All Outdoor Industry Compass articles in Volume 9, Issue 7-8
View all stories from this issue.
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Article
Mammut sells less
Conzzeta Group, the Swiss holding company that controls the Mammut Sports Group, reports that the Swiss outdoor company's operating result and operational cash flow will be adversely affected in the years ahead by the implementation of a five-year strategic program to improve its performance, after a drop in sales and ...
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Article
MGM is no longer a joint venture
Enzo Prandina has sold his 50 percent stake in the Italian MGM group, parent company of Trezeta and Kayland and licensee of Fila for inline skates, to his long-time partner Germana Congiu, who owned the balance of 50 percent. They had been sharing ownership of two other former Italian companies ...
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Article
Jarden’s Outdoor Solutions segment takes a writeoff
Provisions booked by Jarden Corp. for its winter sports operations in the fourth quarter of 2015 add to speculation that they may be divested after the consummation of its merger with Newell Rubbermaid, which was agreed in principle on Dec. 14. Analysts had speculated that the whole Outdoor Solutions segment ...
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Short stops
Hoka One One is releasing a new, lighter and more...
Hoka One One is releasing a new, lighter and more minimalist style, called the Clayton, that can be used for trail running as well as rack and road running
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News briefs
IMG Worldwide has named Hoka One One the official sponsor...
IMG Worldwide has named Hoka One One the official sponsor of the 36th edition of the annual Escape from Alcatraz Triathlon, which will be staged up and down the hills of San Francisco on June 12. Hoka will also be the official running shoe for the Ironman U.S. series this ...
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News briefs
Trees for Life's “Rewilding the Highlands” initiative has won the...
Trees for Life's “Rewilding the Highlands” initiative has won the 2016 European Outdoor Conservation Association (Eoca) Conservation Vote in the Alpine category. The project secured more than 7,000 votes out of 18,000 in an international online vote that was held on March 8-22. Trees for Life was Scotland's only finalist ...
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Article
Strong growth for Gregory
Samsonite International, which acquired Gregory Mountain Products from Black Diamond for $84 million in 2014, reports that this brand of backpacks reached sales of $43.3 million in 2015, including $13.3 million in the U.S., $2.6 million in Europe and $18.5 million in Asia. Gregory's sales were apparently up sharply from ...
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Article
Tutwo goes omni-channel
Tutwo, the leading Chinese outdoor wholesaler and retailer, has started implementing an omni-channel strategy that requires significant adjustments for the company. Tutwo has turned into a huge player in the Chinese outdoor industry, boasting more than 1,100 directly-owned and franchised stores around the country at the end of last year. ...
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Article
Polygiene gets stock market listing
Shares in Polygiene, the Swedish company specializing in odor control with a focus on sports and outdoor products, started trading on the Nasdaq First North market on March 14, after a share issue that raised about 22.5 million Swedish kronor (€2.4m-$2.7m) in December. In the fundraising process, the company's shares ...
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News briefs
Garmin International Inc., a subsidiary of Garmin Ltd., has prevailed...
Garmin International Inc., a subsidiary of Garmin Ltd., has prevailed in a proposed class action lawsuit over the battery life of some Garmin navigation units filed in the U.S. District Court for the District of Kansas in Meyers v. Garmin International. The plaintiff, Brian Meyers, claimed that Garmin's Nuvis navigators ...
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Article
Peak Performance firms up revitalization plans
The investor day of the IC Group held in Copenhagen on April 6 yielded some interesting details about the Peak Performance brand's sales, while discussing the strategic shift that was detailed in The Compass earlier this year to revitalize the Swedish ski, outdoor, golf and lifestyle activewear brand. A regional ...
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News briefs
The Financial Times reports that IMG is taking Tough Mudder,...
The Financial Times reports that IMG is taking Tough Mudder, the extreme obstacle course race born in the U.S. six years ago, to China, Indonesia and the United Arab Emirates this year before its further expansion to Japan, South Korea and Singapore in 2017. There will be a total of ...
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Short stops
Keen will sponsor the International Ocean Film Tour, starting on...
Keen will sponsor the International Ocean Film Tour, starting on April 22 in Portland, Oregon
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News briefs
The Windsor Running Festival will have Hoka One One as...
The Windsor Running Festival will have Hoka One One as its official sportswear partner for 2016. The festival, currently in its 34th year, is one of the oldest running events in the U.K. and comprises the Windsor Half Marathon and the Running4Women Windsor 10K. Through the partnership, the French running ...
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Article
Moncler sets up a new factory in Romania
Moncler has hired around 600 people for the factory it is establishing in Romania, in the Bac?u county, via its local subsidiary Yield Industries. The move is part of a wider plan to expand the company s capacity to make down jackets in-house, while further consolidating its know-how in down ...
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News briefs
The North Face has reportedly leased a space of nearly...
The North Face has reportedly leased a space of nearly 20,000 square feet on Fifth Avenue at 43rd Street in New York City for its flagship store in the Big Apple. TNF already has two other smaller stores in the Upper West Side and Soho districts of Manhattan.
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News briefs
Pertex, the specialist in lightweight technical fabrics for the outdoor...
Pertex, the specialist in lightweight technical fabrics for the outdoor industry, has announced it is expanding its PFC-free offering. Following significant research, the brand is now offering an extensive range of non-PFC durable water repellent (DWR) fabrics with performance features which are said to be similar to conventional DWR finished ...
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Article
New Eurochief for Hydro Flask
Hydro Flask continues to boost its management. The fast-growing American supplier of vacuum-insulated drinking bottles, has selected David Ledouble to serve as managing director of its new Hydro Flask Europe subsidiary in Basel, Switzerland. In the U.S., Hydro Flask has also appointed a vice president of marketing and e-commerce, Phyllis ...
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News briefs
The organizers of the OutDoor show in Friedrichshafen have established...
The organizers of the OutDoor show in Friedrichshafen have established a new two-stage assessment procedure to select the winners of its OutDoor Industry Awards. They have also created a new category for start-ups, similar to the long-standing BrandNew Awards at Ispo Munich. Those who submit applications for the Start-Up Award ...
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News briefs
Exxel has promoted Eric Greene, previously the general manager of...
Exxel has promoted Eric Greene, previously the general manager of Kelty, to division vice president and general manager of the newly created Outdoor Performance Group. Greene will now oversee Kelty, Sierra Designs and Ultimate Direction. Andy Russell, previously Kelty director of field sales, has been appointed vice president of sales ...
