Latest News & Analysis – Page 118
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ArticlePatagonia and Gellert’s reactions to allegations of tax evasion
We summarize what Patagonia CEO Ryan Gellert and competitors have to say about Chouinard’s move to donate Patagonia to fight climate change.
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ArticleE-Commerce: Secondhand marketplaces on the rise
Cross-border marketplaces are developing fast, and the C2C trend is one of the drivers.
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ArticleFelix Münnich becomes the new chief commercial officer at Mammut
Münnich comes from one of the top players in the sporting goods business to Mammut.
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ArticleLenzing suspends 2022 earning outlook over market deterioration
The Lenzing Group has announced that, because of “the drastic deterioration of the market environment in the current quarter,” it has suspended its guidance for the development of earnings in the 2022 financial year. The specialist fiber manufacturer specifically referred to “the extremely low visibility on the demand side and ...
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ArticleEthical Trading Initiative issues new assessment for production in Myanmar
The Ethical Trading Initiative (ETI) has commissioned an independent evidence-based assessment of human rights and responsible business conduct within Myanmar. The assessment was conducted by Due Diligence Design, with research and analysis from partner Impactt; guidance on the implications of the UN Guiding Principles (UNGPs) from SHIFT; and consultation with ...
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ArticleKMD Brands sees sales momentum resuming
After a challenging first half impacted by the effects of the Covid-19 pandemic, KMD Brands experienced rebounding sales in the final two quarters.
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ArticlePortugal’s two-wheeler export volume grows 38 percent in the first 7 months
According to the Portuguese Bicycle Industry Association ABIMOTA, Portugal has achieved a production growth of 38 percent in the first seven months of the current year 2022 (and compared to the same period in 2021). These figures, which have also been confirmed by the European Union’s statistical office Eurostat, make ...
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ArticlePaul Lange management expands with third-generation family member
Source: Paul Lange & Co. Paul-César Lange Stuttgart-based bicycle wholesaler and importer Paul Lange & Co OHG has filled the newly created position of chief strategy officer (CSO) with Paul-César Lange, who will be responsible for strategic direction in his new role with immediate effect. He will ...
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ArticleChouinard family transfers Patagonia ownership to channel dividends to environmental protection
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 ...
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ArticleOpening up the Outdoors: A report from the Outdoor Industries Association’s annual gathering
The British trade body’s Annual General Meeting has been a great indicator of its national waymarks: it marked the speech from the Prime Minister about putting the country into lockdown, it was the first gathering I attended post lockdown, while this week, it marked the death of the monarch – ...
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ArticleMips predicts temporarily weaker bicycle market than expected
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 ...
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ArticleLenzing sees Austrian site at risk due to energy costs, politics and shortage of skilled workers
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 ...
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ArticleOberalp Group presents products made from hemp
Right next to Oberalp’s own hemp field, the Alpine Hemp collection from Salewa was among the products presented at a cross-industry event on the topic of hemp on Sep. 7. For this purpose, industrial hemp was grown and processed into new products in a multi-industry partnership. At the press conference ...
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ArticleRiese & Müller with new management structure and first-time management board
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 ...
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ArticleEOCA submits application for Earthshot Prize
The European Outdoor Conservation Association (EOCA) has taken a step forward with its application for the 2022 Earthshot Prize. Launched in late 2019, the Earthshot Prize will award five £1 million prizes each year for ten years. Established by Prince William and the Royal Foundation of The Duke and Duchess ...
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ArticleSwedish e-bike manufacturer EcoRide brings production home
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 ...
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ArticleSpinnova reports soaring revenues in H1
Spinnova has reported revenues of €7.6 million for the first half of 2022, which compares to €370,000 in the first half of 2021 and to €6.1 million for the whole of 2021. However, the Finnish biomaterials company also reported an operating loss of €5.8 million for H1, which compares to ...
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ArticleBosch eBike Systems expands IBD service portfolio in Europe
German e-bike drivetrain maker Bosch eBike Systems is strategically expanding its service portfolio for independent bicycle dealers in Europe. In addition to launching training courses in five additional countries (Ireland, Croatia, Luxembourg, Poland and Slovenia), the company has created a new partner portal that allows e-bike dealers to stay up ...
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ArticlePon Holdings continues to invest in the automotive and bicycle mobility segments
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 ...
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ArticleWhat to expect at ISPO Munich in November 2022
Tobias Gröber, head of ISPO Group, revealed the latest plans for the upcoming ISPO Munich from Nov. 28-30 and gave an interesting outlook on the sports market in general.
