The latest news, analysis and data on corporate strategic initiatives, the latest mergers and acquisitions, IPOs, insolvencies and cooperations in the outdoor industry.
Spinnova reports disappointing FY, announces new strategy and job cuts
Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff.
Klean Kanteen acquired by Think Better Group
Klean Kanteen, a family- and employee-owned company known for reusable stainless steel beverage and food containers, has been acquired by the Think Better Group in partnership with the ABN AMRO Sustainable Impact Fund.
Georgina Kirby: "At Kari Traa we resonate with women"
Discover how Kari Traa’s General Manager navigates gender equality, community-building and the empowerment of women.
Ambitious Spanish cycling app gets an update
In its quest to become the one-stop shop in cycling platforms, All in Biking is releasing an update of its app that CEO José Julio Becerril believes will make it “the world’s most complete and versatile” for cyclists and hopes will raise its usership to 1 million, according to CMDsport.
Vista Outdoor rejects unsolicited offer from MNC Capital
Vista Outdoor announced on the morning of March 4, 2024 that its Board of Directors, after consultation with its financial and legal advisors, has rejected the unsolicited expression of interest from MNC Capital in which MNC expressed an interest in acquiring Vista Outdoor in a cash transaction for $35 per ...
Vista Outdoor receives takeover bid of $2.9bn for entire group
Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...
Norwegian investor acquires Cake after bankruptcy
Espen Digernes, a Norwegian investor and CEO of Brages Bilforretning AS, a Toyota and Lexus dealership in Ålesund and Kristiansund, Norway, has acquired Cake, according to Swedish newspaper Breakit.
MyStromer moves Desiknio Bikes production to Poland
This year, Desiknio Bikes, the Spanish sister brand of S-pedelec brand Stromer under the roof of Swiss MyStromer AG, is taking off with a new production partner. Since January, all Desiknio models have been painted and assembled by the Polish manufacturer Kross S.A. in Przasnysz, 110 kilometers north of Warsaw. ...
Sustainable Apparel Coalition rebrands
The Sustainable Apparel Coalition (SAC) announced its rebranding as Cascale. The apparel, footwear and home textile industry’s alliance for sustainable production continues to act as a global nonprofit alliance that empowers collaboration to drive equitable and restorative business practices in the consumer goods industry.
Renewcell files for bankruptcy
After the Swedish textile recycler postponed its annual report for the second time for economic reasons, the Board of Directors decided on Feb. 25 to file for bankruptcy of Re:NewCell AB (Renewcell). The bankruptcy petition will be filed with the Stockholm District Court.