Latest Corporate and M&A – Page 10
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ArticleLowa reports top sales figures for 2021
Source: Lowa Alexander Nicolai, CEO Lowa The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with peak figures for both the number of pairs of shoes sold and revenue, thanks to the ongoing outdoor boom. Sales climbed from 2.49 million pairs in 2020 to ...
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ArticlePelican International acquires GSI Outdoors
Canadian paddlesports supplier Pelican International, Inc. (not to be confused with U.S. specialty case manufacturer Pelican Products Inc.) has acquired a majority stake in Spokane-based GSI Outdoors. The transaction is an important step in Pelican’s growth as it strives to diversify its offerings in the North American and international outdoor ...
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ArticleThule Group with new product categories, updates financial targets
At its capital markets day, the Swedish Thule Group has presented plans to enter the two new product categories in 2023: car seats – to be launched in Europe first, expanding worldwide in a second step – and dog transport products, starting with a dog cage. The company was also ...
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ArticleVittoria Group builds bike park and innovation center in Italy
Italian bicycle tire giant Vittoria Group has begun construction of what it describes as “the world’s first all-discipline cycling experience, innovation center and knowledge hub for bicycle tire development.” Vittoria Park will be built around the company’s headquarters near Milan. It will also house an impressive testing area open to ...
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ArticleAlpkit receives growth funding, plans to launch footwear this summer
Nottingham-based outdoor brand Alpkit has received £2.7 million (€3.2m) in funding from HSBC UK, backed by UK Export Finance (UKEF), the U.K.’s export credit agency and a ministerial department of the UK government, to support its domestic and international growth. Alpkit said it will use the funds to buy more ...
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ArticleOnline Brands Nordic completes acquisition of Nordic Kidswear and Isbjörn of Sweden
E-commerce specialist Online Brands Nordic AB has finalized the acquisition of Nordic Kidswear AB, which includes Isbjörn of Sweden, the sustainable Swedish outdoor children’s clothing brand, as previously announced in January. Founded in 2005 by Maria Frykman and Camilla Schmidt, Isbjörn of Sweden has an undisputed reputation for producing highly ...
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ArticleTVS Motor Group acquires majority stake in another European e-bike company
The acquisition of an 80 percent majority stake in Swiss e-bike brand Ego Movement last year was followed by a 75 percent majority stake in Swiss E-Mobility Group (SEMG, the parent company of domestic e-bike retail chain M-Way, among others) in February 2022. Now, Indian two-wheeler and utility vehicle manufacturer ...
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ArticleRebike Mobility completes another round of financing, expansion outside Germany planned
Rebike Mobility GmbH, a German provider of used e-bikes founded in 2018, has announced the completion of a new round of capitalization. Leading the round is Circularity Capital, a European investor for growth companies in the circular economy. The new co-investors Tengelmann Ventures and Parkshore Holding bring strategic experience to ...
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ArticleGovernment-funded VeloLab founded to encourage innovation in the German bike sector
A new platform called VeloLab was launched in early April 2022 with the goal to strengthen the bicycle as a means of transport in Germany. As a funding project of the Federal Ministry of Digital Affairs and Transport (BMDV) within the national cycling plan (NRVP) framework, VeloLab is a digital ...
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ArticleRestructuring of SRAM’s European OE sales team
After seven successful years as director of OE sales Europe at bicycle component manufacturer SRAM Group (brands Avid, Hammerhead, Quarq, Rockshox, SRAM, Time Sport, Truvativ, Zipp), Uwe Reichelt is entering his well-deserved retirement. The German company has already used the last few months to reorganize and expand the European OE ...
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ArticleShimano Europe intends to outsource warehouse activities
Shimano Europe B.V., based in Eindhoven, Netherlands, intends to completely outsource its warehousing activities. The proposal has been submitted to the works council for consultation. The outsourcing could result in losing up to 45 jobs at the warehouse in Nunspeet (Netherlands). A social plan will be drawn up for the ...
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ArticleJornet and Camper launch NNormal; announce footwear, apparel and more for trail running and hiking
Now it’s finally out. After Kilian Jornet terminated his collaboration with Salomon, we were puzzling over who the Catalan climber and trail runner would work with in the future. Most recently, we reported that he and his partner Emelie Forsberg joined the athlete team of GPS watch brand Cronos from ...
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ArticleAmerican Outdoor Brands shifting focus
American Outdoor Brands is adjusting its long-term focus to increase its revenues and product presence in the outdoor lifestyle category while maintaining a foothold in shooting sports. The Columbia, Missouri company, which intends to generate 50 percent or more of its topline in the outdoor lifestyle segment, has agreed to ...
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ArticleSSU invests in bike subscription service Buzzbike
Signa Sports United (SSU) has invested in U.K.-based bike subscription service Buzzbike as part of its expansion strategy. The deal will enable the London-based startup to expand into European and U.S. cities. Buzzbike offers a flexible monthly membership package that includes a premium city bike, lock, on-demand maintenance, theft protection, ...
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ArticleCanadian Tire Corp. unveils CA$3.4 billion investment strategy designed to bolster omnichannel capabilities
In March, at its Investor Day, Toronto-based Canadian Tire Corporation (CTC) announced a significant investment of CA$3.4 billion over four years to create an enhanced omnichannel customer experience. CTC’s strategic growth plan impacts multiple aspects of the group’s business, mainly in Canada, and builds on the company’s brand trust and ...
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ArticleIsbjörn aims to reduce CO2 emissions by 50% by 2033, become net zero by 2045
Outdoor children’s clothing brand Isbjörn of Sweden has set out its ambitious sustainability pledge, which includes bold net zero targets, the complete elimination of microplastics and becoming a fully circular brand. Isbjörn is firmly committed to reducing its emissions by at least 50 percent by 2033, with an ambitious goal ...
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ArticleRossignol Bikes celebrates global launch of completely new product range
After a rapid restructuring period at Groupe Rossignol SA that included the sale of bicycle product suppliers Time and Felt Bicycles, the French winter sports giant is now focusing entirely on its own Rossignol Bikes brand, founded in 2017, within the bike segment. On March 1, the French company announced ...
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ArticleOdlo acquires Janus, moves wool production to Norway
Odlo International AG, the Swiss company with Norwegian roots, has reached an agreement to acquire 100 percent of the shares in Janus Holding AS. Janus, founded in 1895, is Norway’s largest and oldest manufacturer of wool underwear and the only remaining company producing wool products on a large scale in ...
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ArticleBrompton plans new headquarters and factory in Kent
According to information on Ashford City Council’s website, local folding bike company Brompton Bicycle Ltd. has submitted a development request for a new corporate headquarters facility, including a new factory, in the city of Kent in southeastern England. On Feb. 24, the proposals for the new factory were approved in ...
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ArticleFinancial bottlenecks of Shandong Ruyi group: creditors seek control over Lycra
According to the news service portal Reuters, the creditors of the indebted fashion conglomerate Shandong Ruyi Technology Group will seek control of fiber manufacturer The Lycra Company after Ruyi failed to repay a $400 million loan it took out to buy the company. The creditors were quoted saying that Ruyi ...
