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Courtesy: DuPontDuPont Biomaterials has joined the Ellen MacArthur Foundation’s Make Fashion Circular initiative. Launched at the 2017 Copenhagen Fashion Summit, the initiative brings together leaders from across the fashion industry, including brands and NGOs for collaboration among key stakeholders to redesign their operating models and create a new textiles economy.
"Everything we do effects our environment, so we’re committed to developing and marketing solutions that not only improve our
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Courtesy: Mango
Spanish clothing brand Mango will open new offices in Barcelona’s 22@ district in early 2019. The offices will have an area of between 800-1000 sq m and will house the company’s digital innovation centre whose aim will be to meet the growth targets set for the online business and also develop onmi-channel selling projects planned for the coming years.
Initially, only a small part of the current headquarters team will transfer to the new offices, to which new personnel will be
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Courtesy: Raymond
Continuing with the transformation journey, Raymond Apparel Ltd, a wholly owned subsidiary of Raymond Ltd, has appointed Nirvik Singh as the non-executive chairman. Demonstrating the spirit of good governance and ensuring the business is being run professionally, chairman Gautam Hari Singhania has stepped down and paved way for Singh to take charge.
Singh is a 27-year marketing and communication industry veteran and is currently the chairman & CEO, Asia Pacific, Middle
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Courtesy: Grasim
The net revenue from viscose staple fibre (VSF) business at Grasim Industries Limited during the second quarter of fiscal 2019 has been posted at ₹2,606 crore, a jump of 23 per cent as compared to the corresponding period in the previous year. The VSF business has reported quarterly production and sales volume of 137KT and 136KT respectively.
EBITDA also increased 23 per cent to ₹576 crore during the second quarter of fiscal 2019. The share of the domestic sales
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Around 17 firms have expressed interest to invest to the tune of ₹589 crore in the handlooms and textile sector in Odisha during the recent Make in Odisha Conclave 2018 in Bhubaneswar. Three textile parks will come up in the state at Dhamnagar, Chhatabar and Ramdaspur, according to state minister for handlooms, textiles and handicrafts Snehangini Chhuria.
Shahi exports, which has a ₹50-crore stitching unit in the state, will invest another ₹51 crore to expand its unit. Whil
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Courtesy: CrumplerIconic Australian baggage brand Crumpler has announced the expansion of its international distributor network in China and Taiwan in partnership with Sea to Summit and Hwa Yao Trading Co., Ltd respectively. With its growing portfolio, Crumpler Asia now has a retail presence in six stores across the continent and five distributors across six countries.
"Asia is our fastest growing market outside of Australia, so increasing our distributor network and retailer presence in Chin
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Courtesy: Arvind
In the second quarter of fiscal 2019, Arvind Limited, one of the largest textiles, apparel and fashion players, has witnessed 15 per cent growth in revenue from garment division and 21 per cent growth in advanced materials division. EBIDTA improved at 24 per cent, partially driven by improvements in margins of advanced materials division.The company's branded apparel business reported revenue of Rs 1227 crore, a rise of 13 per cent and EBITDA climbed 20 per cent.
Recently, t
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Courtesy: Pexels
India’s annual rate of inflation, based on monthly wholesale price index (WPI), stood at 5.28 per cent for the month of October 2018 over same month of the last year. The index for apparel was up by 0.7 per cent to 139.6 in October, according to the provisional data released by the Office of the Economic Adviser, ministry of commerce and industry.
The official WPI for all commodities (Base: 2011-12 = 100) for the month of October 2018 rose by 0.7 per cent to 121.7 from the p
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The Global Organic Textile Standard (GOTS) has released version 2.0 of the software tool GOTS Monitor (Water/Energy). The tool was developed by Sustainable Solutions to support the evaluation of factories’ compliance with the GOTS’ “Environmental management criteria”. GOTS comprises OTA (USA), IVN (Germany), Soil Association (UK), and JOCA (Japan).
GOTS Chapter 2.4.10 requires that operators need to have available and provide data on energy and water consumption per kg of textile output and
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Courtesy: SAC
The Sustainable Apparel Coalition (SAC) has released the 2018 Higg Facility Modules on Higg.org. The SAC is an industry-wide group of leading apparel, footwear, and textile, brands, retailers, suppliers, service providers, trade associations, nonprofits/NGOs, and academic institutions working to reduce the environmental impacts of products around the world.
The Higg Facility Modules are part of the Higg Index, a suite of sustainability assessment tools to address value chain i