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Performance apparel markets: business update, August 2022

Publisher Textiles Intelligence
Published Aug 01, 2022
Length 13 Pages
SKU # TXI17384998

Description

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.

Table of Contents

13 Pages
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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