RETAIL & DISTRIBUTION

+++ Eiger Adventure, an Indonesian outdoor brand (founded in 1989) that is specializing on eco-conscious product solutions and plans for an expansion in its South Pacific home area in the coming years, has opened its first-ever international store in Interlaken, Switzerland

+++ Panorama Diffusion will distribute the Vickywood and Croozer brands in Italy +++

 

EXECUTIVE CHANGES

+++ Rab and Lowe Alpine hired industry veteran Adam Chamberlain, previously U.S. sales manager and the first U.S.-based employee at Norrøna Sport, as U.S. country manager +++

 

FINANCIAL RESULTS

+++ S&P Global Ratings lowered its long-term issuer rating on Newell Brands to BB+ from BBB- and its commercial paper rating to B from A-3 as the company’s fiscal 2023 earnings and cash flow forecasts are significantly below previous expectations due to weak macroeconomic conditions and ongoing inflationary pressures +++

 

CORPORATE AND M&A

+++ Craft announced it is switching from a manual pallet rack warehouse to a fully automated warehouse with 30 robots and 8 gates in the company’s existing premises in Ulricehamn, Sweden +++

 

PRODUCT & MARKETING

+++ Mystery Ranch Backpacks, Cordura and Dior have teamed up for a capsule collection of men’s bags, backpacks and accessories made from the fully recycled Cordura re/cor RN66 range of fabrics and marketed under the name ”Mystery Ranch x Dior” using Dior’s distribution channels

+++ Saucony has become the main sponsor of the Dolomiti Extreme Trail (DXT) in a new two-year agreement starting from this year’s edition on June 9-11 in Italy’s Dolomites

+++ In order to make the safety benefits of the Bosch eBike ABS system available to a larger circle of e-bikers, Bosch eBike Systems is now cooperating with the Taiwanese brake specialist Tektro in addition to Magura +++

+++ Houdini’s short video „stop counting” (a clip that is based on just the natural sounds occurring during a trail run) is nominated for the communications award Guldägget (gold egg), a competition that covers all creative branded communication, including package design, digital solutions, storytelling or advertisements

+++ Sock specialist Darn Tough Vermont has announced its partnership with pro sit skier Trevor Kennison, who will join the company’s lineup of athletes and help develop the brand’s styles with a focus on the snow category +++

 

TRADE SHOWS & EVENTS

+++ The international sustainable textile summit Planet Textiles 2023, organized by the Sustainable Apparel Coalition (SAC), will be held on June 12 and 13 during the Textile & Garment Technology exhibition ITMA 2023 in Milan (June 8 – 14) +++

 

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