Latest Corporate and M&A

  • GiantStages Collage2
    Article

    Giant Group acquires minority stake in Stages Cycling

    2023-01-30T09:02:00Z

    According to two filings published on the Taiwan Stock Exchange (TWSE), the country’s largest bicycle manufacturer, Giant Manufacturing Company Ltd (a.k.a. Giant Group – Cadex, Giant, Liv, Momentum brands), has acquired a minority stake in U.S.-based indoor cycling and professional cycling training expert, Stages Cycling LLC. Following the approval at ...

  • logo-emerald
    Article

    Emerald acquires U.S. organizer of Overland Expo Series

    2023-01-13T14:04:00Z

    Trade show organizer Emerald Holding, Inc, responsible for the U.S. trade show Outdoor Retailer, among others, has acquired all assets of Lodestone Events, a U.S. event production company that owns and operates the Outside Adventure Expo and Overland Expo event series. According to an official statement, the acquisition supports “Emerald ...

  • Solo
    Article

    Solo Brands eyes deeper assortments with wholesale partners

    2023-01-11T12:42:00Z

    The publicly traded Grapevine, TX company, which owns four businesses led by its Solo Stove unit, has a Direct-To-Consumer to Wholesale ratio of 85 to 15, a percentage that is likely to persist given Solo’s extreme focus on its relationship with customers. But Solo has a new partnership with warehouse ...

  • Helen of Troy_Logo
    Article

    Helen of Troy making three organizational changes

    2023-01-06T07:55:00Z

    Helen of Troy, the parent of Osprey and Hydro Flask, is undergoing three organizational changes and shrinking its global workforce by about 10 percent, with most staff reductions completed before March 1. Most notably, the group has decided to merge its Health & Wellness and Beauty segments, centralize its global ...

  • Cycle UnionProphete
    Article

    German bicycle manufacturer Prophete files for insolvency proceedings

    2022-12-29T10:26:00Z

    On Dec. 20, the renowned German bicycle manufacturer Prophete GmbH & Co. KG filed a petition to open insolvency proceedings (file number 43 IN 777/22). The court appointed Manuel Sack of nationwide law firm Brinkmann & Partner as Prophete’s provisional insolvency administrator. Between Dec. 20 and 23, the following entities ...

  • 3S5A0955-2
    Article

    Oberalp Group begins construction of new Pomoca headquarters

    2022-12-22T17:00:00Z

    Source: Oberalp Group Artistic illustration of the new production facility of Pomoca The South Tyrol-based Oberalp Group has laid the foundation stone for the new production facility of its Pomoca brand. The new headquarters are now under construction at the foot of Mount Suchet in Chavornay (Vaud), ...

  • Josh Vaughann Icebreaker General Manager EMEA
    Article

    Icebreaker’s Josh Vaughan: “We can take market share from the synthetic base”

    2022-12-21T09:46:00Z

    Icebreaker’s General Manager EMEA talks about how he wants to increase the share of natural fibers, how Icebreaker needs to be positioned, and which decision in the past was a mistake.

  • Bike24II
    Article

    Trial phase of the new Bike24 logistics center for southern Europe underway

    2022-12-21T07:30:00Z

    Before the end of the year, the new logistics center of the German cycling, running and swimming sports online retailer Bike24 Holding AG started its pilot run in Barcelona. The first test packages have already been shipped. This means that the second logistics center of the “leading e-commerce platform for ...

  • ORTOVOX_Executive Board_Michael Sieber_Christian Schneidermeier_Stefanie Rieder-Haas
    Article

    Michael Sieber: “There will be some bumps in the road”

    2022-12-16T07:03:00Z

    Ortovox general management reveal their challenges for 2023 and explain why they are confident.

  • 3T
    Article

    Italian investor joins 3T Cycling

    2022-12-13T12:40:00Z

    To support 3T Cycling’s ongoing rapid growth, UTurn Investments Srl, an independent family firm founded by Gianpiero Peron, Luca Mongodi and Alberto Nicoli, has invested in the iconic high-end Italian niche bicycle company. The focus is also on expanding 3T’s own “Made in Italy“ factory, where not only bike components, ...

