News Briefs – Page 5
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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, ...
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News briefsFenix Outdoor acquires 30% of its Czech retail partner
Fenix Outdoor, the international outdoor equipment and apparel company based in Zug, Switzerland, since 2014 but listed on the Stockholm Stock Exchange due to its Swedish roots, has acquired a 30 percent stake in Arctic Fox s.r.o., its retail partner operating six Fjällräven stores and an online business in the ...
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News briefsFrasers Group revives Wiggle in strategic acquisition deal
Frasers Group, the parent company of Sports Direct, has made a strategic move with the acquisition of online bike retailer Wiggle and saved the company from insolvency following the collapse of Signa Sports United (SSU). The acquisition expands Frasers Group’s already diverse portfolio of cycle brands, which includes Evans Cycles ...
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News briefsOdlo migrates online business to Scayle
Sportswear brand Odlo has chosen Scayle’s enterprise commerce platform to future-proof its online business. The launch of Odlo’s new online presence is planned for early 2025. The move to Scayle will provide the Swiss-based functional apparel manufacturer with a flexible and expandable e-commerce platform optimized for B2C brands and retailers. ...
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News briefsADAP joins Afydad
Spain’s Association of Fishing-Tackle Distributors (ADAP), a non-profit, has joined the Spanish Association of Sporting-Goods Manufacturers and Distributors (Afydad). Spain – says Afydad, citing the government – has about 1.5 million extant fishing licenses. The Fishing and Casting Federation’s rate of issuance has been increasing of late, and licenses issued ...
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News briefsEnthusiastic friends unite to save Swedish outdoor store from closure
For over 50 years, Friluftsvaror has been dedicated to making outdoor life accessible to all. When the Malmö store faced closure due to bankruptcy, it stirred strong emotions among customers and outdoor enthusiasts in the southern parts of Sweden. Four individuals, bonded by their love for the outdoors, formed the ...
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News briefsNew CEO for Bergans
Source: Bergans Bergans’ new CEO, Silje Garberg Ree The Board of Directors of Bergans Fritid AS has appointed Silje Garberg Ree as CEO. She succeeds Jan Tore Jensen, who had led the company since 2018 and announced his decision to step down in September 2023. The company’s ...
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News briefsSamsonite looks at options after reported takeover interest
Samsonite, the parent company of Gregory, High Sierra, Xtrem and other luggage and bag brands, is considering options, including going private after receiving a takeover offer from undisclosed bidders, Bloomberg reports, citing sources said to be familiar with the matter. Some private equity firms have reportedly analyzed a deal with ...
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News briefsPatagonia teams up with Eastman to address textile waste
Outdoor clothing brand Patagonia and global specialty materials firm Eastman teamed up to recycle around 3,600kg of pre- and post-consumer clothing waste, which Eastman processed through its molecular recycling technology. The process consists of breaking down unusable apparel from the outdoor brand into molecular building blocks that Eastman can use ...
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News briefsFifth Fair Wear Foundation Leader Status for Ortovox
The southern German mountain sports specialist Ortovox has been awarded Leader Status (73 points) by the Fair Wear Foundation – for the fifth time since 2018. “This recognition means a lot to us,” said Katrin Bauer, Director CSR. “It shows that our efforts to do business responsibly are successful.” Last ...
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News briefsGo Outdoors to open Express store in major Newcastle mall
UK retailer Go Outdoors, part of JD Sports Fashion, has confirmed that it will open a store later this year at Metrocentre, one of Europe’s largest shopping malls, in Gateshead, near Newcastle. The shopping mall was opened in 1986 and contains around 330 retail outlets. The store will present itself ...
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News briefsMesse Frankfurt extends its event portfolio in Central Asia
Messe Frankfurt has announced the creation of seven brand events in Tashkent, Uzbekistan, involving textiles and clothing, automotive, cosmetics, logistics, and transportation. The line-up of shows include: Automechanika Tashkent; Futuroad Expo Tashkent; and Scalex Tashkent: Oct. 23-25, 2024. Heimtextil Uzbekistan; Texworld Tashkent; and Apparel Sourcing Tashkent: Nov. 6-8, 2024. ...
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News briefsH&M and Arvind test sustainable dyeing alternative
H&M Group is testing a new dyeing alternative by Mumbai-based Deven Supercriticals at its partner factory Arvind that is said to reduce water, energy and chemical use during the dyeing process. Unlike conventional dyeing methods, which heavily rely on water and chemicals, the Suprauno dyeing technology, engineered by Deven, uses ...
