All Outdoor Industry Compass articles in Volume 14, Issue 12 – Page 2
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ArticleNew boss and new structures for Dachstein’s parent
Juha Luhtanen , 51, became the new managing director of the Luhta Sportswear Company on May 4, taking the place of his older brother, Vesa Luhtanen , who has retired after many years at the helm of the Finnish-based family-owned company, previously known as the L-Fashion Group . The ...
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News briefs
UPDATE: RevolutionRace goes public
According to ehandel.se, RevolutionRace from Sweden has published its prospectus and IPO price on June 7 (we reported earlier). The latter lands at SEK 75 (€7.44-$9.06) per share, which corresponds to a market value of just under SEK 8.5 billion (€843m-$1.02bn). Founders Pernilla and Niclas Nyrensten, who currently own 34 ...
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News briefsMediaplus runs first climate-neutral TV ad calculated and offset with “Green GRP”
German advertising agency Mediaplus , part of the Serviceplan Group , is drawing attention to an issue that has received little attention in the industry: the carbon footprint associated with the production and distribution of advertising. To mark June 5, the UN’s World Environment Day , the agency launched the ...
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News briefsCypad Group with new CEO
In early April, investor PM Partners SGR S.P.A. and its PM Partners III Fund became majority shareholders of Cytech S.r.l. (aka Cypad Group ). The Italian investor announced at the time that it wanted to strengthen the existing management team around the well-established Cytech founding duo, Marino ...
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News briefsPinterest brings shopping functions to Australia, Canada, France and Germany
The Pinterest photo app wants to become more of a shopping platform internationally. After the U.S. and U.K., the company’s shopping functions will now also be available in Australia, Canada, France and Germany. Users will thus have the opportunity to buy products directly via pins, pinboards and search results. ...
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News briefsEU modernizes VAT rules for international online trade
New EU tax rules for orders placed with non-European online retailers will come into force at the beginning of July. The most important change is the elimination of the previous exemption limit of €22 for direct (B2C) imports. This means that import VAT will be due on all packages, ...
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News briefsPexco with name change and new organizational structure
Now that Austria-based Pierer E-Bikes GmbH ( GasGas Bicycles , Husqvarna E-Bicycles and R Raymon brands ) and Germany-based Pexco GmbH have grown together into a successful organization after nearly a year and a half under the umbrella of Austrian two-wheeler giant Pierer Mobility AG ( ...
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News briefs
Livall’s EVO21 crowdfunding campaign has surpassed $300,000
Livall has announced that the campaign for the official launch of its EVO21 smart helmet on Indiegogo has now raised over $300,000 thanks to more than 2,100 backers. As previously reported , the campaign debuted on Indiegogo on May 13, and Livall plans to start shipping the ...
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News briefsWolverine Worldwide expects strong second quarter
Ahead of investor meetings to be held during the virtual Baird 2021 Global Consumer, Technology, and Services Conference on June 8, Wolverine World Wide, Inc. today provided a business update stating that the company expects second-quarter 2021 revenue to exceed second quarter 2019. The company noted that its ...
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News briefsAbus Group acquires Italian helmet manufacturer
German preventive safety expert August Bremicker Söhne KG (aka Abus Group ) has agreed to acquire Italian helmet manufacturer Maxi Studio . The plan is to fully integrate the manufacturer into the group of companies. No details were given about the sales price. Source: ABUS ...
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ArticleBike and sports e-commerce retailer Bike24 plans to go public in 2021
In September 2019, private equity firm The Riverside Company bought back German e-commerce retailer for cycling, outdoor, fitness and swimming products, Bike24 GmbH , from British cycling e-commerce giant Wiggle CRC . Riverside had sold the continental European cycling online platform to the British industry giant in 2017. However, ...
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News briefsKathmandu signs more green credit facilities
Kathmandu Holdings , which owns the Kathmandu , Rip Curl and Oboz brands, has already been recognized as a certified B Corp. The company has now refinanced its credit facilities with two others where the borrowing costs are linked to the achievement of certain targets for reduced carbon ...
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News briefsNew global sales and e-commerce managers at Smartwool
In preparation for the upcoming retirement of Smartwool VP U.S. sales, Scott Bowers , the company has just announced two changes to its top management team. Corey Stecker , who was promoted to international general manager of sales and marketing last January, has been named global head of ...
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News briefsTNF under fire from U.S. oil industry after rejected clothing order
SGB Media reports that U.S. oilfield company Liberty is using billboards around Denver, a website and videos on YouTube and Twitter to pillory The North Face ( TNF ) for hypocrisy. Last December, the outdoor apparel company turned down an order from Innovex , a ...
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ArticleSurvey: Generation Z embraces second-hand movement to live more sustainably
According to a recent study by Depop, a popular e-commerce platform for second-hand fashion, and management and business consulting firm Brain & Company, the shopping behavior of the so-called Generation Z – born between 1997 and 2012 – is not only, but predominantly driven by the desire to live more ...
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ArticleOutdoor brands validate claims to “B” good through B Corp certification
Companies that prioritize people, the planet, and profits can expect to benefit from the vast amount of wealth handed down from baby boomers to millennials.
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News briefs
New British Cycling Show in June 2022
Raccoon Events, the U.K.-based company behind events such as the National Running Show, National Snow Show or National Outdoor Expo, announced today that it is adding another consumer event to its portfolio: The National Cycling Show, scheduled for June 18-19, 2022, at the NEC in Birmingham. The ...
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ArticleZumiez sales more than doubled
In its Q1 ended May 1, Zumiez, the U.S. action sports retailer whose assets include Blue Tomato in Europe, beat financial analysts’ forecasts, increasing its global sales 102.6 percent to $279.1 million. This resulted in a net profit of $26.4 million for the quarter, compared to a net loss of ...
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News briefs
Banff Italia presents the 9th edition of the Banff Centre Mountain Film Festival
Banff Italia has announced the calendar and cities for the 9th edition of the Banff Centre Mountain Film Festival , the event dedicated to films that celebrate outdoor spaces and nature. In Italy, the screenings of the 11 films of this year’s edition will debut on June ...
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News briefs
MacNeill Pride Group, the new owner of GCI Outdoor, with new CEO and board
MacNeill Pride Group (MPG) appointed Keith Bornholtz as its new CEO. MPG is a portfolio company of Centre Partners , a middle-market private equity firm. Bornholtz, who has more than 30 years of experience in branded consumer products, joins MPG from Central Garden Pet , where ...
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