General Outdoor – Page 117
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ArticleVista Outdoor will prioritize debt reduction ahead of vote on Sporting Products divestiture
Vista Outdoor, which agreed in mid-October to sell its Sporting Products business to Czechoslovak Group a.s. (CSG) for an enterprise value of $1.91 billion, says it will continue to prioritize debt reduction ahead of a vote by shareholders to approve the sale. The company finished Q2 on Sept. 24 with ...
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ArticleArc’teryx announces partnership with Aluula Composites
Arc’teryx Equipment is partnering with composite materials manufacturer Aluula Composites to further develop Arc’teryx’s product offering using new and innovative ultra-lightweight fabrics. The two Canadian brands, based in North Vancouver and Victoria, BC, respectively, are committed to developing high-performance products for outdoor athletes and are culturally very similar. The Arc’teryx ...
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ArticleFreudenberg launches new thermal insulation products
Freudenberg Performance Materials, a provider of innovative technical solutions in the apparel industry, is launching two advanced thermal insulation products – Down Feel WA 150LB and Fiberball WB 400LB – made from low-level Bisphenol A (BPA) recycled PET fibers (rPET). The new products are part of the global range of ...
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News briefsChina aims to build €385bn outdoor sports industry by 2025
According to the government news agency Xinhua, China aims to develop outdoor sports into an industry worth 3 trillion yuan renminbi (€386 billion) by 2025, according to a government action plan released last week. The action plan, which covers the period from 2023 to 2025, aims to boost the construction ...
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News briefsSSU files for insolvency
Sports e-commerce company Signa Sports United (SSU), controlled by Austrian investor René Benko’s Signa Holding, has filed for insolvency. The Bielefeld District Court, where the application was filed, appointed Munich-based lawyer Christian Gerloff as insolvency administrator. The German business newspaper Handelsblatt was the first to report the insolvency filing, which ...
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News briefsNewell Brands reports quarterly loss for Outdoor & Rec business
The third quarter operating loss in Newell Brands’ Outdoor & Recreation segment, which includes Coleman and CampingGaz, was $42 million against a profit of $6 million for the three months ended Sept. 30. The results include a non-cash impairment charge of $22 million. The normalized operating loss was $7 million ...
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ArticleDeckers raises full-year guidance again on continued strength of Hoka, plans to divest Sanuk
Bolstered by sales contribution from its Ugg brand and continued momentum in its Hoka business, Deckers Brands generated a 76 percent increase in Q2 operating income to $224.6 million on nearly 25 percent total net sales growth to $1.09 billion for the three months ended Sept. 30. Net income was ...
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News briefsGlobetrotter partners with German bicycle retailer
Two German branches of the outdoor retailer Globetrotter are to cooperate with German omni-channel bicycle retailer B.O.C. From spring 2024, the Globetrotter branches in Stuttgart and Dresden will include sales areas with products from B.O.C.’s range. In Stuttgart, B.O.C. will move into the basement of Globetrotter, while in Dresden, B.O.C. ...
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ArticleColumbia lowers FY23 outlook, braces for challenging Spring ’24
Columbia Sportswear, despite making strides in its ongoing inventory reduction program and improving its quarterly gross margin by 70 basis points to 48.7 percent, reported a 7 percent decline in Q3 net income to $103.5 million from $111.8 million for the period ended Sep. 30. Period operating income was also ...
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News briefsPolygiene with operating loss in Q3 due to lower sales
Despite a 30 percent decline in third-quarter revenues to 28.7 million Swedish kroner (€2.4m) and a corresponding operating loss of SEK 2.4 million, Polygiene is optimistic about Q4 results as early orders have exceeded expectations. The group, which said Q3 results showed signs of a slow recovery, has shifted its ...
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News briefsOrtlieb has a new solution for reducing waste
To reduce off-cut waste, German company Ortlieb is now expanding what it has called a successful pilot project. Its Care-Bags – unique shoulder bags made from outdoor or cycling bags with errors in the production process that would otherwise have been discarded – are now available from the brand’s website ...
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News briefsSolo Brands announces CFO change
Solo Brands, Inc., the owner of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, announced that Somer Webb, Chief Financial Officer, has notified the company of her intent to pursue other opportunities. Webb will remain with the company until Dec. 10, 2023. She started her position at ...
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News briefsCarbios strengthens its leadership team
Source: Carbios Bénédicte Garbil French biotech firm Carbios has announced the appointment of Bénédicte Garbil as Senior Vice President of Corporate Affairs and Sustainability. She also joins the group’s executive committee. Garbil began her career as a public affairs advisor at the French Federation of Healthcare Industries ...
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ArticleDeuter receives “Green Button 2.0” certification
Among other measures, backpack and sleeping bag expert Deuter from Germany has been effectively and sustainably implementing the environmental and social standards of the “Grüner Knopf” (Green Button) directly and along the value chains since 2021 as part of its responsible business practices. Now, the company has gone through another ...
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News briefsInternetstores GmbH files for insolvency
Stuttgart-based Internetstores GmbH, which includes the bike and outdoor online shops Fahrrad.de, Bikester, Campz and Addnature, filed for insolvency at the Stuttgart District Court on Monday afternoon. The company is part of Signa Sports United (SSU), the sporting goods division of the Signa Group founded by Austrian investor René Benko. ...
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News briefsVista Outdoor appoints General Counsel for Revelyst
Source: Vista Outdoor Jung Choi Vista Outdoor announced that Jung Choi will serve as General Counsel and Corporate Secretary for Revelyst following the planned spin-off of Vista’s Outdoor Products segment into a separate public company. Her appointment will be effective Oct. 23. Until the spin-off is completed, ...
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News briefsHeiQ AeoniQ joins Canopy initiative
HeiQ AeoniQ has become an active brand partner of the Canopy initiative, which addresses the climate and biodiversity crises by committing to keep ancient and endangered forests out of the man-made cellulosic fiber supply chain. HeiQ AeoniQ is HeiQ’s key initiative to support textile brands and mills to achieve their ...
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ArticleWave of insolvencies at SSU seems unleashed
While Signa Sports United (SSU) offshoot Internetstores GmbH (Addnature, Bikester, Brügelmann, Campz, Fahrrad.de, Probikeshop) is said to have informed its suppliers of impending insolvency in self-administration and British affiliate WiggleCRC is believed to have done the same in its home country, German Tennis-Point GmbH has already filed for insolvency on ...
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News briefsVista Outdoor announces CFO for Revelyst
Source: Vista Outdoor Andy Keegan Previously considered a plan, it’s now official: Andy Keegan, currently Vista Outdoor’s vice president and interim CFO, will serve as Revelyst’s CFO following the planned spin-off of Vista Outdoor’s Outdoor Products segment into a separate public company. Keegan will continue to serve ...
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News briefsPernilla Nyrensten declines re-election to RVRC’s board
Source: RVRC Pernilla Nyrensten In a press release accompanying its proposal for the composition of Revolution Race’s (RVRC) Board of Directors for the next Annual General Meeting on Nov. 21, the company’s Nominating Committee published last Friday that Pernilla Nyrensten has decided to leave the board of ...
