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.
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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.