All Outdoor Industry Compass articles in OIC Vol. 17, Issue 2 – Page 11
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ArticleRenewcell files for bankruptcy
After the Swedish textile recycler postponed its annual report for the second time for economic reasons, the Board of Directors decided on Feb. 25 to file for bankruptcy of Re:NewCell AB (Renewcell). The bankruptcy petition will be filed with the Stockholm District Court. The reason for the decision to file ...
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News briefsMystery Ranch partners with Vallfirest on forest fire management in the EU
Mystery Ranch, the Montana-based backpack specialist just acquired by Yeti, announces a partnership with Vallfirest, a company specialized in the manufacturing of equipment, tools, and solutions for the extinguishing and prevention of wildfires, to jointly contribute to global wildfire management solutions. As part of this partnership, Mystery Ranch’s firefighting products ...
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Short stops
Short Stops Week 09, 2024
RETAIL & DISTRIBUTION +++ Storck Bikes are now available in South America via the exclusive distribution partner Storck Uruguay, managed by cycling enthusiast Willy Bercetche +++ Rock Gear Distribution, the exclusive Canadian distributor for Primus-Silva Sweden AB, has entered into new agreements with the existing Silva distribution agencies Carrell Agencies, ...
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ArticleFox Factory’s SSG sales drop weighs on the overall result for FY23
While Fox Factory’s former Powered Vehicle Division (split in Q2 2023 into the Powered Vehicle Group (PVG) and Aftermarket Applications Group (AAG)) scored with sales growth, the Specialty Sports Group (SSG), which operates the bicycle product brands Easton Cycling, Fox Suspension, Marzocchi and Race Face, ended up with a two-digit ...
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News briefsFairnamic sets date for Eurobike 2025
The 32nd edition of Eurobike will take place on the grounds of Messe Frankfurt on July 3-7, 2024. Even before its start, Fairnamic announced the date of the following (33rd) edition of the trade show, which will be held on June 25-29, 2025, in Frankfurt. Eurobike 2025 is being brought ...
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News briefsRenewcell expands its Circulose Supplier Setwork
Renewcell, the Swedish textile-to-textile recycler, has announced that 35 new members have joined its Circulose Supplier Network, now totaling 151 members, including spinners, weavers, textile mills, garment manufacturers and more. The latest cohort comprises suppliers with vertical operations (10), yarn spinners (16), garment manufacturers (4), and home and denim textile ...
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News briefsAngling Direct announces 10% sales increase
U.K.-based fishing tackle retailer Angling Direct saw its revenues increase by 10.2 percent to £81.7 million (€95.7m) in its latest financial year to January 2024. Domestic sales grew 9 percent to £77 million (€90.2m), boosted by new store openings in Cardiff and Yorkshire. The company now has 47 stores across ...
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ArticleSports Direct launches Outdoor, starting at Cardiff flagship
British retailer Sports Direct is expanding its range to include outdoor products from Feb. 23, starting at its new Cardiff flagship store in Wales, a 5,580-sqm store that spans across three floors and also features specialist sporting areas for Sports Direct’s football, rugby, and running categories, as well as dedicated ...
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Article‘No air freight,’ says Icebug – and has good reason for it
Swedish footwear manufacturer Icebug has spoken out against air freight in an open letter – despite the current transportation challenges in the Red Sea. The owner-managed company had already set itself the goal of reducing CO2 emissions by at least half by 2030. To achieve this goal, it is essential ...
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ArticleNewell Brands announces changes to the Board
Newell Brands, the Atlanta-based group that owns several consumer goods brands, including outdoor brands Marmot, Coleman, Contigo and Campingaz, announced changes to its Board of Directors. James “Jim” Keane, retired President & Chief Executive Officer of Steelcase Inc., has been elected to the company’s Board of Directors, effective Feb. 15, ...
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News briefsBMC tests short-time work during weak market conditions
Several brands from Central Europe have been struggling after the pandemic. BMC is the latest, as the Swiss bicycle market is also facing hard times. Due to the drop in demand, the company has applied to the Canton of Solothurn’s office for economic and labor affairs for short-time work as ...
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ArticleWolverine progresses with turnaround, but faces further setbacks
Six months on the job, Wolverine Wordwide President and CEO Chris Hufnagel had to oversee changes in many aspects of the group’s overall business, including excess inventory, shedding businesses, lowering debt levels, and improving the supply chain. Progress has been made, but the turnaround will take more time to complete ...
