News Briefs – Page 12
-
News briefsBleed enters insolvency
Despite intensive efforts, Bleed has not been able to find a solution for its continuation to date, the company announced in a newsletter issued shortly after Christmas. As a result, the sustainable outdoor brand from southern Germany will be insolvent from January 2024. Since the team around owner Michael Spitzbarth ...
-
News briefsGreen Week: Deuter donates €7,000 to Patron Plasticfree Peaks
Instead of promoting consumption through discounts, Deuter has once again made a sustainability statement this year during Green Week. The German company has donated 10 percent of its online sales from Nov. 20-26, 2023, to the non-profit organization Patron Plasticfree Peaks, which campaigns for a clean environment, raising a total ...
-
News briefsMillet opens new concept store in the heart of Paris
French brand Millet has inaugurated a new store in Paris. The “Millet Camp De Base” (French for base camp), a new retail concept dedicated to the greatest names in mountaineering, is located at 10 rue du Vieux Colombier in the elegant 6th arrondissement. The 260-sqm store celebrates Reinhold Messner, Walter ...
-
News briefsManagement transition at Dale of Norway and Woolland
After a record year for Dale of Norway, Anette Juel Knudtzon is leaving the company after 6 years as CEO of Woolland AS as well as 4 years as CEO of Dale. On Feb. 1, she will take over as CEO of IsaNor Invest. According to Norsk Sportsbransjeforening, Dale of ...
-
News briefs66°North opens US headquarters, announces executive appointments
66°North, an Iceland-based sustainable outerwear brand, is opening a US headquarters in New York City as part of its global expansion plans. Justin Warren has been named Sales Director for North America, where he will also establish the New York office and oversee the launch of wholesale in the US ...
-
News briefsRenewcell secures €9m capital injection for short-term liquidity
Swedish textile-to-textile recycling company Renewcell has entered into two short-term loans with its main shareholders, H&M Fashion AB and Girincubator AB, and – through waivers and amendments to the company’s existing financial agreements – with its existing lenders BNP Paribas, European Investment Bank (EIB), Nordea Bank Abp and AB Svensk ...
-
News briefsRapala buys remaining shares in DQC International, takes over 13 Fishing
Rapala VMC has acquired James Coble’s remaining 40 percent stake in DQC International, the owner of the 13 Fishing rod and reel brand. The Finnish company, which has been distributing 13 Fishing rods and reels outside the US for almost four years, had increased its stake in DQC to 60 ...
-
News briefsHanwag appoints Senior Sales Manager for Germany
The hiking and mountaineering boot manufacturer Hanwag, part of Fenix Outdoor AB, is expanding its sales team in Germany.
-
News briefsCoDi receives $75.2m equity investment
Compass Diversified (CoDi), the Connecticut-based owner PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, completed a $75.2 million private placement offering of approximately 3.6 million of its common shares to an Allspring Global Investments mutual fund for $21.18 per share. “We are thrilled to receive this substantial investment from Allspring,” commented ...
-
News briefsHövding files for bankruptcy
The Board of Directors of Hövding Sverige AB has decided to file for bankruptcy. The bankruptcy application has been submitted to Malmö District Court on December 21, 2023. As reported before, the reason for the bankruptcy application is that the Swedish Consumer Protection Agency on Nov. 1, 2023, imposed a ...
-
News briefsWolverine Worldwide appoints Chief Supply Chain Officer, Zwiers to leave company
Wolverine World Wide, Inc. has announced the appointment of Bishu Jayaram to the newly created position of Chief Supply Chain Officer. In this position, he will be responsible for global sourcing, distribution, logistics and integrated planning – a critical role in the company’s ongoing transformation into a consumer-centric growth company. ...
-
News briefsTCA names 2023 Confluence Grantees
The Conservation Alliance (TCA), a US coalition of like-minded member organizations working to protect wilderness and natural areas, announced the recipients of its 2023 Confluence Grant Program: Alabama River Diversity Network, Battery Island Drive Neighborhood Association, People of Red Mountain and Northern Chumash Tribal Council. The Confluence Grant Program, which ...
-
News briefsUNIDO and Fair Trade International team up for sustainable supply chains
Gunther Beger, managing director of United Nations Industrial Development Organization (UNIDO), and Sandra Uwera Murasa, global CEO of Fair Trade International, have inked a new joint declaration at COP28 in Dubai on Dec. 10. In the declaration, UNIDO and Fairtrade reiterate their shared commitment to promoting sustainable supply chains and ...
-
News briefsTeijin Frontier announces new material for sports and outdoor wear
Tokyo-based Teijin Frontier has announced the development of Microft MX, a new high-performance material made from a combination of polyester and nylon filaments, which is said to combine the texture and functionality of both materials. Microft MX has the look of “a finely woven chambray” due to a difference in ...
-
News briefsGSM Outdoors enters fishing rod market
GSM Outdoors has announced the acquisition of US-based company Phenix Rods. The move marks GSM’s entrance into the fishing rod world. Established in 1977, Phenix produces rods for both the freshwater and saltwater markets. GSM Outdoors, headquartered in Irving, Texas, is home to more than 40 hunting, shooting sports, rugged ...
-
News briefsRebike’s e-bike refurbishment certified by TÜV Rheinland
The Premium Refurbishment Program from Rebike Mobility, Germany’s largest re-commerce company for e-bikes, has been awarded the “Tested Service Quality” certificate by TÜV Rheinland. Rebike is the first provider of reconditioned e-bikes to receive such certification. The basis for the certificate was an extensive audit by TÜV Rheinland in the ...
-
News briefsMyStromer with new executives for growing e-bike subsidiary Desiknio
Swiss S-pedelec pioneer MyStromer AG has made two key personnel changes at its Spanish lightweight e-bike brand Desiknio, which it acquired in 2021. Source: Desiknio Morten Kristiansen Since mid-November, Morten Kristiansen has been the new Managing Director of the Spanish subsidiary, which, in contrast to the Stromer ...
-
News briefsRenewcell appoints interim CFO
Peter Schulz will join Swedish textile-to-textile recycling company Renewcell as Interim Chief Financial Officer from Jan. 1, 2024. He joins from a position as CFO at Pacific Basin Shipping in Hong Kong, which he has held for the past six years. Schulz has extensive experience as CFO of both listed ...
-
News briefs30 years on, Ternua bets on sustainability
For 2024, Ternua Group expects “slight growth but greater profitability,” according to Marketing Director Imanol Muñoz, who spoke at ISPO Munich with Diffusion Sport. He said it was a slow trade show, lamenting the “absence of French, Italian and Spanish clients.” The brand’s 22 foreign markets account for 33 percent ...
-
News briefsFormer Saucony President to become new CEO of PrimaLoft
Source: PrimaLoft Anne Cavassa Compass Diversified (CoDi), the Westport, Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11 and Velocity Outdoor, announced the appointment of Anne Cavassa as Chief Executive Officer of its subsidiary PrimaLoft Inc. effective Jan. 1, 2024. The move follows Cavassa’s recent ...
