News Briefs – Page 6
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News briefsFishbrain fishing app secures $6 million in new share issue
Fishbrain AB, the Swedish-based developer of a mobile application for anglers, has raised $6 million in funding. The round was led by Swedish venture capital fund Industrifonden, and co-led by Lucerne Capital Management, a US-based equity investment firm with a focus on European markets. The new funding is expected to ...
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News briefsBig Agnes completes purchase of its Steamboat Springs headquarters
Big Agnes, the Colorado-based outdoor gear brand founded in 2001, recently announced that it has secured a long-term home for the company’s headquarters in downtown Steamboat Springs, Colorado. Located downtown at 840 Yampa Street, the building has housed both Big Agnes and the Steamboat Springs Fire Department for the past ...
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News briefsGarmin opens Firstbeat Analytics Lab in Finland
Garmin has announced the soft opening of the Firstbeat Analytics Lab in Jyväskylä, Finland. This is an innovative fitness lab and testing facility with custom fitness equipment, measurement systems and proprietary monitoring technology that will be used by Garmin physiologists and data scientists to develop even more innovative features for ...
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News briefsLusso invests in digital transformation with the support of the Made Smarter program
British cycle clothing maker Lusso is investing £100,000 (€115,800) in an ambitious growth plan thanks to support from the Made Smarter program, a government-funded initiative that helps small and medium enterprises digitalize, decarbonize and grow through technology. Lusso, a 40-year-old business based in Radcliff, Greater Manchester, is run by former ...
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News briefsMips comments on the fine imposed by Nasdaq Stockholm
On July 21, the Swedish helmet technology manufacturer Mips AB, which has been traded on the Stockholm Stock Exchange since 2017 and moved from the mid-cap to the large-cap segment in early 2022, was fined two annual fees totaling SEK 1.7 million (€147,178) by Nasdaq Stockholm’s Disciplinary Committee. Said committee ...
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News briefsVanMoof is insolvent
After granting VanMoof a temporary suspension of payments on July 13, Dutch insolvency file website FaillissementsDossier now reports that the Amsterdam District Court on July 17 lifted that very suspension via creditor protection proceedings for the Dutch DTC provider of e-commuter bicycles. As a consequence, the companies VanMoof Global Holding ...
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News briefsMeander Apparel launches crowdfunding campaign to support growth
Scottish sustainable outdoor lifestyle brand Meander Apparel has launched a £150,000 (€174,000) equity crowdfunding campaign to back the growth of its product range and the expansion of its retail presence across the UK, US and Europe. Earlier this month, the company received a £25,000 (€29,000) loan from the British Business ...
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News briefsRapala VMC taking majority stake in 13 Fishing parent
Rapala VMC, the fishing-focused company based in Finland, which has been distributing 13 Fishing rods and reels outside the U.S. for nearly four years, is increasing its stake in its parent DQC International to 60 percent. Under the terms of the agreement, DQC CEO James Coble will retain 40 percent ...
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News briefsKMD Brands updates full-year outlook
KMD Brands, the New Zealand parent of Oboz, Kathmandu, and Rip Curl, says it’s on track to reach full-year sales of NZ$1.1 billion (€619.7m) for the 12 months ending July 31. FY gross margin is forecast to be on par with the prior year, and Ebitda is forecast at NZ$105 ...
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News briefsItalian bicycle maker Pinarello sold
Investment firm L Catterton has announced that it has sold Pinarello to “a private family office.” The terms of the transaction have not been unveiled, but according to the Italian newspaper Gazzetta dello Sport, it was a €200 million deal. L Catterton bought a majority stake in Pinarello in 2016. ...
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News briefsKodak opens a textile test facility
Kodak has announced the opening of a textile test facility in the company’s Eastman Business Park in Rochester, New York. The facility will provide a wide range of testing services for use by textile developers, manufacturers and academic institutions to assess specific performance attributes and properties of fabrics. The new ...
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News briefsIs TSG looking to divest Backcountry.com?
TSG Consumer Partners, a private equity firm based in San Francisco, California, is considering options for Backcountry, including a sale of the online outdoor gear and ski apparel retailer, according to Bloomberg News. Backcountry was founded in 1996 in a garage in Park City, Utah. The company sells gear for ...
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News briefsLa Sportiva acquires Italian shoe upper supplier
Outdoor footwear specialist La Sportiva has acquired a majority stake in Meet Italia, an Italian shoe upper producer and one of Sportiva’s suppliers for more than 20 years. Founded in 1985 by the Morellato family, Meet Italia is based in the outdoor industry cluster of Montebelluna in the Veneto region. ...
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News briefsSemapa acquires bicycle aluminum frame builder Triangle’s
Portuguese aluminum frame builder Triangle’s Cycling Equipments has been acquired by domestic conglomerate Sociedade de Investimento e Gestão (Semapa). The full acquisition was made by Aphelion, a wholly-owned subsidiary of the publicly traded conglomerate. Semapa has so far made a name for itself mainly with holdings in the cement, pulp ...
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News briefsHunter insolvent, new Wellies expected under Authentic
Scottish company Hunter Boots, known for its original Wellington boot, went into administration in the UK on June 5 and changed its name to HBL Realisations Limited on June 14. U.S.-based Authentic Brands Group announced June 2 that it had acquired Hunter’s intellectual property. Documents filed by the company’s administrator, ...
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News briefsNaturkompaniet acquires Norwegian online store and brick-and-mortar stores
Naturkompaniet AS and Exist Internet AS announced that Naturkompaniet is acquiring 100 percent of the shares in Exist Internet AS, Fjellshop AS and Fjellshop Tromsø AS. The acquisition is part of Naturkompaniet’s strategy to expand its offering and strengthen its position as a leading player in the outdoor industry in ...
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News briefsPinarello could reportedly be sold to Ivan Glasenberg
Italian bike company Cicli Pinarello could soon be sold to Ivan Glasenberg, according to Italian newspaper Il Messaggero and other press sources. The 66-year-old South African billionaire, who holds a 10 percent stake in international mining company Glencore, is reportedly close to finalizing a deal to take a majority stake ...
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News briefsOberalp opens Milan showroom
The Oberalp Group, the owner of Salewa, Dynafit and other mountain brands, has opened a new showroom in Milan. Located at Open336 in Viale Sarca 336, the 1,000-square-meter space, which also houses the group’s offices, reportedly represents an investment of more than €500,000. Headquartered in Bolzano, Italy, the Oberalp Group ...
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News briefsNew Lenzing process to eliminate discoloration from fibers
Lenzing has introduced a new processing solution to mitigate the discoloration and yellowing of seamless and light-colored cellulosic garments due to high-temperature heating. Discoloring and yellowing caused by high-temperature molding have traditionally been an issue during the garment production process. Lenzing’s proprietary solution is described as “the first in the ...
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News briefsNorrøna moves into the Norrøna House
Norwegian outdoor brand Norrøna started moving into its new offices at the Norrøna House. Originally built in 1862, the 3,000-sqm remodeled building features not only corporate offices but also an indoor climbing gym, modern event spaces, gastronomy and the brand’s largest flagship store to date. Located right by the river ...
