All Outdoor Industry Compass articles in Vol. 16, Issue 2 – Page 11
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News briefsPatagonia, Salomon and others joined by new member in fiber-to-fiber consortium
A fiber-to-fiber consortium founded in 2022 by Patagonia, Salomon, On, Puma, and the green biotech company Carbios, has welcomed a new collaborative partner: Fashion company PVH Corp (which includes brands Calvin Klein and Tommy Hilfiger). According to the consortium agreement, during the two-year collaboration, member brands will test and enhance ...
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News briefsTMC becomes contributor to the Roadmap to Zero program
The Microfibre Consortium (TMC) has now become a part of the ZDHC Foundation’s Roadmap to Zero program. The technical committee of TMC includes representatives from various sectors of the global textile industry, chaired by Phil Patterson, who also serves as chair of the ZDHC MRSL advisory council. The two organizations ...
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News briefsBrain Biotech and AMSilk to develop high-performance bio-based protein fibers
Biomaterial specialist AMSilk, based in Munich, and industry solutions provider Brain Biotech have entered a partnership to accelerate the development of high-performance fibers for the performance materials market. AMSilk produces biotechnological materials based on renewable carbon structural proteins that are fully recyclable, biodegradable and contain no microplastics. The company’s Biosteel ...
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News briefsJohan Svanström to leave RVRC’s board of directors
Johan Svanström informed the board of directors of RVRC Holding AB (RevolutionRace) that he wishes to resign from his position as a member of the board effective Feb. 24, 2023. Svanström is taking on a role as CEO of Rightmove, a U.K. listed company, and is unable to continue his ...
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Short stops
Short Stops Week 8, 2023
FINANCIAL RESULTS +++ U.S. chemical company Huntsman reported Q4 2022 results with revenues of $1,650 million, a net loss of $91 million, adjusted net income of $8 million and adjusted Ebitda of $87 million +++ Despite a weak final quarter, Canadian textile group Gildan Activewear Inc. achieved record consolidated sales ...
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ArticleBike24’s growth FY 2022 driven by expansion into new markets via localized e-stores
According to initial preliminary figures, German cycling, running and swimming online retailer Bike24 Holding AG has closed its fiscal year 2022 with a solid final quarter. In 10-12/2022, sales grew by 2.8 percent to €60 million. Considering that other suppliers in the sporting goods, outdoor and cycling world already began ...
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News briefsFiloFlow and C.L.A.S.S to curate a new sustainability service
At the 59th edition of the Filo international exhibition of yarns and fibers for woven and knitted fabrics for apparel, furnishings and technical textiles, FiloFlow and C.L.A.S.S will together curate a “Sustainability from A-Z” desk, designed to orientate companies in matters of sustainability in textiles. Topics covered include certifications for ...
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News briefsEuropean Parliament calls for an EU Cycling Strategy
The European Parliament has adopted a Resolution calling for an EU cycling strategy. The Resolution on developing an EU Cycling Strategy tasks the European Commission with doubling the number of kilometers cycled in Europe by 2030. Whilst legally non-binding, it is a key document to shape future policy priorities and ...
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News briefsOutdoor Research has a new U.K. partner
Seattle-based Outdoor Research (OR) has announced a new licensing partnership with U.K.-based Brigantes Consulting Limited to launch new products under the OR Pro brand across Europe and the Middle East. Tactical apparel and equipment procurement specialists Brigantes has been a defense supplier to NATO military and elite police units since ...
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News briefsYeti appoints McMullen as CFO
Yeti, the U.S. designer, retailer and distributor of outdoor products, has announced the appointment of Mike McMullen as its senior vice president, chief financial officer and treasurer. McMullen has served as the company’s interim CFO since October 2022. McMullen joined Yeti in 2016 as head of financial planning and analysis ...
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News briefsPolygiene Group restructure, reports Q4 operating loss
Polygiene Group recorded a net loss of 5.1 million Swedish krona (-€480,000) against a profit of SEK 39.0 million (€3.9m) for the period ended Dec. 31. Ebitda came in at SEK 1.9 million, excluding an inventory adjustment, restructuring costs, and expenses related to the acquisition of Biomaster and ending a ...
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ArticleWhat can we expect at the next Performance Days?
Our fabric expert Charles Ross discusses the main trends and issues likely to affect the content of the next Performance Days in Munich.
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News briefsHelly Hansen revenues increase by 21% in 2022
Annual revenues for Helly Hansen, the Norwegian outdoor brand owned by Canadian Tire, were C$781.2 million (€571.1m) versus C$644.9 million. An estimated 91 percent of Helly Hansen’s sales total, or C$710.7 million (€519.6m), was generated in markets outside of Canada. That represented a 20 percent year-over-year increase. Meanwhile, Canadian Tire ...
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News briefsPolygiene with new distributor in China
To accelerate growth in China, the Polygiene Group has signed an agreement with Suzhou Standing TextileTechnologies Ltd (SST), a Jiangsu province-based textile supplier and distributor for national and global brands. Increasing sales by working closely with distributors as sales partners is a key component of Polygiene’s growth strategy in China, ...
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News briefsHuntsman closes sale of Textile Effects division
Huntsman Corporation announced Feb. 15 that it has received all necessary regulatory approvals to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners, previously announced last August. Both parties expect the transaction to close on Feb. 28, 2023. “Our teams have been ...
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ArticleExecutive promotions at Outdoor Research
The Seattle-based outdoor apparel and equipment manufacturer Outdoor Research (OR) has promoted three department heads to new leadership positions. Katarzyna Schoewe has been promoted to vice president of design and product innovation, Chris King to vice president of brand creative, and Alex Lauver to senior director of materials innovation and ...
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ArticleGrassroots organizations invited to apply for #itsgreatoutthere grants of up to €5K
The It’s Great Out There Coalition (IGOT), a not-for-profit collaboration on a European level launched by the EOG and other founding members in 2017, has annnounced the latest round of #itsgreatoutthere grants to support European initiatives that get people active in the outdoors. Through Feb. 28, nonprofit organizations can apply ...
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News briefsThe Lycra Company names new CLO
Source: The Lycra Company Cathy Spicer The Lycra Company has announced that Cathy Spicer joined the company on Feb. 7 as chief legal officer (CLO). Spicer joins the company after most recently serving as CLO and corporate secretary of Tailored Brands, Inc., which includes retailers Men’s Warehouse ...
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News briefsSalomon publishes first impact report
Following its sister company Atomic’s impact statement, Salomon has also published its first-ever annual sustainability report. After a full carbon inventory, the French brand’s science-based targets have been officially approved for 2022 (aiming for a 50 percent absolute reduction in Scope 1 & 2 carbon emissions and a 30 percent ...
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News briefsJack Wolfskin launches new light hiking campaign
With its new campaign ”Hiking Greece – defying the heat”, Jack Wolfskin (JW) introduces its new light hiking collection going to market this summer. At the core of the campaign, a group of hikers travels along historical paths in Greece leading through spectacular landscapes and the characteristic ...
