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Endpoint: Lycra (Clothing Brand)



created on: 17/07/2021
by: Lo55o (12474)
 
 

Brand properties

General info :
Lycra is a brand of elastic clothing sucha as underwear, sportswear and pantyhoses first owned by E. I. du Pont de Nemours and Company, (commonly referred to as DuPont) and since 2019 by Shandong Ruyi Technology Group Co., Ltd.
The acquired business operates under the name of The Lycra Company since 2019.

Lycra, or elastane, is also the name of a synthetic fiber known for its exceptional elasticity. It is a polyether-polyurea copolymer that was invented in 1958 by chemist Joseph Shivers at DuPont's Benger Laboratory in Waynesboro, Virginia, US.
In 2003 DuPont Textiles and Interiors was formed from DuPont's textile fibers division which included some of its best-known brands such as Lycra (Spandex), Dacron polyester, Orlon acrylic, Antron nylon and Thermolite.
The company was then given the trademarked name INVISTA and was then sold to privately owned Koch Industries, Inc. in April 2004.

In 2019, Invista sold its Apparels & Advanced Textiles business to Shandong Ruyi Technology Group Co., Ltd. The sale included brands Lycra, Coolmax, and Thermolite and was said to have costed more than $2 billion. Koch Industries, Inc. still retains a minority stake in The Lycra Company.
Relations :
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(4 items)

Item number : 41340

Submitted by : Lo55o (12474)
on : 17/07/2021