CORPORATE AND M&A
+++ Industrial thread manufacturer Coats has acquired Texon, the specialist footwear materials developer that supplies the global footwear market with structural components like insoles, heel counters and other materials (more in SGI Europe)
+++ JDH Capital Company of Houston, Texas, announced the acquisition of Oregon-based Pure Archery Group, a leading manufacturer of premium archery products known until 2020 as Bowtech, which owns and operates several leading archery brands, including Bowtech, Diamond, Excalibur, Black Gold, TightSpot, RipCord and Octane +++
TRADE SHOWS & EVENTS
+++ The autumn edition of Functional Fabric Fair Portland, scheduled to take place on Oct. 26-27, will include a new pavilion dedicated to footwear +++
PRODUCT & MARKETING
+++ Swedish electric car brand Polestar has unveiled the “Allebike Alpha Polestar Edition“, a handmade mountain bike with custom components, manufactured by Swedish bicycle manufacturer Allebike, a family-owned company, in a limited edition of 100 units and priced at around €9,500 per bike
+++ WNDR Alpine, the outdoor brand launched by advanced materials company Checkerspot, is officially releasing its first two snowboards: the BelleAire and the BelleTour splitboard, the first boards on the market featuring the brand’s AlgalTech materials derived from microalgae oil +++
RETAIL & DISTRIBUTION
+++ The travel division of U.S. retail co-op REI is changing its name from REI Adventures to REI Experiences
+++ Arc’teryx is opening its first Canadian ReBird Service Center in its brand new 360-sqm store at the Toronto Eaton Centre mall (220 Yonge St) to be opened on July 16 – the brand’s 17th retail store in Canada and its fourth in Toronto +++
EXECUTIVE CHANGES
+++ Kokopelli, a Colorado-based manufacturer of inflatable packrafts, has hired Kyle Rajaniemi, most recently of Yeti Cycles, as director of marketing, who will oversee brand growth, content creation, event strategy and e-commerce
+++ Pelican Products has named Mike Davis CEO of its Peli BioThermal division, the life science industry’s partner from discovery to distribution
+++ Spanish cycling retail brand Bici Escapa has appointed José Luís Pardo, the former general manager of the Comet Group, as its new general manager
+++ Guido Dohm, previously in the management of the children’s bike brand Woom as well as of the outdoor brand Jack Wolfskin, has taken the lead at the German lifestyle online store for urban cyclists, Paul & Prediger +++
LEGAL & INSTITUTIONAL
+++ OBJ reports that the Seattle Office of Labor Standards has accused Patagonia of violating a city law that requires employers to post work schedules at least two weeks in advance and fined the outdoor company $55,000 +++
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