Monforts, Archroma, BW Converting partner to transform textile ...
WEB6 days ago · A coalition of three companies—Germany's Monforts, machinery manufacturer BW Converting, and speciality chemicals firm Archroma—have joined forces to support dyeing and finishing manufacturers in their development projects to boost the quality and performance of finished products. Shemona Safaya September 30, 2024.
SPESA conference to discuss latest tech, next gen workforce
WEB5 days ago · The Sewn Products Equipment & Suppliers of the Americas (SPESA)'s upcoming annual conference in Montréal, Canada will discuss the latest textile technology advancements, the next generation's vision for the sector and a revolutionary way to tackle sustainability. Laura Husband October 1, 2024. The SPESA annual conference will bring …
In data: France apparel market to decline on finance, eco concerns
WEB3 days ago · A recent report by GlobalData has revealed France's apparel market will remain sluggish as shoppers prioritise finances and reducing their environmental impact over following fashion trends. The report noted that womenswear will grow more slowly with a 1.4% CAGR, as French women prioritise quality and versatility over volume. Credit: …
Boohoo reportedly weighs business break-up to boost value
WEB4 days ago · Boohoo shareholders have suggested that spinning off its stronger-performing brands, including Debenhams and Karen Millen, could unlock more value and potentially boost Boohoo’s stock price, which has dropped over 85% over the past five years, according to The Times. Head of apparel at GlobalData Chloe Collins believes Boohoo’s …
Asos sponsors new centre for women garment workers in Tunisia
WEB3 days ago · Online retailer Asos is sponsoring a new centre in Tunisia dedicated to supporting female workers by addressing issues related to gender-based violence, health and safety, and training. Shemona Safaya October 3, 2024. IndustriAll believes Asos’ sponsorship of the women’s center aligns with its Fashion with Integrity strategy, …
Inditex stops using Turkish factory on worker violation concerns
WEB3 days ago · Inditex has reportedly suspended sourcing from one of its Turkish suppliers on concerns over worker rights violations. Hannah Abdulla October 3, 2024. According to United Textile Weaving and Leather Workers’ Union (Birtek Sen), Zara owner Inditex has halted sourcing after Akcanlar Tekstil fired 90 workers that started a resistance over poor ...
Patagonia slashes 41 jobs, CEO blames ‘industry headwinds’
WEB4 days ago · Patagonia's CEO Ryan Gellert took to LinkedIn and announced that the outdoor fashion brand has slashed 41 jobs, about 1% of its workforce, citing economic headwinds in the industry as the reason. Shemona Safaya October 2, 2024. Gellert emphasised that these changes will also ensure a more connected and consistent …
Authentic sees new market potential for newly acquired Champion
WEB4 days ago · Credit: Shutterstock. Authentic hopes to shape the future of Champion by honouring its rich heritage while driving innovation and expanding its reach to new markets and consumers. Authentic added its plans to expand Champion’s global footprint by building on its legacy as a “trailblazer in athleticwear and the creator of the iconic hoodie.”.
In data: Clothing discounts contribute to UK deflation in September
WEB4 days ago · Non-food shop prices saw deeper deflation in September with significant reductions in categories like clothing and furniture driving overall shop prices down to their lowest rate since August 2021. Isatou Ndure October 2, 2024. The non-food category remained in deflation at -2.1% in September, compared to -1.5% in the previous month.
Levi Strauss weighs Dockers sale as Q3 fails to impress
WEB3 days ago · Laura Husband October 3, 2024. Levi is considering a potential Dockers sale after the brand’s revenue declined 15% in Q3. Credit: Shutterstock. Levi Strauss & Co (LS&Co) net revenue of $1.5bn for its third quarter (Q2) ended 25 August 2024 was flat on a reported basis and 2% higher on a constant-currency basis compared to its Q3 2023.