Headwear News

Recent industry report about Headwear company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Headwear Market industry experts.

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Headwear News

  • June 2023: AC Milan and the renowned international lifestyle brand New Era unveiled an exclusive headwear collection. This debut collection boasts an array of New Era styles, offered in AC Milan's iconic red and black colors, as well as a curated selection of seasonal colorways aimed at catering to lifestyle enthusiasts.
  • May 2022: PUMA, the global sportswear giant, introduced a limited edition headwear collection comprising three distinct styles, all adorned with the logo of Hometown Heroes. PUMA's legendary classic hometown heroes inspire this unique design.
  • May 2022: Cap America completed the acquisition of Wear-A-Knit, a Minnesota-based custom knitwear company. This strategic move empowers Cap America to further expand its USA-made knit department, solidifying its position as one of the top 40 suppliers in the industry.
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  • December 2022: TextileGenesis™, a pioneering traceability platform custom-built for the textile ecosystem, was acquired by Lectra. Lectra is a company that offers consultancy and professional services to companies in many different sectors. This provides its customers with a vast collection of fashion.
  • August 2022: Archroma to acquire the Textile Effects business of Huntsman. Both Archroma and Textile Effects are founding members of Sustainable Chemistry for the Textile Industry (SCTI), an alliance of leading chemical companies that strives to empower the textile and leather industries to apply sustainable, state-of-the-art chemistry solutions.
  • June 2023: AC Milan and the renowned international lifestyle brand New Era unveiled an exclusive headwear collection. This debut collection boasts an array of New Era styles, offered in AC Milan's iconic red and black colors, as well as a curated selection of seasonal colorways aimed at catering to lifestyle enthusiasts.
  • May 2022: PUMA, the global sportswear giant, introduced a limited edition headwear collection comprising three distinct styles, all adorned with the logo of Hometown Heroes. PUMA's legendary classic hometown heroes inspire this unique design.
  • May 2022: Cap America completed the acquisition of Wear-A-Knit, a Minnesota-based custom knitwear company. This strategic move empowers Cap America to further expand its USA-made knit department, solidifying its position as one of the top 40 suppliers in the industry.
  • August 2022: Adidas unveiled a new sportswear capsule collection. The new capsule collection features versatile pieces with minimalist aesthetics that are comfortable and can be worn throughout the day, and several are crafted partially from recycled materials. Some of the pieces include a women's rib dress, a men's classic tee paired with woven pants and a coach jacket, and a women's oversized hoodie with a rib crop top and biker shorts, among others.
  • May 2022: Under Armour announced its plan to develop a direct-to-consumer platform, UnderArmour.com, after hiring Underdog Athletics as its local distributor and master franchisee in India shortly.
  • February 2022: New Balance partnered with Myntra India. The company's products were made available on the platform for retailing in India. With this association, New Balance will sell a range of products on Myntra across footwear, apparel, bags, and sports accessories. The company announced its plans to start with more than 50 stock-keeping units (SKUs) and raise that number to more than 100 in the following months.
  • September 2023: H&M India revealed its expansion plans in Hyderabad by inaugurating its third store in the city. The company currently boasts 55 stores spread across 28 cities in the country.
  • August 2023: Reliance Retail introduced its youth-oriented fashion brand 'Yousta' with the opening of its inaugural store in Hyderabad's Sarath City Mall. The 'Yousta' range is also available on e-commerce platforms such as Ajio and JioMart.
  • May 2023: German sportswear giant Adidas, in partnership with designer Rich Mnisi, unveiled a special apparel collection for Pride 2023. The Adidas x Rich Mnisi range encompasses signature silhouettes in Adidas Originals, football, cycling, sportswear, and swimwear. Additionally, the collection features garments crafted partly from recycled materials and in collaboration with Better Cotton.
  • September 2023: Puma SA unveiled an exciting collaboration with the renowned pop sensation Rihanna, marking the launch of their latest collection of athletic footwear and sportswear under the exclusive Fenty * Puma product line. The standout piece within this collection is a football-inspired shoe, drawing inspiration from the avant-garde, boasting a distinct football trend design, and crafted from sumptuously soft vintage leather.
