Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou, says it is looking for new customers as it will no longer do business as of September with a client that accounted for 87% of its business in the past year
Austria’s second-largest bicycle producer, Simplon Fahrrad , has set the course for further growth: the company’s parent, Simplon Holding , has just acquired a property formerly owned by Vorwerk Austria , only 90 meters from Simplon’s premises. It will be handed over on April 1, 2021. No details were given ...
Garmont International , the Vedelago, Italy-based manufacturer of outdoor and tactical footwear, has announced that Italian Strategy Private Equity ( ISPE ), managed by Riello lnvestimenti Partners , has acquired a 65 percent stake in the company’s share capital. The transaction is expected to be completed by the end ...
Late, but not too late, the German family-owned company Brose Fahrzeugteile came up with the electrifying idea to transfer its long experience as a supplier of electric motors for the automotive industry to the e-bike industry. In 2014 – when e-bikes were already gaining momentum – the company started ...
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