News Briefs – Page 13
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News briefsAluula announces short-term loan
Canadian materials technology company Aluula Composites Inc. has announced that its wholly owned subsidiary Aluula Composites Canada Inc. has obtained a $1,000,000 term loan from a non-contracting party. The loan bears interest at 12 percent per annum and is due and payable on July 1, 2024. The company intends to ...
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News briefsBergfreunde takeover finalized
As previously reported, the French sporting goods manufacturer and retailer Decathlon S.E. signed a purchase agreement in late November with the US outdoor retailer Backcountry to acquire the German mountain sports, climbing and outdoor e-commerce retailer Bergfreunde GmbH. It has now been officially announced that the transaction was completed and ...
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News briefsIWA OutdoorClassics to celebrate 50th anniversary
The upcoming edition of IWA OutdoorClassics, the event for the hunting and target sports industry, will celebrate the 50th edition of the show. The show, restricted to trade visitors, will take place at the Nuremberg Exhibition Centre from Feb. 29 to March 3. To mark the important anniversary, the organizers ...
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News briefsEmilio Zamberlan has passed away
Emilio Zamberlan has passed away at the age of 80. His father, Giuseppe, was the founder of the Italian footwear company Calzaturificio Zamberlan, which specializes in handmade outdoor and hunting footwear, in 1929. The company is now led by the third generation with Marco and Maria. Emilio Zamberlan projected Calzaturificio ...
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News briefsForward Outdoor Apparel adds McWilliam and Ducruet to management team
Forward Outdoor Apparel, a Verbier-based outerwear brand for skiers, snowboarders, bikers and hikers that is part of Global Development Co., has appointed a new management team to lead the launch of its next apparel line for FW24/25. Tony McWilliam was appointed Global Brand Director. As the founder of Faction ...
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News briefsThule’s SVP Corporate Communications is leaving the company
Fredrik Erlandsson has informed the Swedish Thule Group that he will be leaving his position as Senior Vice President Corporate Communications and Investor Relations to take over responsibility for corporate communications and investor relations at the Swedish energy technology company NIBE Industrier and become part of the Group’s Executive Board. ...
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News briefsSport Achat Hiver to be held end of January, FOA 2024
The French trade show Sport Achat Hiver will take place this year from January 29 to 31 at the Alpexpo in Grenoble. The event will welcome over 4,000 professionals from the outdoor industry to the 20,000 sqm exhibition center. If you would like to attend Sport Achat ...
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News briefsUSWE enters liquidity guarantee agreement with Pareto Securities
USWE Sports AB, the Swedish parent company of USWE, Void Cycling and Giant Loop, has entered into a liquidity guarantee agreement with Oslo-based Pareto Securities AB. Pareto Securities will assume the function of liquidity provider on Jan. 2, 2024. The obligation takes place within the framework of Nasdaq First North ...
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News briefsInfinited Fiber starts cooperation negotiations with employees
Finland-based textile technology specialist Infinited Fiber said it started cooperation negotiations at the end of December concerning the personnel of the parent company Infinited Fiber Company Oy and its subsidiary Infinited Fiber Kemi Oy. The aim of the talks is to find solutions to adapt the company’s cost structure and ...
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News briefsRapala divests injection molding business
Finnish fishing tackle manufacturer Rapala VMC Corporation has sold its entire injection molding business to Muottituote Group Oy, a Finnish manufacturer of molds and injection molded parts, in an agreement signed on Dec. 22, 2023. With the transaction, Muottituote acquired the real estate of Rapala VMC’s subsidiary KL-Teho Oy in ...
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News briefsLawton takes over as CFO of Thule Group
Source: Thule Toby Lawton As already announced in July 2023, Toby Lawton took over the role of CFO of the Swedish Thule Group with the start of 2024. He succeeds Jonas Lindqvist. Lawton was most recently CFO at the Swedish textile recycling company Renewcell. At Renewcell, former ...
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News briefsBleed enters insolvency
Despite intensive efforts, Bleed has not been able to find a solution for its continuation to date, the company announced in a newsletter issued shortly after Christmas. As a result, the sustainable outdoor brand from southern Germany will be insolvent from January 2024. Since the team around owner Michael Spitzbarth ...
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News briefsGreen Week: Deuter donates €7,000 to Patron Plasticfree Peaks
Instead of promoting consumption through discounts, Deuter has once again made a sustainability statement this year during Green Week. The German company has donated 10 percent of its online sales from Nov. 20-26, 2023, to the non-profit organization Patron Plasticfree Peaks, which campaigns for a clean environment, raising a total ...
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News briefsMillet opens new concept store in the heart of Paris
French brand Millet has inaugurated a new store in Paris. The “Millet Camp De Base” (French for base camp), a new retail concept dedicated to the greatest names in mountaineering, is located at 10 rue du Vieux Colombier in the elegant 6th arrondissement. The 260-sqm store celebrates Reinhold Messner, Walter ...
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News briefsManagement transition at Dale of Norway and Woolland
After a record year for Dale of Norway, Anette Juel Knudtzon is leaving the company after 6 years as CEO of Woolland AS as well as 4 years as CEO of Dale. On Feb. 1, she will take over as CEO of IsaNor Invest. According to Norsk Sportsbransjeforening, Dale of ...
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News briefs66°North opens US headquarters, announces executive appointments
66°North, an Iceland-based sustainable outerwear brand, is opening a US headquarters in New York City as part of its global expansion plans. Justin Warren has been named Sales Director for North America, where he will also establish the New York office and oversee the launch of wholesale in the US ...
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News briefsRenewcell secures €9m capital injection for short-term liquidity
Swedish textile-to-textile recycling company Renewcell has entered into two short-term loans with its main shareholders, H&M Fashion AB and Girincubator AB, and – through waivers and amendments to the company’s existing financial agreements – with its existing lenders BNP Paribas, European Investment Bank (EIB), Nordea Bank Abp and AB Svensk ...
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News briefsRapala buys remaining shares in DQC International, takes over 13 Fishing
Rapala VMC has acquired James Coble’s remaining 40 percent stake in DQC International, the owner of the 13 Fishing rod and reel brand. The Finnish company, which has been distributing 13 Fishing rods and reels outside the US for almost four years, had increased its stake in DQC to 60 ...
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News briefsHanwag appoints Senior Sales Manager for Germany
The hiking and mountaineering boot manufacturer Hanwag, part of Fenix Outdoor AB, is expanding its sales team in Germany.
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News briefsCoDi receives $75.2m equity investment
Compass Diversified (CoDi), the Connecticut-based owner PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, completed a $75.2 million private placement offering of approximately 3.6 million of its common shares to an Allspring Global Investments mutual fund for $21.18 per share. “We are thrilled to receive this substantial investment from Allspring,” commented ...
