News Briefs – Page 5
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News briefsLeatt generates higher DTC sales in down year
Leatt, the South African developer and marketer of protective equipment for extreme and high-velocity sports, experienced the first indicators of a recovery in certain segments in Q4 despite 2023 being a challenging year for the cycling and motorcycle industries. The final period net loss was $1.46 million versus a ...
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News briefsUnder Armour design chief returns to Black Diamond as Creative Director
Source: Black Diamond Kasey Jarvis Black Diamond Equipment, a brand under the umbrella of Clarus Corp., has appointed Kasey Jarvis as Creative Director for the brand. Jarvis most recently served as Chief Design and Development Officer at Under Armour, where he led the establishment of the visual ...
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News briefsUNECE and UNECLAC address the issue of second-hand clothing trade flows
The United Nations Economic Commission for Europe (UNECE) and the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC), in collaboration with the Ellen MacArthur Foundation, held a virtual side session on Feb. 19 at the 2024 OECD Forum on Due Diligence in the Garment and Footwear Sector, ...
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News briefsTaipei Cycle 2024 focused on sustainability
The latest edition of Taipei Cycle, which ran on March 6-9, attracted 23,000 visitors. International buyers primarily came from Japan, China (including Hong Kong), the US, South Korea and Singapore. The trade show focused on four key themes that reflected the industry’s commitment to sustainability: Micro Mobility, Green Action, Startup ...
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News briefsInfinited Fiber closes new funding round
Infinited Fiber Company, the Finnish textile recycler currently in a restructuring phase, has completed a two-part development funding round totaling €40 million. The round included investments from both existing and new investors, the latter including Inditex, TTY Management, Youngone and Goldwin. The first part of the development financing round, which ...
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News briefsNew CEO for knife maker Morakniv
Source: Morakniv Richard Jägrud Richard Jägrud, who has been CEO of Silva (Primus Silva Sweden AB) for the past seven years, has been appointed the new CEO of the Swedish company Morakniv AB, effective May 15, 2024. The previous CEO, Johan Burtus, left the company after three ...
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News briefsArchroma introduces wet fastness enhancer for long-lasting colors
Archroma, the Swiss provider of dyes and specialty chemicals, has introduced Albafix Eco Plus, a new wet-fastness improver that is meant to help brands and mills produce durable textile products with long-lasting colors without compromising on quality or introducing hazardous chemicals. Source: Archroma With Albafix Eco Plus, ...
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News briefsMaap opens first European LaB store
Maap, a Melbourne-based cycling apparel brand, has finally opened its new Maap LaB in Amsterdam, which the brand had announced last summer. It is the brand’s first retail concept store outside of Australia. “LaB” stands for Life Around Bikes, an inclusive concept “at the intersection of contemporary creative culture and ...
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News briefsBourrelier Group appoints Managing Director for Mavic
Source: Mavic Alberto Morgando After working with Jean-Michel Bourrelier for more than five months, Alberto Morgando officially took over the position of Mavic Managing Director on Feb. 20. According to the two Bourrelier Group SA directors Yoann and Jean-Michel Bourrelier, the appointment “marks a continuation in the ...
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News briefsJack Wolfskin presents first styles with recycled outer materials
When the textile industry talks about recycled materials, it usually refers to synthetic fiber yarns made from recycled plastic bottles. Jack Wolfskin also uses recycled polyester. However, the German outdoor company also wants to create a genuine circular system and has been working on producing new, functional items of clothing ...
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News briefsKenda Europe with new Bicycle Sales Director
Source: Kenda Alexander Mai Kenda, one of the world’s oldest and largest bicycle tire manufacturers with distribution networks, manufacturing and R&D teams both inside and outside of Europe, has appointed Alexander Mai as the new Bicycle Sales Director for Europe, effective March 18. This strategic addition to ...
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News briefsFilo closes with positive results
The 61st edition of Filo, the international B2B trade show dedicated to yarns and fibers, registered “highly positive results,” the organizers said. The event, which took place at the Allianz Milano Convention Center (MiCo) on Feb. 28-29, right in front of Milan’s new Citylife district, showcased innovation and searched for ...
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News briefsSpinnova and Suzano sign agreement for new production facility
Finnish biomaterials company Spinnova and Suzano have signed a Letter of Intent (LOI) regarding plans for a new production facility for wood-based Spinnova fiber. The LOI is a non-binding agreement that includes certain criteria as requirements for moving into the pre-engineering phase of the new facility. It also includes preliminary ...
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News briefsNaturkompaniet wins Swedish Sustainable Brand Index for 11th consecutive year
Naturkompaniet has won the “Clothing and Fashion - Stores” category of the Swedish Sustainable Brand Index, a position the retailer has defended since 2013. Being an industry winner in the Sustainable Brand Index means that a brand is perceived as the most sustainable brand in its category, according to Swedish ...
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News briefsNaturkompaniet acquires Regntøyspesialisten
As part of its further expansion in Norway, the Sweden-headquartered outdoor retail chain Naturkompaniet has acquired 100 percent of the shares in Regntøyspesialisten AS in Kristiansand. The acquisition is part of Naturkompaniet’s strategy to expand its offering and strengthen its position in the outdoor industry in Norway. Naturkompaniet is a ...
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News briefsGerber Gear celebrates its 85th anniversary
Gerber Gear commemorates 85 legendary years of American-made craftsmanship and innovation in Portland, Oregon. As a local advertising agency founder and owner, Joe Gerber wanted to design a carving knife he could gift to his clients. This one-off gift became a highly sought-after knife, and from those humble beginnings, Gerber ...
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News briefsEthisphere names VF one of the most ethical companies for 8th consecutive year
VF Corp. has received the 2024 World’s Most Ethical Companies Award from the Arizona-based Ethisphere Institute, a for-profit company that defines and measures ethical business standards for a fee, recognizes outstanding companies and promotes best practices in business ethics. VF was honored for the 8th consecutive year and is the ...
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News briefsClass action against Dick’s Sporting Goods
A class-action lawsuit has been filed against US retailer Dick’s Sporting Goods (DSG) in the Western District of Pennsylvania. It alleges securities fraud in the C-suite – specifically misrepresentations of the company’s prospects, especially with respect to inventory and the consequences of its excess, before the release (on Aug. 22) ...
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News briefsCarbios and Landbell Group team up to increase circularity of PET waste
Source: Carbios Carbios, the French specialist in biological recycling based on enzyme technologies, and Landbell Group, a provider of closed-loop recycling solutions, have signed a non-binding Memorandum of Understanding for the sourcing, preparation and recycling of post-consumer polyethylene terephthalate (PET) waste using Carbios’ biorecycling technology at its ...
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News briefsArc’teryx’s Covent Garden flagship now open
Arc’teryx opened its new flagship store in London, announced last year, on Feb. 29. The store is located in a refurbished landmark building at 41-42 King Street in Covent Garden and spans 740 square meters. It offers a wide range of technical equipment, footwear and accessories for trail running, climbing, ...
