All Outdoor Industry Compass articles in OIC Vol. 17, Issue 1 – Page 2
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News briefsLenzing again receives CDP’s Triple A for sustainability leadership
Lenzing Group, the Austrian supplier of wood-based specialty fibers for the textile and nonwoven industries, has been included for the third year in a row on the annual “A-List” of global environmental non-profit CDP, which assesses and recognizes sustainability leadership. Lenzing is one of only ten companies to achieve a ...
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ArticlePolartec and Must Had give excess inventory a second chance
Polartec has entered into a one-year partnership with Must Had, a Torino-based start-up and non-profit company that gives excess materials a second life. Throughout 2024, Polartec will rely on Must Had to extend the life of its excess inventory. Together, the companies will explore sustainable design practices and work towards ...
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News briefsBain Capital reportedly plans to help Snow Peak go private
Late last week, several media outlets worldwide reported that the US buyout fund Bain Capital is planning to take Japanese outdoor manufacturer Snow Peak private in a management buyout valued at 50 billion yen ($333 million). Snow Peak responded on Feb. 16 that the news was not based on a ...
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Short stops
Short Stops Week 08, 2024
PRODUCT & MARKETING +++ Garmin has renewed its contract as the official transition sponsor of the Professional Triathletes Organisation (PTO) +++ Mammut welcomes Lindsey Hamm, an American Mountain Guide Association (AMGA) certified guide who has traveled the world establishing routes in Zanskar, India and Pakistan, to its roster of elite ...
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ArticleHelinox announces global leadership team
Young Lah, Global CEO of Helinox, has appointed a new global leadership team to position the company for further growth and product category expansion. Source: Helinox Andrew Shand, Helinox President und Global COO As part of these changes, Andrew Shand was promoted to Helinox President and Global ...
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News briefsSalomon partners with Hikeish to get diverse communities outdoors
Salomon’s charitable Salomon Foundation has joined forces with Hikeish, a Brooklyn-based non-profit organization, on a new initiative to get diverse communities outdoors. Hikeish organizes activities for underrepresented groups, such as road running, trail running, or hiking. Hikeish was founded by Benje Williams and Ken Bernard, who are also the co-founders ...
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News briefsIntertextile to feature 3,000 exhibitors
The spring edition of Intertextile Shanghai Apparel Fabrics, China’s biggest fabrics trade show, will showcase the collections of some 3,000 domestic and international exhibitors. The event will be staged at the National Exhibition and Convention Centre in Shanghai on March 6-8, in a 190,000 sqm exhibition area. The show is ...
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News briefsAsics EMEA welcomes nine new trail runners
Asics has announced that nine new elite runners have joined its trail team. The team now consists of 48 members from around the world. The brand has welcomed Miguel Benítez (Spain), Ben Dhiman (U.S.), Romain Discher (France), Greta Garcia Moran (Spain), Julie Lelong (France), Dorian Louvet (France), Antonio Martínez Pérez ...
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ArticleYeti misses Q4 sales mark, but international soars
Yeti is forecasting sales growth of 20-25 percent in 2024 from all markets outside the U.S. after stellar results from the segment in FY23. The group’s international sales expanded by 28 percent last year to nearly $260.7 million, fueled by momentum in Europe, where the brand is now carried in ...
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News briefsBankruptcy estate of Hövding acquired by Austrian iSi Group
The bankruptcy estate of Hövding Sverige AB, the Swedish company known for its innovative airbag protection for cyclists, has been acquired by the privately owned Austrian industrial company iSi Group. The acquisition of assets includes all technology, know-how, patents and other intellectual property rights previously owned by Hövding Sverige AB, ...
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News briefsHelly Hansen sales rose by 7.1 percent in 2023
Helly Hansen, the Norwegian brand owned by Canadian Tire, generated C$837.2 million (€576.2m) in 2023 sales versus C$781.9 million in 2022. In the final quarter, the business suffered a 9.3 percent sales decline to C$274.0 million (€188.6m) against C$301.8 million due to the timing of shipments as more fall/winter products ...
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ArticleElevate Outdoor Collective launches Collective Progress Initiative
With the launch of the Collective Progress Initiative, Elevate Outdoor Collective’s (EOC) global brands – K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe Co, Tubbs Snowshoes, Madshus and K2 Skates – are working hand-in-hand to eliminate waste and maximize the recyclability and ...
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ArticleHeiQ appoints CEO for HeiQ AeoniQ Holding
Source: HeiQ Julien Born, CEO of HeiQ AeoniQ Holding Swiss ingredients brand HeiQ has announced the appointment of Julien Born as Chief Executive Officer of HeiQ AeoniQ Holding, where he will drive the growth of HeiQ AeoniQ, a specialty cellulosic fiber. Born brings extensive leadership skills and ...
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News briefsINOV8 opens first store in a UK city
British running, walking and fitness brand INOV8 has chosen Sheffield as the location for its first store in a UK city. The store opened on Feb. 1 at Dyson Place on Sharrow Vale Road and has created five new jobs. It sells INOV8 branded footwear, clothing and equipment for runners, ...
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News briefsSpyder to launch PFAS-free ski apparel starting this fall
Liberated Brands has unveiled an ambitious plan to eliminate per- and polyfluorinated substances (PFAS) from the Spyder ski apparel line starting in fall 2024. The elimination of PFAS will be strategically implemented through a multi-season initiative. At the same time, the brand will also introduce new innovations in waterproof materials ...
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ArticleVF appoints Caroline Brown to the board after aligning with activist investor Engaged Capital
Source: VF Corp. Caroline Brown VF Corp. has appointed Caroline Brown to the company’s Board of Directors, effective Feb. 14, 2024. The appointment follows constructive discussions with VF’s shareholders, including Engaged Capital, LLC. VF also intends to appoint an additional independent director in the near future by ...
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News briefsUTMB World Series welcomes Suunto as official GPS watch and technical partner
The UTMB World Series and Suunto have announced a global partnership. As the official watch and technical partner, Suunto will support the races in navigating the trails of the 41 UTMB World Series events. Athletes who own a Suunto Vertical or Suunto Race watch will be able to download intuitive ...
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ArticleOnline course on reducing release of microfibers into wastewater by TMC and ZDHC
The Microfibre Consortium (TMC) has launched a new course designed to help textile manufacturers tackle the release of microfibres into wastewater during production processes. The e-learning program has been developed in partnership with Zero Discharge of Hazardous Chemicals (ZDHC). Based on their Preliminary Guidelines: Control of Microfibres in Wastewater, published ...
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News briefsPolygiene says recovery in sight after difficult year
Polygiene, which suspended its long-term financial guidance in December, reported a Q4 operating loss of 302.4 million Swedish kronor (€26.7m) for the three months ended Dec. 31. Total sales fell by 23 percent to SEK 30.9 million (€2.7m) from SEK 40.0 million but gross margin expanded by 570 basis points ...
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News briefsLenzing partners with Recyc Leather and Ganni on new footwear materials
Lenzing Group, the Austrian supplier of wood-based specialty fibers for the textile and nonwovens industries, has partnered with Recycle Leather to introduce Pélinova, an innovative material that fuses Tencel Lyocell fibers and recycled leather fibers. By teaming up with a Danish brand, a B Corp-certified company, this trio will bring ...
