Fashion
German sportwear adidas AG extends Bjørn Gulden as CEO until Dec 2030
Executive Board
The Supervisory Board of adidas AG has extended CEO Bjørn Gulden’s contract to December 31, 2030, and Michelle Robertson’s to December 31, 2031, ensuring leadership continuity.
Nassef Sawiris is set to succeed Thomas Rabe as chairman following the May 07, 2026 AGM, with Ian Gallienne proposed for re-election and Mathias Döpfner nominated as a new board member.
The Supervisory Board of adidas AG has extended Bjørn Gulden’s appointment as Chief Executive Officer until December 31, 2030. Bjørn Gulden has been a member of the Executive Board and Chief Executive Officer of adidas AG since January 1, 2023.
“With his long-standing experience, his deep understanding of our industry, his strong leadership, and his clear focus on quality growth, Bjørn Gulden drove the successful turnaround of adidas during the past three years”, says Thomas Rabe, Chairman of the Supervisory Board. “Under his leadership, adidas has made tremendous operational and financial progress in a challenging environment, laying a strong foundation for further sustainable top- and bottom-line growth in the future. The extension of his contract is a clear commitment to continuity, stability, and a continued trustful collaboration between the Executive Board and the Supervisory Board. We are convinced that, together with his Executive Board team, Bjørn Gulden will continue to make adidas successful in the long run.”
Moreover, the Supervisory Board of adidas AG has also extended the appointment of Michelle Robertson, responsible for Global Human Resources, People and Culture, until December 31, 2031.
“I am delighted to announce that we have also extended Michelle Robertson’s appointment. During the past two years, she has successfully driven the development and direction of the global HR organization and our corporate culture. She accelerated key initiatives in the areas of people & culture, talent development, and modern working environments, thus further improving the company’s performance and adidas’ position as an attractive employer brand“, says Thomas Rabe.
Supervisory Board
In view of the Annual General Meeting on May 7, 2026, the Supervisory Board of adidas AG has furthermore agreed to propose the re-election of Nassef Sawiris to the Supervisory Board for a further three-year term of office. Following the Annual General Meeting, the Supervisory Board intends to elect Nassef Sawiris as Chairman of the Supervisory Board. He is to succeed Thomas Rabe as Chairman, whose term of office will end as planned at the close of the upcoming Annual General Meeting.
Nassef Sawiris (65) has been a member of the Supervisory Board since June 2016, and has been Deputy Chairman of the Supervisory Board since 2025.
“With Nassef Sawiris, the Supervisory Board will win an experienced entrepreneur and investor as Supervisory Board Chairman. Nassef has already accompanied adidas for many years as a Supervisory Board member and has contributed significantly to the strategic development of the company. His significant shareholding in adidas through NNS underscores his strong and long-term commitment to the company and alignment with shareholder interests. In addition, his international perspective and entrepreneurial vision will strengthen adidas further in a dynamic market environment. As Chairman of the Supervisory Board, Nassef Sawiris will be a driving force in the continued successful collaboration with the Executive Board and will represent the interests of our shareholders in a responsible manner. I would like to wish him and the entire Supervisory Board every success for the future”, says Thomas Rabe, Chairman of the Supervisory Board of adidas AG.
Thomas Rabe (60) has been a member of the Supervisory Board since 2019 and Chairman since August 2020. Thomas Rabe’s term as Chairman was a period of change and stabilization, marking a strategic restart for adidas AG.
Nassef Sawiris says: “I am delighted about my nomination for the position of Chairman of the Supervisory Board of adidas AG. In a time when there are still huge opportunities for our company in a very attractive industry, it is particularly important to me to take an active part in shaping the future of adidas together with my Supervisory Board colleagues and the Executive Board. I greatly appreciate the achievements of Bjørn and his team so far, and I am looking forward to continuing our close collaboration as we jointly guide adidas into its next chapter. Already today, I would like to thank Thomas Rabe on behalf of all Supervisory Board members for his long-standing leadership, the trustful collaboration, and his achievements for the company.”
Besides Nassef Sawiris, the Supervisory Board will also propose to the Annual General Meeting in May 2026 that Ian Gallienne (55), Chairman of the Board of Directors, Groupe Bruxelles Lambert, be re-elected for a term of three years.
As a new member of the Supervisory Board, Mathias Döpfner, Chief Executive Officer of Axel Springer SE, will be proposed for election to the shareholders. Mathias Döpfner (63) has been Chief Executive Officer of Axel Springer SE since 2002, transforming the company from a traditional publishing house into a digital media group during this time. Thomas Rabe says: “Mathias Döpfner will complement the Supervisory Board perfectly with his strong executive leadership experience and his deep expertise in brand building, digital transformation, and corporate governance. He brings valuable strategic insight into global markets, consumer engagement, and commercial growth, making him a highly qualified candidate for our Supervisory Board.”
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 (RM)
Fashion
China boosts offshore wind capacity to speed up low-carbon transition
The country’s total wind power installed capacity hit 650 million kW at the end of February 2026—up by 22.8 per cent year on year (YoY), data from the National Energy Administration show.
China is developing several advanced offshore wind projects, fast-tracking its energy transition.
Its cumulative offshore wind installed capacity has surpassed 47 million kW, leading the world for five consecutive years.
China is now shifting its focus to deeper, more distant waters.
It has also developed a robust, clustered offshore wind industrial supply chain, with key hubs in coastal provinces.
Its cumulative offshore wind installed capacity has surpassed 47 million kW, leading the world for five consecutive years.
