Business

2022-05-12

adidas grows double-digit in Western markets in Q1

“In the first quarter, consumer demand for our brand and products was strong in all Western markets. Our combined sales in North America, EMEA and Latin America grew at a double-digit rate. Backed by an exceptionally strong wholesale order book and relentless focus on driving growth in our own DTC channels, we expect this positive development to continue for the rest of the year,” said adidas CEO Kasper Rorsted.

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Business

2022-05-12

In the first three months of 2022, HUGO BOSS continued its strong financial and operational performance, posting significant top- and bottom-line improvements year-on-year. Group sales increased 52% currency-adjusted to EUR 772 million (Q1 2021: EUR 497 million), marking the strongest first quarter in the history of HUGO BOSS from a top-line perspective.

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Business

2022-05-05

“We achieved strong growth in both top line and profitability in the first quarter, continuing our growth trajectory and confirming our strategy to deliver sustainable profitable growth,” said Roland Fischer, CEO Oerlikon Group.

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Business

2022-03-31

Ascend Performance Materials has reached an agreement to acquire the compounding division of Formulated Polymers Limited, a leading engineered materials manufacturer in Chennai, India. This acquisition will establish Ascend’s first manufacturing base in the subcontinent and strengthen Ascend’s global reach in the electrical and e-mobility application space.

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Business

2022-03-24

The shareholders of Autoneum Holding Ltd approved all proposals of the Board of Directors at today’s Annual General Meeting and agreed to the proposed dividend of CHF 1.50 per share. Norbert Indlekofer becomes a new member of the Compensation Committee following the previously announced departure of This E. Schneider.

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Business

2022-05-25

VF Corporation reports broad-based growth in fourth quarter and introduces full year fiscal 2023 outlook

VF Corporation (NYSE: VFC) today announced financial results for its fourth quarter (Q4'FY22) and fiscal year ended April 2, 2022 (FY22).

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Business

2022-05-05

Start of the year burdened by cost inflation and customer inventory issues, outlook updated

Suominen Corporation has published its interim report for January 1 – March 31, 2022.

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Business

2022-05-05

Renewcell publishes report for the 1st quarter 2022

Strong customer interest – Letters of intent and customer agreements amount to 143% of the 60,000 metric tons planned to be established in Renewcell 1.

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Business

2022-04-28

Levi Strauss & Co. reports first-quarter 2022 financial results, exceeding expectations

Levi Strauss & Co. (NYSE: LEVI) today announced financial results for the first quarter ended February 27, 2022. "We started the year with strong consumer demand and solid momentum across geographies, channels and categories," said Chip Bergh, president and chief executive officer of Levi Strauss & Co.

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Business

2022-03-03

Kontoor Brands reports 2021 fourth quarter and full year results and provides 2022 outlook

Kontoor Brands, Inc. (NYSE: KTB), a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today reported financial results for its fourth quarter and year ended January 1, 2022.

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Older News

Business

2022-03-03

Strong full year 2021 for Covestro

Covestro had a successful fiscal year 2021. The Group benefited from strong global demand and buoyant earnings in the year as a whole. Core volumes sold increased by 10 percent year on year, mainly due to additional volumes from the Resins & Functional Materials (RFM) business acquired from DSM. In particular, the rise in selling prices on the back of high demand meant that Group sales increased by 48.5 percent to EUR 15.9 billion (previous year: EUR 10.7 billion) – the highest ever level in Covestro’s history.

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Business

2022-03-03

Lenzing successfully opens world’s largest lyocell plant in Thailand

The Lenzing Group, the world’s leading supplier of wood-based specialty fibers, is pleased to announce the successful completion of its key lyocell expansion project in Thailand. The new plant, the largest of its kind in the world with a nameplate capacity of 100,000 tons per year, started production on schedule and will help to even better meet the increasing customer demand for TENCEL™ branded lyocell fibers. For Lenzing, the pro-ject also represents an important step towards strengthening its leadership position in the specialty fiber mar-ket and into a carbon-free future.

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Business

2022-03-03

adidas completes divestiture of Reebok and launches new share buyback program

adidas announced today that as of February 28, 2022, it has formally completed the divestiture of Reebok to Authentic Brands Group (ABG). In several markets, adidas will continue to operate the business on behalf of ABG during a transition period, following which the Reebok business will fully transfer to ABG’s operating partners via a series of deferred local closings.

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News Archive
2022-03-03

2021 financial year: Autoneum grows profitability and earnings in a difficult environment

2022-03-03

Saurer sells its embroidery business to Lässer

2022-02-24

Business situation and expectation remain very favourable along the global textile value chain

2021-12-16

Hong Kong export growth set to slow to 8% in 2022 - COVID-19 volatility and spiking logistics costs impact sentiment

2021-11-11

adidas performed well in a challenging environment during Q3 2021

2021-11-04

Toray to increase prices of automotive airbag yarn and fabrics

2021-11-04

Earnings more than doubled in first nine months of 2021

2021-10-28

Ahlstrom-Munksjö Holding 3 Oy pre-announces its third quarter sales and comparable EBITDA

2021-10-28

Unifi announces strong first quarter fiscal 2022 results and increases full year fiscal 2022 outlook

2021-10-28

Autoneum adjusts outlook for the current financial year

2021-10-14

Clearlake capital-backed Unifrax completes acquisition of Lydall

2021-10-13

Messe Frankfurt restructures its Textile Business Unit with personnel changes for the Texpertise Network

2021-09-09

Rieter CAMPUS – Foundation stone laid

2021-08-26

Trützschler establishes the Trützschler Foundation

2021-08-26

AUTEFA Solutions supplies needle punching lines for Geotextile production to Confidence Infrastructure Ltd., Bangladesh

2021-08-26

KARL MAYER with new head office building

2021-08-19

adidas to sell Reebok to Authentic Brands Group (ABG)

2021-08-18

Saurer sells Accotex, Temco and Autoconer businesses to Rieter

2021-08-17

Statement Picanol Group following press release Rieter Holding

2021-08-17

Rieter acquires three businesses from Saurer

2021-08-12

Strong second quarter with momentum for high earnings

2021-08-12

Levi Strauss & Co. to acquire activewear brand Beyond Yoga

2021-08-12

SGL Carbon delivers strong first half of 2021 – transformation program and improving order situation show first successes

2021-08-12

adidas increases full-year outlook as top-line momentum accelerates