fashion brand extension news

25th Jan 2024

Italian companies Ohoskin and Recarbon are collaborating to create a sustainable material for automotive, marine, and furniture industries. The material combines Ohoskin's leather alternative made from orange and cactus byproducts with Recarbon's recycled carbon fibre. The resulting product is expected to be high-resistance, lightweight, and...

25th Jan 2024

Accrol has successfully acquired Severn Delta Limited, a wet wipe and tumble dryer sheet manufacturer, for less than 3x EBITDA before synergies. The move aligns with Accrol's strategy to diversify its household product offerings through strategic acquisitions. Severn Delta's capabilities and capacity will strengthen Accrol's wet wipe segment.

24th Jan 2024

P&G reports a 3 per cent increase in Q2 FY24 net sales, reaching $21.4 billion. Organic sales rose by 4 per cent, but diluted net earnings per share decreased by 12 per cent to $1.40. Core net earnings per share grew by 16 per cent to $1.84. Gross margin improved by 520 basis points. The company achieved net earnings of $3.5 billion in Q2 FY24.

24th Jan 2024

Autoneum experienced a substantial 27.6 per cent increase in consolidated revenue in Swiss francs for 2023, attributed to the acquisition of Borgers Automotive and a favourable market environment. Consolidated revenue reached CHF 2,302.3 million, with organic growth at 7.2 per cent. Europe and North America also saw significant revenue rises.

23rd Jan 2024

Yonex Co, the sporting goods manufacturer, has chosen Mitsui Chemicals Asahi Life Materials Co's Ecorise PLA spunbond nonwoven for packaging its tennis racquets, aligning with its eco-friendly practices. The switch from nylon cases to Ecorise packaging, featuring embossed Yonex logos and utilising ultrasonic welding, enhances sustainability.

23rd Jan 2024

Henkel inaugurated its largest Asia-based R&D centre in Shanghai, investing approximately 100 million RMB. The centre aims to attract top scientific talent and enhance local R&D capabilities in hair and laundry & home care. This state-of-the-art facility supports agile product innovations based on regional consumer habits across eleven Asian...

23rd Jan 2024

Web Industries has appointed Megan Glidden, CPA, as its chief financial officer. She brings her expertise to enhance Web Industries' financial functions, supporting the company's operations in aerospace, medical, personal care, and industrial markets. Glidden aims to contribute to the growth and success of Web Industries and its stakeholders.

22nd Jan 2024

Braskem and WEAV3D's Automotive Door Prototype Named Finalist in JEC Composites Innovation Awards 2024. The innovative prototype, utilising WEAV3D's lattice reinforcement with Braskem PP, offers lighter and cost-effective thermoplastic solutions for vehicle structures. Winners will be announced on Feb 8, with the prototype on display at JEC World...

22nd Jan 2024

Hello Bello, a leading family care products brand based in the US, has appointed Will Righeimer, CEO of Hyland's Naturals, as its new CEO under Hildred Capital Management's dual leadership strategy. The move aims to create a comprehensive pediatric and general wellness platform. Righeimer expressed excitement about the synergy between the companies.