Asics Takes Stake In Developer Of Sustainable Sportswear Fabrics
Image Courtesy of Pyratex
ASICS Corporation (ASICS) announces that ASICS Ventures Corporation (ASICS Ventures), its investment subsidiary, has taken an equity stake in PYRATES Smart Fabrics, a Spanish start-up that develops and supplies advanced and responsible fabrics.
ASICS is currently planning a capsule collection release for the beginning of 2020, made from PYRATEX fabrics.
PYRATES Smart Fabrics is established in 2014 and led by Regina Polanco.
Following 3 years of R&D, PYRATES Smart Fabrics has developed a range of 9 PYRATEX knitted fabrics that can be applied in the field of sportswear, underwear, Prêt à Porter and athleisure.
And with high environmental performance and social consideration, some the fabrics are certified by OEKO-TEX® standard which assure the articles are harmless in human ecological terms.
Having received in 2019 the grant of phase 1 of Horizon2020 has been a confirmation from the European Union as an advanced textile company.
PYRATES Smart Fabrics aims to be a leading driver in the textile industry, through its naturally functional fabrics which it supplies through a b2b business model.
PYRATES Smart Fabrics participated in the first edition of the ASICS TENKAN-TEN Growth Catalyst – the global corporate acceleration program for sports & well-being growth stage start-ups.
Through the program ASICS provided high performance services, mentoring, networking and financial support that allowed PYRATES Smart Fabrics to expand their business and to get investment ready.
ASICS aim to include social and environmental considerations in all business decisions.
ASICS continues to introduce advanced technology for products to improve both sustainability and functionality, and shift to sustainable materials.
ASICS wishes to achieve sustainable growth by focusing on new business development efforts through ASICS Ventures.