Generally, projects with water depths exceeding 50 metres are categorised as deep-sea offshore wind, and those over 65 kilometres from the shore as far-offshore wind.
China is now shifting its focus to deeper, more distant waters, where winds are stronger and more stable, but pose greater operational challenges.
In south China’s Guangdong Province, a major offshore wind farm project developed by China Huadian Corporation, situated off the coast of Yangjiang City, has started full-scale construction.
Located up to 89 km offshore, it will generate 1.6 billion kWh of clean power annually and reduce carbon emissions by 1.26 million tonnes upon completion, a state-controlled media outlet reported.
Meanwhile, in east China’s Shandong Province, the country’s deepest operational offshore wind farm has achieved full grid connection. The 504,000-kW project, developed by China Huaneng Group, operates in waters ranging from 52 to 56 metres deep, approximately 70 km offshore.
In south China’s Hainan Province, a pilot wind project has also commissioned its first grid-connected turbines, which are expected to generate 150 million kWh of clean power per year.
China has also developed a robust, clustered offshore wind industrial supply chain, with key hubs in coastal provinces like Guangdong, Jiangsu, Shandong and Fujian, covering turbine manufacturing, auxiliary equipment, construction and installation, and operation and maintenance services.
In Shantou, Guangdong Province, local authorities are exploring diversified utilisation models for offshore wind to build a world-class high-end offshore wind equipment cluster.
Key components for wind turbines, including generators, gearboxes, and bearings, are produced and assembled seamlessly within the industrial cluster, reducing long-distance transportation costs and the risk of damage.
The city also boasts a key offshore wind innovation hub, equipped with a training centre and an advanced wind turbine testing platform, which provides professional technical support and performance testing services for the global offshore wind industry.
In Yancheng, east China’s Jiangsu Province, China’s largest offshore wind industrial cluster has taken shape, with a complete supply chain. Its total wind turbine production capacity accounts for over 40 per cent of the national total, and blade production accounts for about 20 per cent of the country’s output.
During the 15th Five-Year Plan period (2026-2030), China aims at further developing large-scale offshore wind bases across the Bohai Sea, the Yellow Sea and the East China Sea, and steadily scale up deep-sea wind development.
The country targets over 100 million kW of cumulative offshore wind capacity by 2030.
Fibre2Fashion News Desk (DS)
Fashion
Sweden’s H&M & Stella McCartney return with nostalgic 2026 collection
The collection unites past and present, combining beloved current signatures, such as oversized shirting, sweeping trenches and sharp tailoring, with playful iconic hits from McCartney’s early archive, including bejewelled prints and slogan tops.
H&M unveils its new Stella McCartney collaboration, launching May 7, marking 20 years since their first partnership.
Blending archive-inspired designs with modern signatures, the collection features tailored pieces, statement prints and accessories.
With a strong focus on recycled and organic materials, it reflects McCartney’s legacy of innovation, sustainability and timeless style.
“I see this collection as a journey through my fashion history. It is a true mix of current classics and some of my old favourites that showcase my first forays into fashion and the development of my signatures. It’s playful, strong, sparkling, joyful, refined.” Stella McCartney.
Other key items in the collection include rib knitted dresses and tops with McCartney’s signature Falabella chain at the neck, and a long white gown with a cape-like sleeve that loops into the hem, giving the look of a sweeping circle of fabric. Also available are sparkling partywear, separates and denims, as well as mesh dresses and tops in a bold archival cherry-print. Offering an extra dose of nostalgia is a white mini tee embellished with studs reading ‘Rock Royalty’.
The accessories range is strong, and rich in bags. There will be six styles to choose from, including small, branded shoulder bags, giant totes and a timeless chocolate-toned bag with a chain-detail strap. This is one of several pieces in the collection that incorporate the Falabella chain, including necklaces and earrings, crafted in recycled metal in mixed tones, and loafers with chain detailing on the front.
The collection is defined by an approach to materials that prioritizes recycled content, organic cottons, wool certified to the RWS Standard and innovative usage of feedstock for coated materials, such as industrial corn and recycled vegetable oil.
Unveiled today is the collection’s campaign, shot by Sam Rock in London, and starring Renee Rapp, Angelina Kendall and Adwoa Aboah. The mood is playful yet effortless, nostalgic yet forward-thinking. Across the campaign, &Stella becomes the tagline for this special collaboration. Reinterpreted in myriad forms – &Here &Now &Me &You – it becomes a message about connection, care, and a way of being that speaks both this moment, and to the past, present, and future.
“Stella has always had a bold vision for fashion, and this collection tracks her journey from a young, rule-breaking voice to a master of timeless design. Every single piece in the collection is desirable and tells a unique and bold story.” – Ann-Sofie Johansson.
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)
Fashion
North India cotton yarn steady despite continued push by spinners
The Delhi cotton yarn market remained stable, though demand from downstream industries was weak at elevated price levels. Garment demand in both domestic and export markets also remained sluggish. A trader from Delhi market told Fibre*Fashion, “Spinning mills are selling cotton yarn at an additional margin of at least ** per cent. They have a cushion of advance orders from other countries. Mills have export orders for the next *–* months, so they do not need to sell in the domestic market. They are selling cotton yarn domestically at higher prices than export realisations.”
In Delhi, ** count combed knitting yarn was traded at ****;***–*** (~$*.**–*.**) per kg (GST extra), while ** count combed yarn was priced at ****;***–*** (~$*.**–*.**) per kg. Meanwhile, ** count carded yarn was traded at ****;***–*** (~$*.**–*.**) per kg and ** count carded at ****;***–*** (~$*.**–*.**) per kg, according to market sources.
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