clothing News - Daily News Brief

Two Chinese TV Stars Cut Ties with Nike over Xinjiang Comments

March 25, 2021 by Fourth Estate Wire

Two Chinese TV stars decided to sever their ties with Nike over the sportswear manufacturing giant’s comments regarding the controversial violation of human rights and forced labor in the Chinese province of Xinjiang. Nike is only one of the Western …

Colombian Apparel Industry Demands Tariff Increases on Asian Imports

March 18, 2021 by Fourth Estate Wire

Colombian apparel companies ask the government to increase duties and tariffs on a recent surge of low-cost Asian imports that threaten job security for an industry that is down 120,000 workers since 2020. The Colombian government in Bogota responded to …

Birkenstock Selling Majority Stake to Private Equity Firm Catterton Partners

February 26, 2021 by Fourth Estate Wire

Footwear maker Birkenstock has agreed to sell a majority stake to Catteron Partners, a private equity firm specializing in luxury goods. Birkenstock announced the news in a press release earlier today, saying that they hoped the partnership would increase production, …

Adidas Will Sell Reebok Business

October 22, 2020 by Fourth Estate Wire

German sportswear giant Adidas is planning to sell its Reebok division, as the group is currently seeking to put an end to the ill-fated investment in the United States-focused brand.