All Corporate articles – Page 9
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News briefsLenzing is completing the conversion and upgrade of its Indonesian site
Lenzing Group, the Austrian manufacturer of wood-based specialty fibers, has announced “significant technical improvements” to its site in Purwakarta, Indonesia. The company has invested more than €100 million since 2021 to convert the location into a supplier of specialty viscose fibers, and the completion of the investment is now imminent, ...
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ArticleReima and Infinited Fiber turn textile waste into high-quality children’s clothing
Uudesti hoodie Reima, the Finnish activewear brand for children, and Infinited Fiber Company, a Finnish technology and fashion company, have teamed up to explore new possibilities for future children’s clothing. As a result of the collaboration, Reima is launching the world’s first children’s hoodie made from innovative ...
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News briefsMaker of custom bike brand Müsing insolvent in self-administration
The German manufacturer of custom bike brand Müsing, Radsportvertrieb Ditmar Bayer GmbH, is in financial difficulties due to a severe drop in sales caused by the challenging times. On Aug. 23, the district court in Montabaur, Germany, officially confirmed the company’s insolvency in self-administration. During the reorganization procedure, business operations ...
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ArticleResale specialist Trove secures $30 million Series E funding
Trove, a leading U.S.-based resale and trade-in company for brands and retailers including Canada Goose, Carhartt, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced $30 million in Series E funding, bringing Trove’s total funding since inception to more than $150 million. The funding round was co-led by Wellington Management and ...
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News briefsSpinnova receives R&D grant to develop waste-based fibers
Finnish biomaterials company Spinnova has received a grant of a maximum of €1.9 million for a product development project from Business Finland, a public organization under the Finnish Ministry of Employment and the Economy, for the period from April 15, 2023, to April 14, 2025. The product development project aims ...
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ArticleFirst rebrand of Vista Outdoor's segment separation announced
Following the separation of its Outdoor Products and Sporting Products segments into two new, independent publicly traded companies, Vista Outdoor is to be rebranded. The new name, logo and NYSE ticker of the Sporting Products segment were unveiled on Aug. 10, in an employee town hall in Lewiston, Idaho.
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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 ...
