All Corporate articles – Page 9
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News briefsHigg Inc. rebrands as Worldly
Higg Inc., an integrated software platform that helps businesses take responsibility for the impact of their supply chain, has rebranded as Worldly. More than 40,000 brands, retailers, suppliers and manufacturers around the world in fashion, outdoor, home goods, toys and other sectors currently rely on this platform, designed to offer ...
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ArticleBrompton Bicycle confirms first capital increase in 35 years
Source: Brompton Will Butler-Adams with the one-millionth Brompton bike Brompton Bicycle, known for its folding bicycles, has been independent since 1975 and is owned by founder Andrew Ritchie and current CEO Will Butler-Adams, their friends, families and employees. A partnership with BGF, one of the largest and ...
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News briefsCake enters India
Swedish lightweight electric motorcycle manufacturer Cake has announced its partnership with Pepfuels, a company funded by ONGC (Oil and Natural Gas Corporation Limited, a natural gas and petroleum company from India headquartered in Dehradun), marking the company’s entry into the Indian market. This collaboration follows Cake’s successful Asian expansion with ...
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News briefsSustainable performance fiber team secures $3.7M funding
Werewool, a pioneer of sustainable performance fibers which uses proteins to create products normally manufactured with petroleum, has announced a $3.7 million seed funding. The funding was led by Material Impact and Sofinnova Partners to further the company’s mission to produce biodegradable fibers with protein-based color and performance properties using ...
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News briefsStio raises $20 million in capital
US mountain lifestyle brand Stio has raised $20 million in capital to support its Mountain Studio retail locations, future product category development and a pivot towards a more diversified omnichannel approach, according to SGB. Led by Lagi Innovation Fund, the debt-equity raise comes as the mountain town brand announced it ...
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ArticleDyStar to close German plant, lays off employees
Singapore-based specialty chemicals company DyStar has announced plans to “restructure” its plant in Ludwigshafen, Germany, in response to changing business conditions and market changes. The plant, inherited from the company’s founders, who started indigo research and production more than 125 years ago, has been an integral part of DyStar’s global ...
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ArticleSales procedure initiated for insolvent Bikesale Solutions
The insolvent refurbishment and new bicycle marketplace www.bikesale.de is up for sale. Bikesales Solutions GmbH – the company behind “the first professional online bicycle marketplace for used bicycles in Germany” – was forced to file for insolvency with the competent district court in Munich on March 29. The appointed insolvency ...
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News briefsLink My Ride secures investment from high-profile sports figures
Social cycling app Link My Ride has announced that it has secured investment from a range of high-profile names from across sports, including Finnish Formula 1 driver Valtteri Bottas, alongside professional cyclists Daryl Impey, Tiffany Cromwell and Ryan Gibbons. Link My Ride is a pre-ride organizational platform that allows cyclists ...
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News briefsNomination committee formed ahead of RVRC’s AGM 2023
RevolutionRace (RVRC) has appointed three members who, together with the chairman of the board of directors, will form a nomination committee for the period leading up to its annual general meeting, which is expected to be held in November 2023. These three members are (in accordance with a resolution of ...
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ArticleAdvanced Sports enters self-administration process
On April 1, Advanced Sports GmbH, the European sales company for the U.S. bicycle brands Breezer, Fuji and SE Bikes, had to file for insolvency in self-administration. Attorney Erion Metoja of the law firm Eisner Rechtsanwälte GmbH in Lauda-Königshofen was appointed as the administrator. During the reorganization proceedings in self-administration, ...
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News briefsOnline Brands to generate capital by targeted share issuance
Online Brands Nordic AB, which operates a number of e-commerce businesses and acquired ownership of outdoor children’s brand Isbjörn in April 2022, announced in an April 17 press release that it is seeking to raise a total of SEK 23.5 million (€2.08m) in additional capital. This will be achieved through ...
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News briefsAMSilk raises additional €25m for production of bio-engineered silk protein materials
AMSilk GmbH, a Munich-based industrial supplier of and pioneer in bio-engineered silk protein materials, announced that it has raised an additional €25 million in an extended Series C financing led by existing investor ATHOS (AT Newtec) and with participation from Novo Holdings, Cargill and MIG Capital. AMSilk’s technology platform, based ...
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News briefsNorrøna and the world’s only single track bike hotel
Norrøna has added the Canvas Hotel Telemark, the world’s only single-track bike hotel, to its Norrøna Adventure Company offering. The lodge is located in Treungen, Norway – 2 km from the nearest road — and offers glamping with “great staff, great food, drinks, beds, spa/sauna and location, as well as ...
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News briefsIndian government supports technology development for fibers made from hemp waste
As reported by Hemp Today, the Technology Development Board of India (TDB) has pledged 1.4 crores Indian rupees (€154,000) to support the development of technologies for processing bast fibers from industrial hemp, flax, nettle and other plants. The project cost is set to total ₹2.08 crores (€232,000). The TDB, part ...
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News briefsHaglöfs opens a new distribution center
Haglöfs has opened a new 18,000 sqm distribution center in Eskilstuna, Sweden. It comes after the company’s current distribution center in Avesta reached maximum capacity in 2022. The new location and redesigned distribution model are expected to increase logistics flow and service levels, as well as serve as a platform ...
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News briefsRaven Hengelsport makes a new start
Dutch company Raven Hengelsport, one of Europe’s biggest tackle retailers, ceased trading in January, as previously reported. After working with the administrator, J.P. Davids of Davids Advocaten, the company has now announced that Raven has been acquired by Dion Raven, his brother Iwan Raven and the Brubaker Group, a German ...
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News briefsTrerè Innovation expands into U.S. market with UYN, first store planned for fall
Italian sports apparel manufacturer Trerè Innovation enters the U.S. market with its Biotech base layers made from plant-based and natural materials like beech plants, castor oil seeds, kapok trees, eucalyptus trees and corn. The Biotech apparel line is manufactured in Pennsylvania and marketed under the Trerè brand Unleash your Nature ...
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ArticleFenix sees possible M&A, aims to cut logistics costs after starts 2023 ‘in a reasonable way’
Fenix Outdoor International said it is beginning 2023 “in a reasonable way” despite economic uncertainty and high inventory levels at retailers. The trend seen in the fourth quarter of 2022, with brick-and-mortar stores performing somewhat better than digital, has continued at the start of this year, the company added. “We ...
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News briefsRenewcell and CTA Green Fibre sign delivery agreement
Swedish textile-to-textile recycling innovator Renewcell has signed a memorandum of understanding with China Textile Academy (CTA) Green Fibre Co. Ltd, a Chinese lyocell fiber producer, for a long-term collaboration in the production of man-made cellulosic fibers. The agreement, signed by the two companies at the Intertextile Apparel show in Shanghai, ...
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ArticleMTB pioneer Gary Fisher launches new e-bike brand
With 20 employees based in Fremont, California, and partnered with an aviation battery company, Gary Fisher (one of the inventors of the mountain bike) has founded a new e-bike company called Morelle. According to the vibrant discussion going on with Fisher on LinkedIn, Instagram and Twitter, his new company aims ...
