All Outdoor Industry Compass articles in OIC Vol. 17, Issue 1 – Page 7
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Short stops
Short Stops Week 04, 2024
EXECUTIVE CHANGES +++ Canyon Bicycles has appointed Trek veteran Chad Manuell as Chief Technology Officer +++ Jan Lenfert takes over as Athletes & Community Manager Trail Running at Salomon from Theresa Streck, who is taking her maternity leave from Feb. 1, 2024 +++ PRODUCT & MARKETING +++ With ...
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ArticleLenzing confirms top sustainability rating from MSCI, participates in SAC Higgs FEM
Lenzing Group, the Austrian supplier of wood-based specialty fibers for the textile and non-wovens industries, has been recognized with an “AA” rating by MSCI for the third time in a row, placing Lenzing among the top eight percent of the world’s most sustainable companies. Lenzing was recognized for its sustainability ...
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News briefsCampsider raises €2.5 million
Campsider, a French e-marketplace that sells second-hand outdoor and sporting goods, has secured €2.1 million in seed funding. The round was led by Founders Future, with Inovexus, Machame, Fair Equity and several business angel investors, including Christian George, the founder of Vestiaire Collective, and Xavier Le Guen, VP of Winter ...
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ArticleNew Head of Finance at Vaude
Melissa Wach is the latest member of Vaude’s management board. She joined the company in December and is responsible for the finance department. Wach has taken over the role of CFO from Erwin Gutensohn, who has retired. He successfully shaped financial management at Vaude for over 30 years and laid ...
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ArticleGerman bicycle tire supplier relocates production to Vietnam
Schwalbe manufacturer Ralf Bohle GmbH is strategically realigning its production: All bicycle tires and inner tubes will be produced exclusively in Vietnam in the future. Only mold making, mixing operations, R&D and administration will remain at the long-standing Schwalbe production site in Indonesia. The move is justified by the development ...
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News briefsMustang Survival and Wing Group with new leadership
Source: Mustang Survival Kenny Ballard Outdoor industry professional Kenny Ballard has been named the new president of Mustang Survival, a Canadian company designing and manufacturing lifesaving solutions for angling, sailing, paddling and boating since 1967. Ballard takes over from Juanita Killen, who assumed the role of interim ...
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News briefsTrusTrace completes $24m growth investment
Stockholm, Sweden, and Coimbatore, India-based SaaS company TrusTrace, which specializes in supply chain traceability and regulatory compliance, closed a $24 million investment round led by Circularity Capital, an investor specializing in companies advancing the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital. According to Shameek Ghosh, CEO ...
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News briefsHanwag's new Head of Development
Source: Hanwag Christoph Hühnerbein The German hiking and mountaineering boot manufacturer Hanwag, founded in 1921, has appointed Christoph Hühnerbein as the new Head of Research and Development. Hühnerbein has been leading the 8-strong team since Oct. 1, 2023. With experience at leading companies in the industry such ...
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ArticleRiethmann retires from the management of Lowa
Source: Kerstin Rysavy Werner Riethmann After more than 30 years in management, Werner Riethmann retired from the active management of Lowa Sportschuhe GmbH at the age of 75 at the end of December 2023. However, he will remain with the Southern German hiking and mountain footwear specialist ...
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Data & Analysis2023 Bicycle Industry Stock Chart: Bet on interest rate cut boosts year-end rally
Here you can find out why the global bicycle stock market performed better than expected last year and what the role of the selected stocks in our OIC Bicycle Stock played.
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News briefsPolygiene’s Addmaster returns to its roots
In response to customer feedback, antimicrobial technology label Addmaster, part of the Polygiene Group, is reverting to its original name, Addmaster, effective Jan. 18, 2024. As part of this response to customer feedback, the company has launched a new standalone website. While it remains an integrated part of the Polygiene ...
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News briefsManfred Steiner appointed new CFO of Oberalp
Source: Oberalp Group Manfred Steiner The Oberalp Group, based in Bolzano, Italy, has appointed Manfred Steiner as its new Chief Financial Officer, succeeding Manuel Stecher. Steiner joins Oberalp with over 17 years of experience at Austria-based Gronbach, an international high-tech company specializing in the production of components ...
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News briefsPeak Design becomes member of US Conservation Alliance
Peak Design is joining The Conservation Alliance (TCA), a US coalition of like-minded member organizations working to protect wilderness and natural areas, as its newest Pinnacle Member with a $100,000 annual commitment to the organization. Peak Design’s contribution helps fund TCA’s highly diversified grantmaking portfolio, corporate advocacy program, and core ...
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News briefsRudy Project and Team Bahrain Victorious collaborate until 2026
Source: Rudy Project Rudy Project x Team Bahrain Victorious Rudy Project, founded in 1985 in Treviso, Italy, has announced the renewal of its collaboration with the Bahrain Victorious cycling team as the official helmet and eyewear partner until 2026. The Treviso-based brand has been continuously supporting the ...
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News briefsNew distribution deal for P.A.C. in Italy
Nov.ita is the new exclusive distributor in Italy ot the P.A.C. brand, the German specialist in multifunctional headgear and socks. Nov.ita, founded in 1988 and based in Turin, already distributes other brands for outdoor enthusiasts in the country, including Buff, Camelbak, Lifestraw, Montane, Eisbär, Cocoon and more. P.A.C. operates its ...
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ArticleNew CEO for Protect Our Winters
Source: POW Erin Sprague, new CEO of POW Former board member Erin Sprague has taken on the CEO role at Protect Our Winters (POW). Sprague is the organization’s third CEO in its history and the first woman to lead POW. In a press release, POW stated that ...
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ArticleNew Head of Corporate Responsibility at Mammut
Source: Mammut Tobias Steinegger Tobias Steinegger took up the position as the new Head of Corporate Responsibility at Swiss mountain sports specialist Mammut on Jan. 1, 2024, succeeding Adrian Huber, who held the position for the past 20 years and has now decided to take on a ...
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News briefsSimplon expands presence in Switzerland
Austrian bicycle manufacturer Simplon is focusing more on Switzerland in 2024, thereby emphasizing the importance of the Swiss market. The aim is to position the product portfolio even more comprehensively in the country and improve customer service. With this in mind, the company has enlisted Sideshore AG, based in Wolfhausen ...
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News briefsGoPro acquires Australian motorcycle helmet company
GoPro has an agreement in place to acquire Forcite Helmet Systems, a New South Wales, Australia-based maker of tech-enabled motorcycle helmets that was co-founded by Julian Chow and CEO Alfred Boyadgis. Financial terms of the pending transaction were not disclosed. More details about the pending transaction, expected to close before ...
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ArticleEquip Outdoor appoints new CEO
Source: Equip Outdoor Technologies Richard Leedham Equip Outdoor Technologies UK Ltd., the parent company of Rab and Lowe Alpine, has announced the appointment of Richard Leedham as CEO after the company’s owner, Matt Gowar, announced he will step down from the position of CEO in November 2023 ...
