Latest Corporate and M&A – Page 7

  • Berghaus Logo
    Article

    Pentland Brands Germany undergoes restructuring, Berghaus with comeback

    2022-11-21T15:01:00Z

    Source: Pentland Brands Germany Michael Schupp With the restructuring of Pentland Brands Deutschland GmbH, founded in 2020 in Gmund in southern Germany, which as an offshoot of the British Pentland Group also distributes the group’s Endura and Speedo brands in the DACH region, the well-known British mountain ...

  • Bosch-POR
    Article

    Bosch invests specifically in the European production of eBike Systems

    2022-11-20T09:29:00Z

    In mid-October, the Slovakian ministry of economy told the domestic press that Robert Bosch GmbH (Bosch Group) and its offshoot Robert Bosch spol sro (aka Bosch-Slovensko) would expand the Slovakia-based Electric Drive Division to produce e-bike components for its e-bike drive supplier Bosch eBike Systems and invest accordingly. Shortly after ...

  • Yakima_red_600px
    Article

    ​Yakima with new global organizational structure

    2022-11-10T16:16:00Z

    Yakima, a manufacturer of transportation and equipment management solutions headquartered in Oregon, USA, has announced that Ryan Martin, current CEO of the Americas region, will expand his responsibilities to also drive strategic direction and growth in Australasia (Australia, New Zealand and the adjacent Pacific Islands) and EMEA (Europe, Middle East ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine lowers FY forecast again, unveils brand reorganization

    2022-11-10T08:53:00Z

    Wolverine World Wide Inc. again lowered its full-year outlook after continuing supply chain constraints, increased promotional activity and deteriorating economic conditions weighed on third-quarter results, which came in below expectations. The company also announced a long-awaited reorganization of its brands to help cut costs and expand margins. Full-year revenue is ...

  • SIDI Cycling 3
    Article

    Italmobiliare announces new Sidi CEO after takeover

    2022-11-08T17:11:00Z

    Source: Sidi Sport Davide Rossetti, CEO Sidi Sport With domestic investment holding company Italmobiliare Holding S.p.A. (we reported in July) set to complete the acquisition of Italian cycling and motorcycle footwear icon Sidi Sport S.r.l. in the current fourth quarter of 2022 “at an enterprise value of ...

  • patrikfrisk_ulricehamn
    Article

    Patrik Frisk buys ski resort in Sweden

    2022-11-05T08:48:00Z

    Patrik Frisk, former CEO of Under Armour, has purchased a ski resort in Sweden. Branäs Group announced the sale of Ulricehamn Ski Center in Västergötland to Frisk and his family last Thursday. Frisk told Freeride magazine that he wants to give more young people, families and clubs in the region ...

  • Hepha.
    Article

    New German DTC e-bike company Hepha goes live

    2022-11-04T11:53:00Z

    A new DTC e-bike supplier called Hepha GmbH is a new kid on the block in the buzzing e-bike market. Noticeably, the top model of the southern German brand comes with a mid-motor developed by the company itself in Germany, while the two other models are equipped with mid-motors made ...

  • Bottega di Pinarello 02
    Article

    Pinarello’s good results accelerate further investments

    2022-10-24T14:04:00Z

    Based on the good financial results of the 2021/22 fiscal year (ended June 30), Italy’s Cicli Pinarello s.r.l. is looking to a bright future. For the current fiscal year 2022/23, the road bike supplier is expecting a growth rate of between 25 and 30 percent – “still considering the limitation ...

  • logo-alpkit-2
    Article

    Alpkit launches second crowdfunding; invites customers to join as shareholders

    2022-10-19T09:27:00Z

    On Oct. 24, British outdoor and cycling brand Alpkit will once again invite its customers to participate as shareholders via crowdfunding. The company launched a first of its kind in 2020, reaching its target in just eight minutes and closing the round 43 minutes later with 1350 customers as shareholders ...

  • infinited_fiber_logo_white_background_1200px
    Article

    Infinited Fiber predicts Infinna roll-out delay due to Ukraine war

    2022-10-17T14:57:00Z

    Fashion and textile technology company Infinited Fiber Company’s work to build the world’s first commercial-scale Infinna™ textile fiber mill in Kemi, Finland, has been largely on track since the mill site was announced in June 2022. The company is now also increasing its focus on further scaling up Infinna production ...

  • houdini-logo_black_transperant
    Article

    Houdini strengthens global leadership, opens U.S. office in Portland

    2022-10-14T12:23:00Z

    Swedish outdoor brand and circular business pioneer Houdini has announced a strengthened global leadership team and the establishment of a U.S. office in Portland, Oregon. Niclas Bornling has been named general manager for North America, and Brian Anthony becomes director of sales and merchandising. Both are working out of the ...

  • Bergzeit_Zentrale_Otterfing_Gebäude_Haupteingang_credit_Bergzeit
    Article

    Bergzeit puts automated shuttle warehouse into operation

    2022-10-10T09:45:00Z

    After a construction period of around 20 months, German online retailer Bergzeit has put a logistics annex with a new warehouse system featuring modern shuttle technology into operation at the company’s headquarters in Otterfing near Munich in September. Covering an area of 2,072 square meters, the warehouse is controlled and ...

  • Litauen1
    Article

    New PBG production facility in Lithuania on schedule

    2022-10-04T16:15:00Z

    After the grand opening of German Kalkhoff Werke GmbH’s plant in September (production of Kalkhoff and Focus e-bikes already started in March), there were questions as to whether Kalkhoff’s Dutch parent company, Pon Bike Group (PBG), would be able to open its third European production facility in Lithuania in 2024 ...

  • A.LIGHT_GO_1080x
    Article

    Edelrid Group acquires avalanche backpack manufacturer ABS

    2022-09-30T08:56:00Z

    ABS is becoming part of the Edelrid Group (a company group that also includes the Edelrid brand and Vaude Vietnam). By adding the Munich-based avalanche backpack company to its portfolio, the group is expanding its range of personal protective equipment (PPE) for winter sports. ABS had been owned by Spin ...

  • 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 ...