All Corporate articles – Page 80
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News briefs
We had reported in the Compass on Feb. 21 that...
We had reported in the Compass on Feb. 21 that Tecnica Group was exploring the possibility of selling its controlling stake in Lowa, after receiving an expression of interest from an unnamed investor. Last week, Peter Weaver, the top manager of Tecnica Group, officially announced told us that it had ...
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Wolverine Worldwide is getting up to $14.8 million worth of...
Wolverine Worldwide is getting up to $14.8 million worth of additional orders for safety boots from the U.S. Navy, modifying a contract from the U.S. Department of Defense. The production is being made in Michigan.
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The Lafuma Group has warned that its business is suffering...
The Lafuma Group has warned that its business is suffering a substantial decline, which will significantly affect its results and the worth of its assets for the current fiscal year, running until the end of September. The French outdoor and action sports company said that in this context, its supervisory ...
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Mammut has inaugurated its biggest investment by far in the...
Mammut has inaugurated its biggest investment by far in the company's 150-year-history, the European warehouse near Memmingen, Germany. The 40,500 square meters, of which 8,200 square meters are under one roof, house European logistics, the subsidiary for the German market and an outlet store. There is an option to extend ...
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News briefs
The North Face will be moving to a...
The North Face will be moving to a new EMEA office of VF Corporation at Stabio, near the Swiss city of Lugano, in April this year. After transferring its European operations from Montebelluna, Italy, to its current office in Lugano, it will now combine them with those of the other ...
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News briefs
Grifone, the Spanish sports outerwear company, has reported...
Grifone, the Spanish sports outerwear company, has reported a change of ownership and management intended to foster its international development, with a focus on Asia, the U.S., and central and northern Europe. Sandro Rosell, president of FC Barcelona, along with Eugenio Padrés and Pepe Navarro, are now co-owners with Ramón Cierco, ...
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Tecnica Group and its advisors have stopped looking...
Tecnica Group and its advisors have stopped looking for companies that may be interested in buying its 60 percent interest in Lowa. They are currently evaluating the opportunity to accept the offer of an unnamed strategic investor. While the sale of Lowa could bring in fresh money, Tecnica would lose ...
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News briefs
The Wolverine 1883 shoe collection is the first collection of...
The Wolverine 1883 shoe collection is the first collection of Wolverine Worldwide to be produced in Portugal. Last autumn, the company added Portugal as new sourcing country. The 1883 collection will be available from autumn this year. The company aims to expand the production in Portugal if it proves to ...
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News briefs
Raidlight is planning to raise €500,000 in new equity by...
Raidlight is planning to raise €500,000 in new equity by bringing in some of its suppliers, clients and end customers as new shareholders with a combined stake of 12 percent. Benoit Laval, the trail-runner who set up the French outdoor company in 1999, currently owns 42 percent of the shares. ...
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News briefs
OrthoLite has inaugurated its first factory in Vietnam, which is...
OrthoLite has inaugurated its first factory in Vietnam, which is set to produce about 3 million pairs of open-cell foam insoles per month. The new 13,000-square-meter facility is located in Thuan An Town, in the Binh Duong province, one of the biggest industrial areas in the country and about 45 ...
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News briefs
Boa Technology, the maker of the patented Boa Closure System,...
Boa Technology, the maker of the patented Boa Closure System, has announced that it will open an office in Europe in 2013. The precise location of the new office is not yet finalized. The company currently has offices in Steamboat Springs and Denver, Colorado, as well as Chiba, in Japan, ...
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News briefs
An American investment company, Open Gate Capital, has acquired Zodiac...
An American investment company, Open Gate Capital, has acquired Zodiac Plaisance, known internationally as Zodiac Recreational, which claims to be the world's leading supplier of rigid inflatable boats, also distributed under the Avon and Bombard brand names. Including the manufacture of multi-layer insulations for satellites and stratospheric balloons, the French-based ...
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News briefs
Petzl has decided to invest $20 million to build a new...
Petzl has decided to invest $20 million to build a new 8,000-square-meter headquarters for its North American subsidiary at West Valley City, 10 minutes away from Salt Lake City's airport and close to public transportation. Using sustainable features, the complex will consist of 24,000 square feet of office space, 40,000 square feet for ...
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News briefs
K2 Sports has added a 16th brand to its portfolio...
K2 Sports has added a 16th brand to its portfolio with the acquisition of Backcountry Access, an innovative supplier of snow safety and backcountry ski equipment including avalanche airbags and beacons, shovels, probes, backcountry packs and snow climbing skins. Founded in 1994, the company's staff will remain based in Boulder, Colorado. ...
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News briefs
The Vegam division of Spac, an Italian developer and...
The Vegam division of Spac, an Italian developer and manufacturer of technical fabrics and components near Vicenza, is partnering with the eVent division of General Electric to bring a new line of permeable and bi-component waterproof fabrics to European shoe companies. Spac will produce both three- and four-layer laminates for ...
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There is unconfirmed speculation that Werner Riethmann, CEO of Lowa,...
There is unconfirmed speculation that Werner Riethmann, CEO of Lowa, and the company's contract manufacturer in Slovakia, Riko, are among the candidates to take over Tecnica Group's 60 percent stake in the profitable German-based firm. Two years ago, Riethmann doubled his personal stake in the company to 20 percent and ...
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Cocona, the materials technology company based in Boulder, Colorado, has secured...
Cocona, the materials technology company based in Boulder, Colorado, has secured a $15 million Series C equity private placement and will use the funds for marketing, developing new technologies and general working capital purposes. The transaction was led by H.I.G. Growth Partners and two prior Cocona investors, Fairhaven Capital and Milcom ...
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News briefs
A few days ago, Odlo began the construction of its...
A few days ago, Odlo began the construction of its new global distribution center in the German town of Brüggen. By the end of 2013, it will take the place of a cluster of five distribution centers in the same area. The total warehouse space will increase from 18,500 to ...
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Lafuma, the French outdoor group, said that preliminary talks held...
Lafuma, the French outdoor group, said that preliminary talks held with E-Land for a potential takeover by the Korean group had not revealed sufficient synergies between the two companies. Lafuma confirmed last month that it had been approached by E-Land and agreed to hold discussions with the Korean group, which ...
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News briefs
Jetboil, the young U.S. brand of outdoor stoves, has been...
Jetboil, the young U.S. brand of outdoor stoves, has been acquired for an undisclosed price by Johnson Outdoors. Jetboil will be integrated into the U.S. group's Outdoor Gear business unit, along with the Eureka! and Silva brands, but it will continue to operate from its own facility in Manchester, New ...
