FINANCIAL RESULTS
+++ Solo Brands Inc. announced updated guidance for its fiscal 2021, expecting revenue in the range of $400 million to $402 million, up from previous guidance of $344 million to $352 million, and adjusted EBITDA in the range of $120 million to $121 million (previously $107 million to $109 million) and mentioned in its investor’s call that it will invest in more acquisitions soon +++
LEGAL & INSTITUTIONAL
+++ On Jan. 12, the German Federal Court of Justice ruled that the tenant of a store that had to temporarily close its business in the Covid lockdown may be entitled to a reduction in rent due to disruption of the basis of the business pursuant to Section 313 (1) of the German Civil Code (BGB), although each individual case must be examined separately +++
+++ The French data protection authority CNIL has fined Google €150 million and Facebook €60 million for complicating the rejection of cookies +++
CSR & SUSTAINABILITY
+++ Timberland has launched its Timberloop take-back program both in stores across the U.S. and online (U.S.), allowing consumers to return used Timberland footwear, apparel and accessories to give them a new life
+++ Berlin-based sustainability consultancy ClimatePartner opened a new office in Paris, managed by Matthew Critchlow, to enhance support for its existing French clients and drive the planned expansion of the company
+++ Finnish sustainable textiles innovator Spinnova has joined the United Nations Global Compact (UNGC), committing to support the initiative’s ten principles, which focus on protecting human rights, eliminating unfair labor practices, preserving natural livelihoods and preventing corruption +++
RETAIL & DISTRIBUTION
+++ Crazy, an Italian performance apparel company focusing on ski touring, opened its first U.S. brand store in partnership with Cripple Creek Backcountry in Carbondale, Colorado
+++ Italian luxury brand Gucci has plans for a brand new series of pop-ups in New York City, Chicago, Aspen and Toronto dedicated to its second collaboration with The North Face +++
CORPORATE AND M&A
+++ Bicycle tire manufacturer Ralf Bohle GmbH, better known by the brand name Schwalbe, has moved its headquarters to a new building in Reichshof, Germany, called “The Hybrid Building,” which has an area of about 2,200 square meters and was built with as many recycled materials as possible
+++ Cloud provider Infor announced that Pentland Brands Ltd, owner of Speedo, Berghaus, Canterbury, Endura, Ellesse, SeaVees and Mitre, has adopted the Infor Nexus supply chain platform to improve inventory visibility, enhance supplier collaboration, automate the critical procure-to-pay process and accelerate the onboarding of new suppliers and partners +++
PRODUCT & MARKETING
+++ Canada Goose has launched a capsule with the same name as its sustainability plan, Humanature, which includes a pledge to accomplish a shift to Preferred Fibres and Materials (PFMs) for 90 percent of the brand’s apparel by 2025, and another pledge to stop using fur by the end of this year
+++ Stockholm-based Bookman Urban Visibility and Craft have collaborated to develop a small and lightweight headlamp for runners
+++ Hoka, a Deckers Brands brand, will be the official sporting goods partner of the historic Mainova Frankfurt Marathon, Germany’s oldest city marathon scheduled to return this year on Oct. 30 after a 2-year Covid hiatus, for five years starting this year
+++ Swiss ingredient brand HeiQ has launched HeiQ Cool, a new dual-action textile cooling technology, that delivers both instant contact cooling and continuous evaporative cooling
+++ Available on 17 styles from U.S. brand Artilect’s winter 2022 collection, YKK’s NFC-enabled Touchlink™ zippers allow access to product, care and warranty information with the tap on your smartphone
+++ U.S. travel and adventure apparel brand Roark, founded by former Volcom designer Ryan Hitzel, and denim icon Wrangler, a Kontoor brand, have partnered to release the Wrangler x Roark Out of Range collection, a collaboration that captures “the courageous and adventurous spirit of the west”
+++ Dometic is supporting the Dakar Press Team, a group of media professionals who officially report from the toughest rally in the world, “Le Dakar,” with durable gear like cooling boxes, power supply, connectivity to solar panels, camera systems and lighting +++
EXECUTIVE CHANGES
+++ Nester Hosiery, a leading U.S. manufacturer of high-performance merino wool socks and parent company of Farm to Feet Socks, has added Chris Bevin to its leadership team as senior vice president of brands and licenses
+++ Costa Sunglasses has appointed John Acosta as vice president of marketing, with a view – according to Justin Cupps, senior vice president – towards expanding the brand and engaging “with our core fans – the anglers, adventurers and explorers who live to be on the water”
+++ As the successor to Bastian Dietz, Alexandra Denker has taken over the position of IAA Mobility Cycling & New Mobility Category Manager at Messe München, also assisting bicycle customers of Outdoor by ISPO +++
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