Latest News & Analysis – Page 122
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ArticleRapala VMC H1 results sink on market challenges
Rapala VMC suffered a 42 percent decline in comparable first-half operating profit to €15.5 million from €26.5 million as total revenues dipped by 7 percent to €148.4 million from €159.6 million. First-half net profit slid 52 percent to €8.7 million from €18.1 million. Period end inventories were up nearly 60 ...
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ArticleMcKinsey study on textile waste recycling sees economic potential – and points out current bottlenecks
In a new online study, consulting firm McKinsey looked at the current state of textile recycling in Europe – and sees the potential to achieve a significant amount of fiber-to-fiber recycling in Europe by 2030. There are several hurdles to overcome along the way, including textile collection, sorting and pre-processing, ...
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ArticleElevate Outdoor Collective reorganizes global sales structure
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, ...
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ArticleTextile Exchange releases reports on Sustainable Cotton and Recycled Polyester challenges
Textile Exchange, a U.S.-based networking platform for the textile industry, has released its reports on the Sustainable Cotton challenge and Recycled Polyester challenge, two of the platform’s fiber challenges that are set up to replace conventional materials by lower impact solutions. The organization believes that this, coupled with investment in ...
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ArticlePyua boosts DTC business with e-com specialist Gute Marken
Gute Marken Online GmbH will further boost the e-commerce business of German outdoor brand Pyua, specializing in sustainability and circular economy. The Pyua online store and the marketplace business will be managed by Munich-based Gute Marken starting in fall 2022. Pyua is thus primarily pursuing growth targets and intends to ...
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ArticleHelen of Troy’s outdoor business shows resilience in Q1
Outdoor-related products, including the recently acquired backpack manufacturer Osprey Packs, led sales gains in the Home & Outdoor segment of El Paso, Texas-based consumer goods group Helen of Troy in the first quarter ended May 31. Sales gains for the segment came despite a decline in the company’s overall top ...
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ArticleAnalysis: Outdoor industry stocks fell more than 21% in Q2
Outdoor industry stocks fared worse in the second quarter than in the first period of 2022, declining an average of 21.18 percent compared to a 17.84 percent sequential drop in the average stock prices of companies primarily involved in the outdoor and bicycle sectors. This time around, our quarterly analysis ...
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ArticleBicycle Stocks Q2 2022: Russia’s invasion causes market low
After the stock market booster called hope catapulted the OIC Bicycle Stock Chart 2021 to new heights and seemed to defy all realities, the high flight ended with Russia’s invasion of Ukraine. The chart of the first quarter of 2022 already showed a steep decline, which now also continued in the second quarter.
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ArticleVista Outdoor to acquire Fox Racing
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 ...
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ArticleRossignol Bikes available in most EU countries and U.K.
Source: Rossignol After the French Groupe Rossignol SA decided to focus entirely on its own Rossignol brand in the bicycle sector as part of a radical restructuring phase, no stone was left unturned. At the beginning of 2021, the domestic bicycle and pedal subsidiary Time Sport International ...
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ArticleMichael Sieber, Ortovox: “Family is essential”
In our interview with Michael Sieber, member of the Ortovox executive board, head of the new customer and brand division and head of sales, we learn more about the geopolitical situation, the internationalization of the company and why family is so important in a healthy work environment.
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ArticleJack Wolfskin acquires Polish distributor, establishes central hub for Eastern European growth
Jack Wolfskin has acquired its 24-year distributor for Poland, FAM Sp.K., strengthening its newly formed company Jack Wolfskin Poland Sp. z o.o., based in Gdynia near Gdansk, to bolster the brand’s presence in the fast-growing Polish market. The subsidiary will also serve as a strategic hub for all of Eastern ...
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ArticleThe Lycra Company taken over by creditors
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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ArticleEuropean Outdoor Summit early bird rates end soon, keynote speakers announced
On October 6 and 7, 2022, the outdoor world’s senior executives gather in Annecy for the European Outdoor Summit (EOS), organized by the European Outdoor Group (EOG) and Outdoor Sports Valley (OSV) – powered by Dometic as a champion sponsor for the first time. EOG and OSV members are offered ...
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ArticleSAC pauses Higg Index consumer-facing transparency program
Following the Norwegian Consumer Agency’s (NCA) official notice to the Sustainable Apparel Coalition (SAC) – regarding Norrøna and H&M and the use of life cycle assessment (LCA) data from the Higg Index to support consumer-facing environmental marketing claims – the SAC has now released a statement addressing the allegations. In ...
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ArticleEuropean Council and Parliament agree on provisional sustainability reporting directive
The European Council and European Parliament have reached a provisional political agreement on the corporate sustainability reporting directive (CSRD) that is now subject to approval by the Permanent Representatives Committee. Amending the 2014 non-financial reporting directive, the corporate sustainability reporting directive introduces more detailed reporting requirements, especially for large companies, ...
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ArticleNew products for Tour de France brand merchandise
Tour de France is introducing a new brand, “Maillot Jaune,” with products for cyclists of all abilities. Italian equipment supplier Santini is supporting the launch with the creation of an initial exclusive collection that celebrates the Tour. New manufacturers will be called on to support the brand in the future. ...
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ArticlePorsche Ventures invests in London-based bicycle insurance provider
Laka, a London-based bicycle insurance provider that announced a $12 million Series A round earlier this year, has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG, bringing the total round to $13.5 million. The Series A funding was initially led by Autotech Ventures, followed by ...
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ArticleAfter successful return of OutDoor by ISPO, EOG continues to plan for new era of trade shows
The European Outdoor Group (EOG) has thanked its members and the wider industry, who supported the return of OutDoor by ISPO this year. The trade show was held in Munich earlier this month for only the second time since EOG members voted to move the show in 2018. The EOG ...
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ArticleZDHC releases its third Impact Report
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation has released its 2021 Impact Report, which, according to the organization, shows positive results for the fashion industry. Based on manufacturing suppliers who tested and reported all their wastewater results on the ZDHC Gateway in October 2021, 98 percent of manufacturing suppliers ...
