All Outdoor Industry Compass articles in Vol. 16, Issue 3 – Page 2
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News briefsFormer Gymshark CEO backs UK-based responsible outdoor brand
The UK’s responsibility-driven outdoor brand Passenger has formed partnerships with consumer-specialist investment firm Growth Partner and former Gymshark CEO Steve Hewitt to drive international growth. Growth Partner, which is backed by Chairman Richard Harpin, has invested £15 million (€17.2m) to acquire a minority stake, whilst Hewitt has also invested alongside ...
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News briefsFox Factory Group hires new CFO
Fox Factory Group, the U.S.-based supplier of products for bicycles, off-road vehicles and motorcycles, has hired Dennis Schemm as its new chief financial officer to replace the retiring Maggie Torres. Schemm has more than 25 years of experience in finance, with a deep skill set that includes financial risk management, ...
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ArticleBetter Cotton Conference addresses livelihoods and traceability
Better Cotton, the world’s largest cotton sustainability initiative, will hold its annual conference next month, June 21-22, in Amsterdam, the Netherlands. The event, to be held at the Felix Meritis, will bring together more than 300 industry stakeholders representing all stages of the supply chain – in person and online.
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News briefsPatagonia with new GM EMEA
Source: Patagonia Nina Hajikhanian Patagonia has appointed Nina Hajikhanian as its new General Manager for the EMEA region. She succeeds Matthijs Visch, who took over the post in April 2021 from Ryan Gellert, who moved into the role of global CEO of the holding company Patagonia Works ...
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News briefsPatagonia and YKK work with innovative chemical technology to deploy circularity
Erca, an Italian chemical company “with a responsible DNA,” Patagonia and YKK have successfully applied Erca’s Revecol, a sustainable, innovative chemical agent, to YKK’s dyeing processes at its manufacturing sites in Vietnam. Revecol transforms common waste materials like spent vegetable cooking oil into a certified, safe, high-performance textile chemical. Driven ...
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ArticleEU outlines its position on the destruction of unsold textiles
The latest news from Brussels will affect how clothing brands deal with “waste” stock. On May 22, 2023, the Council of the EU formally adopted its position on the proposed regulation establishing a framework for setting ecodesign requirements for sustainable products. The new regulation, which will replace the existing 2009 ...
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ArticleNew co-chair of The Fashion Pact hails from H&M
H&M Group’s CEO Helena Helmersson has been appointed co-chair of The Fashion Pact, succeeding the global CEO-led industry initiative’s co-founder, Kering Chairman and CEO François-Henri Pinault. Pinault had launched The Fashion Pact at the 2019 G7 Summit upon the invitation of French President Emmanuel Macron. The Fashion Pact represents one-third ...
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ArticleAs TNF and DTC continue to grow, VF Corp. has a turnaround strategy in place
VF Corp., which has begun a rigorous six- to 12-month process to find a new CEO, says it has a plan in place that will improve its sales and profitability fortunes over the next 12 months. It centers on continued growth for its The North Face (TNF), EMEA, and direct-to-consumer ...
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News briefsLenzing and textile machinery supplier Karl Mayer announce partnership
Karl Mayer Group, a German supplier of textile machinery, and Lenzing Group, the Austrian manufacturer of wood-based specialty fibers, have entered into a strategic partnership to create a more environmentally friendly textile value chain. The collaboration is intended to increase the proportion of plant-based, biodegradable and fossil-free materials used in ...
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News briefsDates for World Cycling Forum announced
The date for the fourth edition of the WFSGI’s World Cycling Forum has been announced. The event will take place on Sept. 5 and Sept. 6, 2023, in Munich, Germany. The event has once again been timed to coincide with the IAA Mobility Show (Sept. 5-10), with all World Cycling ...
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ArticlePrimus and Silva with joint sales subsidiary for Germany, Austria
After Silva Sweden AB acquired 100 percent of the shares in Primus AB from Fenix Outdoor AB on April 28, 2023, the two Swedish outdoor brands are operating as one company under the name Primus-Silva Sweden AB. For the German and Austrian markets, Primus-Silva Sweden AB is now establishing a ...
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News briefsJohnson Outdoors expands board of directors
Johnson Outdoors, the U.S. parent company of a portfolio of fishing, diving, camping and watercraft brands, including Jetboil, Old Town, Eureka! and Ocean Kayak, announced the appointment of Jeffrey M. Stutz, chief financial officer at MillerKnoll, Inc., as an independent director of the company, effective May 23. Stutz joins the ...
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News briefsFrasers reportedly interested in ProBikeKit
Frasers Group PLC, owner of Sports Direct, is in talks to acquire ProBikeKit, Sky News reported last Monday. ProBikeKit is an online seller of bike components, accessories and apparel and would pair well with Fraser’s Evans Cycles online and retail chain, which it acquired out of bankruptcy in 2018. ProBikeKit ...
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News briefsMeta receives record fine and ordered to stop exporting Facebook's EU user data
Meta (formerly Facebook) has been hit with a formal suspension order requiring it to stop exporting user data from the European Union to the U.S. for processing. The European Data Protection Board (EDPB) announced on May 22 that Meta Platforms Ireland Limited has been fined €1.2 billion by the Irish ...
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News briefsMontane bolsters sales in Austria and Germany
The British manufacturer of outdoor and running clothing Montane is working with trading agency Ulf Rörup from Neuss to service the west and parts of central Germany with immediate effect. Rörup has been working as a sales representative in the sports sector for many years and has represented several brands, ...
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News briefsHelinox opens new creative center in Tokyo
Helinox, the maker of lightweight, packable outdoor furniture, recently opened its new Helinox Creative Center (HCC) Tokyo. Located in the Harajuku district and celebrating the brand’s 10th anniversary in Japan, HCC Tokyo is the first Helinox flagship location outside its home country of South Korea. HCC Busan, South Korea, opened ...
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News briefsAtsko with new German distributor
Source: Atsko Fenix GmbH, based in Hückelhoven, will act as general importer for the products of US manufacturer Atsko on the German market from Aug. 1, 2023. The Sno-Seal, Sports-Wash and Water-Guard cleaning and care products from Atsko are already well established in the German and European ...
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ArticleRegistration for EOS 2023 now open
Delegate registration for the European Outdoor Summit (EOS) 2023 in Berlin, Germany, on Sept. 28-29 is now open. Early bird rates are available until June 21 (see below), and members of the European Outdoor Group (EOG) and the Federation of the German Sporting Goods Industry (BSI) are eligible for an ...
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News briefsEU’s textile industry is more exposed to global pressures than ever before, new report suggests
The European Apparel and Textile Confederation (Euratex) has released its “2023 Spring Report,” which analyses the latest trade flows for textiles and clothing products. In 2022, EU trade in textiles and clothing exceeded the €200 billion mark for the first time in history. This was mainly driven by a sharp ...
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ArticleMips: Progressive supply chain strategy to reduce carbon emissions, new test facility in China
Mips, the Swedish helmet-based safety technology specialist, has unveiled its work on a holistic strategy that includes a model to determine and address carbon emissions generated during product development. This represents an opportunity for the company to better address its environmental impact. Because Mips outsources the manufacturing of its products, ...
