All Suppliers articles – Page 2
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ArticleThe Lycra Company announces new ownership
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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News briefsYKK adds WaveOn to its software partner’s list for Touchlink fasteners
YKK has announced that the California-based software service provider WaveOn is joining its network of software partners supporting the YKK’s Touchlink fasteners enabled with Near Field Communication (NFC) technology. WaveOn looks to combine its software with the Touchlink hardware to help brand customers create a digital access point that can ...
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News briefsStella will produce more in Indonesia
While starting up its new shoe manufacturing facility in Solo, Indonesia, Stella International Holdings Limited is already planning to add a second factory to make 15 million pairs a year in the country, following a $120 million investment from its largest client, which represented 34 percent of its revenues last ...
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ArticleChina’s worst Covid outbreak since Wuhan is the next threat to the supply chain
Even before the initial problems caused by the pandemic could be solved, the war in Ukraine created new ones. And now, despite all precautions, the Omicron BA mutant of Covid-19 is spreading rapidly in China. The epicenter of infection was the northeastern province of Jilin, on the border with North ...
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ArticleYue Yuen turns around despite a volatile operating environment
The annual net income of the world’s largest maker of athletic, casual and outdoor footwear hit $115.1 million in 2021 against a loss of $90.8 million in the prior year. Yue Yuen made an operating profit (Ebit) of $175.4 million for the year against an operating loss of $51.4 million, ...
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ArticleA Partial Farewell Note from Eugenio “Gene” Di Maria
Dear Subscribers, I wish to inform you that this is the last Newsletter being published under my own signature. I am finally retiring as Chief Editor of SGI Europe, which remains the main information service of EDM Publications, the company that I founded in 1989, after a long career in ...
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ArticleHaushofer is named ISPO project director, reporting to Gröber
The Covid pandemic has been responsible for the fact that we have not been able to meet in person at any ISPO trade show for almost two years, and the situation has been particularly challenging for the trade show organizers. In the wake of the many cancellations and digital substitutes, ...
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Article
Inflationary pressures are mounting across the board
Sports brands have already started to charge slightly higher prices on selected products, privileging limited editions and premium or novel product releases. The price increases have been a logical response to a situation where the available demand is outstripping the demand, especially because of high Covid vaccination rates, coupled with ...
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ArticleNick Brown passes on ownership of Nikwax and Páramo to employees
After 45 years as their owner and founder, Nick Brown has handed over control over Nikwax and Páramo on Feb. 1 to his employees on three continents at the age of 67 by selling the company to a newly formed Employee Ownership Trust. Nikwax Waterproofing Wax for Leather, ...
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ArticleWFSGI looks back on a positive year
At its annual general assembly, which is usually held at this time of the year before the ISPO Munich show, the World Federation of the Sporting Goods Industry (WFSGI) reported on a successful closing of the year 2021, with positive financial results and the addition of new staff, eight new ...
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Article
Nice Footwear posts positive results despite headwinds
Nice Footwear, an Italian producer of mass and premium sneakers for international brands that went public Nov. 18, announced ”substantially positive” first-half results despite the negative impact of the Covid-19 pandemic and rising shipping costs and duties. In the six month ended Oct. 30, 2021, the Italian footwear group reported ...
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News briefsOR’s organizers release a report on B2B trade shows
Emerald Holding, the New York-based organizer of the Outdoor Retailer (OR) trade shows and others, has released its first research report about the exhibitors’ and visitors’ changing expectations that are influencing and shaping the future of the business-to-business (B2B) events industry. The report will be published annually in the future, ...
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News briefsGore fabrics get Global Recycled Standard certification
The Gore fabrics division, part of W.L. Gore & Associates, has achieved full compliance with the Global Recycled Standard (GRS) certification for its production sites in Germany and China. GRS is an international, voluntary product standard (issued by the nonprofit organization Textile Exchange) that sets requirements for the certification of ...
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News briefsPolygiene acquires another British antimicrobial additive business
Polygiene has entered into an agreement to acquire the SteriTouch business of Radical Materials, a U.K.-based company, founded in 2003, that is also operating with the product ranges Konduct, Scopic and Steritype. Its SteriTouch range consists primarily of antimicrobial additives for plastics, paints, coatings, silicone, rubber and textiles. The largest ...
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Article
Lockdowns affect Shenzhou’s sport apparel production
Shenzhou International, a major Chinese sports apparel manufacturer that works for Nike, Adidas and other brands, announced that all its factories in the Beilun district of Ningbo City have resumed production after temporary Covid lockdowns were lifted by local authorities. However, the factory closures in the region and others have ...
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News briefs
Stella International grows by 44.9%
A sales increase in consolidated revenues of 44.9 percent to $405.8 million in the fourth quarter of 2021 is expected to lead to an increase of 35.6 percent to around $1.5 billion for the full financial year, said Stella International, thanks to a continued recovery in orders for its shoe ...
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News briefs
IMG veteran joins Fanatics for its international development
Fanatics has appointed Matthew Primack as senior vice president of international development. Based in London, he will responsible for the acquisition of new rights, reporting to Gary Gertzog, Fanatics’ president of business affairs. Primack has been work for IMG Licensing for 14 years, most recently as senior vice president, providing ...
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News briefs
Covid cut Messe München’s revenues by €400m in 2020 and 2021
Messe München, the organizer of the ISPO trade shows, says it lost about €400 million in revenues over the past two years because of the Covid pandemic, but it is optimistic about this year, which will see 54 directly managed events being held inside and outside Germany, particularly in the ...
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ArticleStockX is reportedly working on its IPO
StockX, the fast-growing auction platform for heritage sneakers and other collectibles, has started working on a public offering with Morgan Stanley and Goldman Sachs, said Bloomberg, quoting “people with knowledge of the matter.” The report, which could not be confirmed, comes a couple of months after StockX announced its first ...
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News briefs
More manufacturing offsets a drop in retail at Yue Yuen
In releasing its monthly revenues, Yue Yuen said it finished the 2021 calendar year with an increase of just 1.1 percent in total revenues to $8,533.4 billion, with a drop of 2.1 percent in December. Calculations indicate that the group’s shoe and components manufacturing operations booked a sales increase of ...
