Latest News & Analysis – Page 88
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ArticleSolo Brands updates FY 2023 guidance, announces leadership change
Solo Brands, Inc., the parent company of the Solo Stove, Chubbies, Oru Kayak, Isle and Icy Breeze brands, announced the appointment of Christopher T. Metz as its new President, Chief Executive Officer and Director of the Board, effective Jan. 15, 2024. Metz succeeds John Merris, who will be stepping down ...
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ArticleWolverine Worldwide on FY course, Merrell to grow beyond trail
Wolverine World Wide, Inc. provided an update on its preliminary, unaudited financial results for FY 2023 and its ongoing transformation efforts ahead of its presentation at the 2024 ICR Conference this week. “We’re executing the stabilization phase of our strategic transformation with tremendous pace while redesigning Wolverine Worldwide for the ...
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ArticleOsprey sales strong for Helen of Troy
Osprey sales grew in Great Britain, Germany, and France during Q3, driven by strong travel demand and a “robust product line-up.” Helen of Troy executives said the outdoor brand, which introduced a redesigned Sojourn travel series last fall, continues to exceed its expectations. Meanwhile, the parent continued to see consumer ...
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ArticleStrava Year In Sport Report shows social connections are the biggest motivator
Strava has released its Year In Sport: The Trend Report, highlighting global trends among active people across all generations. It reveals that Generation Z’s behaviors and habits differ from other generations, but they also have different motivators, barriers and interests when it comes to staying active. For the report, Strava ...
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ArticleArc’teryx obtains injunction against Adidas over Vancouver store, alleged risk of confusion
Arc’teryx obtains injunction against Adidas over Vancouver store and alleged risk of confusion
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ArticleCreditors approve Advanced Sports’ restructuring plan
After the German sales company Advanced Sports GmbH (aka Advanced Sports Europe) slipped into self-administered insolvency on April 1, 2023, due to the challenging market and consumer sentiment, it was reported in mid-September that all parties involved in the proceedings (while business operations continued) were confident that the restructuring process ...
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ArticleLaunch of new Interreg project for sustainable outdoor sports
With the Interreg project “AAC – Alpine Awareness Camps,” the Innsbruck-based Verein zur Information über alpine Gefahren (Association for Information on Alpine Dangers), known for its SAAC (Snow & Alpine Awareness Camps) initiative, wants to set new standards for sustainability and digitalization in alpine outdoor sports. From Sept. 1, 2023, ...
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ArticleClarus sells Precision Sport segment
Salt Lake City-based Clarus Corp., the parent company of the outdoor and overlanding brands Black Diamond, Rhino-Rack, Maxtrax and Tred Outdoors, announced on Dec. 29, 2023, that it has entered into a definitive purchase and sale agreement to sell its Precision Sport segment, which consists of the company’s Sierra Bullets ...
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ArticleCOP28: Outdoor industry puts reconnecting with nature and physical activity on agenda
Read here how COP 28 went for representatives from the sporting goods and outdoor industry.
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ArticleSuccessful reorganization and realignment of Pierer subsidiary Syntace
Syntace GmbH, the umbrella company for the Syntace brand, a manufacturer of high-quality bicycle components, and Liteville, a manufacturer of high-end bikes, primarily in the mountain bike segment, has successfully completed a comprehensive restructuring since Pierer Industrie AG (PIAG) took over the majority rights in 2022. The ...
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ArticleDevold commits to SBTi
The Norwegian brand Devold has recently committed to setting its climate targets in line with the Science Based Targets Initiative (SBTi). This important commitment is the result of an internal decision to halve the company’s greenhouse gas emissions by 2030 and reduce them to zero by 2050. The SBTi supports ...
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ArticleEMPOCA: Connecting Black youth with nature and creating future leaders
After meeting Anthony Owosekun at the European Outdoor Summit 2023 (EOS) in Berlin, where he presented the non-profit organization he founded, it is a heartfelt matter for us to introduce him and his NGO to our readers who could not attend EOS last fall. Source: Jasmin Valcarcel / ...
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ArticleWorldly launches next generation of environmental impact assessments, Higg FEM 4.0
Worldly, in partnership with Sustainable Apparel Coalition (SAC), has announced the launch of Higg Facility Environmental Module 4.0 (Higg FEM 4.0). To help companies address pressing climate issues and meet growing regulatory requirements, the environmental assessment is now aligned with global carbon frameworks. The new version features numerous design enhancements ...
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ArticleEOG members vote to join Race To Zero
Participation in a Race To Zero initiative by the end of 2024 will become a mandatory requirement for membership of the European Outdoor Group (EOG). In a process open to all members of EOG, 88 percent of those voting voted in favor of the proposals recommended by the EOG Board ...
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ArticleDevold works with software company Celsia to facilitate sustainability reporting
Due to the Corporate Sustainability Reportive Directive (CSRD), a new European directive on sustainability reporting, the outdoor wool clothing brand Devold of Norway started a collaboration with the Norwegian software company Celsia in early December to simplify its sustainability reporting and thus ensure the competitiveness of small and medium-sized companies. ...
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ArticleBuff intensifies sustainability commitment
Spanish company Buff, which celebrated its official entry into the B-Corp community in 2023, has made significant progress on its journey towards sustainability, which the company prioritizes in all its decisions. In the B Corp certification, Buff managed to achieve a score of 105.7, which is well above industry standards. ...
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ArticleKSR Group’s future is secured
Following the decision of the Krims District Court to lift the external administrative proceedings at the insolvent Austrian two-wheeler giant KSR Group GmbH, the path for a fresh start is now clear. The creditors’ meeting had previously approved the restructuring measures by a large majority. On Dec. 20, the restructuring ...
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ArticleEOCA grants funding to four new conservation projects
At the end of a selection process lasting almost six months, the European Outdoor Conservation Association (EOCA) has announced that €180,000 has been allocated to four new conservation projects in four different countries. In the fall funding round, non-profit organizations were able to apply to EOCA for funding of up ...
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ArticleEquip denies rumors about a possible sale of Rab
An announcement in late November that Matt Gowar was stepping down as CEO of Equip Outdoor Technologies UK Ltd has apparently caused some confusion in the media world. At the end of last week, rumors emerged in renowned media that the Rab brand was to be sold. Equip responded already ...
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ArticleChinese investment company buys Haglöfs
After the rumors were already in full swing at ISPO Munich in November, it has now been confirmed that the Swedish outdoor brand Haglöfs has a new owner: Hong Kong-based venture capital firm LionRock Capital acquired the brand from Japanese sports manufacturer Asics on Dec. 18, 2023. ”Throughout our ...
