Latest News & Analysis – Page 134
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ArticleGreen awareness provides greater tailwind for bike stocks in 2021
2021 had it all: on the one hand, more lockdowns, virus variants, inflation, zero or negative interest rates, supply bottlenecks, political crises, trade and other wars, etc. On the other hand, 2021 experienced a world stock market that trudged steadily upward. This also gave our 2021 cycling stock some major ...
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ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
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ArticleSchwan-Stabilo acquires stake in footwear start-up Doghammer
The German Schwan-Stabilo group has taken a minority stake in Doghammer, a young outdoor footwear brand. The agreement was signed shortly before the end of 2021. Further details of the transaction were not disclosed. Doghammer was established in 2015 by Matthias Drexlmaier and Maximilian Hundhammer in Rosenheim in Bavaria. Since ...
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ArticlePierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
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ArticleMacNeill Pride Group rebrands as Gathr Outdoors
After acquiring several outdoor brands over the past two years, U.S.-based MacNeill Pride Group (MPG) quickly began to crystallize a growing commitment to outdoor sports and related activities. In addition to the acquisitions of the Orca, GCI Outdoor, Klymit and Rightline Gear brands, the appointment of CEO Keith Bornholtz and ...
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ArticleU.S. retail and experience brand Evo acquires snowsports retail and rental chain Rhythm Japan
Rhythm Japan, a Japanese snowsports retail group established in Niseko in 2005 by two Australian snowsports professionals, has been 100 percent acquired by Seattle-based outdoor retail and experience brand Evo. Evo operates 9 stores in the U.S. and Canada, two All Together skateparks, as well as lodging and travel businesses, ...
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ArticleFormer Nike executive to become TNF’s new global brand president
VF Corp. has named Nicole Otto global brand president of its Denver, Colorado-based outdoor brand The North Face (TNF). Otto will succeed Steve Murray, who will be retiring. Murray had been promoted from president of Americas to global brand president of TNF in October 2020 as part of management structure ...
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ArticleAmer Sports divests Suunto
Amer Sports revealed it has reached an agreement with Chinese technology company Liesheng to sell its Finnish brand Suunto, a manufacturer of sports watches, dive computers and precision instruments. Amer said the sale was in line with its strategy to focus on developing internationally recognized sporting goods brands in the ...
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ArticleAlibaba tops Greenpeace’s environmental ranking among China’s e-com platforms
Greenpeace East Asia has ranked China’s largest e-commerce platforms based on their commitment to combating climate change, actions already taken, level of disclosure and steps taken to manage the marketplaces responsibly and sustainably. According to the climate activist group, Hangzhou-based e-commerce platform Alibaba, which last December pledged to become carbon ...
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ArticleHelen of Troy raises outlook after Osprey acquisition, strong Q3 showing
Helen of Troy, the El Paso, Texas-based consumer goods company that owns outdoor drinkware brand Hydro Flask and Oxo and recently closed a deal to acquire backpack manufacturer Osprey Packs, raised its guidance for the full fiscal year to take into account that acquisition and after posting better-than-expected results in ...
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ArticleSport 2000 parent ANWR Group exits as shareholder of Bico
At the end of 2021, German bicycle purchasing group Bico Zweirad Marketing GmbH took over the 25.1 percent stake held by ANWR Group e.G. by mutual agreement. As a result, the ANWR Group – a community of independent retailers that is, among other things, the 100-percent parent company of the ...
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ArticleVista Outdoor ends 2021 with yet another acquisition
Minnesota-based Vista Outdoor has made its sixth acquisition in the current year with the takeover of Stone Glacier, a Bozeman, Montana-based brand founded in 2012 by Kurt Racicot that focuses on ultra-lightweight, high-performance hunting gear for backcountry use. The addition of Stone Glacier to Vista Outdoor’s portfolio of outdoor products ...
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ArticleGrandson of Millet founder to buy Millet Mountain Group from Calida
In an announcement on Dec. 24, Calida Group said it has received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, to sell Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Jean-Pierre Millet is an investor and grandson of the founder of the Millet brand. ...
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ArticleOpen Air Group acquires Aclima
Sweden’s Open Air Group (OAG) has announced the acquisition of Norway’s Aclima, a manufacturer of merino wool clothing “made in Europe.” Aclima is a third-generation family business specializing in merino wool workwear and outdoor clothing. The acquisition of Aclima is the first in the outdoor segment for OAG and also ...
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ArticleEOCA members make record funding possible in 2021
The European Outdoor Conservation Association (EOCA) has reported that it was able to fund more projects in 2021 than ever before, thanks to the continued support of its members and exceptional fundraising efforts conducted in 2020 and 2021. In total, nearly €400,000 was allocated to 14 projects in 11 different ...
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ArticleTourism-related sporting goods retailers in Austria see winter season at risk
In the 2020/2021 winter season, tourism-related sporting goods retailers in Austria recorded sales losses of up to 95 percent. A study by SpEA (SportsEconAustria) commissioned by the Federal Committee for Trade in Fashion and Leisure Articles in the Austrian Federal Economic Chamber (WKÖ) now shows that what was already feared ...
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ArticleGlove specialist Hestra publishes first sustainability report
Source: Hestra Swedish glove specialist Hestra has written its first sustainability report. In 36 pages published on its website in a few days, the company provides an overview of its performance and plans for the fiscal year ending April 2021. In 2020/21, Hestra undertook a project to ...
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ArticleExcellent financial year enables Accell to repay government Covid credit facility
Based on its sales and profit growth in 2021, Netherlands-based Accell Group N.V. will fully repay its “Go-C” facility issued during the Covid-19 pandemic before the end of the year. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal to full-year availability. ...
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ArticleJohnson Outdoors Q4 sales rise slightly over “unprecedented” 2020
Johnson Outdoors saw sales inch up slightly in the fourth quarter of its financial year, as demand for fishing, camping and water recreation products remained strong following “unprecedented” growth in the year-earlier and diving continued a recovery underway since the third quarter. Total company sales in the three months ended ...
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ArticleFashion for Good launches new polyester recycling research project
Innovation platform Fashion for Good, based in Amsterdam, has launched the Full Circle Textiles Project – Polyester with the ambition to validate and scale promising technologies in polyester chemical recycling and to encourage financing and offtake commitments in the apparel industry. The project aims to bring together a consortium of ...
