USWE acquires Oregon-based Giant Loop, opens U.S. subsidiary
Swedish company USWE Sports AB has agreed to acquire U.S. companies Giant Loop LLC and Armadillo Bag LLC, among the most successful brands in the soft-bag segment for the off-road market in the U.S. The fixed acquisition price totals approximately $3 million, of which roughly $1.5 million will be paid ...
Fox Factory publishes first global sustainability report
In time for World Environment Day, Fox Factory – based in Georgia, USA – released its first sustainability report for 2021. The report includes the results of the company’s first materiality analysis, which led to the development of the Fox Factory Frontiers sustainability strategy. The publication summarizes the current state ...
All European Dometic production sites now powered by renewable energy
Dometic has entered the next phase in implementing the company’s sustainability strategy. The program covers the next three years until 2024. For an overview of the program and its goals, visit the sustainability section of dometic.com.
Cake appoints EV strategist to board of directors
Cake, the Swedish manufacturer of lightweight electric motorcycles, has announced the appointment of Peter Bardenfleth-Hansen to its board of directors. Bardenfleth-Hansen, who recently became CEO of Norwegian charging station manufacturer Zaptec, brings many years of experience in the electrification of transportation and its greater ecosystem. Among other things, he led ...
Cake appoints Jens Stark as chief commercial officer
Cake, the Swedish manufacturer of lightweight electric motorcycles, has appointed Jens Stark as chief commercial officer. Stark will lead the continued expansion of Cake’s sales team globally and take the sales organization from start-up to scale-up. He joins Cake from Apple, where he held several sales and business development leadership ...
New networking format for urban mobility during Eurobike
Urban mobility is the central focus of the new Mobility Networking Night in Frankfurt. The event will take place on July 14, 2022. The stated goal: “The event will provide a framework to explore cross-industry synergies with other relevant urban mobility players.”
Clarus open to buy more “Super Fan” brands after record year
Clarus Corp., whose expanding portfolio now includes seven brands and three operating segments, generated a 99 percent increase in fourth-quarter net income to $14,046,000 from $7,069,000 on 56 percent topline growth to $118,183,000 from $75,947,000 for the period ended Dec. 31. Sales increased by 34 percent in the U.S. to ...
L Catterton acquires Taxa Outdoors
Taxa Outdoors, a Texas-based manufacturer of lightweight, mobile habitats for outdoor adventure, today announced that it has been acquired by the Growth Fund of L Catterton, reportedly the largest global consumer-focused private equity firm. L Catterton is a former investor in Sweaty Betty or Peloton and currently owns 8.4 percent ...
Fox Factory easily passes $1 billion sales mark in 2021
Despite Covid-related production outages at some OEM customers, suspension specialist Fox Factory Holding Corp. posted a 45.9 percent increase in sales in fiscal 2021 to $1.299 billion (€1.15bn). Bicycle products alone accounted for 44.6 percent of total sales. With these good sales figures under its belt, the U.S. company also ...
Another automotive giant enters IBD market with new Lucien bike store chain
Belgium’s largest car importer, D’Ieteren Group SA/NV, is strategically expanding its mobility activities to include bicycles. With the launch of a chain of bicycle shops under the name Lucien, the automotive giant is now including bicycles “as an essential component of tomorrow’s multimodal mobility” in its portfolio.
Porsche gathers even more e-bike power
After unveiling its first e-bike under the Cyklær brand with partner Storck Bicycle in 2021 and acquiring a majority stake in e-bike manufacturer Greyp Bikes the same year, Porsche continues to invest in its non-automotive future, particularly in the fast-growing e-bike market. The Stuttgart-based sports car manufacturer has now announced ...
Mips Q4 net sales rise despite supply constraints & China factory slowdowns
The Swedish helmet safety technology provider Mips reported a 41 percent rise in net sales during the fourth quarter, despite supply chain constraints and power restrictions on factories in China. The specialist in “brain protection” said net sales for the three months to Dec. 31 rose to 198 million Swedish ...
Thule sees continued sales growth while margins are squeezed by higher costs
The Swedish-based Thule Group saw sales rise by 15.0 percent in the fourth quarter of 2021 to 1,846 million Swedish kronor (€177.5m) as demand for its outdoor products remained strong. However, margins were squeezed by “significant” cost increases compared to the year earlier. On a currency-adjusted basis, sales went up ...
Pierer Mobility prepares listing on prime market of Vienna Stock Exchange
Austrian two-wheeler specialist Pierer Mobility AG intends to apply for admission to trading in the top segment (Prime Market) of the Vienna Stock Exchange on March 1, 2022. This step is intended to meet the great investor interest in Austria and abroad.
Winners of OR’s fourth annual Innovation Awards
The winners of the fourth Outdoor Retailer Innovation Awards were announced Jan. 27, 2022, during the OR Snow Show in Denver, Colorado. Eddie Bauer’s new BC Flyline Jacket and Bib, developed in close collaboration with alpine sit-skier Trevor Kennison to meet the needs of adaptive skiers, were named Product of ...
Clarus appoints GM for Rhino-Rack USA
Utah-based Clarus Corp. has appointed Greg Heichelbech as the new GM of Rhino-Rack USA, the U.S. branch of Australian overlanding company Rhino-Rack, which Clarus acquired in the summer of 2021.
USWE hires product manager for softgoods
Swedish company USWE Sports AB, which was founded in 2007 and went public on the Nasdaq First North Growth Market in June 2021, has hired Erica Brodin as its new product manager softgoods for the USWE and Void brands. She has 15 years of product development experience with brands such ...
Pierer Mobility records strongest growth with e-bikes
According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...
MacNeill Pride Group rebrands as Gathr Outdoors
After acquiring several outdoor brands over the past two years, U.S.-based MacNeill Pride Group (MPG) quickly began to crystallize a growing commitment to outdoor sports and related activities. In addition to the acquisitions of the Orca, GCI Outdoor, Klymit and Rightline Gear brands, the appointment of CEO Keith Bornholtz and ...
Clarus invests further in the Overlanding segment
Following its purchase of Rhino-Rack, Clarus Corp, the Utah-based parent company of Black Diamond and Pieps, has now bought Maxtrax, the group’s second brand in the “off-road vehicle accessories” sector. The segment has now been integrated into the group under the title “Overlanding.” Like Rhino-Rack, Maxtrax is an Australian company. ...