We had reported in the Compass on Feb. 21 that Tecnica Group was exploring the possibility of selling its controlling stake in Lowa, after receiving an expression of interest from an unnamed investor. Last week, the new chief executive of Tecnica Group, Peter Weaver, officially announced to us that it had put that process on “indefinite hold” and that Tecnica will continue to be a shareholder in Lowa as in the past 20 years. It pointed out that the partnership has been successful as Lowa has been growing every year, improving its position as “a leader in quality outdoor footwear.”

Topics