Latest Corporate and M&A – Page 24
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ArticleNew owners for 4FRNT
According to an article in SNEWS, the independent U.S. freeride and backcountry ski company 4FRNT has been taken over by a group of private entrepreneurs from former owner Jason Levinthal, who acquired the brand from former founder Matt Sterbenz in 2017. The article was written by Levinthal himself. The new ...
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ArticleMajor fire in Fischer’s Ukrainian ski factory
Various news sources have reported that a fire broke out in a ski factory in Ukraine last week. According to the State Emergency Service of Ukraine (SES), the roof of a large one-storey building at the JSC Tysa ski factory caught fire on Oct. 12 at 2:00 a.m. Kyiv time. ...
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ArticleOberalp Virtual Convention to focus on women; introduction of new brand expected
As the first ”Oberalp Virtual Convention” in May 2020 was extremely positive for the Italian company and its brands Salewa, Dynafit, Wild Country, Evolv and Pomoca with more than 37,000 clicks, and as ongoing travel restrictions due to the Covid-19 pandemic continue to make physical events difficult, the family-owned company ...
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ArticleNew brand identity for avalanche airbag pioneer ABS
SpinCapital, the Munich-based owner the German brand ABS since 2017, is reinventing the well-known avalanche airbag brand founded in 1985 with a new strategy, new brand identity, new products, digital offensive and stronger trade marketing.The founder of SpinCapital and chief executive of ABS, Stefan Mohr, is responsible for the newly ...
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ArticleFischer lays off 150 workers
Like Rossignol, which has just announced the elimination of 95 jobs, Fischer Sports has decided to lay off 150 workers at its Ukrainian ski factory following a drop of about 25 percent in pre-orders for the coming autumn/winter season. However, the management is cautiously optimistic about the near-term future, considering ...
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ArticleABK is closing down
ABK Company, owner of the ABK climbing brand, is winding up its business, which has run out of capital and was placed in liquidation on Aug. 4 by France’s commercial court. According to Hugo Allard, the company’s chief executive and one of its founders, it was the combination of Covid-19 ...
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ArticleChamatex to open “smart” footwear factory in France with Salomon and others
French textile producer Chamatex has teamed up with Salomon, Babolat and Millet as well as an investment company on the construction of a new footwear manufacturing facility called Advanced Shoe Factory 4.0 (ASF 4.0) in the Auvergne-Rhône-Alpes region of France. ASF 4.0 was founded by Chamatex with the goal of ...
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ArticleCanada’s MEC to be taken over by U.S. investor; co-op owners feel betrayed
The announced sale of Canada’s best-known outdoor equipment retailer, Mountain Equipment Co-op (MEC), to Kingswood Capital Management, a Los Angeles-based private equity firm, has sparked widespread discussion across Canada. MEC was founded in 1971 in Vancouver, British Columbia. To be able to shop in the store, customers had to purchase ...
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ArticleKlarna becomes the most valuable financial start-up in Europe
Klarna, a Swedish online payment service provider with headquarters in Stockholm, raised $650 million in an equity funding round, which values the whole company $10.65 billion. Klarna claims that the valuation ranks it as the highest-valued private fintech in Europe and the 4th worldwide. The funding round was led by ...
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ArticleClarus expects Black Diamond and Sierra to grow
In a presentation at this year’s virtual edition of the Gateway Conference in San Francisco, an annual invite-only conference that brings together the most compelling companies with the nation’s top investors and analysts, Clarus called the Covid-19 pandemic a “potential blessing” for its Black Diamond and Sierra brands, as new ...
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ArticleLloyds Fonds acquires 2.4% of Polygiene AB
As we reported earlier, the Swedish fabric technology brand Polygiene, which was founded in 2006 as a spin-off of the Swedish chemical company Perstorp, was among the winners in the Covid-19 pandemic thanks to its new antiviral treatment, ViralOff®, which was launched in April. This success also aroused the interest ...
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ArticleBradshaw Taylor repositions Le Chameau
After Bradshaw Taylor Ltd, an outdoor sales specialist from Oakham, UK, bought the premium boot brand Le Chameau last November, the family business has invested heavily in the brand. To position it well for the future, company boss Corry Taylor and his team have made drastic and daring changes that ...
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ArticleRossignol to sell Raidlight except for Outdoor Experiences division
The Rossignol Group has announced the sale of Raidlight Vertical, a French company specializing in footwear, apparel and equipment for trail running and ski touring, with an annual turnover of around €8 million. It will only keep and expand its Outdoor Experiences division, which organizes trail running, Nordic walking, mountain ...
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ArticleRussian outdoor goods industry resumes operation
Russian outdoor industry companies hit by the Covid-19 pandemic are gradually getting back to business. N1Sport – according to its owner, Alexey Surkin – has not only resumed production but expanded its range, beginning to manufacture athletic apparel for the mass market under the Sterin brand. The first products in ...
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ArticleeVent has a new owner
eVent fabrics, a Missouri-based developer of waterproof apparel, has announced that as of June 30, Performax Pro has assumed full ownership of the brand after acquiring it from Parker Performance Materials for an undisclosed sum. Performax Pro, based in Hong Kong, is a provider of performance fabrics in Asia, the ...
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ArticleOdlo has a new owner
Monte Rosa Sports Holding AG, a company based in Switzerland, has acquired Odlo International, the Swiss producer of functional sports underwear, together with all its national subsidiaries, from Herkules Fund III. The transaction was completed on Wednesday, May 13, for an undisclosed price. Odlo was founded in 1946 in Oslo ...
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ArticleYeti offers more shares after a good Q1
Yeti has announced a secondary offering of 15 million shares by the Seiders family and some of its shareholders. It’s the third time that insiders have sold large batches of shares since the American maker of camping coolers and drinkware went public in 2018. The latest offering came after Yeti’s ...
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ArticleStore closures end Black Diamond’s strong growth
Store closures due to the pandemic pushed Clarus Corp.’s sales for the first quarter down by 12 percent to $53.6 million. The parent company of Black Diamond, Pieps and Sierra Bullets saw its net income tumble to $36,000, compared with $3.8 million for the three months ended on March 31, ...
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ArticlePolygiene benefits from antiviral technologies
Polygiene said its revenues grew in the first quarter of 2020, despite production being halted across Asia due to the coronavirus outbreak. According to preliminary estimates, the Swedish company’s sales rose by 4.3 percent from the year-ago quarter, which the management partly attributed to the group being able to deliver ...
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ArticleInterview with Heiner Oberrauch, president of the Oberalp Group
Heiner Oberrauch Source: Oberalp Group We recently heard a lot about the Salewa brand and its operational decisions and support programs during the Covid-19 crisis. After the interview with Salewa’s managing director Stefan Rainer, the Compass now had the opportunity to speak to Heiner Oberrauch, president of ...
