News Briefs – Page 15
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News briefs
Michael Casey becomes interim CEO at Kathmandu
Reuben Casey, who over the last 12-plus years has served the company in a variety of senior executive roles, among them CFO and COO, is resigning from New Zealand’s KMD Brands Ltd. Michael Casey will be serving as interim Kathmandu CEO while the group considers options for Reuben Casey’s replacement. ...
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News briefs
AMSilk kicks off setup phase for industrial production
AMSilk, a Munich-based supplier of bio-based silk materials, has announced plans to increase production capacity by several thousand tons per year and expand its production network outside Europe. In the sports industry, the company’s “Biosteel” vegan biopolymers have premiered in the upper of an Adidas running shoe. AMSilk is also ...
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News briefsevo to build second campus with retail, hotel and more in California
Source: Evo Lake Tahoe (California) Seattle-based outdoor retail and adventure brand evo has announced plans to build a new campus in Tahoe City, Calif. The new campus will be centrally located on the shores of North Lake Tahoe. Like Campus Salt Lake, Campus Tahoe City will be ...
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News briefsMillet Mountain Group opens factory in Tunisia
Millet Mountain Group (MMG), the owner of French mountaineering and mountain apparel brands Millet and Lafuma, is opening a new factory in Tunisia. The 3,500-square-meter facility in Monastir has an automated cutting room featuring quilting technology and mechanical and laser cutting machines. The factory also features two embroidery machines and ...
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News briefsSimplifyber successfully closes new funding round for cellulose-based material innovation
Source: Simplifyber Simplifyber, a U.S. start-up company founded by designer Maria Intscher-Owrang, has finished a funding round, generating $3,5 million to back up the go-to-market of the company’s regenerative material that aims to make weaving or knitting obsolete. The product Simplifyber is a cellulose liquid based on ...
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News briefsSalewa acquires the Vertic Outdoor stores in Spain
Salewa Ibérica has acquired the chain of mountain sports stores Vertic Outdoor, CMD Sport has reported. The financial details of the transaction have not been disclosed. The three brick-and-mortar stores of the chain, located in Barcelona, Sabadell and Manresa, will later operate as Salewa Mountain Shop Vertic. Vertic Outdoor also ...
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News briefsStorck launches third crowdfunding campaign
The German company Storck Bicycle has launched another crowdfunding campaign, the third after 2017 and 2018. The campaign offers interested investors the opportunity to participate in the company founded in 1995 with a fixed interest rate of 6.50 percent per year with semi-annual interest payments. The investment limit is €1.5 ...
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News briefsSpecialized to establish European innovation center in Germany
Specialized has announced the merger with Denk Engineering, an independent design office in the cycling industry from Freiburg, Germany. “This merge is an important part of a larger strategy to develop our European Innovation Hub,” Scott Maguire, CEO of Specialized, said. “We will build a new state-of-the-art innovation center facility ...
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News briefsChinese e-bike drive system producer Mivice establishes European subsidiary
As part of its internationalization efforts, another e-bike drive system maker from China is looking to enter the booming European e-bike market. By founding the subsidiary Mivice Europe GmbH in Nuremberg, Germany, the company has also brought two experienced European industry experts on board. Source: Mivice Horst Schuster, ...
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News briefs
Evolved By Nature secures $120 million funding
Evolved By Nature has announced that it has closed a $120 million Series C financing. The company, based in Boston, develops a proprietary library of Activated Silk molecules from natural silk protein that can be used throughout apparel and personal care products. The recent funding round was led by Teachers’ ...
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News briefsTime off for the boss: Vaude's von Dewitz crosses the Alps
It’s an unusual move for the head of a medium-sized company: Antje von Dewitz, CEO of Vaude, is heading to the mountains for 2.5 months to do a crossing of the Alps, taking a total of 3 months off. In a short video, she explains that she is fulfilling a ...
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News briefsCosmo Connected raises €6 million from angel investors
Cosmo Connected, a French start-up specializing in connected safety accessories for users of bikes and scooters, has raised €6 million from Patrice Pastor (J.B. Pastor), Adrien Dassault (Tikehau Capital), Gary Anssens (Alltricks), Sarona VC and several private investors, Le Figaro has reported. In addition, Cosmo Connected is opening its capital ...
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News briefsKKR acquires 96% of Accell Group
The consortium led by Kohlberg Kravis Roberts & Co. (KKR) has now acquired 96.9 percent of Accell Group’s share capital, although the 80 percent acceptance period was not quite reached. Under the tender offer, 5,671,703 shares were tendered during the acceptance period, representing approximately 21.1 percent of the total outstanding ...
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News briefsNew Montane showroom in Munich
Source: Montane Holger Schumann and Steffen Fuchs of Foras 365 British outdoor brand Montane is expanding its European business with a new showroom and warehouse in Munich, Germany. “The new showroom is an important hub not only for our retailers in Bavaria but from all over Germany,” ...
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News briefsOuttra assembles expert advisory board
The German software company Outtra has founded an expert advisory board that will meet quarterly to exchange ideas. Siegbert Müller, founder and managing director of Outtra, initiated the idea to further develop and enhance his company’s tools on an ongoing basis and offer additional effective benefits to all cooperating brands, ...
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News briefsAccell Group takeover: KKR declares offer unconditional
After the status of the Accell Group takeover was in limbo last week, Accell Group and KKR (Kohlberg Kravis Roberts) have now jointly announced that, considering all offer conditions having been satisfied or waived, KKR declares the offer unconditional. The number of shares that have been tendered for acceptance under ...
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News briefs
Second Finisterre funding round triples the targeted amount of €1,75 million
The British brand Finisterre launched its second funding round on Crowdcube at the end of May 2022, with a targeted funding sum of £1,5 million (€1.75 million). In early June, the company’s investment round was already “overfunded,” with £4,598,505 raised (€5.41 million) by 3,722 investors. According to the company, the ...
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News briefsCompass Diversified acquires PrimaLoft
Compass Diversified (CoDi), the Connecticut-based owner of several brands, including Boa Technology, 5.11, Marucci Sports and Velocity Outdoor, announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc, the parent company of the PrimaLoft business and brand, at an enterprise value of ...
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News briefsGathr Outdoors acquires WaterPORT
Gathr Outdoors, known as MacNeill Pride Group until January 2022 and a family of outdoor, camping and recreation brands, announced the acquisition of California-based outdoor adventure water tank manufacturer WaterPORT. The terms of the transaction were not disclosed. WaterPORT founder Adrian Frick will report to Cory Tholl, president of Gathr ...
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News briefsStatus of Accell Group takeover in limbo
The Dutch Accell Group did not receive the required threshold of tendered shares by its June 3, 17:40 CET deadline, casting uncertainty over its proposed €1,145 million takeover by an affiliate of U.S. financial investor KKR (Kohlberg Kravis Roberts) that was formally made on April 6 but first announced in ...
