Solo Brands reports Q4 loss on impairment charge
A goodwill charge of $249 million related to its Solo Stove, Oru and Isle businesses negatively impacted Solo Brands’ Q4 results. The operating loss was $240.8 million against an operating profit of $26.8 million for the three months ended Dec. 31. The Q4 net loss was $210.9 million against a ...
Sympatex unveils new sustainability initiatives and collaborations
Sympatex is poised to make a significant impact at the upcoming Performance Days event. One of the standout features of Sympatex’s presence at the event will undoubtedly be its collaboration with E.dye, a renowned leader in sustainable textile dyeing solutions.
German outdoor retailer McTrek files for insolvency again
German retailer McTrek (most recently with 17 stores in Germany) filed for insolvency at the Hanau District Court on March 11. This is the second insolvency in just four years for the outdoor specialist, which has been operating for over 20 years.
CamelBak and Grofa launch hybrid distribution model in Germany, Austria
The Petaluma, California-based specialist for hydration systems and water bottles CamelBak has announced that Grofa Actions Sports GmbH will be its new distribution partner for Germany and Austria from April 1, taking over from the brand’s previous partner, Hartje.
Second Bergans outlet store in Germany opened
Bergans of Norway has opened its second outlet store in Germany. In addition to the Designer Outlet Soltau, where Bergans has been operating for over 12 years, the Norwegian outdoor brand has opened a new store in the Designer Outlet Neumünster on Friday, March 15. Verena Pierza is responsible for ...
Spinnova reports disappointing FY, announces new strategy and job cuts
Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff.
Polartec aims to make a difference with ‘Beyond Begins Today’
Since inventing the first fleece made from recycled plastic water bottles in 1993, Polartec, a Milliken & Company brand, has upheld its steadfast promise to protect the environment and is doing everything to make the goal of “zero waste” a reality – from using 100 percent recycled and plant-based materials ...
INOV8 set to open new store and coffee shop in York, England
British running, walking and fitness brand INOV8 is preparing to open a new store and café in the city center of York in England on March 16. Located on High Ousegate, the new store will create six new jobs and fill a property previously occupied by Costa Coffee.
Thermore introduces new, partially recycled stretch insulation
Milan-based Thermore Group has unveiled its new Freedom stretch insulation, which it describes as its most dynamic stretch insulation in the company’s five decades of innovation. According to the manufacturer, Freedom is made from 50 percent recycled polyester and offers ample stretch while providing warmth for a variety of applications, ...
Buff revises revenues for FY 2022-23
Buff, as Palco23 reported back in September, reported consolidated revenues of €48.2 million for its full year 2023, which ended last April. Buff has since revised the figure to €47.8 million, as the same source reported in February. Either way, there was a decline from the €49.6 million of FY ...
New CEO for knife maker Morakniv
Richard Jägrud, who has been CEO of Silva (Primus Silva Sweden AB) for the past seven years, has been appointed the new CEO of the Swedish company Morakniv AB, effective May 15, 2024. The previous CEO, Johan Burtus, left the company after three years in February 2024. Prior to Silva, ...
Ethicamper: New 'fair' online store for outdoor enthusiasts and campers
Elisa Fuchs and Patrick Lenzbauer from Graz, Austria, have launched a sustainable, German-language online store for outdoor enthusiasts, called Ethicamper. Environmentally friendly materials, produced as locally as possible and in a resource-saving manner: “Ethicamper offers a carefully selected range of products and solutions for a better future,” says the company. ...
REI to offer non-gendered own-brand products to promote inclusivity in the Outdoors
US retail chain REI Co-op announced the launch of its new spring line of gear and apparel, which also includes the brand’s first non-gendered apparel assortment for adults. Additionally, REI shared plans for its in-house brand to move beyond a gender-specific designation where it makes sense. As part of this ...
EFTA and India sign trade and economic partnership agreement
On March 10, the European Free Trade Association (EFTA) countries – Iceland, Liechtenstein, Norway and Switzerland – and India signed a Trade and Economic Partnership Agreement (TEPA). The landmark agreement between India and EFTA will bring significant economic benefits, such as better integrated and more resilient supply chains, new opportunities ...
Archroma introduces wet fastness enhancer for long-lasting colors
Archroma, the Swiss provider of dyes and specialty chemicals, has introduced Albafix Eco Plus, a new wet-fastness improver that is meant to help brands and mills produce durable textile products with long-lasting colors without compromising on quality or introducing hazardous chemicals.
Swedish researchers develop completely recycled viscose
Viscose textiles are typically made of biomass from the forest and fully recycled viscose is not available. Researchers at Lund University in Sweden claim they have now developed a technique to produce new viscose from worn-out cotton sheets. In Sweden, old textiles are usually burned to produce district heating. Extensive ...
Slimmed down Clarus focused on outdoor, adventure
Having completed the divestiture of its former Precision Sport business on Feb. 29, Clarus Corp., the parent of Black Diamond, Rhino-Rack, Maxtrax and Tred Outdoors, says it has taken important steps to realign its brands and inventory levels and position its business for “long-term profitable growth as a pure-play, ...
Coats sees rebound in footwear, albeit destocking lags behind apparel sector
Coats expects modest revenue growth in 2024 as its markets started to recover in the second half of last year, helping it to deliver higher 2023 profits. The British group, which makes threads and components for the footwear and clothing industries, said destocking of inventories by footwear customers had lagged ...
Snow Peak’s lofty FY24 goals will be chased as private company
Snow Peak, the upscale Japanese camping business, which went public a decade ago, will reportedly go private through a management-led buyout with Bain Capital as a partner in a deal valued at approximately ¥50 billion (€310m). The pending transaction was first reported several weeks ago by multiple outlets, including Mergermarket ...
Jack Wolfskin presents first styles with recycled outer materials
When the textile industry talks about recycled materials, it usually refers to synthetic fiber yarns made from recycled plastic bottles. Jack Wolfskin also uses recycled polyester. However, the German outdoor company also wants to create a genuine circular system and has been working on producing new, functional items of clothing ...