Latest Corporate and M&A

  • Patagonia-Logo
    Article

    Patagonia and Gellert’s reactions to allegations of tax evasion

    2022-09-23T09:14:00Z

    We summarize what Patagonia CEO Ryan Gellert and competitors have to say about Chouinard’s move to donate Patagonia to fight climate change. 

  • Yvon_Chouinard_Photo-Campbell Brewer(1)
    Article

    Chouinard family transfers Patagonia ownership to channel dividends to environmental protection

    2022-09-15T08:19:00Z

    Source: Campbell Brewer Yvon Chouinard Nearly 50 years after founding Patagonia, Yvon Chouinard and his family (together with his children Claire and Fletcher) have decided to give away their company to ensure all proceeds will be used to fight climate change. The Chouinard family has transferred all ...

  • MIPS_logo
    Article

    Mips predicts temporarily weaker bicycle market than expected

    2022-09-14T09:09:00Z

    After two years of bicycle-related sales records, the listed Thule Group AB already spoke of an imminent temporarily reduced bicycle-related sales volume that will affect sales and profitability in the coming months (OIC reported). Now Mips AB, also from Sweden, is following suit: The Brain Protection System (BPS) manufacturer, also ...

  • Lenzing20180509249
    Article

    Lenzing sees Austrian site at risk due to energy costs, politics and shortage of skilled workers

    2022-09-14T09:09:00Z

    Stephan Sielaff, the CEO of fiber manufacturer Lenzing AG, sees Austria as an attractive production location - but also as a vulnerable one. “Gas prices are high in Austria, but not in China. If we can no longer cover our costs, at some point, it will be the end of ...

  • HeikoMüller_Dr.SandraWolf_MarkusRiese
    Article

    Riese & Müller with new management structure and first-time management board

    2022-09-12T14:19:00Z

    Almost 30 years ago, Markus Riese and Heiko Müller, then students, founded the bicycle company Riese & Müller GmbH (R&M). Since then, the German business has grown from a folding bike start-up to a global player in the e-bike market and today employs over 900 people and generates annual sales ...

  • Ecoride in Göteburg
    Article

    Swedish e-bike manufacturer EcoRide brings production home

    2022-09-12T08:11:00Z

    Due to its growth course and imposed EU anti-dumping duties on e-bikes from China, e-bike supplier Nordic Group EcoRide AB moved its production from China to Poland in 2018 – still under the old company name ProNordic Group. Now the Swedish company is moving production again, from Poland to Sweden ...

  • Veloretti2
    Article

    Pon Holdings continues to invest in the automotive and bicycle mobility segments

    2022-09-08T15:31:00Z

    Source: Veloretti After the parent company of Pon Bike Group (PBG), Pon Holdings B.V., on June 1 became a minority shareholder in German car dealer Adelbert Moll GmbH & Co. KG (better known as Moll Group) for an undisclosed amount, the Dutch retail and services giant has ...

  • Ecco-logo
    Article

    Ecco finishes renovation of headquarters

    2022-09-07T14:54:00Z

    Ecco has completed the refurbishment of its headquarters located in Bredebro. The town, situated in southern Denmark, has been the company’s home since its foundation in 1963 by Birte and Karl Toosbuy. The site comprises various corporate functions, including finance, supply chain, procurement, information technology, human resources and corporate responsibility. ...

  • TICKET TO THE MOON B2C Original
    Article

    Ticket to the Moon receives provisional membership status to WFTO

    2022-09-01T13:20:00Z

    Ticket to the Moon, known for its silk parachute hammock and a range of other travel and outdoor accessories, has been granted provisional membership to the World Fair Trade Organisation (WFTO), the global community of social enterprises that fully practice Fair Trade. WFTO’s guarantee system verifies that members are truly ...

  • Pierer Mobility
    Article

    Pierer Mobility raises sales forecast for FY 2022

    2022-08-29T18:13:00Z

    While many listed companies are lowering their sales forecasts in these troubled times, Austrian two-wheeler giant Pierer Mobility AG has just revised its sales forecast for fiscal 2022 for the better. According to an ad hoc release published on Aug. 29, good performance in the first half of 2022 and ...

  • Erste Illustration des Standorts, by Sonnentag Architektur GmbH
    Article

    Excavation work for new MBPS corporate headquarters in full swing

    2022-08-26T09:17:00Z

    With the completion of the basic planning phase, the Magura Bosch Parts & Services (MBPS) joint venture formed by Magura and Bosch eBike Systems is starting construction work on the previously communicated new energy-efficient corporate head office. After completion of the excavation work, the start of the ...

  • Callaway_Logo
    Article

    Jack Wolfskin’s parent changes company name

    2022-08-25T07:56:00Z

    Callaway Golf Company announced plans to change its corporate name to Topgolf Callaway Brands Corp. Following the company’s merger with Topgolf in 2021, “the name change reflects Callaway’s dynamic brand portfolio that has unmatched scale and reach across the full modern golf and active lifestyle ecosystem, including on- and off-course ...

  • ThredUp logo1
    Article

    ThredUp loses $28 million in Q2, may lay off 15% of workforce

    2022-08-17T09:28:00Z

    California-based ThredUp Inc, a company operating in the apparel resale market that also provides a platform for third-party brands, announced its financial results for the second quarter ended June 30, 2022. Revenue increased 27 percent to $76.4 million, while active buyers increased 29 percent to 1.7 million. The gross margin ...

  • Archroma_Huntsman_Logos
    Article

    Archroma acquires Textile Effects business from Huntsman

    2022-08-11T03:23:00Z

    The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...

  • Wolfgang & Werner von Hacht
    Article

    Change of ownership at family-owned bicycle supplier Stevens

    2022-08-10T14:11:00Z

    Source: Stevens Stevens founders and brothers Wolfgang (left) and Werner von Hacht. As he reached the age of 65, company co-founder Wolfgang von Hacht retired from the management of Stevens Vertriebs GmbH. His 50 percent share in the German bicycle supplier, which once emerged from a Hamburg ...

  • Pinion-CEOs
    Article

    Bombardier acquires majority stake in German bike transmission specialist Pinion

    2022-08-05T16:00:00Z

    Pinion, a Stuttgart-based manufacturer of a fully sealed manual bike transmission “Made in Germany,” which is based on sports car gearbox technology, has gained a new strategic partner in the Canadian group Bombardier Recreational Products Inc. (BRP), which has also become a majority shareholder alongside the founders and managing directors ...

  • Simms-Vista
    Article

    Vista Outdoor acquires Simms Fishing Products

    2022-07-28T10:33:00Z

    Shortly after announcing its acquisition of Fox Racing, a California-based global provider of high-performance motocross, mountain biking and lifestyle gear, for at least $540 million, Vista Outdoor Inc. has now confirmed that it will also acquire Montana-based Simms Fishing Products. Simms is a premium fishing brand and leading designer, marketer ...

  • Cycling Tech LinkedIn
    Article

    New association to support cycling start-ups in France

    2022-07-20T05:45:00Z

    A new French trade association, called Cycling Tech France, has been launched to support national cycling start-ups, Sport-Guide has reported. The organization, established by Eric Dodin and Alexandre Rispal, gathered for its first official meeting on July 1. Based on Sport-Guide’s information, the association’s members currently include Ateliers Heritagebike, Caminade, ...

  • EOClogo
    Article

    Elevate Outdoor Collective reorganizes global sales structure

    2022-07-13T12:20:00Z

    Elevate Outdoor Collective (EOC), formerly K2 Sports, which includes the K2 Ski, K2 Snowboarding, Völkl, Marker, Dalbello, Line, Ride, BCA, Tubbs Snowshoes, Atlas Snowshoes, Madshus and K2 Skates brands, has announced a fundamental change to its global sales structure designed to support the growth of the independent brands. The change, ...

  • vista_outdoor_logo_Fox_Racing
    Article

    Vista Outdoor to acquire Fox Racing

    2022-07-06T14:20:00Z

    Virginia-based Vista Outdoor Inc, the parent company of 39 sports and outdoor brands, announced it has entered into a definitive agreement to acquire Fox Racing, a global provider of high-performance motocross, mountain biking and lifestyle gear from Irvine, California. The purchase price is $540 million, with the possibility of earning ...