September 20, 2023 KMD Brands’ Profit Slips despite Double-Digit Top Line Gains
Net income for the fiscal year ended July 31 inched down 1% to NZ$36,614,000 ($22.6 mm) from NZ$36,828,000 on revenue that improved 13% to NZ$1,102,994,000 ($682.1 mm) from NZ$979,802,000. Nike Remains King on Apparel Brand Value List
Nike retained its crown as the world’s most valuable apparel brand in the 2023 Apparel 50 ranking from Brand Finance, although its brand value declined 6% to $31.3 billion last year. Allbirds Partners with Two International Distributors
The sustainable sneaker maker has completed its first two international distribution deals, finalizing agreements for Canada and South Korea, as it looks to shift from a direct go-to-market model to third party distribution. MycoWorks Opens New SC Factory
The biotechnology company began production at its 136,000-sq.-ft. factory in Union, SC, marking it as the world’s first full-scale alternative leather factory. Etcetera: Bass Pro, Foot Locker, Kith, GT Bicycle, Eleiko
|