News Briefs – Page 7
-
News briefsStar investors for the All in Biking app
Spanish tennis players David Ferrer and Juan Carlos Ferrero and former Moto GP racer Sete Gibernau have invested in All in Biking. Headquartered in Alicante, Spain, All in Biking was founded in November 2021 by José Julio Becerril and Juan Antonio Cano. Through the All in Biking app, users can ...
-
News briefsFormer Gymshark CEO backs UK-based responsible outdoor brand
The UK’s responsibility-driven outdoor brand Passenger has formed partnerships with consumer-specialist investment firm Growth Partner and former Gymshark CEO Steve Hewitt to drive international growth. Growth Partner, which is backed by Chairman Richard Harpin, has invested £15 million (€17.2m) to acquire a minority stake, whilst Hewitt has also invested alongside ...
-
News briefsLenzing and textile machinery supplier Karl Mayer announce partnership
Karl Mayer Group, a German supplier of textile machinery, and Lenzing Group, the Austrian manufacturer of wood-based specialty fibers, have entered into a strategic partnership to create a more environmentally friendly textile value chain. The collaboration is intended to increase the proportion of plant-based, biodegradable and fossil-free materials used in ...
-
News briefsFrasers reportedly interested in ProBikeKit
Frasers Group PLC, owner of Sports Direct, is in talks to acquire ProBikeKit, Sky News reported last Monday. ProBikeKit is an online seller of bike components, accessories and apparel and would pair well with Fraser’s Evans Cycles online and retail chain, which it acquired out of bankruptcy in 2018. ProBikeKit ...
-
News briefsHelinox opens new creative center in Tokyo
Helinox, the maker of lightweight, packable outdoor furniture, recently opened its new Helinox Creative Center (HCC) Tokyo. Located in the Harajuku district and celebrating the brand’s 10th anniversary in Japan, HCC Tokyo is the first Helinox flagship location outside its home country of South Korea. HCC Busan, South Korea, opened ...
-
News briefsHigg Inc. rebrands as Worldly
Higg Inc., an integrated software platform that helps businesses take responsibility for the impact of their supply chain, has rebranded as Worldly. More than 40,000 brands, retailers, suppliers and manufacturers around the world in fashion, outdoor, home goods, toys and other sectors currently rely on this platform, designed to offer ...
-
News briefsCake enters India
Swedish lightweight electric motorcycle manufacturer Cake has announced its partnership with Pepfuels, a company funded by ONGC (Oil and Natural Gas Corporation Limited, a natural gas and petroleum company from India headquartered in Dehradun), marking the company’s entry into the Indian market. This collaboration follows Cake’s successful Asian expansion with ...
-
News briefsSolo Brands with new acquisition
Solo Brands, the parent company of Solo Stove, Chubbies, Oru Kayak, and Isle, has acquired TerraFlame, makers of sustainable indoor and tabletop fireplaces and fire features. “This strategic acquisition complements our brands, and, alongside Solo Stove, allows us to offer our customers the fire-burning experience outdoors, and with the addition ...
-
News briefsSustainable performance fiber team secures $3.7M funding
Werewool, a pioneer of sustainable performance fibers which uses proteins to create products normally manufactured with petroleum, has announced a $3.7 million seed funding. The funding was led by Material Impact and Sofinnova Partners to further the company’s mission to produce biodegradable fibers with protein-based color and performance properties using ...
-
News briefsGiant Group and Stages Cycling cancel minority share takeover negotiations
At the beginning of the year, we reported on two ticker announcements from the Taiwan Stock Exchange (TWSE). Both concerned the listed bicycle producer Giant Manufacturing Company Ltd. (or Giant Group, including brands Cadex, Giant, Liv and Momentum). The first: That Giant Group had acquired a minority stake in US-based ...
-
News briefsStio raises $20 million in capital
US mountain lifestyle brand Stio has raised $20 million in capital to support its Mountain Studio retail locations, future product category development and a pivot towards a more diversified omnichannel approach, according to SGB. Led by Lagi Innovation Fund, the debt-equity raise comes as the mountain town brand announced it ...
-
News briefsLenzing accelerates energy transition by purchasing biomass power plant
Austrian fiber producer Lenzing signed a contract to acquire the 43 MW biomass power plant of Energie 42 Beteiligungs GmbH in the Heiligenkreuz business park. The transaction is subject to regulatory approvals in particular and is expected to be completed in the second quarter of 2023. The strategic investment will ...
-
News briefsLink My Ride secures investment from high-profile sports figures
Social cycling app Link My Ride has announced that it has secured investment from a range of high-profile names from across sports, including Finnish Formula 1 driver Valtteri Bottas, alongside professional cyclists Daryl Impey, Tiffany Cromwell and Ryan Gibbons. Link My Ride is a pre-ride organizational platform that allows cyclists ...
-
News briefsNomination committee formed ahead of RVRC’s AGM 2023
RevolutionRace (RVRC) has appointed three members who, together with the chairman of the board of directors, will form a nomination committee for the period leading up to its annual general meeting, which is expected to be held in November 2023. These three members are (in accordance with a resolution of ...
-
News briefsOnline Brands to generate capital by targeted share issuance
Online Brands Nordic AB, which operates a number of e-commerce businesses and acquired ownership of outdoor children’s brand Isbjörn in April 2022, announced in an April 17 press release that it is seeking to raise a total of SEK 23.5 million (€2.08m) in additional capital. This will be achieved through ...
-
News briefsFreeride Filmfestival back in original hands
With the beginning of 2023, Volker Hölzl and Harry Putz have taken over 100 percent of the parent company of the Freeride Filmfestival and the Freeride Experience. The company has moved its location from Tyrol to Vienna and now operates under the new name OFF ON Events GmbH. ...
-
News briefsAMSilk raises additional €25m for production of bio-engineered silk protein materials
AMSilk GmbH, a Munich-based industrial supplier of and pioneer in bio-engineered silk protein materials, announced that it has raised an additional €25 million in an extended Series C financing led by existing investor ATHOS (AT Newtec) and with participation from Novo Holdings, Cargill and MIG Capital. AMSilk’s technology platform, based ...
-
News briefsNorrøna and the world’s only single track bike hotel
Norrøna has added the Canvas Hotel Telemark, the world’s only single-track bike hotel, to its Norrøna Adventure Company offering. The lodge is located in Treungen, Norway – 2 km from the nearest road — and offers glamping with “great staff, great food, drinks, beds, spa/sauna and location, as well as ...
-
News briefsIndian government supports technology development for fibers made from hemp waste
As reported by Hemp Today, the Technology Development Board of India (TDB) has pledged 1.4 crores Indian rupees (€154,000) to support the development of technologies for processing bast fibers from industrial hemp, flax, nettle and other plants. The project cost is set to total ₹2.08 crores (€232,000). The TDB, part ...
-
News briefsHaglöfs opens a new distribution center
Haglöfs has opened a new 18,000 sqm distribution center in Eskilstuna, Sweden. It comes after the company’s current distribution center in Avesta reached maximum capacity in 2022. The new location and redesigned distribution model are expected to increase logistics flow and service levels, as well as serve as a platform ...
