New Balance announced the signing of international standout Yunus Musah to its growing global football roster. With 47 caps already at 23 years old, Yunus continues the brand’s momentum of attracting the game’s best young talent, following the recent additions of Yan Diomande, Djed Spence, Samu Aghehowa and Tyler Dibling earlier this year.

Born in New York to Ghanaian parents, Yunus developed at Arsenal before beginning his senior career in La Liga with Valencia CF in 2020, quickly rising through the club’s youth and reserve teams. At just 17 years old, he became the youngest non-Spanish goalscorer in Valencia’s history, announcing himself as a fearless, explosive presence in the midfield. 

New Balance has signed US international midfielder Yunus Musah to its global football roster, strengthening its line-up of young talent.
The 23-year-old has earned 47 caps for the USMNT and was named US Soccer Young Male Player of the Year in 2022 after standout World Cup performances.
His signing follows recent additions including Yan Diomande, Djed Spence, Samu Aghehowa and Tyler Dibling.

Yunus continues to make his mark at the highest levels of the game, competing both domestically and internationally. A key figure for the US Men’s National Team, he became the youngest American to start a match on the game’s biggest global stage. At the 2022 tournament in Qatar, he earned international praise as a breakout young player, highlighted by standout performances against England and Iran. That same year, he was named US Soccer Young Male Player of the Year. On loan from AC Milan, Yunus currently plays for Atalanta BC, a New Balance-sponsored club.

“From my first meeting with the brand, I could tell New Balance was the right fit,” said New Balance athlete Yunus Musah. “I immediately noticed the quality of the kits, and when I put on my first pair of boots, I could feel how well-crafted and comfortable they were. Knowing that we share the same shared vision and values, I’m excited about what we can build together and where our relationship can go.”

“Yunus represents an exciting young talent in global football and has already made his mark on the international stage with the United States,” said Andrew McGarty, Senior Director of Global Football Sports Marketing at New Balance. “He’s a dynamic, versatile midfielder with a fearless approach to the game, and as an American brand, we’re proud to welcome him to our roster and excited about what we can build together as he continues to grow at the highest level.”

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (JP)

Vietnam will continue working closely with the US to soon finalise a fair and balanced reciprocal trade agreement, Prime Minister Le Minh Hung said during his reception for Ambassador Rick Switzer, Deputy US Trade Representative, in Ha Noi on May 20, according to VGP,Viet Nam Government Portal.

Hung said the agreement would help further deepen economic, trade and investment cooperation as the main driving force for Vietnam-US relations.

He stressed that Vietnam does not pursue a policy of overcapacity and that Vietnamese enterprises operate under market principles. He noted that the two economies are complementary rather than directly competitive.

Vietnam and the US will continue working towards a fair and balanced reciprocal trade agreement, Prime Minister Le Minh Hung said during talks with Deputy US Trade Representative Rick Switzer.
Both sides said the pact would deepen economic, trade and investment ties, while Vietnam reaffirmed its stance on market principles, forced labour and IP protection.

He also emphasised that Vietnamese law strictly prohibits all forms of forced labour, adding that Vietnam has actively implemented international commitments in this area, including conventions of the International Labor Organisation (ILO) and obligations under various free trade agreements.

He also reiterated that firmly combating and strictly handling violations of intellectual property rights remain a national priority of Vietnam.

Switzer underscored the significance of a reciprocal trade agreement for bilateral economic and trade cooperation. He praised the constructive cooperation and goodwill demonstrated by Vietnamese ministries, agencies, and the government negotiating team throughout the negotiation process.

He affirmed that both the Office of the US Trade Representative and he personally would continue to work closely with Vietnamese counterparts to soon reach the agreement, contributing to further advancing Vietnam-US relations in the years ahead.

Fibre2Fashion News Desk (JP)

American fashion group Tapestry, Inc, the parent company of Coach and kate spade, has reported strong third quarter (Q3) results, driven by robust sales growth, higher margins, and strong consumer demand across key global markets.

Net sales in Q3 of fiscal 2026 (FY26) ended March 28, increased 21 per cent year-over-year (YoY) to $1.92 billion, while pro forma net sales, excluding Stuart Weitzman, rose 25 per cent. On a constant currency basis, pro forma revenue increased 23 per cent.

Tapestry has posted strong Q3 FY26 results, driven by robust growth at Coach, higher margins, and strong demand across global markets.
Net sales rose 21 per cent to $1.92 billion, while operating income surged 69 per cent.
China led regional growth with a 61 per cent sales increase.
Strong digital and DTC momentum prompted the company to raise its FY26 revenue, margin, and EPS outlook.

“Our third quarter outperformance reflects the compounding benefits of our Amplify strategy, as we bring creativity, craftsmanship, and value to more consumers around the world,” said Joanne Crevoiserat, CEO of Tapestry, Inc.

She further said that with disciplined execution and the consumer at the centre of everything the company does, it is translating insights into action at scale, driving meaningful growth, expanding margins, and strengthening long-term brand desirability.

The gross profit rose 22 per cent to $1.48 billion, with gross margin improving by 80 basis points (bps) to 76.9 per cent. The company said operational improvements and the divestiture of Stuart Weitzman supported margin expansion, partly offset by tariff and duty-related pressures.

Operating income surged 69 per cent to $427.5 million, while operating margin improved sharply to 22.3 per cent from 16 per cent in the year-ago period, Tapestry said in a press release.

Coach drives growth as China sales surge 61 per cent

Net income climbed to $344 million from $203 million a year earlier, while diluted earnings per share (EPS) increased 74 per cent to $1.65.

Coach remained the key growth driver, with revenue increasing 31 per cent to $1.7 billion, while kate spade revenue declined 10 per cent to $219.6 million.

Regionally, China recorded the strongest growth, with revenue surging 61 per cent to $432.2 million. North America revenue rose 20 per cent to $1.1 billion, Europe increased 31 per cent to $118.6 million, and Other Asia grew 24 per cent to $116.3 million. Japan revenue declined 10 per cent.

During the quarter, Tapestry acquired over 2.4 million new customers globally, with Gen Z consumers accounting for more than 35 per cent of new customers. The company also reported over 20 per cent growth in handbag units at Coach alongside low double-digit growth in average unit retail (AUR).

Direct-to-consumer (DTC) revenue increased 23 per cent on a pro forma constant currency basis, supported by approximately 25 per cent growth in digital sales and more than 20 per cent growth in global brick-and-mortar sales.

Stronger-than-expected Q3 performance lifts FY26 outlook

The company now expects FY26 revenue of around $7.95 billion, representing reported growth of approximately 14 per cent YoY and 13 per cent growth in constant currency terms. Excluding Stuart Weitzman, pro forma revenue is projected to grow around 17 per cent.

Operating margin is expected to reach approximately 23 per cent, representing an expansion of around 300 bps over the prior year and exceeding earlier guidance.

Tapestry now expects diluted EPS of around $6.95, reflecting growth of more than 35 per cent over FY25 and above previous guidance of $6.4-6.45.

“We are raising our outlook for the fiscal year, underscoring the power of Tapestry and our commitment to driving durable growth and long-term shareholder value,” added Crevoiserat.

Fibre2Fashion News Desk (SG)