All Outdoor Industry Compass articles in Volume 10, Issue 22-23 – Page 4
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Article
Invista sells apparel & advanced textiles business
Invista has entered into a definitive agreement with Shandong Ruyi Investment Holding, a Chinese textile group, to sell Invista's apparel & advanced textiles business, one of Invista's four major business units. The transaction includes well-known brands such as Lycra and Coolmax, among others, while it does not include Cordura, which ...
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Article
Pentland reorganizes for efficiencies and possible acquisitions
Pentland Brands is rationalizing the management of its various brands in the U.K. by closing two offices in Stockport and Wakefield, which currently host the operations of its two team sports brands, Canterbury and Mitre, respectively. These operations are set to be moved to Speedo's existing international headquarters in Nottingham ...
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News briefs
Naglev, the new Italian brand formed by Achille Morlin and...
Naglev, the new Italian brand formed by Achille Morlin and his daughter Elettra, has received its first order from a Korean distributor, which also represents Stanley, for an initial lot of 500 pairs of its sustainable shoes. Achille Morlin, the former owner of Garmont, is handling its production in China. ...
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News briefs
Messe München is organizing a new conference next summer about...
Messe München is organizing a new conference next summer about the digital transformation of the sporting goods sector at large. As earlier this year, when Ispo Munich held a similar conference during the show, Adidas will participate in the event, along with other speakers. A firm date has not yet ...
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News briefs
Bridgedale has donated 500 technical socks to The Outward Bound...
Bridgedale has donated 500 technical socks to The Outward Bound Trust, an educational charity which works with schools and youth groups in the U.K. The donation will help young people attending the Trust's center in Aberdovey, Wales. The Outdoor Bound Trust offers young people skills development courses through learning and ...
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News briefs
Compass Diversified reported a 40 percent drop in the quarterly...
Compass Diversified reported a 40 percent drop in the quarterly Ebitda of 5.11 Tactical, where the implementation of a new ERP system slowed operations, leading to a 4 percent drop in sales to $72.0 million. Lower operating results were also reported for Liberty Safe, whose sales declined by 23 percent ...
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Short stops
Lowa and Schöffel have opened their 32nd dual-branded store in...
Lowa and Schöffel have opened their 32nd dual-branded store in Nuremberg, measuring 190 m², through a franchisee who is affiliated with Intersport Germany
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News briefs
Arc'teryx has opened its largest store in Japan. Covering 286...
Arc'teryx has opened its largest store in Japan. Covering 286 square meters in the Sakae shopping area of Nagoya. The Canadian brand has also reopened a 5,000-square-foot store in Montreal, following its renovation.
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News briefs
On Jan. 25-28, the new Outdoor Retailer + Snow Show...
On Jan. 25-28, the new Outdoor Retailer + Snow Show in Denver will occupy all of the three floors of the Colorado Convention Center. It will feature dedicated sections such as Venture Out for the outdoor sector; Luxe for premium and luxury snow and outdoor apparel; a Scandinavian Village; and ...
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News briefs
Pentland has been honored with the 22nd annual Global Family...
Pentland has been honored with the 22nd annual Global Family Business Award by IMD, a top-ranked business school. The group received the award on the occasion of the 28th Summit of the Family Business Network International (FBN-I), which took place in Gran Canaria on Nov. 8-11. The Global Family Business ...
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News briefs
Schoeller Textil has won the Design Preis Schweiz 2017/18 in...
Schoeller Textil has won the Design Preis Schweiz 2017/18 in the textile category for its heated E-soft-shell. The award was announced in Langenthal, Switzerland on Nov. 3. According to Schoeller's description, E-soft-shell is an electrically heated fabric which can be cut to size without affecting the embedded technology. This technology ...
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News briefs
Amer Sports has substituted a €150 million credit facility with...
Amer Sports has substituted a €150 million credit facility with a five-year, €200 million amendment and replacement of its revolving credit line. Amer has also received notification that Allianz Global Investors has a stake of 5.01 percent in the Finnish-based group.
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News briefs
Goldwin moved to a comprehensive net profit of 1,681 million...
Goldwin moved to a comprehensive net profit of 1,681 million yen (€12.7m-$14.8m) in the first half ended Sept. 30 from a loss of ¥1,126 million. Excluding extraordinary items, the earnings doubled to ¥1,065 million (€8.1m-$9.4m) as the gross margin rose by 2.3 percentage points to 47.7 percent thanks to a higher proportion ...
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News briefs
Omega Pacific is recalling about 1,900 G-First series aluminum carabiners...
Omega Pacific is recalling about 1,900 G-First series aluminum carabiners in the U.S. because they can break while in use. They were sold between February and October this year at U.S. specialty stores and online at prices of $31 to $51.
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News briefs
Amer Sports is repurchasing up to 10,000 of its own...
Amer Sports is repurchasing up to 10,000 of its own shares until next March 7. Meanwhile, Bruno Sälzer, who was elected chairman of the board last March, has been buying shares in the company as well.
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News briefs
Eurazeo has announced the sale of 8,500,000 shares of Moncler...
Eurazeo has announced the sale of 8,500,000 shares of Moncler S.p.A. through its subsidiary ECIP M S.A. at a price of €24.48 per share, for a total amount of around €208 million. As a result of the sale, ECIP M S.A. will hold 5.31 percent of the share capital and ...
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News briefs
Ruffwear has announced a donation of more than $20,000 to...
Ruffwear has announced a donation of more than $20,000 to three non-profit animal shelters in central Oregon. The funds will be split among the Brightside Animal Shelter in Redmond, the Humane Society of the Ochocos in Prineville, and the Three Rivers Humane Society in Madras. The money was raised during ...
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