SGB Update Apparel

Cotopaxi Opens Pop-Up in Georgetown

The pop-up shop in Washington, D.C.’s Georgetown neighborhood, at 1057 Wisconsin Avenue, represents the company’s second pop-up and third on the East Coast.

Remark Closes on $16 Million Series A Funding Round

The round was led by Inspired Capital, with participation from Stripe, Neo, Spero Ventures, Shine Capital, and Visible Ventures, bringing the company’s total funding to $27 million. Remark describes itself as an AI company making online shopping more human.

Foreign Rider Opens Flagship Store in Salt Lake City

The store also serves as a gallery, allowing customers to “touch and feel each fabric, to see where the product fits into travel, daily performance and recovery,” the company stated in a media release.

Altri Acquires Majority Stake in Fiber Specialist AeoniQ

Portuguese fiber producer Altri SGPS S.A. has agreed to acquire a majority interest in Swiss clean technology company AeoniQ to support the commercial-scale development of a biodegradable cellulose-based filament designed to replace polyester and nylon.

StockX Names Senior Director of Customer Community and Engagement

Brendan Dunne will oversee editorial content and deepen the company’s connection with its audience of primarily Millennials, Gen Z, and increasingly, Generation Alpha. Previously, Dunne worked at Complex, overseeing editorial strategy, partnerships and content.

Perfect Moment Raises $3M in Stock Sale

The London-based skiwear and activewear company reported that it sold 10 million shares for $0.30 a share. In addition, the company has granted the underwriters a 45-day option to purchase up to an additional 1.5 million shares to cover over-allotments

Lululemon Sues Costco Over Alleged Copycat Yoga Pants

The brand is seeking a court order to prevent Costco from manufacturing, importing, advertising, and selling the alleged LULU counterfeit products. It also wants Costco to pull all ads that promote the products and is asking for compensation for lost profits.

Gaia Appoints CEO

Kiersten Medvedich, company president, has been promoted to CEO.  She continues to report to Gaia Founder and Executive Chairman Jirka Rysavy. Medvedich joined Gaia in 2016 as senior director of content.

Alo Yoga to Open First Store in Alabama

The Los Angeles, CA-based lifestyle brand specializing in luxury activewear, announced plans to open a stand alone shop in The Summit a one-million-square-foot upscale shopping mall with over 100 stores and restaurants located in Birmingham.