All Outdoor Industry Compass articles in Volume 14, Issue 13 – Page 4
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News briefsPelican International acquires Advanced Elements
Pelican International Inc. of Québec, Canada, a paddle sports manufacturing group that includes brands such as Pelican , Wilderness Systems , Perception , Dagger , Mad River Canoe , Harmony Gear and Boardworks , has acquired California-based inflatable watercraft pioneer Advanced Elements Inc. through its wholly-owned subsidiary ...
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News briefsDorel Industries closes new $450 million credit facility
Earlier this year – and after lively discussions between Dorel Industries Inc. and its shareholders – the Canadian conglomerate pulled out of the announced going-private transaction. With shareholders clearly expressing confidence in Dorel’s future and the greater potential for Dorel as a public company, the Canadians now announced that ...
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ArticleAmnesty accuses China of crimes against humanity in Xinjiang
Amnesty International has released a 160-page report titled Like We Were Enemies in a War: China’s Mass Internment, Torture and Persecution of Muslims in Xinjiang . Since 2017, Amnesty argues, Chinese authorities have been using “one of the world’s most sophisticated surveillance systems and a vast network of hundreds ...
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News briefsNew budget foot scanner from Aetrex
Aetrex is releasing a 3D foot scanner with two selling points: size and cost. Using a proprietary computer system called FitGenius , the Albert 3DFit will complete a foot scan in “less than 10 seconds” and is accurate within one millimeter. The system then compares the scanned foot ...
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ArticleSupply Chain Act adopted by German parliament, EU to follow up with stricter rules
As expected, the German parliament passed the Supply Chain Act last week. The law, which aims to force companies to take responsibility for human rights abuses such as forced and child labor, forced evictions, oil pollution and land theft within their supply chains, will come into effect on January ...
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News briefs60th Global Fiber Congress in Dornbirn fully virtual
The 60th edition of the Global Fiber Congress ( GFC ) in Dornbirn, Austria, will feature some 90 presentations by international representatives from academic research and industry during a virtual webinar event from Sept. 15 to 17. On all three days, participants can choose one of the two parallel ...
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News briefsVibram’s virtual Mobile Lab Tour 2021 with focus on new eco climbing sole
Source: Vibram The Vibram Sole Factory Mobile Lab continues its virtual tour this year. The project’s mission is to individually enhance the performance of footwear by replacing the old sole with a new one from Vibram. The tour will run from June 14 to 25 ...
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ArticleCotopaxi and Nemo to offer second-hand products in the U.S. through REI
Cotopaxi and New Hampshire-based outdoor gear design company Nemo announced the launch of a new trade-in recommerce program with Trove and U.S. outdoor retail chain REI to provide customers with more options for used gear. Trove develops technology that enables brands to take control of their resale marketplaces to deepen ...
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ArticlePrivate equity firm invests in German bicycle retailer LJB
The private equity firm Borromin Capital has invested in the German bicycle retail chain Little John Bikes GmbH ( LJB ) to drive the retailer’s national growth and to support the company’s further structural and strategic development in the areas of regional presence expansion, corporate acquisitions and the ...
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News briefs
U.S. outdoor industry applauds governmental proposal to expand funding for Great American Outdoors Act
U.S. Outdoor Industry Association ( OIA ) has welcomed the U.S. Departments of Interior and Agriculture ’s Fiscal Year 2022 proposal to allocate $2.8 billion in funding for projects authorized in the Great American Outdoors Act , a landmark conservation legislation. OIA applauded the Biden Administration ’s continued commitment ...
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Short stops
Short Stops Week 24, 2021
RETAIL +++ Luis Trenker will open a new store in Munich in mid-July with a sales area of around 100m² in the prestigious 5 Höfe downtown shopping arcade +++ Danish footwear brand Ecco has opened four outlet shops this spring across the U.S. in Dolphin ...
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ArticleSigna Sports United buys bike e-tailer Wiggle - and plans to go public
Through a merger with Yucaipa Acquisition Corporation , a U.S. special purpose acquisition company, the previously indicated IPO (see SGI Europe ) of Berlin-based Signa Sports United ( SSU ), led by Austrian investor Rene Benko , will now proceed faster than anticipated. According to a projected valuation, the combined ...
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News briefsHoneywell acquisitions fuel Rocky Brands’ fishing and outdoor business
At Baird’s virtual 2021 Global Consumer, Technology Services Conference, Rocky Brands said the addition of the Muck , Xtratuf , Servus , Neos and Ranger brands is pushing the company further into the fishing category and the booming outdoor market in general. Rocky Brands ...
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ArticleRab & Lowe Alpine release first sustainability report
British companies Rab and Lowe Alpine have just published their first official sustainability report (direct PDF download), covering the 2020/21 fiscal year. The two brands owned by Equip Outdoor Technologies have identified four pillars for their CSR efforts: Product , Planet , Partners and People ...
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News briefsAsolo opens new factory in Romania
Already in April, Italian hiking and leisure footwear company Asolo has opened a new factory in Sibiu, Western Romania, in the presence of the president of Asolo Srl, Marco Zanatta , local authorities, international customers and partners. Asolo RO , an Asolo Group company founded 23 years ago, has ...
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