Finnish recycled fiber company Infinited Fiber plans to build its first commercial-scale Infinna fiber factory at Stora Enso’s Veitsiluoto industrial site in Kemi, Finland’s northernmost region of Lapland. The size of the planned investment is around €400 million ($420 mm).
Category: Apparel
BreakingT Partners With NWSL
BreakingT, the fan apparel maker based in Washington, DC, entered into a licensed apparel agreement with the National Women’s Soccer League (NWSL).
Tennis Participation Outpaces All Racquet Sports
With an increase of nearly 5 million players since 2019, tennis participation in the United States is outpacing that of all other racquet sports, according to new analysis from Sports Marketing Surveys.
Nike To Fully Exit Russia
Nike plans to fully exit from Russia following its move three months ago to suspend operations there at the start of the Ukraine invasion, Nike said in an e-mailed statement to Reuters.
Duluth Holdings Appoints Board Member
Duluth Holdings Inc., the parent of Duluth Trading Company, announced the appointment of Susan Riley to its Board of Directors.
HanesBrands Announces Partnership With University Of Southern California
HanesBrands, the parent of Champion and Hanes, announced a new primary apparel partnership with the University of Southern California (USC).
JD Sports Outlines Plan To Improve Corporate Governance
J.D. Sports Fashion posted a record annual profit but warned that earnings would remain flat in the current financial year amid inflationary pressures. The retailer also laid out plans to overhaul its corporate governance structure and internal controls after a review led to the exit of long-time boss Peter Cowgill last month.
Blackcrows Names New Global Chief Commercial Officer
Blackcrows, the French freeskiing brand announced that Wanda Rozwadowska would join the company as Global Chief Commercial Officer.
Schoeller Textil Names Western Regional Sales Manager
Schoeller Textil AG announced that Mark Pikaart had joined its North America team as western regional sales manager.
Retail Groups Applaud Uyghur Forced Labor Prevention Act
In a joint statement, the American Apparel & Footwear Association, National Retail Federation, Retail Industry Leaders Association and The United States Fashion Industry Association applauded the implementation of the Uyghur Forced Labor Prevention Act.
Fanatics CEO Selling Ownership Stake In Philadelphia 76ers, New Jersey Devils
Fanatics CEO Michael Rubin announced plans to sell his 10 percent stake in Harris Blitzer Sports & Entertainment (HBSE), the parent company that owns the Philadelphia 76ers and New Jersey Devils. He cited a conflict of interest with Fanatics’ collectibles and planned sports betting operations.
Franchise Group Seeks Lower Price To Acquire Kohl’s
Retail holding company Franchise Group is considering lowering its bid for Kohl’s to closer to $50 per share from about $60, a source told CNBC.
Iowa’s Uptown Sporting Goods To Close
Uptown Sporting Goods in Carroll, IA is closing later this summer as its owners plan to retire, according to a report from Carroll Times Herald.
PeopleForBikes Ranks Best Places to Bike In The U.S.
For the sixth consecutive year, PeopleForBikes, in partnership with Trek Bicycle, published its ranking of the best cities in the U.S. to cycle. Of the 1,058 cities ranked, the top three for 2022 are Provincetown, MA; Davis, CA; and Fayette, MO.
Gymshark Appoints Marketing VP
Gymshark announced the appointment of Carly O’Brien to VP of marketing. She reports to Niran Chana, Gymshark’s president, International.
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