News Briefs – Page 129
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News briefsMore details emerge of Footway Group’s financial difficulties
Swedish online fashion trade magazine Habit is reporting new district court documents which reveal the extent of Footway Group’s debt problems. According to the publication, updated figures suggest that inventories have fallen to SEK 437 million and documents from the district court show that Footway is unable to pay its ...
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News briefsLululemon urged to decarbonize its supply chain
EcoAthletes, an advocacy organization representing 129 professional athletes, has signed an open letter to Lululemon asking the Canadian activewear retailer to phase out fossil fuels and commit to 100 percent wind and solar in its supply chain by 2030. According to EcoAthletes, in a letter which has been delivered to ...
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News briefsUK government unveils updated plans to minimize waste in textiles and other key sectors
The U.K. government has released a policy paper entitled “Maximising Resources, Minimising Waste,” which summarizes the actions it will undertake to maximize resources and minimize waste across a series of key sectors, including the textile industry. Through its Net Zero Strategy, the U.K. government is committed to the near elimination ...
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News briefsMizuno’s new running shoe features eco-friendly details
Japanese brand Mizuno is launching the new black edition of its sustainable Wave Neo collection. The Wave Neo running shoes use environmentally friendly materials such as recycled polyester and plant-derived materials. The new black color model also features Dope Dyed knit upper materials that use less water, reducing environmental impact ...
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News briefsLatest 3D-printed performance shoe unveiled
Asics has once again partnered with 3D printing company LuxCreo to launch the second generation of its Actibreeze Hybrid Sandal. The performance sandal is designed for runners during rest and recovery periods and is the third footwear product from the successful partnership between LuxCreo and Asics. The ...
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News briefsElection results for Canada Goose’s Board of Directors
Canada Goose Holdings Inc. has announced the voting results from its annual meeting of shareholders, held on Aug. 4, 2023. The Board of Directors now comprises (in alphabetical order): Michael D. Armstrong, Joshua Bekenstein, Jodi Butts, Maureen Chiquet, Ryan Cotton, John Davison, Stephen Gunn, Dani Reiss, and Belinda Wong. All ...
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News briefsThe Athlete’s Foot launches new CSR program
The Athlete’s Foot has announced the establishment of its new community engagement initiative in EMEA: the Impact Council. The Council will serve as a collaborative space to foster ideas, identify new avenues for community betterment, and provide a rotating “seat” representing initiatives chosen or highlighted by the Council every half-year. ...
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News briefsIndia’s leading fitness brand signs Bollywood superstar
Source: PRNewsfoto/Cult.fit Cult.fit onboards actor Ranveer Singh as brand ambassador Cult.fit, India’s leading health and fitness brand founded in 2016 by Mukesh Bansal and Ankit Nagori, announced Indian actor-superstar Ranveer Singh as its new brand ambassador, taking on the role of Cult.fit’s “Motivator in Chief.” The association ...
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News briefsLululemon creates “Mental Wellbeing Global Advisory Board”
Lululemon Athletica has announced the creation of a Mental Wellbeing Global Advisory Board, which is meant “to help the company develop best practices and influence a global conversation to improve mental wellbeing outcomes for both employees and communities around the world,” the company explained in a statement. The new advisory ...
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News briefsUYN opens new Italian store ahead of further openings abroad
UYN is opening a new store in Peschiera del Garda, a resort town on Italy’s Lake Garda, not far from the city of Verona. The store is housed in the Padiglione degli Ufficiali (Officers’ Pavillion), a 19th-century building that comprises luxurious penthouses and a shopping gallery. The new store features ...
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News briefsAsics agrees on five-year extension with Cricket Australia
Asics has renewed its deal as the official apparel partner of Cricket Australia until 2028. The Japanese sportswear firm will continue to supply performance apparel and footwear to the Australian men’s and women’s teams. The partnership has been in place since 2011.
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News briefsCrystal Palace hires creative lead for apparel line and fashion partnerships
Source: Crystal Palace F.C. Kenny Annan-Jonathan Premier League football club Crystal Palace has hired sports marketing expert Kenny Annan-Jonathan as creative lead, a newly created role and a first in English football. Annan-Jonathan is the founder and director of The MailRoom, a boutique sports marketing and management ...
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News briefsUnder Armour announces extensive yarn sourcing deal
Under Armour has signed a Memorandum of Understanding with Hemp Black, a subsidiary of Australian biotech firm Ecofibre, which will see Hemp Black provide specialty yarn to the sportswear brand for use in its performance apparel. The agreement, covering an initial three-year period, will also allow Hemp Black to invest ...
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News briefsGarmin Q2 net profit benefits from interest income, currency gains
Boosted by more than $29.6 million in interest income and gains on foreign currency, Garmin posted 11.7 percent net income growth to $287.9 million from $257.9 million. Without the two gains, the group’s profit would have been essentially flat for the period ended July 1. Second quarter operating income fell ...
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News briefsUvex Sports Group switches to selective distribution in Europe
Uvex Sports Group (USPG), the parent of the Uvex and Alpina brands, announced that it will be introducing a selective distribution system in Europe from January 2024. Through the new partner program, only certified dealers will have access to the product range. According to an in-depth analysis by the USPG, ...
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News briefsNew industrial park for garments and yarn to open in Kyrgyzstan
A large industrial and logistics park is currently being constructed in the Kara-Suu district of the Osh region, in the Central Asian country of Kyrgyzstan. The park will feature three production sites for knitwear garments, knitted fabric and yarn, Fibre2Fashion has reported. The first to open will be an export-oriented ...
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News briefsSpain raids counterfeiters
Early this month, after an investigation that began in 2016, Spanish authorities dismantled a counterfeiting ring, arresting 39 people spread between Madrid (14), Seville (4), Girona (15), Málaga (3) and even as far afield as Tenerife (3), in the Canary Islands. They also searched 13 domiciles and inspected 22 warehouses, ...
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News briefsFarfetch hires Amazon exec as new CFO
Tim Stone, who spent more than 20 years in senior finance roles at Amazon.com, will join the London-based Internet platform for luxury goods Farfetch Limited on Sept. 1 as the group’s new CFO. He will replace Elliot Jordan, who announced his departure from the luxury fashion company in February.
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News briefsSnoop Dogg launches first shoe collaboration with Skechers
Source: Skechers US rapper and actor Snoop Dogg, real name Calvin Cordozar Broadus Jr, has entered into a collaboration with Skechers. The first styles of the Skechers x Snoop Dogg collection dropped on Aug. 1. “The excellent team at Skechers took my ideas and my flavor, and ...
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News briefs361 Degrees updates on H1 results
361° Degrees Intl. Ltd. expects profitability to increase by at least 25 percent for the six months ending June 30 compared to the same period last year. The company cites a market recovery in China after pandemic-related restrictions and the launch of new premium products as factors.
