All News briefs articles – Page 150
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News briefsGRI kicks off working process on new reporting standard for the textile sector
The Global Reporting Initiative (GRI) has announced a new sector to be added to its existing standards: Textiles and Apparel. The new GRI Textiles and Apparel Standard sets out to apply to any organization with a primary focus on textile and apparel production and manufacturing, but also brands, retailers, and ...
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News briefsUK bike sector faced turbulent year in 2022
The Bicycle Association, the U.K.’s trade association for the bicycle industry, has released the “Annual Market Data Report for 2022: Riding out the Storm,” which provides coverage of the U.K. cycling sector for the calendar year 2022. Sales of mechanical bikes fell 22 percent to an estimated 1.88 million units ...
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News briefsAngling Direct announces CEO and board changes
Andy Torrance, CEO of British fishing tackle and equipment retailer Angling Direct, is stepping down to take on the role of non-executive chairman. The board has appointed Steve Crowe, the current chief financial officer, as his successor. In addition, Martyn Page will relinquish his role as non-executive chairman and will ...
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News briefsSpinnova announces triple revenue in FY 2022, Woodspin factory in operation
In its full-year financial statement, the Finnish biomaterials company Spinnova reports significant growth in its staff as well as the company’s results. Full-year revenues grew to almost €24.3 million for 2022, which is an increase of more than 300 percent year on year. The company completed the construction of its ...
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News briefsLeva Group exclusive distributor for Tern Bicycles in Australia
The manufacturer of Tern Bicycles, Mobility Holdings, has partnered with Leva Pty Ltd. in Australia. The Melbourne-based company will be the exclusive “down-under” distributor for the Tern Bicycles urban e-mobility brand. From March 1, 2023, Australian IBDs can order Tern Bicycles through Leva Group. The Melbourne-based company will also handle ...
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News briefsSimplon shareholders replace CEO and COO
Source: Simplon The new man at the helm: Industry newcomer and CEO Stephan Wabnegger The shareholders of Austrian custom bike builder Simplon Fahrrad GmbH have appointed industry newcomer Stephan Wabnegger to head the company with immediate effect. At the same time, Simplon CEO Stefan Vollbach and COO ...
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News briefsMyClimate initiative for net zero travel on the growth path
With its eco-travel initiative “Cause We Care”, Swiss company MyClimate is offering various climate protection measures to tourists and companies like hotels and destinations. The project aims to minimize CO2 emissions related to travel and outdoor sports like skiing, biking or hiking at the local level, supporting climate protection locally. ...
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News briefsGlobetrotter creates lifecycle manager positions
Starting on March 1, German outdoor retailer Globetrotter is creating two new positions as product lifecycle managers. With their support, the company aims to expand existing initiatives, such as second-hand buying & selling and repair workshops, as well as develop new, innovative projects focused on extending the lifecycle of products. ...
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News briefsNew report questions sponsor choices in winter sports
A new report by Badvertising has sought to draw attention to the sponsorship of winter sporting events by what it calls “high-carbon” companies, alongside documenting the effects of climate change on the winter sports sector. The report writers use the example of Sweden’s Vasaloppet – the world’s biggest and oldest ...
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News briefsVibram partners with longtime collaborator
To bring some new production techniques “in house,” Vibram has signed a deal with Suolificio Negro, a Spanish specialist in soles and midsole-foam manufacturing for the outdoor and ski markets. According to a report in Diffusion Sport, the resulting products will be sold under the Vibram brand. The deal is ...
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News briefsCake and FCA Bank sign pan-European financial partnership
Cake, the Swedish manufacturer of lightweight electric motorcycles, has entered into a financial partnership with Italy-based FCA Bank, which operates across Europe. The bank, with nearly a century of experience in car financing, leasing and mobility, will offer Cake’s customers financial solutions for all of its two-wheeled platforms. “Financing is ...
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News briefsFor better work: JAAF carries out training program for Sri Lanka industry stakeholders
A few months ago, Sri Lanka’s Joint Apparel Association Forum (JAAF) pledged to support the International Labour Organization’s (ILO) Better Work initiative for the country’s garment workers. Now the organization has carried out the first series of training workshops that are part of an ongoing program for the ministry of ...
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News briefsBoost secures six-figure investment
Source: Lavita Boost by LaVita Boost, a British brand specializing in e-bike conversion kits, has announced the completion of a funding round with a six-figure investment raise. Founded by Cambridge design engineer Nick Bailey, Boost is an aftermarket conversion kit brand that works directly with retailers. The ...
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News briefsTrove expands leadership team with appointment of CTO and CFO
Trove, the U.S.-based service provider whose technology powers the resale services of several sporting goods companies, including Canada Goose, Lululemon, Patagonia, REI, Arc’teryx, Allbirds and others, announced that Natalya Davick has been named chief financial officer and Julia Cai has been named chief technology officer. Cai will lead a team ...
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News briefsEurobike 2024 will take place in early July
Even before the start of the upcoming Eurobike 2023 on June 21, the organizers of Fairnamic GmbH have set the date for the 2024 edition of the leading trade show in Frankfurt am Main. The 32nd edition of the show will take place from Wednesday, July 3, to Sunday, July ...
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News briefsCanyon appoints general manager for Asia
Source: Canyon Hideki Mochizuki German DTC bicycle supplier Canyon Bicycles GmbH has announced that Hideki “Mochi-san” Mochizuki, a veteran of the bicycle industry, has joined the company as general manager for the Asia Pacific region. He will join Canyon’s executive leadership team and will be responsible for ...
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News briefsAndrés Iniesta backs the new Guava bike brand
Never Say Never Ventures (NSN), the business incubator co-founded by former FC Barcelona player Andrés Iniesta, is backing the launch of Guava, a new high-end bicycle brand focused on gravel. Guava was founded in Barcelona by David Álvarez and Nacho Suárez, two friends with more than 25 years of experience ...
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News briefsShimano establishes joint venture for Southeast Europe
Shimano Europe has announced a joint venture with Greece-based Nikos Maniatopoulos to handle bicycle components and fishing tackle sales and service in most of Southeast Europe. The joint venture will operate as Shimano South-East Europe. Integration is planned to start on April 1. The joint venture builds on a long-standing ...
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News briefsAngling Direct posts revenue growth, driven by in-store sales
Angling Direct, the British omnichannel fishing tackle and equipment retailer, posted sales of £74.1 million (€84m) for the financial year ended Jan. 31, 2023, representing a 2.2 percent increase from the prior year. Sales were boosted by the opening of new stores in Washington (July), Coventry (August) and Stockton-on-Tees (September). ...
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News briefsVF issues Eurobonds worth €1bn
VF Corp. intends to use proceeds from the proposed offering of two €500 million tranches of notes, which are due in 2026 and 2029 with respective coupon rates of 4.125 percent and 4.25 percent for debt repayment, general corporate purposes and to fund certain sustainable development projects. J.P. Morgan, Morgan ...
