General Outdoor – Page 131
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ArticleMips’ weak bicycle business impacts overall result in Q1 2023
In the first sales quarter of 2023, the slump in the bicycle business, which was already noticeable last year, and the associated high inventory levels at retail continued noticeably for “Brain Protection System” (BPS) manufacturer Mips AB. This ultimately resulted in net sales of SEK 88 million (€7.7m). In the ...
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News briefsHuntsman implements mass balance concept at Swiss site
Huntsman announced that its manufacturing site in Monthey, Switzerland, has implemented a mass balance concept and received REDcert2 certification. The certification covers the production of epoxy resin products used in a variety of consumer and industrial markets. Mass balance refers to the mixing of fossil fuels and renewable or recycled ...
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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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ArticleNaturkompaniet donates €327,000 to biodiversity projects
Outdoor retail chain Naturkompaniet, part of Fenix Outdoor and operating 42 outdoor stores in Sweden and Norway, has announced the winners of its 2023 “Naturbonus” (Swedish for “nature bonus”). This year, the funds go to four organizations, all of which protect biodiversity in Sweden. Together, they will receive SEK 3.7 ...
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ArticleFenix posts record Q1 sales but sees uncertain Q2 amid high inventories
Fenix Outdoor International reported sales of €180.0 million in the first quarter of 2023, a new record for the first three months of the year and up from €165.2 million for the year earlier, although margins remained under pressure amid inflation. Ebitda inched up to €31.2 million from €30.8 million ...
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News briefsSpinnova appoints interim CEO
According to media reports, Spinnova CEO Kim Poulsen resigned from his position effective April 21, 2023. The Finnish producer of sustainable fibers’ board of directors has appointed CFO Ben Selby, CFO since March 2021 and a member of Spinnova’s management team, as interim CEO. The search for a new permanent ...
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News briefsOeko-Tex launches organic cotton certification
Certification agency Oeko-Tex has launched a comprehensive testing and certification system for organic cotton products. The agency has been testing and certifying organic cotton for more than 30 years since the launch of Oeko-Tex Standard 10, but as the use of organic cotton in fashion and textiles has increased, there ...
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ArticleStepping up to the plate: How the outdoor industry is taking responsibility seriously
Our functional fabric expert Charles Ross is convinced that even though incoming legislation like the EU Green Deal and Prop 65 and the forthcoming New York Fashion Sustainability and Social Accountability Act in the U.S. are forcing many changes in how the Outdoor Industry conducts business, there is also a ...
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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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OpinionEarth Day: For hippies, greenwashing, or a real opportunity for brands?
With many brands marking the occasion, will Earth Day become just another gimmick? Our expert shares how brands can meaningfully take part.
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News briefsArchroma announces CEO transition
Chemical technology expert Archroma has announced its transition plan for the role of chief executive officer. Heike van de Kerkhof, CEO since January 2020, will step down effective April 30, 2023, to pursue other professional opportunities. Mark Garrett, an experienced executive in the industry, will assume the role of interim ...
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News briefsBerghaus launches performance hijab
Source: Sandra Seaton The Berghaus hijab Berghaus has launched its first hijab suitable for a variety of outdoor activities. The product was developed in collaboration with brand ambassador Zahrah Mahmood, also known as the “Hillwalking Hijabi.” It incorporates technical materials and features to help remove barriers that ...
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News briefsPelican Products hires SVP of product and marketing
Source: Pelican Products Monica Rigali Pelican Products, a manufacturer of heavy-duty protective cases, lighting systems and rugged outdoor equipment, welcomes Monica Rigali to the company as senior vice president of product & marketing. In her role, she will oversee the planning, development and execution of overall marketing ...
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News briefsCamping equipment specialist and tent sharing website team up
British camping equipment specialist Olpro has partnered up with Tentshare to list its tents on the community-led tent-matching service. Tentshare matches people who own tents with people who would like to use a tent, allowing tent owners to generate income from unused camping equipment and support a more sustainable approach ...
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News briefsHalti chooses sustainable fiber partner for new parka
Finnish urban outdoor brand Halti has partnered with the Finnish biomaterials company Spinnova to release a windproof and water-resistant parka, the Cyclus. As well as having a lower-impact manufacturing process, the jacket’s Spinnova fiber is entirely biodegradable and recyclable. Sustainability and easy repair have been considered in every detail ...
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News briefsTentree renews its B Corp status
Canadian athleisure company Tentree, based in Vancouver, has renewed its B Corp certification, exceeding its initial score from 2016 by more than 40 points, scoring 136.2. The higher score comes from the company’s B Corp assessment, having improved Governance, Workers, Environment, and Customers sections. In 2022, Tentree, which pledges to ...
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ArticleOutdoor brands top desirable resale items in latest report
U.S.-based ThredUp, an online resale service provider and platform for women’s and kids’ apparel, has released its eleventh annual Resale Report. The report examines the current market as well as the expected value of the sector. Although based on American consumers, it is expected similar figures would apply in Europe, ...
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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 briefsSea to Summit with new product execs
Australian adventure gear brand Sea to Summit has hired Bryan Davis as global head of product and Ashley Tyrrell as product manager. They will be based at the U.S. office, but will also be part of Sea to Summit’s global design team in Perth. Davis most recently led design and ...
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ArticleAnalysis: More than half of the outdoor stocks make gains in Q1
Our Q1 Outdoor Index includes the revenue and profit development of 37 major outdoor companies.
