Performance apparel markets: business update, March 2018
This report provides information, analysis and valuable insight into developments relating to the performance apparel industry in the following categories: acquisitions, divestments and mergers; corporate strategy; investments; and joint ventures, cooperation, licensing and distribution. Brands, companies and other organisations featured in this report include: 2XU, Gill Mix Green (GXG), Helly Hansen, Icebreaker, Invista, Kraig Biocraft Laboratories, Microban International, Mount Vernon FR, Musto, Myant, Original Footwear, PrimaLoft, Shandong Ruyi, Tanatex Chemicals, VF Corporation and Wolverine Worldwide.
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Helly Hansen has acquired the sailing and equestrian sports apparel brand Musto
Invista has entered into a definitive agreement to sell its Apparel & Advanced Textiles business to Shandong Ruyi
VF Corporation has entered into a definitive agreement to acquire Icebreaker
Wolverine Worldwide has sold the assets associated with its United States Department of
Defense (DoD) contract business
CORPORATE STRATEGY
Mount Vernon FR has announced that its fabrics are available for purchase in several new markets worldwide
INVESTMENTS
Myant has committed to investing C$100 mn in an “advanced manufacturing supercluster”
PrimaLoft has successfully recapitalised its business as part of its strategy for growth
JOINT VENTURES, COOPERATION, LICENSING AND
DISTRIBUTION
2XU HAS ENTERED INTO A JOINT VENTURE WITH GXG IN ORDER TO OPEN PHYSICAL RETAIL STORES IN
China
Microban International has entered into a distribution partnership with Tanatex Chemicals
NEW FACILITIES
Kraig Biocraft Laboratories has opened a new research and production centre in Michigan,
USA
ACQUISITIONS, DIVESTMENTS AND MERGERS
Helly Hansen has acquired the sailing and equestrian sports apparel brand Musto
Invista has entered into a definitive agreement to sell its Apparel & Advanced Textiles business to Shandong Ruyi
VF Corporation has entered into a definitive agreement to acquire Icebreaker
Wolverine Worldwide has sold the assets associated with its United States Department of
Defense (DoD) contract business
CORPORATE STRATEGY
Mount Vernon FR has announced that its fabrics are available for purchase in several new markets worldwide
INVESTMENTS
Myant has committed to investing C$100 mn in an “advanced manufacturing supercluster”
PrimaLoft has successfully recapitalised its business as part of its strategy for growth
JOINT VENTURES, COOPERATION, LICENSING AND
DISTRIBUTION
2XU HAS ENTERED INTO A JOINT VENTURE WITH GXG IN ORDER TO OPEN PHYSICAL RETAIL STORES IN
China
Microban International has entered into a distribution partnership with Tanatex Chemicals
NEW FACILITIES
Kraig Biocraft Laboratories has opened a new research and production centre in Michigan,
USA
