News Briefs – Page 10
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News briefsRed Chili brand without Hofstädter and Glowacz
With the start of the new year, Edelrid has taken over all responsibilities for the climbing equipment brand Red Chili from Stefan Glowacz and Uwe Hofstädter. The company was founded by the two German climbers in 1996 and is part of the Edelrid group since 2017 (as reported in OIC). ...
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News briefsAmer Sports pioneers with Sourcemap’s new traceability software
SaaS-provider Sourcemap has announced that Amer Sports, the parent company of Arc’teryx, Salomon and Wilson, among others, will be the first customer to utilize the software for products made with cotton and viscose. After the U.S., legislation like the Uyghur Forced Labor Prevention Act (UFLPA) forced importers to irrefutably prove ...
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News briefsVista creates action sports division under outdoor umbrella, led by Fox Racing president
According to Shop Eat Surf, Jeff McGuane, president of Fox Racing, has been promoted at Vista Outdoor to lead a restructured Action Sports division, which includes Fox Racing, Bell, Giro, Blackburn, Krash, Copilot and Raskullz. Vista Outdoor acquired Fox Racing in August 2022. According to the same media source, McGuane’s ...
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News briefsAlpkit raises £1.5 million in funding
Alpkit, the British outdoor and cycling brand and retailer, has secured £1.5m (€1.7m) from the Midlands Engine Investment Fund (MEIF). The new funding will help it strengthen seasonal inventory acquisition and product development in the footwear and e-bike lines. It will also enable the company to take over its bike ...
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News briefsStrava acquires the FATMAP outdoor adventure platform
Strava, the subscription platform for connected fitness, has announced the acquisition of FATMAP, a mobile app for discovering, planning and sharing outdoor adventures. Following the acquisition, FATMAP’s global proprietary 3D mapping technology will be enabled in all of Strava’s services, and Strava subscribers will have access to the full FATMAP ...
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News briefsNorrøna acquires travel specialist and expands into international tourism
After acquiring the local tourism operator Hvitserk of Norway in 2020, Norrøna has now also acquired the global adventure tourism company Hvitserk & Eventyrreiser AS, which was founded in the 1970s. Hvitserk & Eventyrreiser offers trips to 50 countries all over the globe. Following the transaction, the company, now operating ...
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News briefsNewell Brands sets restructuring plan, 13% of workforce lose jobs
Newell Brands, the consumer goods company that features Marmot, Coleman, Campingaz and Contigo in its portfolio of brands, is consolidating its five operating segments into three and eliminating approximately 13 percent of its office workforce headcount this year. The total cost of the actions is pegged at $100 to $130 ...
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News briefsE-com start-up Velio offers refurbished bikes and e-bikes, expands into Austria
In its online shop for refurbished bikes and e-bikes, German start-up Velio wants to offer a higher quality alternative to private used gear marketplaces. Velio sells secondhand bikes and e-bikes that are overhauled at the company’s workshop in Cologne. All bikes come with a 12-month guarantee and can also be ...
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News briefsPolygiene Group acquires former distributor Biomaster US
As part of its U.S. expansion strategy, the Swedish Polygiene Group has acquired Biomaster US LLC, former distributor and customer of its subsidiary Addmaster Ltd. This acquisition gives the company a foothold in the U.S. and Central and South America, while BioMaster US CEO Charlie Matthews becomes part of the ...
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News briefsAcai Outdoorwear secures £3 million investment
Womenswear brand Acai Outdoorwear has secured a £3 million (€3.4 million) investment from Growth Partner, a consumer-focused investment firm that is backed by HomeServe founder and chief executive Richard Harpin. Acai’s investors since October 2019, DSW Ventures, will be exiting as part of the deal. In addition, James Worrall, investment ...
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News briefsEcovative acquires Netherlands-based Lambert Spawn Europa
New York-based mycelium technology company Ecovative has acquired Lambert Spawn Europa B.V., a mushroom spawn production facility in the Netherlands, from a subsidiary of Pennsylvania-based Lambert Spawn Co. Ecovative works with partners throughout the textiles, food and packaging industries. The acquisition allows Ecovative to integrate a major source of ...
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News briefsSpecialized gets rid of 8 percent of its global workforce
Specialized CEO Scott Maguire officially announced on Jan. 11 that the company has laid off 8 percent of its employees worldwide. According to the U.S. bicycle company, the downsizing of the team is rooted in the global economy, which is changing faster than anticipated, and in rapid changes within cycling. ...
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News briefsJebsen Group invests in Woom
Hong Kong-based Jebsen Group has invested in Austrian children’s bicycle supplier Woom. The Jebsen Group shares acquisition is via the family-run trading and logistics company’s investment arm, Jebsen Capital. While no information was given on the exact amount of the Woom minority stake Jebsen now holds, it was noted that ...
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News briefsCompanies of insolvent Prophete Group up for sale
Following the filing for insolvency in late 2022, the appointed preliminary insolvency administrator Manuel Sack of law firm Brinkmann & Partner (B&P) has initiated “a structured international investor process with the approval of the preliminary creditors’ committee” for the Prophete Group. This means that the operational business activities of the ...
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News briefsDidriksons expands into business outerwear
Source: Didriksons Still a jacket, but clearly fashion: The Alvina w’s coat for SS2023 The Swedish brand Didriksons enters the business fashion market with a new range of women’s business-focused jackets and coats. The collection is centered around a classic trench coat and will be available end ...
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News briefsRenewcell begins shipping from new plant in Sundsvall
Swedish textile recycler Renewcell has announced that it has shipped its first batch of dissolving pulp produced at its new factory in Sundsvall, Sweden, to a customer. The new facility, which started up in November, adds to the other Renewcell plant in Kristinehamn, west of Stockholm. Also in November of ...
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News briefsVF announces new appointments to TNF leadership team and more
Source: VF Mariano Alonso VF Corporation has announced new appointments to its leadership team in the EMEA region, including for The North Face (TNF), effective Jan. 31. Mariano Alonso — current general manager of Timberland EMEA — will be the new general manager of TNF EMEA. The ...
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News briefsHeiQ becomes major supplier of regulatory compliant copper and silver for industrial hygiene applications
Switzerland-based HeiQ Materials AG, a wholly owned subsidiary of HeiQ Plc, has signed an agreement to acquire all the shares of U.K.-based Tarn-Pure Holdings Ltd. Tarn-Pure holds key EU and U.K. registrations for the sale of metallic copper and metallic silver for use in hygiene applications. The Covid-19 pandemic triggered ...
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News briefsPatagonia announces christmas period closures and paid holidays for staff
Patagonia CEO Ryan Gellert announced on LinkedIn that all Patagonia stores, warehouses and offices in the U.S. and Canada would be closed from Dec. 25, 2022, through to Jan. 1, 2023, with staff given paid time off because ”we believe in providing quality of life for our people.” The brand ...
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News briefsLenzing adjusts earnings forecast for 2022
The Lenzing Group is adjusting its earnings forecast for the 2022 financial year due to one-time effects related to the accelerated savings program (set up in the third quarter due to the deteriorated market environment and the earnings development) and currency effects and a further deterioration of the market environment. ...
