RYU Inks LOI to Partner with Nylstar to Improve its Supply Chain and Implement its Sustainability Program

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

RYU Inks LOI to Partner with Nylstar to Improve its Supply Chain and Implement its Sustainability Program

Canada NewsWire

VANCOUVER, Nov. 21, 2019 /CNW/ - RYU Apparel Inc. (TSX VENTURE: RYU.V, OTCQB: RYPPF), creators of urban athletic apparel, is pleased to announce a Letter Of Intent (LOI) has been signed with Spanish-based company Nylstar, in order to achieve valuable improvements in its entire supply chain and to reach the highest possible level of sustainability in its production circle.

Barcelona-based Nylstar has been producing the highest quality nylon yarns since 1953, and already supplies some of the largest apparel retailers in the industry; its Meryl® brand has always focused on three fundamental qualities -- touch, quality, and sustainability -- and has promoted a new sustainability standard under the Nateo® label that will be the basis of RYU's sustainability programs.

The partnership with Nylstar will offer RYU the opportunity to improve the quality of its products, optimize its entire supply chain, and design recyclable garments under Nateo® programs that will keep the company at the forefront of the industry.  

"The transformation of consumer priorities has taken the industry with the pants down, and I have personally faced this challenge, visiting companies around the world until I have met Alfonso Cirera the owner of Nylstar who shares with me the need for a comprehensive and radical solution to become genuinely sustainable," said Marcello Leone, CEO of RYU.  "Sustainability is a big topic in the media and we need to do our best to make our industry as sustainable as possible. Joining our forces with this new partner and having access to the Meryl yarn is a big step forward for RYU and we look forward to the results we can achieve, not only for ourselves but also for our entire industry, always keeping an eye on the quality RYU is known for".

As Alfonso Cirera, President of Nylstar, explains, "The total trust from the brand is essential to be able to intervene radically in the collections. I am convinced that together with RYU we will be able to turn it into a disruptive brand that really thinks like the Tesla of fashion".

About Nylstar

Established in 1923 on the Mediterranean coast just north of Barcelona, Nylstar became one of the most important textile companies in Europe. Since 1953, at the same location in the Costa Brava, Nylstar has produced premium Nylon 6.6 yarns under its brand Meryl® brand.

Meryl®'s philosophy is to permanently engineer performance and functionality into its premium yarns to reduce or eliminate water consumption and energy and chemical use in downstream processing.  In 2016, Nylstar launched the Nateo® transparency in sustainability programs dedicated to reducing the negative impact of the textile sector on the environment.

About RYU

Respect Your Universe is an award-winning urban athletic apparel and accessories brand engineered for the fitness, performance and lifestyle of the athletic man and woman. Designed without compromise for fit, comfort, and durability, RYU exists to facilitate human performance. For more information, visit: http://ryu.com

On Behalf of the Board

RYU APPAREL INC.
"Marcello Leone"
Marcello Leone, CEO, President and Chairman of the Board
Tel: +1 604-235-2880

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content:http://www.prnewswire.com/news-releases/ryu-inks-loi-to-partner-with-nylstar-to-improve-its-supply-chain-and-implement-its-sustainability-program-300962644.html

SOURCE RYU Apparel Inc.

View original content: http://www.newswire.ca/en/releases/archive/November2019/21/c0068.html

Copyright CNW Group 2019

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).