All Outdoor Industry Compass articles in Vol. 16, Issue 6
View all stories from this issue.
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ArticleClarus sells Precision Sport segment
Salt Lake City-based Clarus Corp., the parent company of the outdoor and overlanding brands Black Diamond, Rhino-Rack, Maxtrax and Tred Outdoors, announced on Dec. 29, 2023, that it has entered into a definitive purchase and sale agreement to sell its Precision Sport segment, which consists of the company’s Sierra Bullets ...
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News briefsBleed enters insolvency
Despite intensive efforts, Bleed has not been able to find a solution for its continuation to date, the company announced in a newsletter issued shortly after Christmas. As a result, the sustainable outdoor brand from southern Germany will be insolvent from January 2024. Since the team around owner Michael Spitzbarth ...
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ArticleCOP28: Outdoor industry puts reconnecting with nature and physical activity on agenda
Read here how COP 28 went for representatives from the sporting goods and outdoor industry.
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ArticleSuccessful reorganization and realignment of Pierer subsidiary Syntace
Syntace GmbH, the umbrella company for the Syntace brand, a manufacturer of high-quality bicycle components, and Liteville, a manufacturer of high-end bikes, primarily in the mountain bike segment, has successfully completed a comprehensive restructuring since Pierer Industrie AG (PIAG) took over the majority rights in 2022. The ...
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ArticleDevold commits to SBTi
The Norwegian brand Devold has recently committed to setting its climate targets in line with the Science Based Targets Initiative (SBTi). This important commitment is the result of an internal decision to halve the company’s greenhouse gas emissions by 2030 and reduce them to zero by 2050. The SBTi supports ...
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ArticleEMPOCA: Connecting Black youth with nature and creating future leaders
After meeting Anthony Owosekun at the European Outdoor Summit 2023 (EOS) in Berlin, where he presented the non-profit organization he founded, it is a heartfelt matter for us to introduce him and his NGO to our readers who could not attend EOS last fall. Source: Jasmin Valcarcel / ...
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News briefsGreen Week: Deuter donates €7,000 to Patron Plasticfree Peaks
Instead of promoting consumption through discounts, Deuter has once again made a sustainability statement this year during Green Week. The German company has donated 10 percent of its online sales from Nov. 20-26, 2023, to the non-profit organization Patron Plasticfree Peaks, which campaigns for a clean environment, raising a total ...
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ArticleWorldly launches next generation of environmental impact assessments, Higg FEM 4.0
Worldly, in partnership with Sustainable Apparel Coalition (SAC), has announced the launch of Higg Facility Environmental Module 4.0 (Higg FEM 4.0). To help companies address pressing climate issues and meet growing regulatory requirements, the environmental assessment is now aligned with global carbon frameworks. The new version features numerous design enhancements ...
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ArticleEOG members vote to join Race To Zero
Participation in a Race To Zero initiative by the end of 2024 will become a mandatory requirement for membership of the European Outdoor Group (EOG). In a process open to all members of EOG, 88 percent of those voting voted in favor of the proposals recommended by the EOG Board ...
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News briefsMillet opens new concept store in the heart of Paris
French brand Millet has inaugurated a new store in Paris. The “Millet Camp De Base” (French for base camp), a new retail concept dedicated to the greatest names in mountaineering, is located at 10 rue du Vieux Colombier in the elegant 6th arrondissement. The 260-sqm store celebrates Reinhold Messner, Walter ...
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News briefsManagement transition at Dale of Norway and Woolland
After a record year for Dale of Norway, Anette Juel Knudtzon is leaving the company after 6 years as CEO of Woolland AS as well as 4 years as CEO of Dale. On Feb. 1, she will take over as CEO of IsaNor Invest. According to Norsk Sportsbransjeforening, Dale of ...
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News briefs66°North opens US headquarters, announces executive appointments
66°North, an Iceland-based sustainable outerwear brand, is opening a US headquarters in New York City as part of its global expansion plans. Justin Warren has been named Sales Director for North America, where he will also establish the New York office and oversee the launch of wholesale in the US ...
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News briefsRenewcell secures €9m capital injection for short-term liquidity
Swedish textile-to-textile recycling company Renewcell has entered into two short-term loans with its main shareholders, H&M Fashion AB and Girincubator AB, and – through waivers and amendments to the company’s existing financial agreements – with its existing lenders BNP Paribas, European Investment Bank (EIB), Nordea Bank Abp and AB Svensk ...
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News briefsRapala buys remaining shares in DQC International, takes over 13 Fishing
Rapala VMC has acquired James Coble’s remaining 40 percent stake in DQC International, the owner of the 13 Fishing rod and reel brand. The Finnish company, which has been distributing 13 Fishing rods and reels outside the US for almost four years, had increased its stake in DQC to 60 ...
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News briefsHanwag appoints Senior Sales Manager for Germany
The hiking and mountaineering boot manufacturer Hanwag, part of Fenix Outdoor AB, is expanding its sales team in Germany.
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News briefsCoDi receives $75.2m equity investment
Compass Diversified (CoDi), the Connecticut-based owner PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, completed a $75.2 million private placement offering of approximately 3.6 million of its common shares to an Allspring Global Investments mutual fund for $21.18 per share. “We are thrilled to receive this substantial investment from Allspring,” commented ...
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News briefsHövding files for bankruptcy
The Board of Directors of Hövding Sverige AB has decided to file for bankruptcy. The bankruptcy application has been submitted to Malmö District Court on December 21, 2023. As reported before, the reason for the bankruptcy application is that the Swedish Consumer Protection Agency on Nov. 1, 2023, imposed a ...
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News briefsWolverine Worldwide appoints Chief Supply Chain Officer, Zwiers to leave company
Wolverine World Wide, Inc. has announced the appointment of Bishu Jayaram to the newly created position of Chief Supply Chain Officer. In this position, he will be responsible for global sourcing, distribution, logistics and integrated planning – a critical role in the company’s ongoing transformation into a consumer-centric growth company. ...
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ArticleDevold works with software company Celsia to facilitate sustainability reporting
Due to the Corporate Sustainability Reportive Directive (CSRD), a new European directive on sustainability reporting, the outdoor wool clothing brand Devold of Norway started a collaboration with the Norwegian software company Celsia in early December to simplify its sustainability reporting and thus ensure the competitiveness of small and medium-sized companies. ...
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News briefsTCA names 2023 Confluence Grantees
The Conservation Alliance (TCA), a US coalition of like-minded member organizations working to protect wilderness and natural areas, announced the recipients of its 2023 Confluence Grant Program: Alabama River Diversity Network, Battery Island Drive Neighborhood Association, People of Red Mountain and Northern Chumash Tribal Council. The Confluence Grant Program, which ...
