All Outdoor Industry Compass articles in Vol. 16, Issue 5 – Page 8
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Article
Vista Outdoor announces public filing to spin off its outdoor product brands
Vista Outdoor Inc., the parent company of 41 sports and outdoor brands, filed a public registration statement on Form 10 with the Securities and Exchange Commission (SEC) on Sept. 5, 2023, in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, ...
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Article
KSR Group files for court-supervised restructuring proceedings
Austrian two-wheeler wholesaler and importer KSR Group announced on Sept. 6 that it will file for court-ordered restructuring proceedings. Due to increased energy prices, high inflation and the loss of customers’ purchasing power, the economic situation has changed drastically over the past year in the markets served by the family-owned ...
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News briefs
Vertical Pro will feature testings, tryouts and conference program
From Nov. 24-25, 2023, the rope access, working at height and climbing sports trade event Vertical Pro will be held at Messe Friedrichshafen. This year’s show will showcase the synergies between the areas of rope access technology, rescue from heights, bouldering, sport climbing, and high ropes courses. A diverse range ...
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News briefs
Peak Performance reimagines a classic using leftover fabrics
Source: Peak Performance Peak Performance has released a new version of its 10-year-old bestselling down jacket, the Helium Utility Down, with an environmentally conscious twist. The limited edition male and female versions are made from leftover fabric from Peak Performance’s fabric stock. Like other versions of the ...
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News briefs
Thule opens pop-up in Taipei with Hong Kong artist Shawn Yue
In late August, Thule announced the opening of its pop-up store in Taipei’s vibrant Xinyi District. It is located in A13, Far East Departure Store, a prime department store in Taiwan, similar to Galerie Layette in Paris. The temporary store opened on Aug. 25 and will operate until Sept. 17, ...
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News briefs
Lenzing is completing the conversion and upgrade of its Indonesian site
Lenzing Group, the Austrian manufacturer of wood-based specialty fibers, has announced “significant technical improvements” to its site in Purwakarta, Indonesia. The company has invested more than €100 million since 2021 to convert the location into a supplier of specialty viscose fibers, and the completion of the investment is now imminent, ...
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News briefs
Rab to phase out “eco” from product line names
As part of its Material Facts program, Rab has announced on LinkedIn that it will be phasing out the word “eco” from product line names, like that of its Women’s Downpour Eco Waterproof Jacket. The British outdoor company explains the decision: “We haven’t always got it right. We’ve named our ...
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News briefs
McLaren’s electric scooter division acquires troubled e-bike maker VanMoof
Lavoie, the electric scooter unit of F1 engineering and technology company McLaren Applied, has reached an agreement to buy bankrupt Dutch e-bike maker VanMoof. The company also announced that it will invest in stabilizing and expanding the business. Terms of the acquisition were not disclosed, but McLaren Applied Chairman Nick ...
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News briefs
Pon.Bike acquires Italian cycling shoe brand Nimbl
Pon.Bike, the subsidiary of Dutch family holding company Pon Holdings B.V., which has become a leading European cycling company with more than 15 brands, has acquired the emerging premium cycling shoe brand Nimbl, based in Porto Sant’Elpidio, Italy. Details on the sale price were not disclosed. Founded in 2020, Nimbl ...
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News briefs
Renewcell posted revenue surge in Q2, but still reported a net loss
Swedish textile-to-textile recycling innovator Renewcell increased net sales to 84.8 million Swedish kronor (€7.1m) in the second quarter, up from 29.7 million Swedish kronor (€2.5m) in the first quarter of 2023. The company still reported a net loss for the period, although this improved from 125.4 million Swedish kronor (€10.5m) ...
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News briefs
A new international textile fair in Vietnam in 2024
The first edition of the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT), a platform for the entire textile value chain, will take place from Feb. 28 to March 1, 2024, at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City. A joint press ...
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News briefs
Nordica presents new ski touring boot collection
Source: Nordica Unlimited LT 115 W DYN After an intensive development phase and one season after the launch of the new Unlimited skis, Nordica presents the complementing Unlimited ski boot collection. Together with backcountry, touring and freeride athletes, three men’s and three women’s models were created with ...
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Article
Mips acquires 25% in US sensor tech firm
Swedish helmet safety specialist Mips AB has entered into an agreement to acquire 25 percent of Dallas, Texas-based sensor technology company Quintessential Design, Inc (Quin Design) for $7.3 million. Quin is an ingredient brand for event detection technology and has been providing specialized sensor fusion and software for helmet brands ...
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Article
Pierer reports strong H1 sales and revenue, PTWs offset bicycle sales
Pierer Mobility AG achieved record sales of EUR 1.39 million in the first six months of the year (+20.2 percent compared to the first half of the prior year). This result is mainly due to the excellent development of the PTW (Power Two-Wheelers = motorcycles and e-bikes) business. Group-wide, around ...
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News briefs
New CEO for Spinnova
Source: Spinnova Tuomas Oijala Finnish sustainable materials company Spinnova’s Board of Directors has appointed Tuomas Oijala as CEO, effective January 1, 2024. Oijala comes from a long and successful career at Kone Corporation, a Finnish industrial company listed on the Helsinki Stock Exchange and one of the ...
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Article
Von Dewitz chosen as CEO of “Female Allstar Board”
Source: Vaude Antje von Dewitz presents the certificate on the election as CEO of the Female Allstar Board For the third time, German business magazine Handelsblatt and the consulting firm Bain & Company chose outstanding female players in business for the Female Allstar Board. The initiative aims ...
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News briefs
CamelBak announces new initiatives in connection with Dacia UTMB Mont-Blanc
CamelBak, the California-based specialist for personal hydration products, has announced new events and activities in its partnership with Dacia UTMB Mont-Blanc. CamelBak has been the official hydration partner of the Dacia UTMB Mont-Blanc since 2016. To celebrate the iconic race, CamelBak has announced the first “Redefine Limits Run Challenge” through ...
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News briefs
Oeko-Tex: 2022/23 was a “fantastic year”
Oeko-Tex has published its latest Annual Report, calling 2022/2023 “a fantastic year.” The report highlights the milestones of the past business year. Overall, the Oeko-Tex Service GmbH issued more than 43,000 certificates and labels between July 1, 2022, and June 30, 2023, an increase of 21 percent compared to the ...
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Article
New Swedish Wool Standard paves way for sustainable textile industry
Half of the wool produced in Sweden ends up in waste, while Swedish brands in fashion, outdoor and home textiles are actively seeking sustainable textile materials. In response, The Swedish Wool Initiative is introducing the first Swedish classification system for wool. The new Swedish Wool Standard simplifies the sale and ...
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News briefs
First MADE Bicycle Show in Portland a success
The first MADE Bicycle Show, an exhibition of handmade bicycles and community involvement, was held Aug. 24-27 in Portland, Oregon, with resounding success. The event featured two trade visitor days followed by three consumer days. When the gates closed, MADE was recognized as the largest handmade bicycle event in the ...