Interbrand released its Best Global Brands 2019 report, marking 20 years of the agency tracking the world’s most valuable brands. Sporting goods made a relatively sparse showing, with only Nike (up 7 spots to 16th place) and adidas (up 11 spots to 45th place) placing in the top 100 global brands.
In honour of Breast Cancer Awareness Month, adidas by Stella McCartney has launched a post-mastectomy sports bra, to cater for the needs of women who have had surgery as part of their treatment for breast cancer.
Designed in partnership with bra expert and consultant, Monica Harrington, the bra aims to help women introduce sport and fitness back into their lives.
Thirty-two luxury, fashion and textile companies have signed a new commitment to protect climate, biodiversity and the oceans of the world, calling the new initiative the Fashion Pact.
Representatives presented the idea of the new agreement to the president of France, Emmanuel Macron, at a special meeting in Paris on August 23. Mr Macron arranged for the leaders of the G7 group of the wealthiest states in the world to see a presentation on the Fashion Pact during the G7 Summit in Biarritz, which takes place from August 24-26.
Sports group adidas has reported first-half revenues of €11.4 billion, 5% up on the figure for the first half of 2018. Operating profit increased by 13% to reach €1.5 billion.
Commenting on the results, chief executive, Kasper Rorsted, said adidas had achieved double-digit increases in revenues in two areas it had targeted for strategic growth, China and e-commerce.
Even as trade war jitters and changes in sourcing have shaken the footwear industry in the United States and abroad, a new report claims the sector should still expect solid growth in demand over the next four years.
In its most recent batch of “Focus Reports,” The Freedonia Group, a division of MarketResearch.com, said the current footwear market will grow 4 percent in value, from $26.8 billion in 2018 to $32.6 billion in 2023. However, the growth will not be equally spread across categories.
Taiwan’s textile industry is attracting more and more international attention. Global brands such as Nike, Adidas, Uniqlo, etc. use functional fabrics from Taiwan, 70% of the international market, which makes the country one of the best textile manufacture suppliers in the world. As well as the talent, experience and the healthy relationship with big global manufacturers, there’s a big effort in Taiwan’s textile machinery supply chain.
Global sportswear giant Adidas aims at eliminating the use of virgin plastics in its products by 2024 — with a little help from a Maharashtra-based firm — the only one of its kind in the country to produce yarn out of discarded PET bottles.
At its first factory set up in Nashik five years ago, Polygenta Technology Limited deploys an unique technology to break down used PET (short for Polyethylene Terephthalate) bottles and convert them into polyester filament yarn.
Lidl, the fourth largest retailer worldwide, wants all toxic textile chemicals out of its textile products by 1 January 2020, a decision taken under Greenpeace’s pressure. A release said, Lidl is aware of its responsibility for people and the environment. It is its priority to eliminate their use across Lidl’s supply chain and operations for all footwear and apparel.
Tri Ocean Textile Co is a Taiwan-based company primarily engaged in the weaving, dyeing, processing and distribution of fibers and fabric products, yesterday unveiled that it plans to close its nylon division next year, aiming to transform itself into a polypropylene yarn making company due to higher prices and better market sentiment the product commands.
