All Outdoor Industry Compass articles in OIC Vol. 17, Issue 2 – Page 9
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ArticleAmbitious Spanish cycling app gets an update
In its quest to become the one-stop shop in cycling platforms, All in Biking is releasing an update of its app that CEO José Julio Becerril believes will make it “the world’s most complete and versatile” for cyclists and hopes will raise its usership to 1 million, according to CMDsport. ...
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News briefsClass action against Dick’s Sporting Goods
A class-action lawsuit has been filed against US retailer Dick’s Sporting Goods (DSG) in the Western District of Pennsylvania. It alleges securities fraud in the C-suite – specifically misrepresentations of the company’s prospects, especially with respect to inventory and the consequences of its excess, before the release (on Aug. 22) ...
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ArticleTeva celebrates 40th anniversary with ‘Where to Next?’ campaign
Born in the Grand Canyon in 1984 by a resourceful river guide looking for a way to prevent sandals from floating downstream, US outdoor footwear brand Teva introduced the world to the first sport sandal. To celebrate this major milestone, the brand, a division of Deckers Brands, has introduced its ...
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ArticleEOG publishes annual report 2023, second consecutive year of membership growth
The European Outdoor Group (EOG), founded in 2003 by 19 outdoor companies, has published its annual report following its online Annual General Meeting, where members were presented with a detailed report on the association’s activities and achievements in 2023, culminating in the successful vote to make participation in a Race ...
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News briefsCarbios and Landbell Group team up to increase circularity of PET waste
Source: Carbios Carbios, the French specialist in biological recycling based on enzyme technologies, and Landbell Group, a provider of closed-loop recycling solutions, have signed a non-binding Memorandum of Understanding for the sourcing, preparation and recycling of post-consumer polyethylene terephthalate (PET) waste using Carbios’ biorecycling technology at its ...
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News briefsArc’teryx’s Covent Garden flagship now open
Arc’teryx opened its new flagship store in London, announced last year, on Feb. 29. The store is located in a refurbished landmark building at 41-42 King Street in Covent Garden and spans 740 square meters. It offers a wide range of technical equipment, footwear and accessories for trail running, climbing, ...
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News briefsFenix Outdoor acquires 30% of its Czech retail partner
Fenix Outdoor, the international outdoor equipment and apparel company based in Zug, Switzerland, since 2014 but listed on the Stockholm Stock Exchange due to its Swedish roots, has acquired a 30 percent stake in Arctic Fox s.r.o., its retail partner operating six Fjällräven stores and an online business in the ...
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ArticleVista Outdoor rejects unsolicited offer from MNC Capital
Vista Outdoor announced on the morning of March 4, 2024 that its Board of Directors, after consultation with its financial and legal advisors, has rejected the unsolicited expression of interest from MNC Capital in which MNC expressed an interest in acquiring Vista Outdoor in a cash transaction for $35 per ...
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News briefsFrasers Group revives Wiggle in strategic acquisition deal
Frasers Group, the parent company of Sports Direct, has made a strategic move with the acquisition of online bike retailer Wiggle and saved the company from insolvency following the collapse of Signa Sports United (SSU). The acquisition expands Frasers Group’s already diverse portfolio of cycle brands, which includes Evans Cycles ...
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Article50th IWA again No.1 destination for international hunting & shooting sports industry
International business was thriving at the 50th-anniversary edition of IWA OutdoorClassics. This year, the leading trade show for the hunting and shooting sports industry was once again the number one destination for international business contacts. According to roto organizer NürnbergMesse, around 40,000 visitors from 120 countries guaranteed full halls. The ...
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ArticleMajor progress in ski boot recycling; collaboration must be next
Source: Dalbello Dalbello LIFE ReSkiBoot Italian ski boot brand Dalbello celebrated the conclusion of its EU-funded LIFE ReSkiBoot project this February. The stated aim of this LIFE project was to produce and market 1,000 high-quality, competitive ski boots made from around 90 percent recycled secondary raw materials. ...
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Short stops
Short Stops Week 10, 2024
PRODUCT & MARKETING +++ The Italian brand Bianchi extends its partnership with RCS Sport as the official sponsor of the Granfondo Strade Bianche, which will bring more than 7,000 participants to Siena, Italy, on Sunday, March 3 +++ In February, RECCO and CamelBak launched the Apex Pro running vest, the ...
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ArticleBergzeit supports POW with €12,000 from returned products sale
With its second-hand store “Bergzeit RE-USE,” started in 2022, the mountain sports specialist from southern Germany wants to contribute to significantly increasing the product life cycle of clothing and equipment. “In a joint campaign with Protect Our Winters, we called on mountaineers in winter to sell their used mountain sports ...
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ArticleVista Outdoor receives takeover bid of $2.9bn for entire group
Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...
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News briefsOdlo migrates online business to Scayle
Sportswear brand Odlo has chosen Scayle’s enterprise commerce platform to future-proof its online business. The launch of Odlo’s new online presence is planned for early 2025. The move to Scayle will provide the Swiss-based functional apparel manufacturer with a flexible and expandable e-commerce platform optimized for B2C brands and retailers. ...
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News briefsADAP joins Afydad
Spain’s Association of Fishing-Tackle Distributors (ADAP), a non-profit, has joined the Spanish Association of Sporting-Goods Manufacturers and Distributors (Afydad). Spain – says Afydad, citing the government – has about 1.5 million extant fishing licenses. The Fishing and Casting Federation’s rate of issuance has been increasing of late, and licenses issued ...
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ArticleNorwegian investor acquires Cake after bankruptcy
Espen Digernes, a Norwegian investor and CEO of Brages Bilforretning AS, a Toyota and Lexus dealership in Ålesund and Kristiansund, Norway, has acquired Cake, according to Swedish newspaper Breakit. The Swedish manufacturer of electric motorcycles had to file for bankruptcy in early February after the exit of a major investor ...
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ArticleRocky Brands’ Q4 sales drop 9.3% due to unexpected headwinds
Rocky Brands reported sales of $126.0 million in the fourth quarter of 2023, down by 9.3 percent compared to the year-earlier but still an improvement on the previous quarter and the slowest rate of sales decline for the year. Sales were down by 6 percent when service brand sales, divested ...
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ArticleCoDi believes inventory will become tailwind in 2024
After a difficult 2023, where inventory destocking negatively impacted results at its four outdoor-related businesses, Compass Diversified (CoDi) is banking on a “much higher level of growth” for many of its consumer businesses this year. Additionally, the group, which has eyes on more companies and brands in its portfolio, says ...
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ArticleMyStromer reports sustainable growth in 2023
Despite the major hurdles that the bicycle industry had to overcome last year – overstock, liquidity bottlenecks, etc. – bicycle supplier MyStromer AG was able to score points. Without disclosing detailed sales figures, the Swiss manufacturer of the Stromer and Desiknio brands closed FY2023 with consolidated sales growth of 10 ...
