Latest News & Analysis – Page 9
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ArticleBelgian-German partnership for large-scale production of thermoplastic carbon bicycle frames
The young Belgian carbon frame expert REIN4CED N.V. has announced a closer strategic partnership with the German mechanical and plant engineering expert Dieffenbacher GmbH Maschinen- und Anlagenbau to accelerate the large-scale production of thermoplastic carbon bicycle frames. The partnership aims to deepen the integration of product and machinery development. This ...
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ArticleAccell Group relocates production and cuts jobs
After announcing the relocation of the production of the German Accell brand Ghost in Waldsassen to the Accell production sites Accell Hunland Kft. in Hungary and Accell Bisiklet Sanayi ve Ticaret A.S. in Turkey late last year, the Accell Group is now planning further measures to streamline the operating model ...
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ArticleBrose E-Bike with two new service partners in five markets
Brose Antriebstechnik GmbH & Co. KG, which now has its e-bike systems used by over 30 bicycle manufacturers worldwide, is expanding its global service network step by step. The Berlin-based company is announcing two new partners at the start of 2024, who will now also ensure the smooth handling of ...
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ArticleStrong Asia-Pacific sales bolster Canada Goose in Q3
Increased demand for luxury goods in China contributed to a reported 62 percent increase in Asia-Pacific sales at Canada Goose to C$270.7 million (€186.3m) for the third quarter ended Dec. 31. All other geographies posted double-digit declines in sales, including a 26 percent decline in the EMEA to C$86.8 million ...
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ArticleColumbia sees ‘challenging’ year, sets profit and growth plan
With a warm winter and a difficult US marketplace to contend with in its seasonally strong final quarter of the year, Columbia Sportswear reported a 27 percent drop in operating income to $113.1 million from $155.4 million and a 9 percent decline in total revenues to $1.06 billion from $1.17 ...
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ArticleUnifi announces profitability improvement plan, executive promotions
Unifi, a Greensboro, North Carolina-based manufacturer of recycled and synthetic yarns, including Repreve, announced that it has begun implementing a new Profitability Improvement Plan focused on further reducing the company’s costs, streamlining operations and investing in innovation. Unifi’s Profitability Improvement Plan includes a cost reserve and workforce reduction that is ...
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ArticleDometic posts improved profitability, lower Q4 sales
In a seasonally weak quarter where most retail customers worked to get their inventory levels in line, Dometic reported an 89 percent increase in net income to 51 Swedish kroner (€4.5m) despite a 13.7 percent drop in revenues to SEK 5,327 million (€471.7m). The Q4 operating profit dipped 1.5 percent ...
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ArticleYeti acquires Mystery Ranch
Texas-based outdoor company Yeti Holdings, Inc., maker of coolers, hydration solutions and bags, has signed an agreement to acquire Montana-based backpack specialist Mystery Ranch. “[Mystery Ranch’s] ethos, passion and people not only align with the Yeti team, but also connect well with our commitment to innovation and our customers,” commented ...
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ArticleExhibitor numbers at Texworld Evolution Paris exceed pre-Covid figures
Texworld Evolution Paris will take place at Porte de Versailles in the French capital city on Feb. 5-7, and this first edition of 2024 has been announced as a record edition. With 1,260 exhibitors expected to showcase, of which 500 are from China alone, the upcoming event will surpass the ...
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ArticleSBTi gains charitable status in UK, doubles corporate climate validations and ramps up pace
The number of companies and financial institutions setting greenhouse gas reduction targets and having them validated by the Science Based Targets Initiative (SBTi) has doubled to 4,204 in 2023 (2022: 2,079). This extraordinary demand for corporate decarbonization standards and target validation services has prompted a major scale-up effort to rapidly ...
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ArticleTernua Group has optimized, will now consolidate
Ternua Group has ended 2023 with a 10 percent increase in sales, from €31.5 million to €34.7 million, or just shy of its projected €35 million, according to Modaes. “We began the year with good prospects in terms of both replenishments and direct activity,” explained CEO Jokin Umerez. He said ...
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ArticleTravis Campbell: The Future of travel and how Eagle Creek plans to benefit from it
What has changed at Eagle Creek since Campbell’s 2021 takeover, how much has the company grown, and what are the challenges ahead?
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ArticleCautious mood at Pierer Mobility despite record revenue and unit sales in 2023
After Austrian two-wheeler giant Pierer Mobility AG presented its first preliminary business figures for 2023 earlier this month, the company announced additional details on Jan. 29. The public company achieved both a record turnover of €2.661 billion (+9%) and record sales (381,555 motorcycles = +2% and 157,358 bicycles including e-bikes ...
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ArticleExploring the financial benefits of textile-to-textile recycling
Delving into the EU’s textile waste dilemma, we lay out exactly how your brand can help and how textile recycling will pay off financially too.
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ArticlePatagonia’s Re:Thinking: How circular is one of the most ambitious outdoor brands?
Often held up as one of the best examples of sustainable business in the outdoor industry, we look at how Patagonia is incorporating circularity.
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ArticlePatagonia Worn Wear Snow Tour back on the road in Europe in 2024
Patagonia’s Worn Wear Snow Tour is back this winter to tour the wintry landscapes of Europe. From France to the UK, from Italy to Austria and Germany, the rolling workshop is back to repair outdoor clothing of all brands free of charge, extending the life of your beloved gear. They ...
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ArticleREI reduces workforce
In a memo to affected REI Co-op employees, CEO Eric Artz announced that the US outdoor retailer will have to cut 357 jobs. This affects 200 employees at headquarters, 6 in S&CS, 30 in Experiences and 121 in distribution centers. “The coming days are going to be tough as we ...
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ArticleOrganoTex signs retail agreement with Burdock Outdoor Group
The Swedish public green-tech company OrganoClick and the Swedish retail chain Burdock Outdoor Group have signed a cooperation agreement to introduce the OrganoTex range of waterproofing products for outdoor clothing and footwear to Burdock Outdoor’s store network. Source: OrganoClick OrganoTex Wash-In-Waterproofing Burdock Outdoor Group operates 170 hunting ...
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ArticleGiant Manufacturing shifts up in Global 100 Index 2024
This year, more sustainable companies from the Asia-Pacific region are listed in the ranking of the Global 100 Index by Corporate Knights than ever before. Also included is Taiwan’s leading bicycle producer Giant Manufacturing.
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ArticleMore companies join Spiber’s Biosphere Circulation project
Spiber Inc. announced and welcomed new partnerships with DyStar, Kering’s Material Innovation Lab (MIL), Eileen Fisher Inc. and Johnstons of Elgin at the Biofabricate materials conference in Paris on Jan. 12-14. The companies joined Spiber’s Biosphere Circulation project, which presents a pioneering methodology for regenerating biobased and biodegradable textile and ...
