Orbea, a company in the Basque country in Spain, had acquired the global distribution rights for Orca, the New Zealand brand of triathlon and compression garments. Orbea already distributes Orca's high-end neoprene suits; its goal is to be market leader in triathlon apparel.
Orbea closed out full-year 2023 with its first drop in revenues in eight years, acccording to Palco23. Although the Basque cycling brand does not disclose them in full, sales appear to have come in at around €382.4 million, down by 6.4 percent from the previous year’s €400 million or so. ...
The former Levi Strauss chief brings 13 years of brand turnaround experience to a board under pressure from founder Chip Wilson’s proxy campaign.
Cimarron Nix, a nine-year Nike veteran with roots in sourcing and manufacturing, takes the helm after a five-month vacancy.
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