Latest Corporate and M&A – Page 12
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ArticleStefan Pierer now also heading Leoni AG
Shareholder Stefan Pierer wants to take over Leoni AG, the struggling supplier of wire, cable and wiring systems, and delist it. There are many signs that Leoni will then be incorporated into Pierer Industrie AG based in Welz, Austria.
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ArticleFenix sees possible M&A, aims to cut logistics costs after starts 2023 ‘in a reasonable way’
Fenix Outdoor International said it is beginning 2023 “in a reasonable way” despite economic uncertainty and high inventory levels at retailers. The trend seen in the fourth quarter of 2022, with brick-and-mortar stores performing somewhat better than digital, has continued at the start of this year, the company added. “We ...
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ArticleMTB pioneer Gary Fisher launches new e-bike brand
With 20 employees based in Fremont, California, and partnered with an aviation battery company, Gary Fisher (one of the inventors of the mountain bike) has founded a new e-bike company called Morelle. According to the vibrant discussion going on with Fisher on LinkedIn, Instagram and Twitter, his new company aims ...
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ArticleAleck acquires crash helmet sensor manufacturer Tocsen
Aleck, a manufacturer of wireless audio and communication systems for outdoor sports, has acquired Tocsen, a German brand of smart crash sensors for bicycle, snow and riding helmets. Tocsen was established in 2019 by Alexander Schumacher, Andreas Botsch and Malte Buttjer after a close friend of theirs ...
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ArticleTopo Designs receives growth investment from Gart Capital Partners
Topo Designs, a Colorado-based outdoor brand that offers sustainable, durable apparel and accessories, says it has received a “significant” equity investment from Gart Capital Partners, a family investment firm with longstanding outdoor roots, also headquartered in Colorado. The investment marks the first time the brand has raised external capital since ...
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ArticleCake enters China, collaborates with Shanghai manufacturer for 150,000 units
Cake, the Swedish manufacturer of premium lightweight electric motorcycles, has announced a major partnership with Shanghai-based bicycle manufacturer and retailer Shanghai Forever. The goal is to produce and sell 150,000 units in China over the next four years. Shanghai Forever was established in 1940 as one of the earliest bicycle ...
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ArticleSchwalbe manufacturer Bohle reports record sales in anniversary year
For its 50th anniversary year 2022, Schwalbe manufacturer Ralf Bohle GmbH has reported record sales of €335 million. Compared to 2021, this is a whopping plus of 20.9 percent. Looking at the current fiscal year, however, the German company is expressing caution: For 2023, the bicycle tire manufacturer anticipates declining ...
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ArticlePatagonia celebrates 50 years of “business unusual”
Patagonia is turning 50 this year. To mark the occasion, the outdoor apparel company, founded by Yvon Chouinard, is looking to the future and focusing on what’s next. From Patagonia’s perspective, any hope for a healthy planet - as well as a healthy company - requires that all people do ...
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ArticleSnow Peak and Panasonic collaborate to bring nature back into our lives
The U.S. division of Snow Peak, a Japanese camping brand with more than 60 years of history, is collaborating with creative studio Future Life Factory by Panasonic to explore the theme of “Naosobi” and develop new products to deepen our society’s connection to nature. Noasobi literally means “playing in the ...
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ArticleSpanish bike-rental outfit has big plans
Rookfy, a bicycle-rental platform in Spain, enjoyed a satisfactory debut last year, according to chief technology officer Santiago Alonso, who spoke with CMDsport. The young company has recently added the retailer Escapa to its marketplace and joined the Spanish Association of Brands and Bicycles (Ambe). In an interview with Joanseguidor.com, ...
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ArticlePon.Bike celebrates groundbreaking in Lithuania
In early 2022, the Dutch mobility group Pon Holdings B.V. announced plans to invest in the construction of a new state-of-the-art bicycle and e-bike production facility in Lithuania. In September 2022, it was confirmed that, despite all the odds of our times, they were on schedule to open in 2024. ...
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ArticleCanada Goose aims to have up to 150 stores and $3 billion in sales by 2028
After reporting slightly weaker third-quarter numbers earlier this month, Canada Goose, founded in 1957 in a small warehouse in Toronto, Canada, announced not only its five-year financial goals but also an update on its strategic priorities at its Investor Day on Feb. 7, 2023, at the company headquarters. “Today, Canada ...
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ArticleSRAM Group commits to building a new plant
Source: SRAM Group According to the plan, the new modern SRAM Group production facility in Taichung should start in 2024. For more than three decades, US component supplier SRAM Group has relied on Taiwan for its production. After all, the island nation committed itself many years ago ...
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ArticleGiant Group acquires minority stake in Stages Cycling
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 ...
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ArticleEmerald acquires U.S. organizer of Overland Expo Series
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 ...
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ArticleSolo Brands eyes deeper assortments with wholesale partners
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 ...
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ArticleHelen of Troy making three organizational changes
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 ...
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ArticleGerman bicycle manufacturer Prophete files for insolvency proceedings
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 ...
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ArticleOberalp Group begins construction of new Pomoca headquarters
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), ...
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ArticleIcebreaker’s Josh Vaughan: “We can take market share from the synthetic base”
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.
