Latest News & Analysis – Page 155
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ArticlePolygiene records best quarterly sales ever
Polygiene said that the fourth quarter was the best in its history, with sales rising by 40.0 percent from the year-ago quarter to a record 26.6 million Swedish kronor (€2.7m-$3.2m). Revenue growth was largely due to the success of Polygiene’s ViralOff in the context of the Covid-19 pandemic, as this ...
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ArticleAmpler Bikes continues to expand after doubling sales in 2020
After doubling its sales last year, young B2C e-bike company Ampler Bikes is looking to simultaneously expand into other national markets this year while maintaining a high growth rate in Germany (currently the company’s most important market). For 2021, the Estonians have their sights set on Switzerland and the Netherlands. ...
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ArticleSRAM buys Time Sport’s pedal business from Rossignol Group
After having already announced that it had sold the carbon frame and fork production, including the RTM Composite factory of its subsidiary Time Sport International to the French-American investment and management group Cardinal Cycling Group, the French Groupe Rossignol is now also parting with the Time pedal division. The buyer ...
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ArticleNew Zealand Merino launches 100% regenerative wool platform with Icebreaker, Allbirds and Smartwool
The New Zealand Merino Company (NZM) and global Merino wool apparel and footwear brands Icebreaker, Smartwool and Allbirds will work collectively with 167 sheep growers in New Zealand to create ZQRX, the world’s first regenerative wool platform. “ZQRX is an important and necessary evolution of our ethical wool program, ZQ,” ...
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ArticleVolkswagen enters bicycle leasing and financing business
On February 18, Volkswagen Financial Services, a wholly-owned subsidiary of German automaker Volkswagen (VW), announced an expansion of its broad range of mobility services to include leasing and financing of bicycles and e-bikes. The new business will be generated through VW Volkswagen Financial Services’ investment in Digital Mobility Leasing (26 ...
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ArticleMoncler's annual sales down 12% despite good 4th quarter
Moncler returned to growth in the fourth quarter, growing by 8 percent to €675.3 million, led by Asia and the Americas. On a constant-currency basis, they improved by 7 percent. The company benefited from the strong expansion of the Chinese market, growth in Korea and Japan, plus a robust e-commerce ...
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ArticleNiche e-bike brand Nox Cycles launches crowdfunding campaign
German-Austrian bike brand Nox Cycles, which set its course towards e-bikes in 2015 and founded Nox Cycles Austria GmbH based in Zillertal two years later, is currently attracting attention. Last year saw the launch of the construction of “Fort Nox”, a state-of-the-art, sustainable and resource-saving administration and production building with ...
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ArticleBike helmet brand Catlike acquired by Polisport
Portugal’s Polisport Group, a global leader in children’s bicycle seats, specializing in the bicycle and off-road motorcycle accessories product world with a total of seven companies and nine brands, has acquired Spanish bicycle helmet and accessories brand Catlike. With Catlike, Polisport aims to strengthen its portfolio with another brand in ...
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ArticleJoin the #itsgreatoutthere Outdoor Activity Days kick-off event on Feb. 24
All of our readers are invited to attend the Outdoor Activity Days kick-off event on Zoom next week hosted by the It’s Great Out There Coalition. The It’s Great Out There Coalition, founded in 2017 by the European Outdoor Group (EOG) and still strongly supported by the association, has grown ...
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ArticleGarmin’s outdoor and fitness sales surge
Robust demand for advanced wearables and cycling products helped Garmin post record results for the fourth quarter of 2020. The company headquartered in Schaffhausen, Switzerland, with operational headquarters in Olathe, Kansas, which also makes equipment for the aviation and automotive industries, reported that its total sales rose by 23 percent ...
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ArticleApex Global Brands to be sold to Galaxy Universal
Caifornia-based Apex Global Brands Inc., a global brand management and licensing organization previously called Cherokee Global Brands and the parent company of the Hi-Tec, Magnum and Tony Hawk brands, amongst others, confirmed that it has entered into a merger agreement with Galaxy Universal LLC, a Colorado-based project management and investment ...
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Article3M will invest US$1 billion in environmental goals
U.S. multinational conglomerate 3M is planning to invest about US$1 billion over the next 20 years to meet its new environmental goals. These include carbon neutrality by 2050, reducing water use by 25 percent at its plants and returning higher-quality water to the environment after use in manufacturing. The company’s ...
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ArticleUpdate on EOG's 2021 Annual Assembly
The European Outdoor Group (EOG) held its annual meeting on Jan. 29. For the first time, the meeting was held digitally on Zoom but included all of the business the association typically covers at this event. Each EOG division provided an overview of its 2020 activities and an outline of ...
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ArticleEOG research results illustrate impact of Covid-19 and future opportunities
The European Outdoor Group (EOG) has provided an update to its market research program with recent findings from both the sell-in and sell-through projects. The State of Trade (SoT) measures sell-in wholesale trends in the outdoor industry and the Outdoor Retail Benchmark Report measures sell-through retail trends in the industry, ...
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ArticleWinners of the French Outdoor Awards Winter 2021
A jury of experts appointed by the French trade association Outdoor Sports Valley (OSV) has selected the three winners of this winter’s French Outdoor Awards in the categories of Innovation, Sustainability and Start-up. The winners were announced at a virtual OSV awards ceremony on Feb. 9 in the French winter ...
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ArticleGroup of investors takes over insolvent Sachsenring Bike Manufaktur
On Feb. 12, the responsible insolvency administrator, Dr. Philipp Hackländer of law firm White & Case Partner, sold Sachsenring Bike Manufaktur GmbH to an unnamed group of investors. The new company founded by the group, Zweirad Union E-Mobility GmbH & Produktion Co. KG, based in Sangerhausen, has taken over 75 ...
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ArticleScarpa introduces Green Manifesto
Scarpa has announced the Green Manifesto, a comprehensive strategy that summarizes the company’s pledge and initiatives for sustainability. The spirit of the manifesto revolves around five principles that start with the letters that compose the name of the company: S for sustainability; C for care; A for air; R ...
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ArticleRecord result for Craft's parent company
Efforts to prioritize costs, earnings and cash flow bore fruits in the fourth quarter of 2020, helping the New Wave Group to score record operating profits. Despite restrictions linked to the pandemic and canceled or postponed events, the Swedish company behind Craft and Cutter & Buck saw its operating results ...
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ArticleHaglöfs reports stable sales in 2020
Despite the prevailing pandemic and turbulent market conditions, Swedish outdoor brand Haglöfs reported that it managed to deliver net sales for 2020 in line with last year’s strong performance. The company did not provide any figures. According to CEO Fredrik Ohlsson, the ability to mitigate the crisis is mainly due ...
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ArticleVertical Pro trade show secures second important partner
The umbrella organization for aerial adventure parks and high ropes courses, IAPA (International Adventure Park Association), is the second conceptual partner of Vertical Pro, the new annual trade show organized by Messe Friedrichshafen, alongside the German Alpine Association (DAV) and its well-established Halls & Walls event. Source: IAPA ...