  • September 2023: Nike Inc. introduced their highly-anticipated basketball shoe collection, Luka 2. These cutting-edge products are constructed with a full-length Formula 23 foam for exceptional cushioning and feature an innovative Isoplate foot frame for added support. What sets these shoes apart is their eco-conscious manufacturing process, with 20% of the materials used being recycled, showcasing Nike's commitment to sustainability.
  • September 2022: Asics Corporation introduced the Novablast 3, an innovative addition to their footwear lineup. These shoes are characterized by a striking geometric Origami design infused with Asics' cutting-edge technology, delivering a unique cushioning experience that promises a responsive and energetic running adventure.
  • January 2023: Victoria's Secret & Co. announced a 100% acquisition of Adore Me Inc., a digitally native intimate brand. The acquisition is designed to help the lingerie and beauty product retailer expand its online and offline audience.
  • May 2022: Triumph International (India), one of the world's leading manufacturers of lingerie, unveiled its 2022 collection for brand 'Triumph,' its sportswear brand 'Triaction' along with their sister brand 'Sloggi' - the world's most comfortable innerwear brand, at the 12th Annual Triumph Fashion Show.
  • February 2022: MAS Holdings partnered with ByondXR, a well-known digital retail store software, to create virtual showrooms that aim at enhancing the retail experience. Through this collaboration, MAS may showcase its new collections to global brands in virtual showrooms.
  • July 2022: Kontoor Brands' Wrangler, a United States-based jeans giant, expanded its retail network in India by adding the 39th store for denim in the country. The company's CEO announced that they plan to expand the offline retail footprint by adding 100 more stores of Lee & Wrangler in the current fiscal year.
  • March 2022: Gap Inc. opened its First Shop-In-Shop on oxford street, United Kingdom, through a joint venture agreement with NEXT PLC. The Gap store, which has over 4,000 square feet of retail space and is the largest brand shop inside the store, represents the brand's reimagined approach to retail in the United Kingdom with an open, modern, and basic design.
  • March 2022: M&S unveiled its first capsule collection for The Jeans Redesign project. The new range has been responsibly sourced to meet the project's guidelines set out by the Ellen MacArthur Foundation and co-developed with over 80 denim experts.
  • September 2021: Ray-Ban Stories marked Facebook's long-awaited entry into the smart glasses market. The new Wayfarer-style smart glasses come equipped with a pair of cameras for photos and videos, a microphone, and a speaker. They were unveiled in collaboration with the eyewear manufacturer Essilor Luxottica.
  • August 2021: Safilo announced the launch of us.carreraworld.com, a new United States e-commerce platform for its core sunglass brand Carrera. The site is dedicated exclusively to sunglasses.
  • July 2021: Luxottica Group introduced new travel retail exclusive Ray-Ban and Oakley sunglasses designs. The collection comprises two frames designed exclusively for Asia Pacific markets, as Luxottica continues to shift its strategic focus to the region. The State Street and Asian Design styles from Ray-Ban are among the travel retail exclusive releases, and the new Sutro Lite style from Oakley is available in two colorways.
  • November 2022: The New Concepts Nordstrom platform and the British luxury brand Burberry announced the debut of Concept 019: Burberry with the introduction of a capsule collection and several in-store installations. The capsule collection includes outerwear staples, including trench coats and puffer jackets, while ready-to-wear and accessories for men, women, and children include graphic T-shirts, knitwear, tailoring, bags, shoes, and scarves.
  • September 2022: Hermès International S.A. announced the opening of a new duplex store offering a range of premium apparel within the Union Square shopping mall in Ho Chi Minh City, Vietnam.
  • February 2022: LVMH announced its plans to acquire the United States-based luxury brand, Ralph Lauren. The company intends to increase its worldwide brand development. In a developing market like Saudi Arabia, where Ralph Lauren already has an omnichannel presence, this purchase will allow brands to mold themselves according to the region's demographic trends and deliver new-end products to Saudi consumers.
  • In July 2022, Rent the Runway partnered with Saks Off 5th to offer customers pre-owned designer items on its website, which now features a "pre-owned" section.
  • In April 2022, through the launch of Reloop, David Jones expanded its partnership with the fashion rental platform GlamCorner. With Reloop, which GlamCorner developed, customers can participate in the circular economy whenever they choose to shop consciously.
  • In May 2022, The clothing subscription service Nuuly recently launched its latest ready-to-rent collection following collaborations with designers like Anna Sui and the launch of its resale platform last year.

Headwear Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)