All Suppliers articles – Page 7
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News briefs
EU opens anti-trust probe into Google’s online advertising tech
The European Commission said it has opened a formal anti-trust investigation to assess whether Google has violated EU competition rules by favoring its own online display advertising technology services in the so called “ad tech” supply chain to the detriment of competing providers of advertising technology services, advertisers and online ...
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News briefs
Chinese port congestion won't be cleared until the end of June
A backlog at Yantian, China’s largest container terminal, will take several weeks to clear, according to Maersk. The world’s largest shipping company told the news agency AFP that it had been informed by the port’s authorities that activity will return to normal by the end of June. The terminal had ...
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ArticleBd-capital invests in the SportPursuit shopping club
SportPursuit, a flash sales website for premium outdoor and sports gear currently selling mainly in the U.K. and Germany, announced its partnership with bd-capital, a pan-European, operationally managed private equity firm established in 2019 in London. According to a company statement, bd-capital’s investment, whose terms were not disclosed in a ...
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News briefs
Superfeet is acquired by a private equity firm
Westward Partners, a Seattle-based private equity firm focusing on companies in the Pacific Northwest, has acquired Superfeet, a manufacturer of insoles and recovery footwear founded in 1977 and based in Ferndale, Washington. The terms of the transaction were not disclosed. Westward will take over majority ownership of the company from ...
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News briefsGucci launches a vegan, sustainable material, Demetra
Gucci, the Italian luxury fashion brand owned by Kering, announced the launch of a new sustainable animal-free, plant-based material known as Demetra, which will be used by other Kering brands and then made available to competitors from next year. The new material is making its debut on three sneaker models ...
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ArticleBig business on social media: Where digital natives shop
The plain “Buy now”-button seems to be a thing of the past. Online shopping is reducing friction, getting more intuitive, more fluid – and more social. “Social commerce” – or “social shopping” – is the fastest-growing distribution channel worldwide. Shoppable posts and stories allow brands and users to tag specific ...
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News briefs
UEFA and AntChain announce blockchain-led agreement
UEFA and AntChain announced a new five-year global agreement on the eve of the UEFA Euro 2020 championship. The football tournament has just started after its pandemic-related postponement from last year. Under the terms of the deal, AntChain will act as the official blockchain partner of the delayed tournament. More ...
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News briefs
Pitti Studios: a new creative service for exhibitors
Pitti Immagine, the organizer of various fashion-related trade shows in Florence, is adding a new service, Pitti Studios, providing a new communication platform for exhibitors. They can have their new product releases photographed or filmed by the Pitti team. The customized images and film recordings can be integrated into a ...
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News briefs
Euratex calls for new measures as apparel demand sinks by 18%
Figures from the Spring 2021 Report by Euratex (European Apparel and Textile Confederation) show a dramatic contraction in the demand and production of textiles and clothing. The EU’s turnover in textile fibers and fabrics declined by 9.3 percent in 2020 as compared to 2019. For clothing, the decline was even ...
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ArticleAmnesty Int’l alleges crimes against humanity in Xinjiang
Amnesty International has released a 160-page report titled “Like We Were Enemies in a War”: China’s Mass Internment, Torture and Persecution of Muslims in Xinjiang. Since 2017, Amnesty argues, Chinese authorities have been using “one of the world’s most sophisticated surveillance systems and a vast network of hundreds of grim ...
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News briefs
Aetrex is launching a new fast and useful foot scanner
Aetrex is releasing a 3D foot scanner with two selling points: size and cost. Using a proprietary computer system called FitGenius, the Albert 3DFit will complete a foot scan in “less than 10 seconds” and is accurate to within one millimeter, the company claims. The system then compares the scanned ...
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News briefs
Adidas invests €3 million in Spinnova
Adidas has agreed to subscribe for €3 million worth of shares in Spinnova’s planned initial public offering (IPO). Spinnova, a Finnish manufacturer of textile fibers derived from wood or agricultural waste, is planning to list on the Nasdaq Helsinki First North Growth Market. The company is building its first factory ...
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Article
Nice Footwear considers reshoring and acquisitions
Nice Footwear, an Italian footwear licensing company that also owns the Kronos brand of sports shoes, is considering a reshoring of its production from the Far East to Italy and the launch of e-commerce. Specializing in the design and sourcing of sneakers, the company has a team of 21 designers ...
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News briefsLycra launches new circularity advertising campaign
Source: The Lycra Company Sustainability Campaign print ad The Lycra Company is launching a new print and online advertising campaign, “Keep in the loop with Lycra,” aimed at driving the conversation about the circular economy in textiles. The campaign is an invitation to customers and industry professionals ...
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ArticleGoogle is fined €220m in France over its ad auction processes
France’s Competition Authority (Autorité de la Concurrence) has fined Google €220 million for “having abused its dominance of the ad-server market with respect to publishers of websites and mobile applications.” The authority calls this “the world’s first ruling on the complex algorithmic auction processes by which online ‘display’ advertising functions.”
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News briefs
U.S. congressmen urge basketball players to end Chinese endorsements
The co-chairmen of the Congressional-Executive Commission on China, Senator Jeff Merkley of Oregon and a member of the House of Representatives, James P. McGovern of Massachusetts, have addressed a letter to Chris Paul and Michele Roberts, the president and executive director of the National Basketball Players Association (NBPA). In it ...
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News briefsHyosung strengthens marketing teams in Europe and U.S.
Hyosung, the Seoul-based provider of textile solutions, has appointed Claire O’Neill and Julia Nam as European and U.S. marketing managers, respectively. Source: Hyosung Claire O’Neill O’Neill, based in the U.K., has extensive experience in intimate apparel, swimwear and global textile markets. She joins Hyosung from The Lycra ...
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News briefs
Sevilla FC opens official store on Aliexpress
Sevilla FC has launched an official store on Aliexpress, one of Alibaba’s e-commerce platforms. The online store offers a range of products under the Spanish football club’s brand like clothing, baby items, home decor, pet products, earphones and accessories, including reusable masks. The store offers free shipping to its customers ...
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News briefsMarkus Hefter will join Polygiene
Source: Polygiene Markus Hefter Markus Hefter, who left the ISPO Group after 18 years earlier this month, will join the Swedish ingredient brand Polygiene as commercial director for EMEA in September. The 51-year-old German manager has been most recently in charge of the ISPO Munich and OutDoor ...
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News briefs
Google to open in NYC its first permanent retail store
Google is opening its first permanent retail store this summer at the company’s Chelsea campus in New York City, which is already home to many of Google’s 11,000-plus NYC employees. Google has not announced a date for the opening. The store will sell a variety of products, from Pixel phones ...
