Performance Apparel Markets: Business Update, September 2023

Performance Apparel Markets: Business Update, September 2023


This report provides information, analysis and valuable insight into developments relating to the performance apparel industry in the following categories: acquisitions, divestments and mergers; branding; investments; joint ventures, cooperation, licensing and distribution; and recycling. Brands, companies and other organisations featured in this report include: adidas, Brooks Running, Coats Group, Fashion for Good, lululemon athletica (lululemon), Samsara Eco, Spinnova, Tearfil, Trevira, TrusTrace, and Werewool.


SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Thread manufacturer Coats Group (Coats) has launched a footwear division
BRANDING
Trevira has been renamed Indorama Ventures Fibers Germany
INVESTMENTS
Werewool has secured US$3.7 mn worth of investment to produce biodegradable performance fibres
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
Brooks Running has entered into a partnership with TrusTrace in order to map its supply chain
Spinnova and Tearfil have entered into a joint venture agreement relating to a research and development (R&D) yarn spinning line
RECYCLING
adidas has announced that 96% of the polyester used in its products is made using
recycled materials
Fashion for Good has launched a pilot operation which aims to increase the use of recycled materials in footwear manufacture
lululemon athletica (lululemon) and Samsara Eco have entered into a partnership agreement to scale circularity through textile-to-textile recycling

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