News Briefs – Page 8
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News briefsTrerè Innovation expands into U.S. market with UYN, first store planned for fall
Italian sports apparel manufacturer Trerè Innovation enters the U.S. market with its Biotech base layers made from plant-based and natural materials like beech plants, castor oil seeds, kapok trees, eucalyptus trees and corn. The Biotech apparel line is manufactured in Pennsylvania and marketed under the Trerè brand Unleash your Nature ...
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News briefsRaven Hengelsport makes a new start
Dutch company Raven Hengelsport, one of Europe’s biggest tackle retailers, ceased trading in January, as previously reported. After working with the administrator, J.P. Davids of Davids Advocaten, the company has now announced that Raven has been acquired by Dion Raven, his brother Iwan Raven and the Brubaker Group, a German ...
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News briefsRenewcell and CTA Green Fibre sign delivery agreement
Swedish textile-to-textile recycling innovator Renewcell has signed a memorandum of understanding with China Textile Academy (CTA) Green Fibre Co. Ltd, a Chinese lyocell fiber producer, for a long-term collaboration in the production of man-made cellulosic fibers. The agreement, signed by the two companies at the Intertextile Apparel show in Shanghai, ...
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News briefsFire at Renewcell 1 in Sundsvall, Sweden
A fire broke out at a facility of Swedish textile recycler Renewcell in Sundsvall, Sweden, on March 22. Nobody was injured. The fire occurred in the plant’s shredding area and was extinguished without spreading to the rest of the facility, the company said. The fire damaged one of the three ...
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News briefsFishing tackle supplier Gansel Australia and distributor Viva Australia merge
Gansel Australia, a fishing tackle supplier with 50 years of trading history, and Viva Australia, a distributor of fishingbrands, have announced their merger. Viva Australia has more than two decades of experience servicing tackle shops in Australia and today distributes fishing brands like Megabass, Lox, Hayabusa, Shout, Asakura, Pioneer, Jigging ...
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News briefsBike apparel brand Kitsbow to cease operations
Employee-owned U.S. cycling apparel brand Kitsbow announced that it will cease operations in April after failing to raise sufficient capital. According to CEO David Billstrom, a community funding round launched in November through the Wefunder platform raised only about half of the $1 million needed to continue the business. He ...
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News briefsSeveral Lycra production sites pass Higg assessment modules
Global textile supplier Lycra announced the third-party verification of several Higg Facility Environmental Module (Higg FEM) and Higg Facility Social & Labor Module (Higg FSLM) self-assessments. The Lycra manufacturing sites in Waynesboro, Virginia (U.S.); Maydown, Northern Ireland; and Foshan, China, completed their verification for the Higg FEM module, a framework ...
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News briefsCapital infusion at Berria Bikes
Through its SC Growth Fund II, Suma Capital has taken a minority stake in the Spanish brand Berria Bikes, according to CMDsport. The infusion of €160 million is to help shore up the company’s structure and help it expand outside of Spain. Berria was founded in 2012 by the brothers ...
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News briefsCoats Group opens second sustainability hub
Coats Group, the British multinational specializing in the manufacture of yarns and structural components for apparel and footwear, has opened a pilot sustainability hub at its Madurai plant in the southern Indian state of Tamil Nadu. The new hub is located in a sprawling area of nearly 1,000 square meters. ...
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News briefsStolen Goat parent company launches public crowdfunding campaign
Herd Group Holdings has gone publicly live with a crowdfunding campaign on Seedrs. U.K.-based Herd Group, headquartered in Hook, Hampshire, is the parent company to apparel brand Stolen Goat, bikepacking brand Wildcat and the women’s cycling clothing brand VeloVixen, which Herd Group acquired in February following the brand’s entry into ...
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News briefsBerghaus achieves B Corp certification
U.K. outdoor company Berghaus has received its certification as a B Corporation, joining the global corporate community that is committed to further improving its responsible business practices. The B Corp status was awarded to Berghaus following a rigorous assessment that included governance, people, community, customers and environment. The company supports ...
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News briefsSigna Sports United expands North American presence with new Utah HQ
Signa Sports United’s (SSU) North American bike division announced the opening of its new corporate headquarters in Park City, Utah. The office will serve as a hub for SSU’s North American bicycle operations, enabling the company to better serve its growing customer and dealer base in the region and throughout ...
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News briefsRocky Mountain buys its German distributor
The Canadian bike manufacturer Rocky Mountain has acquired the German distribution company BikeAction GmbH, based in Rodgau, with which it has been in partnership for over 30 years. By combining the two companies, Rocky Mountain wants to be able to “better serve, understand and support the market in Europe going ...
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News briefsCake enters partnership for Mexico, associated manufacturing for North America
Cake, the Swedish manufacturer of premium lightweight electric motorcycles, has announced a significant partnership with Mexican mobility leader Italika and Citio, a Mexican company offering the first battery swapping network in the country, for electric two-wheel transition and acceleration in Mexico. Italika, owning the majority of the Mexican motorcycle market, ...
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News briefsRe-Commerce company Responsible acquires IT specialist Haru
Responsible, a global circularity platform, has acquired Haru. This tech-powered re-commerce solution was founded in 2018 as a service provider for charity shops (to date, 550 of them work with the Haru solution across Ireland and the U.K.). While joining forces, the two companies are aiming to provide collecting, sorting, ...
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News briefsVibram plans to double footwear sales
Vibram, the Italian sole producer, aims to double its sales of own-brand footwear, which reached €18 million in 2022, Paolo Manuzzi, the chief executive of the Italian sole producer, said in an interview with the daily Il Sole 24 Ore. Last year, the group’s overall sales rose by 50 percent ...
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News briefsCirc closes $25 million funding round backed by Zalando and Avery Dennison
Circ, the Virginia-based fiber-to-fiber recycling tech firm, has secured $25 million in additional funds thanks to a number of new investors as well as previous investors. The new funding round was backed by European online platform Zalando and material science and digital labels maker Avery Dennison. Korean outdoor and sportswear ...
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News briefsAlpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
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News briefs
VF issues €500m green bond to support sustainability strategy
VF Corporation, whose brands include The North Face, Timberland and Napapijri, announced the closing of a €500 million green bond issuance, the second since its inception in 2020. An amount equal to the net proceeds from the emission will be used to support programs under the company’s sustainability and stewardship ...
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News briefsBuyer found for insolvent Prophete Group as a whole
Singapore-based Dutech Holdings Limited is to take over the insolvent German bicycle group, Prophete Group. The buyer is a leading global systems manufacturer in the field of security technology and ticket vending machines (TVM). The group is owned by U.S. entrepreneur Dr. Johnny Liu and employs more than 2,600 people ...
