All Outdoor Industry Compass articles in Volume 15, Issue 5 – Page 3
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News briefsSkylotec acquires parts of Dutch TAGS Group
On April 1, Skylotec, the German manufacturer of industrial and sports climbing as well as protective equipment, acquired individual product groups from the Dutch TAGS Group. The acquisition expands the product range in the Law Enforcement and Armed Forces (LEAF) segment. It makes the German family-owned company the world’s only ...
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News briefsShimano divests Pearl Izumi to United Sports Brands
Califonia-based United Sports Brands (USB), owner of Spalding, Nathan, Shock Doctor and KT Tape, among others, has acquired the bike apparel brand Pearl Izumi from Shimano, the Japanese manufacturer of cycling components, fishing tackle and rowing equipment. USB is a portfolio company of private equity firm Bregal Partners. Besides its ...
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News briefsQ36.5 introduces bike shirts with graphene yarn
Claiming to be the first bike brand to use a yarn that integrates graphene in the fabric (rather than using the material as a treatment), Italian brand Q36.5 introduces a new fully zipped bike tricot available for men and women that uses a technology patented by the brand. The “Clima” ...
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News briefs
Newell Brands names Chris Peterson president and CFO
Newell Brands Inc., the owner of several brands including Marmot, Coleman and Campingaz, has promoted Chris Peterson, former chief financial officer and president business operations, to president and chief financial officer. Peterson will continue to lead all aspects of the company’s financial operations and maintain oversight of supply chain, procurement, ...
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ArticleFox Factory forecasts overheated bike product sales “back to normal” in winter 2022
In its first sales quarter of the current fiscal year 2022, suspension specialist Fox Factory Holding Corp reported a 35.6 percent increase in its earned revenue of $377.98 million compared to the previous year’s first quarter. Net income of $48.05 million also increased by a double-digit 26.5 percent. Fox Factory ...
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News briefsVitrolab finishes Series A funding, receives investment from Leonardo DiCaprio
Actor and climate activist Leonardo DiCaprio has invested capital in VitroLabs Inc., a California-based design company founded and run by Icelandic fashion designer Ingvar Helgason. The company has just closed a Series A funding round, getting Agronomics, Bestseller’s Invest FWD, Kering, Khosla Ventures, New Agrarian and Regeneration.VC on board, besides ...
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News briefs
MiiR releases product collaboration with Chris Burkard
U.S. camping equipment supplier MiiR (Russian for “peace”) has started a new special edition, incorporating images by outdoor photographer Chris Burkard on a camp cup, tumbler and bottle. The print shows a stream of glacial sediment running through a frozen landscape in the Icelandic highland, an aerial photo taken by ...
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News briefsCoDi’s consumer business driven by Boa
Compass Diversified’s (CoDi) branded consumer business was led by Boa Technology in the first quarter ended March 31 as the closure system brand generated a 75 percent increase in adjusted Ebitda to $24.9 million from revenue growth of nearly 56 percent to $56.8 million as compared to $36.5 million. Elsewhere ...
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News briefs
Hubaco Group brands Terra Nova, Wild Country and Extremities become employee owned
The founders of the British Hubaco group, Andy Utting and Carolyn Budding, have transferred their ownership to an employee ownership trust that will run the brands Terra Nova Equipment, Terra Nova Expeditions, Field Candy, Wild Country, Extremities and sister company YourSchoolUniform.com Ltd in the future. Sylwester Wacht was appointed as ...
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News briefsResearchers find Xinjiang cotton in Adidas, Puma and Jack Wolfskin product
About 20 percent of the world’s cotton crop (and 90 percent of China’s production) comes from China’s Xinjiang region, where forced labor apparently still exists, and oppression of the Uyghur ethnic group continues. Now researchers at the Agroisolab in Jülich and the Hochschule Niederrhein University of Applied Sciences, both in ...
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ArticleOutdoor Retailer: Show director explains reasons for return to Utah
According to Marisa Nicholson, show director of Outdoor Retailer, the customers’ feedback was the main reason why the OR show will return to Salt Lake City. Missing demo opportunities, higher travel expenses and the timing were the reasons that stood against Denver.
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ArticleWeyco sales nearly double in Q1
Weyco Group’s revenues reached $81.4 million in the first quarter ended March 31, a record for the period and nearly double the $46.9 million seen the year earlier, when the Covid-19 pandemic heavily impacted sales. Revenues were 10 percent higher than the first quarter of 2019, ahead of the health ...
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ArticleVista Outdoor to separate into two; Q4 and FY profits soar
Vista Outdoor, which currently has a portfolio of 39 brands, including five it acquired over the last year, intends to separate its outdoor products and sporting products segments into two independent, publicly-traded companies. The current completion date for the transaction is sometime in 2023, when Vista sees additional acquisitions before ...
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News briefsIcebreaker promotes Josh Vaughan to general manager EMEA
Source: Icebreaker Josh Vaughan Josh Vaughan, a long-term Icebreaker executive who had been sales director EMEA for the last two years, has been promoted to the position of general manager EMEA for the brand. According to Icebreaker’s parent company, VF Corp, Vaughan will report directly to Jan ...
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SponsoredLast-minute chance: Become an exhibitor at OutDoor by ISPO
The Who’s Who of the outdoor industry will meet from June 12 to 14 in Munich at the MOC. Your company is not there yet? Then use your last-minute chance.
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ArticleMoncler records 61% sales growth in Q1
Moncler generated sales of €589.9 million in the first quarter of 2022, up a reported 61 percent on the year earlier and a 60 percent increase at constant currency rates. In the three months ended March 30, 2022, sales at constant currencies were also 58 percent higher than in the ...
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News briefsTyler LaMotte is Patagonia’s new marketing director, EMEA
Source: Martin Dijkstra Tyler LaMotte Patagonia has hired Tyler LaMotte as its new marketing director, EMEA. A goal-oriented brand developer with more than 20 years of experience in the outdoor industry, he will be responsible for the company’s marketing strategy across the EMEA region. In his new ...
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News briefs
GSM Outdoors takes over Bill Lewis lures brand
U.S. hunting gear company GSM Outdoors has expanded its presence in the fishing market with the acquisition of the Bill Lewis Rat L-Trap brand of baits. The terms of the deal were not disclosed. This new move follows GSM’s first acquisition in the sector of Gary Yamamoto Custom Baits last ...
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News briefs
Nexus Outdoors launches new fishing apparel line
Michigan-based Nexus Outdoors, the owner of the ScentLok and Blocker Outdoors brands, has expanded into the fishing category with a new apparel line called Whitewater. The new brand is designed to allow anglers to focus on fighting fish, not the weather conditions, thanks to specific materials, technologies, and tailoring, Nexus ...
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News briefsOn Athletics Club Europe promotes young running talent
Complementing the On Athletics Club (OAC) launched in 2020 with eleven international runners under the leadership of Dathan Ritzenhein, the Swiss footwear brand On has now brought a European counterpart of the program to life: OAC Europe. Focussing on young athletes between the ages of 19 and 23, the program ...
