All Outdoor Industry Compass articles in Volume 14, Issue 9 – Page 3
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OpinionDigital is here - but what is it missing for the Ingredient Sourcing Industry?
The one positive thing agreed is that Covid-19 has accelerated the transformation to digital. It has offered more than a stop-gap solution, but has it provided a complete solution? If this question had been asked 18 months ago, everyone had made plans for a digital version this decade, but not ...
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News briefsVF Corp. appoints new CFO
Source: VF Corp. Matt Puckett VF Corp. has appointed Matt Puckett to the position of executive vice president and chief financial officer. He will report to VF’s CEO, Steve Rendle , and serve on the company’s executive leadership team. Puckett joined VF ...
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ArticleKTM Fahrrad announces several strategic investments
Austria’s leading bicycle manufacturer, KTM Fahrrad , is considered one of the European pedelec pioneers and the largest location for electric mobility in its home country. For this purpose, the domestic market leader now even self-generates electricity. To ensure high product quality under the “Made in Austria” seal, all investments ...
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News briefs
Anta’s controlling shareholder plans to divest a 3.3% stake in the company
Anta International Group Holdings has agreed to sell a stake of approximately 3.26 percent in Anta Sports Products , of which it is the controlling shareholder, according to a company announcement dated April 21. The sale of 88 million shares in the company for HK$11.57 billion (€1.24bn-$1.49bn) will reduce ...
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News briefs
European Parliament to vote on Brexit deal April 27
On April 27, the European Parliament will vote on the post-Brexit trade deal agreed between the EU and the U.K., its spokesman, Jaume Duch, said on Twitter. EU lawmakers are expected to clear the deal, which faces an end-April deadline for approval and was backed last week by parliamentary committees. ...
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News briefsSurvey: German outdoor customers remain loyal to stationary retail
Schöffel has published the results of a representative survey conducted in collaboration with YouGov . According to the results, the current popularity of online retail in the apparel industry is likely to be put into perspective, at least in the outdoor market, due to the Corona restrictions following the ...
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News briefsElevate Textiles sets green goals for 2025
U.S.-based fabric and components company Elevate Textiles (owner of yarn supplier Gütermann and fabric company Burlington , among others) has just released its 2021 Sustainability Report, focusing primarily on water management, energy management, waste reduction, and sustainable product development, in line with the relevant UN Sustainable Development Goals ...
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News briefsThule’s momentum continues through Q1
Everything is going well for Swedish Thule Group . In an interim report, it published sales for the first quarter that soared by 45.5 percent from the year-ago quarter to 2,538 million Swedish kronor (€250.7m-$301.6m) or by 56.0 percent in constant currencies. Net income jumped to SEK 447 million ...
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News briefs
Teijin, JGC and Itochu sign licensing deal for polyester chemical recycling technology
Japanese companies Teijin Limited , JGC Holdings Corporation and ITOCHU Corporation have signed a joint agreement for the licensing business of polyester chemical recycling technology from discarded polyester textile products. The agreement brings together Teijin’s proprietary chemical recycling technology with JGC’s expertise derived from its global engineering business ...
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News briefsHaglöfs aims for net zero in 2030; points out deliberate blurring in communication
On this year’s Earth Day , Swedish outdoor brand Haglöfs joins the growing number of companies calling themselves “climate neutral” by unveiling their new climate strategy: Aiming to reduce their emissions by 50 percent over the next decade and reach net zero by 2030, while taking “full responsibility ...
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News briefsPolartec’s parent company releases third annual sustainability report
Milliken Company , the owner of Polartec , has released its third annual sustainability report, titled “Together for Tomorrow.” The report, which analyzes Milliken’s performance through the lens of its holistic sustainability efforts, highlights progress toward the 2025 sustainability goals the company set for itself in 2018. ...
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News briefs
WeSports acquires D2C bike brand Rawbike
WeSports , a Stockholm-based group of individual sports, outdoor and mobility companies that operates online as well as physical stores and product brands, has completed the acquisition of Rawbike Scandinavia AB , a Swedish micro-mobility pioneer. The acquisition further strengthens WeSports’ presence within the e-mobility segment and will support Rawbike ...
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News briefs
Helly Hansen CEO to step down
When the Norwegian outdoor brand was successfully integrated into Canadian Tire Corporation ( CTC ), which it was acquired by in May 2018, Helly Hansen ’s CEO, Paul Stoneham , committed at that time to lead the brand for another three years. Stoneham was appointed CEO by former Helly ...
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ArticleThe North Face plans 100 percent sustainable face materials by 2025
In its latest sustainability press release, The North Face ( TNF ) commits to 100 percent of its apparel face materials being either recycled, renewable or regenerative by 2025. Improving the footprint of sourcing synthetic materials is a particular focus, as material-related emissions for polyester account for 53 percent ...
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News briefs
German Parliament wants to set new rules for Click&Meet and Click&Collect
The German Bundestag has decided to raise the minimum threshold for non-essential retail Click Meet services for counties or municipalities where 150 out of 100,000 residents are infected with Covid-19. If the incidence is higher for three consecutive days, only Click Collect is possible. The Federal Council is scheduled to ...
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ArticleWeSports acquires Nordic Outdoor & Sports Group
WeSports AB , a Stockholm-based group of individual sports, outdoor and mobility companies that operates online as well as physical stores and product brands, and GOB Invest , also based in Stockholm, have acquired Nordic Outdoor Sports Group AB ( Nordic OSG ), a leading Scandinavian outdoor, ...
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News briefs
Spanninga expands management with second group director
Source: Spanninga Paul de Haan To support the management of the more than century-old Spanninga brand, the Dutch supplier of bicycle lighting and accessories has appointed industry newcomer Paul de Haan as its new group director. He will work side-by-side with Spanninga owner ...
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News briefsAllbirds releases open-source version of its Carbon Footprint Calculator
On April 22, with the celebration of Earth Day , U.S. shoe manufacturer Allbirds will release an open-source version of its Carbon Footprint Calculator on freethefootprint.com . “For too long, many brands have focused on marketing sustainability rather than actually implementing holistic, high-impact solutions — and ...
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ArticleMoody’s upgrades outlook for Amer Sports
Providing some interesting figures on Amer Sports ’ latest performance and some interesting projections, Moody’s has changed its outlook for the company from negative to stable. However, it maintained an overall B3 corporate rating on Amer’s debt, feeling that its credit metrics will remain weak over the next 12 to ...
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ArticleInfinited Fiber plans to invest €220 million in regenerated textile fiber factory
Infinited Fiber Company , a Finnish circular fashion and textile biotechnology group founded in 2016, is currently looking for a site in Finland to build a flagship factory to produce its regenerated textile fibers for the global market. Infinited Fiber said it will decide on the site by September. Total ...
