News Briefs – Page 378
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News briefs
We liked the first OutDoor by Ispo fair because of...
We liked the first OutDoor by Ispo fair because of its atmosphere and its convenience. While using a lot of wood and cutting down on the use of paper in the name of sustainability, the open spaces did not place any brand in the foreground as at Ispo Munich, leading ...
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News briefs
The European fishing tackle show, EFTTEX, attracted a total of...
The European fishing tackle show, EFTTEX, attracted a total of 1,636 visitors at its latest session in Brussels last month, down slightly from 1,674 last year, when the show was held in Amsterdam. The event hosted 182 companies. Exhibitors and visitors came from 71 countries.
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News briefs
Puma has committed to reduce its greenhouse gas (GHG) emissions...
Puma has committed to reduce its greenhouse gas (GHG) emissions from owned and operated facilities as well as its energy needs by 35 percent by 2030 as compared to 2017, a target approved by the Science Based Target initiative (SBTi). On June 25, the SBTi released new guidance on measuring ...
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News briefs
A new study on the combustion behavior of polytetrafluoroethylene (PTFE)...
A new study on the combustion behavior of polytetrafluoroethylene (PTFE) membrane in weatherproof clothing has found that if clothing is disposed of in a typical incineration plant for household waste, no environmentally hazardous substances escape. For the purposes of the study, which was conducted for W. L. Gore & Associates, ...
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News briefs
The North Face has teamed up with National Geographic on...
The North Face has teamed up with National Geographic on the launch of a limited-edition addition to its “Bottle Source” collection, which is described as turning plastic into clothing. The pieces are made from 384,000 pounds of plastic bottles that were pulled from waste streams in various outdoor areas across ...
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News briefs
Nike has announced that it is signing on to the...
Nike has announced that it is signing on to the Fashion Industry Charter for Climate Action, an environmental commitment under the United Nations (UN) Framework Convention on Climate Change. The Charter, which was launched at COP24 in Katowice, Poland, in December 2018, goes beyond previous industry-wide commitments. It targets a ...
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News briefs
Pentland Brands has launched an ethical trade app called “Everyone's...
Pentland Brands has launched an ethical trade app called “Everyone's Business,” in collaboration with Carnstone Partners, a sustainability and corporate responsibility consultancy. The app is designed to encourage responsible labor sourcing by educating employees on the risks of modern slavery, while allowing them to report any potential issues. The app ...
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News briefs
Prana has announced that its entire spring/summer 2020 swimwear collection...
Prana has announced that its entire spring/summer 2020 swimwear collection features 100 percent sustainable products. For the women's swimsuit line, Prana has partnered with a company specializing in sustainable fiber regeneration to offer products that feature a fabric blend using Econyl Recycled Nylon combined with Lycra Xtra Life Elastane. The ...
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News briefs
Patagonia is launching a mail-in option for its Worn Wear...
Patagonia is launching a mail-in option for its Worn Wear sustainability program in the U.S. Customers will have the opportunity to mail-in used Patagonia clothing, in exchange for credit to buy items in the brand's retail stores. The initiative is intended to make sustainable practices more accessible to customers and ...
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News briefs
YKK, the big zip manufacturer, is launching a zipper product...
YKK, the big zip manufacturer, is launching a zipper product made from PET bottles, old fiber and other polyester remnants, according to the company. YKK explained that 10,000 Natulon zippers of 60cm length use around 3,600 recycled plastic bottles. The product is bluesign certified. YKK also produces the GreenRise zipper, ...
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News briefs
XXL ASA, the highly leveraged Norwegian-based sports retailer, says it...
XXL ASA, the highly leveraged Norwegian-based sports retailer, says it has agreed on a new covenant with its bank consortium for its third-quarter results. Last February, it had renegotiated covenants for the first and second quarters of this year. The covenant for the third quarter sets a debt/Ebitda target of ...
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News briefs
Puma completed its planned stock split on June 10, giving...
Puma completed its planned stock split on June 10, giving shareholders nine new shares for each one in their possession. The idea is to make the stock more attractive. It closed today at €54.90 a share compared with about €540 before.
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News briefs
The battle for control of Netshoes, the Brazilian e-tailer specializing...
The battle for control of Netshoes, the Brazilian e-tailer specializing in athletic footwear, has ended. Its shareholders approved on Friday Magazine Luiza's latest improved offer of $3.70 a share, valuing the company at $115 million. The Brazilian omni-channel retailer had initially made a bid for Netshoes at $2.00 per share, ...
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News briefs
The Wanda Sports Group has filed for an initial public...
The Wanda Sports Group has filed for an initial public offering in the U.S. The preliminary value set in the filing with the Securities and Exchange Commission is $500 million. The Chinese company's considerable brand portfolio in sports includes Ironman, the Rock 'n' Roll Marathon series and the Cape Epic ...
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News briefs
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker...
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker of systems to scan and analyze feet, notably for athletes. The deal's terms remain undisclosed, but it will enable the American insole and footwear brand to expand its research and manufacturing infrastructure. The combined company will have at least seven ...
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News briefs
VF Corp. has inaugurated a 16,000-square-foot U.K. headquarters in the...
VF Corp. has inaugurated a 16,000-square-foot U.K. headquarters in the center of Soho, in London. The seven-story building, Axtell Soho, will be used as a showroom for buyers as well as a place for the group's staff to host meetings and share ideas. The building features dedicated floors for The North ...
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News briefs
Aquafil has acquired full control over O'Mara, a manufacturer of...
Aquafil has acquired full control over O'Mara, a manufacturer of nylon, polypropylene and polyester fibers, based in Rutherford College, North Carolina, for $40.5 million. The Italian yarn company completed the acquisition through its U.S. subsidiary, Aquafil USA. O'Mara, founded in 1970, reported a turnover of $40.1 million in 2018.
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News briefs
Henri Lloyd, the British clothing brand for yachtsmen and sailors,...
Henri Lloyd, the British clothing brand for yachtsmen and sailors, is introducing a new logo to symbolize a return to the brand's heritage while also suggesting a fresh start, for a new phase in the brand's history. Henri Lloyd has had a new owner since June 2018, when the former ...
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News briefs
On June 17, Ratnakar Lavu became Nike's first global chief...
On June 17, Ratnakar Lavu became Nike's first global chief digital information officer, in charge of digital technologies. He reports to Eric Sprunk, chief operating officer. Lavu was most recently chief technology and information officer at Kohl's, the American retail chain, heading up its IT, digital and consumer technology. Before that, ...
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News briefs
Jack Wolfskin appointed Ante Franicevic to the position of chief...
Jack Wolfskin appointed Ante Franicevic to the position of chief financial officer last month. He replaces Jörg Wahlers, who worked as chief financial officer and chief operating officer for Jack Wolfskin and left the German outdoor company at his own request at the end of July. Franicevic, 48, worked previously ...
