Latest Corporate and M&A – Page 17
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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 ...
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ArticleSecond bike stock index and certificate ex-USA
In 2021, the first public donation bike certificate from Daubenthaler & Cie. based on the world’s first bike index celebrated its stock market debut with the “BeneFaktor Zertifikat Bike”. Now the German asset manager follows up with the “BeneFaktor Index Bike ex-USA,” which went live on Feb. 21 with index ...
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ArticleConstruction of the new Dynafit headquarters has begun
In the near future, Dynafit will be headquartered in Kiefersfelden, a town at the German-Austrian border in Upper Bavaria. On Feb. 17, the Oberalp Group, the owner of the Dynafit brand, broke ground for the construction of a new office building. Two striking structures with offices, a climbing hall, a ...
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ArticlePorsche gathers even more e-bike power
After unveiling its first e-bike under the Cyklær brand with partner Storck Bicycle in 2021 and acquiring a majority stake in e-bike manufacturer Greyp Bikes the same year, Porsche continues to invest in its non-automotive future, particularly in the fast-growing e-bike market. The Stuttgart-based sports car manufacturer has now announced ...
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ArticleOrganized crime reaches the bicycle business: Theft at BFI leads to millions in damages, and to delays
The delivery problem in the bicycle industry seems to open a new business field for organized crime. On Jan. 21, the Czech bicycle manufacturer Bike Fun International s.r.o. (BFI) lost key components (including long-awaited Shimano brand parts) when an entire truckload was stolen from Germany. To warn other manufacturers, the ...
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ArticleCalida completes sale of Millet Mountain Group
As previously reported, the Calida Group in late December received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, to sell the Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Calida now reports that it has received the final approval of the French work council ...
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ArticleNick Brown passes on ownership of Nikwax and Páramo to employees
After 45 years as owner and founder, Nick Brown has handed over control over Nikwax and Páramo on Feb. 1 to his employees on three continents at the age of 67 by selling the company to a newly formed Employee Ownership Trust. Nikwax Waterproofing Wax for Leather, 1977 ...
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ArticlePon.Bike invests in third European production facility in Lithuania
While Dutch mobility company Pon Holdings B.V. is still maintaining a low profile, the Lithuanian investment promotion agency Invest Lithuania announced on Jan. 24 that Pon.Bike – the bicycle division of Pon – will open a new production facility in the 320-acre Free Economic Zone (FEZ) of Kėdainiai, 50 kilometers ...
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ArticleIsbjörn of Sweden to change ownership
Online Brands Nordic AB intends to acquire Nordic KidsWear AB, manufacturer and marketer of the children’s outdoor clothing brand Isbjörn of Sweden. According to a corresponding announcement, the purchase price for the shares in Nordic KidsWear would be paid through a cash purchase price of approximately SEK 17.9 million (about ...