  • Vittoria Group HQs_1
    Article

    British Mammut owner and investment company Telemos takes majority stake in Vittoria Group

    2022-12-13T12:20:00Z

    A year and a half after acquiring the Swiss Mammut Sports Group from Bystronic (formerly Conzzeta Group), Telemos Capital is making news with another acquisition in the sporting goods industry. The British investment group has signed a binding agreement to acquire a majority stake in Vittoria Group, the bicycle tire ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine to divest Keds and leather business, announces staff reductions

    2022-12-09T14:02:00Z

    Driven by a focus on increasing long-term shareholder value, Wolverine Worldwide is divesting or licensing its Keds brand and Wolverine leather business segments and is initiating an unspecified headcount reduction. The staff cuts are projected to result in approximately $30 million in savings for the company in 2023, and the ...

  • Equip_Logo_Black
    Article

    Equip regaining independence, announcing management changes

    2022-12-08T12:16:00Z

    Fundamental changes to the Equip Outdoor Technologies UK Ltd. (Equip) company structure: the parent company of Rab and Lowe Alpine announced a multi-million BP financing package with British bank HSBC UK. The financial backing aims to enable Equip to repay investors, including long-time partner Mobeus VCTs, which is advised by ...

  • Silva - Primus
    Article

    Silva acquires Primus, Fenix Outdoor remains distribution partner for select markets

    2022-12-07T11:44:00Z

    Swedish outdoor equipment company Silva, which was acquired by equity investor Verdane in 2021 with decisive expansion plans, has acquired 100 percent of the Primus AB shares from Fenix Outdoor (which also sold its brand Brunton at the end of last year). Source: Primus Both Silva ...

  • EIT Palm_Glove road
    Article

    Cypad Group acquires majority stake in Pasasport

    2022-12-05T17:11:00Z

    Since the entrance of the investor PM&Partners SGR S.P.A. in the Italian company Cytech S.r.l. (Cypad Group), which claims to be the world’s leading group for the production of seat pads in sportswear (cycling shorts, etc.) and glove pads, the focus has been on growth. Together, the companies have launched ...

  • VF_Corp_Logo
    Article

    VF seeks new permanent CEO following Rendle’s decision to step down

    2022-12-05T15:55:00Z

    Source: VF Corp. Benno Dorer, interim president and CEO of VF, effective immediately VF Corp. announced that Benno Dorer, lead independent director of the VF board of directors, has been appointed interim president and chief executive officer, effective immediately. Richard Carucci, who has served on the board ...

  • Powershift Kit
    Article

    Classified Cycling closes €22 million financing round

    2022-12-05T14:10:00Z

    Bicycle components newcomer Classified Cycling has successfully closed another round of financing. With the entry of new investors, €22 million were flushed into the Belgian company’s coffers. With the cash injection, raised under the leadership of investment firm Active Partners, Classified aims to “revolutionize the bicycle and e-bike market with ...

  • Schwan_Stabilo_Logo
    Article

    Schwan-Stabilo’s outdoor brands grow by 16.4%

    2022-11-25T16:08:00Z

    The German Schwan-Stabilo group, the owner of Deuter, Ortovox, Maier Sports and Gonso, has published its 2021/22 business numbers, achieving growth in all of the group’s categories, which are cosmetics, writing instruments and outdoor sports. In the time span reported, the group generated sales of €745.3 million (previous year: €623.2 ...

  • 38b782d8-5176-a5d6-cf83-7622f39524be
    Article

    Bike industry veteran Pat Cunnane named CEO of Messingschlager USA

    2022-11-22T08:59:00Z

    Europe’s leading and expanding bicycle accessories supplier Messingschlager GmbH & Co. KG has been able to win over a high-profile industry expert. The German company, which acquired its longtime U.S. partner company – then called Cycle Force Group – and its subsidiaries at the end of 2021 and shortly thereafter ...

  • 0_Cannondale_Wordmark_Black Kopie
    Article

    Cannondale’s new organizational structure without European head

    2022-11-21T17:17:00Z

    Source: Cannondale Marco Kind After Canadian conglomerate Dorel Industries sold its Dorel Sports bicycle division – comprising Cycling Sports Group (CSG) and Pacific Cycle Group (PCG) – to Dutch company Pon Holdings B.V. last year, work has been underway to integrate the acquired brands. Cannondale, the U.S. ...