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Hsg becomes majority shareholder of Golden Goose

Hsg has become the majority shareholder of Golden Goose Group. The international venture capital and private equity firm has completed the acquisition of a majority stake in the company. Marco Bizzarri appointed non-executive chairman with immediate effect Global investment company Temasek and True Light Capital, an asset manager wholly owned by...

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Nike names new chief financial officer

Nike has appointed David M. Denton as executive vice president and chief financial officer, as the sportswear giant continues to drive forward with its ‘Win Now’ turnaround strategy. Denton will join Nike on August 17, replacing the American sportswear brand’s current CFO Matthew Friend, who will step down from his role and remain with the...

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Castore acquires majority stake in shoe and bootmaker Grenson

British sportswear brand Castore, founded by Tom and Phil Beahon, has acquired a controlling stake in heritage shoemaker Grenson, which has been making footwear in Northamptonshire, England, since 1866. According to Grenson’s Companies House filings, J Carter Sporting Club Limited, the parent company of Castore, has acquired a 75 percent stake...

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Heat stress: the very real supply chain risk the fashion industry can no longer ignore

The temperature is 35 degrees celsius but feels like 40 degrees due to the humidity. The air is stifling, the garment dust making it hard to breathe. The old ceiling fan is creaking and full of dust too, barely cooling the air. Workers, used to not drinking too much to avoid frequent bathroom breaks, sip on water spiked with electrolytes but...

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