Performance apparel markets: business update, August 2022
This report provides information, analysis and valuable insight into developments relating to the performance apparel industry in the following categories: capacity expansions, investments, new facilities, recommerce, and recycling. Brands, companies and other organisations featured in this report include: Allbirds, Avantium, Columbia Sportswear, Eastman, HeiQ, lululemon athletica (lululemon), Novoloop, Puma, Spinnova, Trove, and VF Corporation.
- SUMMARY
- ACQUISITIONS, DIVESTMENTS AND MERGERS
- Authentic Brands Group (ABG) has acquired Reebok
- Gildan Activewear has acquired Frontier Yarns for US$168 mn
- Investment company Blackstone has entered into a definitive agreement to acquire a majority stake in Spanx
- Pulcra Chemicals has acquired Devan Chemicals
- ENVIRONMENTAL SUSTAINABILITY
- The Microfibre Consortium (TMC) has launched The Microfibre 2030 Commitment
- Ventile has eliminated the use of perfluorinated and polyfluorinated compounds (PFCs) in the manufacture of its fabrics
- INVESTMENTS
- Infinited Fiber Company has secured Euro30 mn worth of investment
- lululemon athletica has invested in biotechnology company Genomatica to develop an environmentally sustainable nylon fibre
- Spiber has secured ¥34.4 bn (US$300 mn) in funding to scale up production and exploit commercial opportunities globally
- The Biomimicry Institute has secured Euro2.5 mn (US$2.9 mn) worth of investment to launch a pilot project relating to the decomposition of textile waste
- JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
- Authentic Brands Group (ABG) has entered into a licensing agreement with Aditya Birla
- Fashion and Retail Limited (ABFRL) relating to the distribution and sale of Reebok branded products
- Natural Fiber Welding (NFW) has entered into a partnership agreement with Patagonia to improve the circularity of the textiles industry
- Nike has formed a partnership with Newlight Technologies to develop products made using an environmentally sustainable biomaterial called AirCarbon
- Teijin Polyester has constructed a facility to convert post-consumer waste polyethylene terephthalate (PET) plastic bottles into polyester chips
- The Gore Fabrics Division of W L Gore & Associates (Gore) has formed a partnership with Fashion for Good
- The North Face has formed a partnership with Spinnova to develop high performance fabrics which are environmentally sustainable
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