CORPORATE AND M&A
+++ Climashield, a Tennessee-based manufacturer and developer of continuous-fiber insulation that works with outdoor brands such as Arc-Teryx, Black Yak, Tilak, Eddie Bauer and others, has been acquired by Crown Capital Investments, a Georgia-based private equity firm
+++ After 21 years on the Nasdaq Stock Market, Garmin has transferred trading to the New York Stock Exchange
+++ MoonBikes, a French electric snow bicycle company founded by Nicolas Muron in 2018, is expanding into the U.S. and opening its American headquarters in Boulder, Colorado
+++ Emerald Holding, the U.S.-based organizer of the Outdoor Retailer and Surf Expo trade shows, among others, has completed the acquisition of MJBiz, a U.S. event producer and content platform serving a wide range of companies operating in the cannabis industry, for $120 million in cash plus potential earnouts
+++ Québec-based Dorel Industries announced on Jan. 4 that it has completed the previously announced sale of Dorel Sports, its bicycle and only remaining sports segment including the Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse brands, to Dutch Pon Holdings for $810 million
+++ L.A.-based Platinum Equity announced on Jan. 3 the completion of its previously announced acquisition of Pelican Products, a U.S. manufacturer of protective cases for professionals and outdoor enthusiasts +++
EXECUTIVE CHANGES
+++ The board of directors of Japanese fiber company Teijin Limited has elected Akimoto Uchikawa, currently executive officer and member of the board, as its next president and CEO, taking office in April
+++ Compass Diversified has appointed Alex Bhathal, founder and managing partner of RAJ Capital Management, to its board of directors, expanding it to nine members +++
PRODUCT & MARKETING
+++ Australian sock and thermal layer manufacturer Le Bent has added snowboarder Xavier De Le Rue to its international pro team
+++ More than 4,500 health and fitness pros surveyed by the American College of Sports Medicine (ACSM) identified wearable tech as the new top trend in fitness for 2022
+++ Atomic opened its first Ski Mountaineering Experience Center on the Iberian Peninsula on Dec. 27, 2021, in La Massana, Andorra, with a two-day touring academy camp
+++ The North Face has announced a collaborative collection with Brooklyn-based artist XX KAWS to kick off 2022, resulting in “unique prints and designs emblazoned onto an array of timeless pieces,” including the 1996 Retro Nuptse Jacket, accessories and other styles for women, men and youths +++
DTC & E-COMMERCE
+++ By opening a virtual store in Ethereum-based Ceek City, H&M has become the first-ever clothing retailer in the metaverse +++
CSR & SUSTAINABILITY
+++ Klean Kanteen and the Arbor Day Foundation, the largest nonprofit organization in the U.S. dedicated to planting trees, announced a partnership that will plant one tree on U.S. soil for every Klean Kanteen bottle with a special tree design sold on arborday.org +++
RETAIL & DISTRIBUTION
+++ With a new focus on “discovering and experiencing sports” and the new claim “Discover what moves you,” French sporting goods supplier Decathlon aims to further expand its brand awareness in Germany and transform itself from a specialty retailer to a sports platform +++
TRADE SHOWS & EVENTS
+++ Due to the current development of the Covid-19 pandemic, the winter edition of the German trade show for sustainable textiles, Innatex, will not take place as planned from Jan. 21 to 23 at the Messecenter Rhein-Main but later in February, if the situation permits +++
ADVENTURE TRAVEL
+++ New for winter 21/22, Ikon Pass – U.S.-based Alterra Mountain Company’s combined ski pass offering for ski resorts and heli-skiing around the world – has introduced Ikon Pass Travel, a travel planning service that offers pass holders the ability to seamlessly explore options and book all aspects of adventure across Ikon Pass destinations +++
OBITUARY
+++ Superfeet’s founder and insole innovator, Dennis Brown, passed away on Dec. 31, 2021, at age 96 +++
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