All Outdoor Industry Compass articles in Volume 14, Issue 14+15 – Page 6
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News briefsThe Renewal Workshop closes $6 million investment round
Secondhand solutions specialist The Renewal Workshop ( TRW ), a B Corp headquartered in Cascade Locks, Oregon, with offices in Amsterdam, has secured $6 million following a successful funding round from investors including Rubio Ventures , Shift Invest , Quadia , Closed Loop Partners , Fashion for Good ...
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News briefsSkylotec acquires Climbing Technology
The German family-owned company Skylotec has acquired the Italian brand Climbing Technology , well-known in alpine mountaineering, sport climbing and high-altitude work and one of the largest European manufacturers of carabiners. With the integration of the two associated production companies Aludesign (Italy) and Securit (Romania), both founded ...
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News briefsInfinited raises €30 million, Adidas among new investors
Finnish circular textile technology company Infinited Fiber Company , which just signed a multi-year distribution agreement for its regenerated textile fiber called Infinna with Patagonia , has secured investments totaling €30 million in its latest financing round closed on June 30. The round also brought Infinited new investors, including ...
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News briefsDometic acquires Büttner Elektronik
Scandinavian Outdoor Group ( SOG ) member Dometic keeps on buying companies internationally: On July 2, it acquired Büttner Elektronik , a German provider specialized in mobile power solutions for the outdoor segment, including solar power solutions, batteries and battery chargers. The company’s 2020 net sales (primarily sold ...
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SponsoredGrowing demand for antimicrobial protection
Swedish firm Polygiene®, the market leader in branded antimicrobial and stay-fresh treated textiles, serving more than 200 global premium brands, has witnessed a big increase in new accounts and interest in product categories beyond apparel.
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News briefsLeki to relaunch with new corporate identity, logo and technologies
Leki , known for its ski, hiking and Nordic walking poles as well as the Trigger system, has unveiled to its business partners a new brand logo and company image after 33 years. From 2022, the new corporate identity is intended to appeal to the entire and very diverse target ...
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News briefsRussia’s bicycle market is still shaken
Russia is still experiencing a shortage of bicycles, while the average price has increased by 10 to 35 percent since the beginning of the year, retailers reported. Russia’s Velograd said the shortage is likely to last throughout 2021, and it will take two to three years for the situation ...
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ArticleAuthentic Brands moves Spyder license to Liberated Brands
Authentic Brands Group ( ABG ) has announced the transition of its core licenses for its ski-focused Spyder brand to Liberated Brands . Under the terms of the new long-term agreement, Liberated Brands will assume outerwear and apparel sourcing, product design, marketing, wholesale, e-commerce and retail store operations ...
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ArticleOrganic cotton reaches record volumes and is projected to grow by 48% this year
The 2019/20 year saw the largest volume of organic cotton fiber harvested globally to date. According to a new report by Textile Exchange , it marked the fourth year in a row that organic cotton production has increased. Furthermore, growth is set “to skyrocket” in 2020/21. The positive trend is ...
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News briefsIcebreaker releases fourth Transparency Report, focuses on plastic-free goals
Icebreaker , a brand of VF Corp. , has released its fourth Transparency Report . A major highlight in the latest edition of the report reveals that 91 percent of the brand’s total fiber composition is now merino or plant-based, up from 87 percent in 2020. Icebreaker forecasts to sell ...
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News briefsDeuter with new key account manager national sales
Source: Deuter Ingo Walkner Ingo Walkner has joined Deuter ’s sales team as national key account manager. Already on Feb. 1, he succeeded Martin Zanker, who has been promoted to head of e-commerce and own retail. In his new role, Walkner, who ...
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Short stops
Short Stops Week 27, 2021
DISTRIBUTION +++ Camelbak has expanded its distribution agreement in France with Royal Vélo France , previously limited to cycling, to all product categories effective July 1st, Sport Guide has reported +++ RETAIL +++ The fifth Sport 2000 Absolute Run store, with nearly ...
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News briefsTNF to phase out its Futurelight logo
The North Face plans to “phase out and discontinue” the logo it introduced in 2019 for its Futurelight line of apparel and accessories. In January, a graffiti artist in New York working under the name Futura filed a lawsuit in California Central District Court alleging that ...
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ArticleSalomon announces sustainability goals around its sports marketing efforts
Salomon is committing to improving the environmental impact of its in-person events, athletes and ambassadors. The brand has outlined specific sustainability-related goals to meet by 2025, touching both the protection of local nature and the overall emissions related to sports marketing. The two-pronged approach around events and athletes ...
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ArticleGlobal bicycle stocks chart Q2 2021:
Still riding the waveDue to the Covid-related closures, the focus in the first quarter of 2021 was still very much on alternative mobility products. This shifted somewhat in the second quarter. Falling infection figures and rising economic data have provided a breath of fresh air. This is leading to a renewed focus on traditional stock values. After all, in Covid times, these were properly beaten down. For example, shares in the automotive sector fell to respective lows below their actual value. The stock market is currently reacting positively to a time without lockdowns and the current efforts of the automotive industry to make its contribution to the mobility revolution with electrification. Global bicycle stocks continue to cruise at great heights but did not perform as extraordinarily in Q2 as they did in the first three months of this year.
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News briefsDeuter uses fabric scraps for new Infiniti line
Source: Deuter Infiniti Dirtbag To put unavoidable production waste to good use, German brand Deuter has launched a new line of stuff sacks, bags and backpacks made from fabric scraps from its regular collection of backpacks and sleeping bags. For this first limited Infiniti ...
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News briefsClarus finalizes acquisition of Rhino-Rack
Clarus Corp. , the Utah-based parent company of Black Diamond and Pieps , among others, has completed the acquisition of Australia-based Rhino-Rack Pty Ltd , which we previously reported . Rhino-Rack will continue to operate independently as a wholly owned indirect subsidiary of Clarus and will form a ...
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News briefsEOCA names the conservation projects of its latest funding round
After receiving more than 250 grant applications in November 2020, an extensive evaluation process, a public and a members-only vote, the European Outdoor Conservation Association ( EOCA ) has named the first projects it will support in its latest fundraising round - more than €185,000 split among seven projects. ...
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News briefsItalian bicycle brand Colnago taps former Selle Royal executive as CEO
Nicola Rosin In October 2020, industry veteran Nicola Rosin announced his departure from the Selle Royal Group . Since then, there have been rumors that he could become CEO of his home country’s legendary road bike brand, Colnago Ernesto C. S.r.l. , which ...
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News briefsKarpos unveils its “Help the Mountains” project
Karpos has announced Help the Mountains , a new initiative based on the donation of 1 percent of the brand’s annual turnover to a series of activities to protect mountains and the environment. The project stems from the Italian company’s desire “to give a name and a home” to ...
