All Outdoor Industry Compass articles in Volume 14, Issue 13
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PDF NewsletterOutdoor Industry Compass: Vol 14 - No 13
Anta Sports publishes profit warning | bd-capital invests in shopping club SportPursuit | Signa Sports United buys bike e-tailer Wiggle - and plans to go public | Colonna takes the helm at K2-MDV | Eagle Creek to be shut down in fall for financial and strategic reasons | Munich trade shows possible from September, including OutDoor by ISPO | Sasta wins Scandinavian Outdoor Award for plus size jacket | Pentland’s report on modern slavery exposes critical supply chain practices | Supply Chain Act adopted by German parliament, EU to follow up with stricter rules | Private equity firm invests in German bicycle retailer LJB | Amnesty accuses China of crimes against humanity in Xinjiang | EOG Partner Page
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News briefsOutdoorsy raises $120 million to support accelerated marketplace growth
Outdoorsy , a global online RV rental and outdoor travel marketplace, announced that it has raised $120 million in equity and debt financing. The $120 million raise includes a $90 million private placement equity round led by Moore Strategic Ventures , ADAR1 Partners , Monashee Capital , SiriusPoint Ltd and ...
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News briefs
Facebook tests AI for store interaction with Instagram
Facebook said it plans to test an artificial intelligence tool in the coming months. Called “visual search,” it would allow Instagram users to click on the photo of a shared item and find similar products in its Facebook Shops application. The company said it would also introduce ...
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News briefsHerrmans Bike Components with new CFO
Source: Herrmans Oy Shayekh Ahmed, CFO On January 1, 2020, Finnish company Herrmans Oy Ab had officially reorganized itself by splitting the business of its two divisions Bike Components and Worklights into two independently operating companies. Since then, the Finnish group has been working ...
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ArticleBergfreunde and the reduction of e-commerce’s carbon footprint:
“We are pioneers”Germany-based Bergfreunde GmbH ( bergfreunde.de ), part of the U.S.-based Backcountry Group (backcountry.com), is an online-only retailer selling outdoor clothing and equipment in a total of 14 European markets. In 2020, it generated sales of €155 million. In April , Bergfreunde joined the Science Based Targets ...
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News briefs
Jones Snowboards hires Martijn Linden as VP Softgoods for apparel line
With the hiring of industry veteran Martijn Linden as new VP of softgoods, California-based Jones Snowboards is making it clear that the launch of the brand’s new apparel line, slated for fall/winter 2021, is not meant to be a flash in the pan. After careers at Armada , ...
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News briefsStock market newcomer USWE relies on Polygiene technology for new running vests
Swedish outdoor and sports brand USWE is launching a partnership with Polygiene , also from Sweden, to offer running vests that fight odor and last longer. USWE specializes in bounce-free backpacks and hydration packs for mountain biking, running, skiing and motorsports. With the Pace™ 2 and the Pace™ ...
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News briefsPierer E-Bikes recruits two former Magura executives to its management
Source: Pierer E-Bikes GmbH Olaf Müller Pierer E-Bikes GmbH (brands GasGas Bicycles , Husqvarna E-Bicycles , R Raymon ), the bicycle and e-bike subsidiary of Austrian two-wheeler specialist Pierer Mobility AG , has strengthened its management team with two former Magura managers. While ...
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News briefsRevolutionRace completes successful IPO
Swedish outdoor company RevolutionRace , founded in 2013 by Pernilla and Niclas Nyrensten , completed its IPO on Nasdaq Stockholm on June 16 at a valuation of 8.47 billion Swedish kronor (about €838m-$1bn). It is quite rare for a new company to be listed on the Nasdaq Stockholm stock ...
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News briefsBrandan Hoffmann will be Wolverine’s new CEO
Source: Wolverine Worldwide Blake Krueger (left) and Brendan Hoffman Blake Krueger is gradually relinquishing his duties at Wolverine Worldwide , where he worked for 28 years, most recently as president and CEO since 2007 and additionally as chairman since 2009. Brandan Hoffmann , who ...
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News briefs
IOC reveals details of Olympic forest project in Africa
The International Olympic Committee ( IOC ) has announced the details of its project to plant an Olympic Forest in Mali and Senegal, part of the IOC’s climate-positive strategy. The project will involve planting about 355,000 native trees across around 90 villages in the two neighboring African states, ...
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News briefs
USWE starts trading on Nasdaq First North Growth Market
Swedish company USWE Sports AB , founded in 2007 and specializing in jump-free backpacks and hydration packs for mountain biking, running, skiing, and motorsports, will go public on the Nasdaq First North Growth Market on June 24. Earlier this month, the company had completed its offering to the general ...
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ArticleStudy shows cross-border online shopping habits of Europeans
Cross-Border Commerce Europe ( CBCommerce ), a Brussels-based platform promoting cross-border online commerce in Europe, has examined and evaluated the 16 strongest European countries in terms of both consumer behavior and business performance in cross-border online shopping that generated sales of €146 billion in 2020 (excluding the travel segment) in ...
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News briefs
Oberalp names Marion Alexandre head of Southern Europe
The Oberalp Group has appointed Marion Alexandre as general manager of Southern Europe, effective June 1. Alexandre will be in charge of the territories of France, where she has taken over the role from Pierre-Jean Touchard , as well as Spain, Portugal and Andorra. Most recently, Alexandre served as ...
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News briefs
La Sportiva opens store in Cortina
La Sportiva has opened a new store in Cortina d’Ampezzo, in the heart of the Dolomites. It is the 11th brand store La Sportiva in Europe. The store, located at Corso Italia 198, sells products for both winter and summer sports, including climbing, trail running, mountaineering and trekking. In ...
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ArticleSasta wins Scandinavian Outdoor Award for plus size jacket
In an online ceremony hosted by the Scandinavian Outdoor Group ( SOG ), two Finnish companies were among the six winners of the Scandinavian Outdoor Awards for Spring/Summer 2022: Sasta (based in Nurmes) and Halti (headquartered in Vantaa, Lapland). Source: Sasta ...
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News briefs
Merrell and artist Latasha Dunston create Outdoors for All capsule
For its latest collaborative collection, the “ Outdoors for All ” collection of footwear, apparel and accessories, Merrell teamed up with artist Latasha Dunston from Colorado to create looks designed to inspire diversity and representation in the great outdoors. For the shoes, Dunston reimagined Merrell’s popular Antora 2 ...
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News briefsMaker of Empel molecular water protection secures $3.5 million in financing
Following a successful Series A round, New Mexico-based Green Theme Technologies, Inc. ( GTT ), a developer of sustainable and water-free textile technologies, reached its goal of $3.5 million in its first Series B closing. The funds raised will be used to further develop its sustainable platform technologies, including ...
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News briefsGoPro allows third-party developers to integrate Hero9 Black into their solutions
GoPro has just announced a new open API for third-party developers/apps called Open GoPro that will allow them to integrate with their cameras, starting with the GoPro Hero9 . The API (Application Programming Interface) enables a range of functions via wireless interfaces, including control as well as media ...
