Latest Headlines – Page 102
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ArticleAllbirds Q3 losses widen, warns of “choppy” holiday trading
Sustainable footwear and clothing brand Allbirds has posted wider third-quarter losses and warned of “choppy” trading conditions in the run-up to Christmas. The company said net losses increased to $25.2 million from $13.8 million a year ago, and net loss margin increased to 35 percent from 22 percent. Operating losses ...
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ArticleAdidas and Marvel Studios team up for latest Black Panther movie
For the film “Black Panther: Wakanda Forever,” which hits theaters worldwide on Nov. 11, Adidas has partnered with Marvel Studios to create custom costumes and footwear for various characters in the film. Adidas innovation and design teams, led primarily by female and BIPOC designers, developed a new approach to costume ...
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ArticleYKK signs UN CBD COP15 business statement for mandatory assessment and disclosure
YKK Corporation has signed the United Nations Convention on Biodiversity (CBD) COP15 Business Statement for Mandatory Assessment and Disclosure by 2030, convened by Business for Nature. Business for Nature was established in 2019 by 13 international organizations, including the World Wide Fund for Nature (WWF) and the World Economic Forum ...
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ArticleAdidas slashes FY outlook again
Faced with a myriad of issues that need addressing in the coming financial year under the leadership of newly named CEO Bjørn Gulden, Adidas today cut its FY22 guidance for the third time since July 26. Three weeks after its last outlook adjustment on Oct. 20, the group today reduced ...
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ArticleDescente raises FY outlook
Descente, the Japanese sportswear company with a portfolio of sportswear brands that it markets primarily in Japan, South Korea and China, reported a net profit increase of 106 percent to ¥5,132 million (€37.0m) from ¥2,487 million for the six months ended Sept. 30. First half operating income improved 80 percent ...
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ArticleEU Strategy for Sustainable and Circular Textiles: Everything you need to know
The European Commission is changing the rules of the game for players in the textile sector. Are you ready?
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ArticleLiverpool FC up for sale?
Boston-based Fenway Sports Group (FSG) has confirmed that it is ready to listen to offers for the historic, world-renowned English soccer club Liverpool FC. This was reported by several publications, including Bloomberg and The Athletic, citing “people familiar with the matter.” According to The Athletic, the sports investment firm has ...
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ArticleGulden returns to Adidas as CEO, Freundt heads Puma with immediate effect
Source: Maria Bayer / Puma CEO of Adidas from Jan. 1, 2023: Bjørn Gulden, currently CEO of Puma (until Nov. 11) On Nov. 8, the Adidas AG supervisory board announced the successor to its CEO Kasper Rorsted: Bjørn Gulden will be member and chairman of the executive ...
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ArticleCoDi with record quarter, adds PrimaLoft to branded consumer segment
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) fell 25 percent to $15.3 million from $20.3 million for the period ended Sept. 30. Total sales from the five companies rose 16 ...
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ArticleL Catterton launches impact fund platform
Consumer goods-focused private equity firm L Catterton, owner of footwear brand Birkenstock, has announced the formation of an impact investing platform and the appointment of Tehmina Haider and Michael O’Leary as partners to lead the strategy. Called the Impact Fund, the platform will partner with the next generation of mission-driven ...
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ArticleCircular design thinking: Design beats disposal
What can replace a business-centered design approach, with repairable products that last longer, are recyclable and still create value?
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ArticleRepairs: Old knowledge and future challenges
Regulations for the right to repair are underway. Although challenging, can these be a positive for brands, consumers, and the environment?
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ArticleInvesting in Circularity: Could a better definition drive investments?
Is investing in circularity worth the risk? In part 4 of our “Investing in Circularity” series, Amy Rauen has some surprising answers.
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ArticleInvesting in circularity: Where is the money going and why?
For anyone interested in investing in circularity, we get to the heart of the matter: who is investing, and what are they investing in?
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ArticleInvesting in circularity: What about the ROI?
In part three of her series, Amy Rauen tells us why brands shouldn’t worry about ROI when it comes to embracing a circular economy model.
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ArticleForward to nature*…or how to design a successful future for all
What would a truly circular world look like? GreenroomVoice explores how imagining such a world shows us the action needed to get there.
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ArticleDaring to think de-growth in the textile industry
Over-consumption can’t go on, but does de-growth have to equal financial losses in the textile industry? Charles Ross explores alternatives.
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ArticleGood momentum but high hurdles remain: Circularity in the eyewear sector
With performance and scale both large barriers, what can the eyewear sector do to become circular?
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ArticleCircular value chain? Don’t forget the consumer
When it comes to circular business models, remembering to include consumers is key. The European Outdoor Group offers tips for businesses.
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ArticleCircular Economy: a comprehensive link collection
Beat the circularity information overload and start your sustainable journey as a brand, supplier, manufacturer and retailer. We’ve collected the most useful links and resources.
