be completed in April 2024 and fully operational within a year. The manufacturer will start the production ...
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News briefsGarmin opens Firstbeat Analytics Lab in Finland
Garmin has announced the soft opening of the Firstbeat Analytics Lab in Jyväskylä, Finland. This is an innovative fitness lab and testing facility with custom fitness equipment, measurement systems and proprietary monitoring technology that will be used by Garmin physiologists and data scientists to develop even more innovative features for ...
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News briefsBig Agnes completes purchase of its Steamboat Springs headquarters
Big Agnes, the Colorado-based outdoor gear brand founded in 2001, recently announced that it has secured a long-term home for the company’s headquarters in downtown Steamboat Springs, Colorado. Located downtown at 840 Yampa Street, the building has housed both Big Agnes and the Steamboat Springs Fire Department for the past ...
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ArticleRestructuring process for Swedemount Sportswear & Fashion AB approved
As the border between Norway and Sweden was closed during the pandemic and therefore, important stores along the Norwegian border were shuttered and severely affected, the Swedish company Swedemount Sportswear & Fashion AB suffered significant losses in sales. The Covid support the company received during this period exceeded the amount ...
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News briefsLusso invests in digital transformation with the support of the Made Smarter program
British cycle clothing maker Lusso is investing £100,000 (€115,800) in an ambitious growth plan thanks to support from the Made Smarter program, a government-funded initiative that helps small and medium enterprises digitalize, decarbonize and grow through technology. Lusso, a 40-year-old business based in Radcliff, Greater Manchester, is run by former ...
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ArticleVista Outdoor appoints Eric Nyman as CEO of Outdoor, updates on corporate separation plans
Source: Business Wire Eric Nyman The board of directors of Vista Outdoor Inc, the parent company of 41 brands, has appointed Eric Nyman as CEO of the Outdoor Products segment and a member of the Board of Directors, effective Aug. 21. Nyman, who has more than 30 ...
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ArticleCrazy undergoes strategic reorientation
Source: Crazy Valeria Colturi Crazy, a brand founded in 1989 by Valeria Colturi, a top Italian cross-country skier, offering mainly products for ski mountaineering, trail running and trekking, has presented a new logo, emphasizing “the union between the quest for technical innovation that has always characterized the ...
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News briefsMips comments on the fine imposed by Nasdaq Stockholm
On July 21, the Swedish helmet technology manufacturer Mips AB, which has been traded on the Stockholm Stock Exchange since 2017 and moved from the mid-cap to the large-cap segment in early 2022, was fined two annual fees totaling SEK 1.7 million (€147,178) by Nasdaq Stockholm’s Disciplinary Committee. Said committee ...
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ArticleDynafit to open new headquarters in Kufstein in December
In the Bavarian town of Kiefersfelden on the border with Austria, the Dynafit brand is building its new headquarters, the Dynafit Speed Factory, as reported last year. The futuristic building made of steel and glass will not only be the location for around one hundred employees from December 2023 but ...
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News briefsVanMoof is insolvent
After granting VanMoof a temporary suspension of payments on July 13, Dutch insolvency file website FaillissementsDossier now reports that the Amsterdam District Court on July 17 lifted that very suspension via creditor protection proceedings for the Dutch DTC provider of e-commuter bicycles. As a consequence, the companies VanMoof Global Holding ...
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ArticleGreenstorm Mobility faces termination of operations
On July 12, the Austrian e-mobility concept pioneer Greenstorm Mobility GmbH filed for insolvency. The Innsbruck regional court now has jurisdiction over the Kufstein-based company. Attorney Philip Paumgarten of the law firm Rechtsanwälte Waldbauer, Paumgarten, Naschberger und Partner was appointed as insolvency administrator. A once award-winning concept seems no longer ...
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News briefsMeander Apparel launches crowdfunding campaign to support growth
Scottish sustainable outdoor lifestyle brand Meander Apparel has launched a £150,000 (€174,000) equity crowdfunding campaign to back the growth of its product range and the expansion of its retail presence across the UK, US and Europe. Earlier this month, the company received a £25,000 (€29,000) loan from the British Business ...
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ArticleCreditor protection filing: VanMoof is granted payment suspension
On July 13, Dutch Bankruptcy File (FaillissementsDossier) reported that the responsible district court in Amsterdam has officially granted VanMoof Global Holding B.V. a temporary suspension of payments. The Dutch DTC provider of e-commuter bicycles, reportedly struggling with financial constraints for some time, had filed a corresponding petition on July 12. ...
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ArticleRad Power Bikes withdraws from the European market
On July 10, Rad Power Bikes Inc. announced on its European website that it would withdraw completely from Europe and focus entirely on North America in the future: “We are sad to say goodbye.” This is a radical shift in course for the largest US B2C e-bike provider. According to ...
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Article100 years of Lowa: Another record year and the search for new target groups
With the company now being in its 100th year, we talk to Lowa CEO Alexander Nicolai about expanding capacity, new segments and sustainability strategies.
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News briefsKMD Brands updates full-year outlook
KMD Brands, the New Zealand parent of Oboz, Kathmandu, and Rip Curl, says it’s on track to reach full-year sales of NZ$1.1 billion (€619.7m) for the 12 months ending July 31. FY gross margin is forecast to be on par with the prior year, and Ebitda is forecast at NZ$105 ...
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News briefsKodak opens a textile test facility
Kodak has announced the opening of a textile test facility in the company’s Eastman Business Park in Rochester, New York. The facility will provide a wide range of testing services for use by textile developers, manufacturers and academic institutions to assess specific performance attributes and properties of fabrics. The new ...
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News briefsIs TSG looking to divest Backcountry.com?
TSG Consumer Partners, a private equity firm based in San Francisco, California, is considering options for Backcountry, including a sale of the online outdoor gear and ski apparel retailer, according to Bloomberg News. Backcountry was founded in 1996 in a garage in Park City, Utah. The company sells gear for ...
