SGB Update Apparel
AlgiKnit Raises $13 million In Series A Funding
AlgiKnit, a sustainable kelp yarn producer based in North Carolina, has received $13 million in a Series A financing round led by Collaborative Fund with participation from H&M CO:LAB and SOSV.
The Lycra Company Announces New Equity Ownership
The Lycra Company announced that a group of financial institutions, comprising Lindeman Asia, Lindeman Partners Asset Management, Tor Investment Management, and China Everbright Limited (“New Shareholders”), have gained complete equity control of the company.
Mitchell & Ness Partners With NHL
The NHL, Fanatics and Mitchell & Ness announced an agreement giving Mitchell & Ness official rights to create apparel and accessories for the NHL and its 32 teams.
Puma Extends Contract With AC Milan
Puma and AC Milan announced a long-term extension of their partnership, which was first established in 2018.
Running USA Elects Board Members
Running USA member representatives approved the election of five board members to three-year director terms, which begin July 1, 2022, and conclude June 30, 2025.
Stio Hires Industry Veterans To Lead Product Design And Development
Stio, the mountain lifestyle brand headquartered in Jackson Hole, WY, has hired Margaret Eder as product line director and Eryn Gregory as product design and development director.
HSBC x PVH Corp. Launch Sustainable Supply Chain Finance Program
HSBC Bank USA and PVH Corp. announced the launch of its sustainable supply chain finance program tied to environmental and social objectives and based on a suppliers sustainability ratings.
Puma To Open Distribution Center In Phoenix
Puma signed a 15-year lease for one million square feet of warehouse space in Glendale, AZ, outside of Phoenix,
Fitmint Secures First Seed Funding Round
Move-to-earn startup Fitmint raised seed funding of $1.6 million led by venture capital firm General Catalyst, with participation from iSeed, Kearny Jackson, Dweb3, and 1947 Rise, among others.
REI Set To Open Stores in Colorado And Missouri
REI Co-op on Friday, July 22 plans to open the doors to new stores in Glenwood Springs, CO, and Town and Country, MO.
Florence Marine X Announces New GM, Hawaii
Florence Marine X, an outdoor apparel company co-founded by two-time world champion surfer and Olympian John John Florence, announced that it had named Joel Centeio as GM, Hawaii.
Emerald Acquires Advertising Week Global Event Platform
Emerald Holding, Inc. announced that it had completed the acquisition of all the business assets under the name Advertising Week from Stillwell Partners.
Pou Sheng Names New CEO, Chairman
Pou Sheng, Yue Yuen’s Chinese retail subsidiary, appointed Wang Jun as CEO, effective July 1, succeeding Shao-Wu Lee who is stepping down to become chairman.
Sports Fandom Increases, Powered By New Digital Platforms
A new study by Nielsen and LaLiga Tech shows Millennial and Gen Z consumers are following more sports competitions than Gen X and Boomers but strongly prefer streaming and mobile experiences, including fantasy games.
Nike’s Q4 Tops Wall Street Targets
Nike, Inc. reported earnings in its fiscal fourth quarter ended May 31, down 5 percent year-over-year but topped Wall Street estimates. Sales were down one percent as a 7 percent decline in its wholesale segment was offset by a 7 percent gain in direct sales.
