TORONTO - Sustainable fashion and biotechnology startup Alt Tex - which seeks to turn food waste into a plastic-free alternative to polyester - has raised CAN$1.5 million (US$1.24m) in a pre-seed funding round.The company aims to use a novel chemical processing to ferment a polyester-like biofibre from post-industrial food waste to create woven and non-woven textiles for apparel.The funding round was co-led by Garage Capital and Amplify Capital, with participation from Globalive Capital, Panache

The TJX Companies, a US-based off-price apparel and home fashions retailer, posted 129 per cent sales growth to $10.0 billion in its first quarter (Q1) FY22 ended on May 1, 2021, compared to the sales of $4.4 billion in the corresponding period of previous fiscal. The company’s net income for the quarter rose to $533.9 million (Q1 FY21: loss $887.5 million).“Once again, we saw phenomenal performance in our home businesses across all of our divisions. We also saw strong open-only comp store sales

In the textile industry, it might well be a unique idea. One of the world’s leading machinery suppliers has just launched its new website – in which the company’s renowned technology is firmly relegated to a back seat. Instead, Jakob Müller Group is offering a fresh and innovative web experience, which sets out its priorities with total clarity.Figure: Start page of the new Jakob Müller Group website.Jakob Müller is known worldwide as a manufacturer of systems and solutions for narrow fabric pro

The2021 Brit Awardswere a triumph in many ways, with 4,000 maskless people gathered together in the O2 for the first major cultural event in Britain in more than a year. Over the course of the evening,Arlo Parksscooped Breakthrough Artist, The Weeknd received a personal tribute from Michelle Obama, and Little Mix made history as the only girl band ever to be recognised in the Best British Group category. Perhaps the biggest winner of the night, however? Taylor Swift, who scooped the Brits’s Glob

After a year worth of pandemic-driven lockdowns, reduced hours, flaky supply chain and evolving consumer needs, the main fashion industry players are sharing their financial updates and forecasts for the upcoming months. FashionUnited takes a look at what H&M, Next and Boohoo have to say regarding the immediate future of their business.Last week, the CEO of Hennes & Mauritz (HMb.ST) said that the fashion retailer was, despite continued uncertainty due to the COVID-19 pandemic, firmly con

The Institute of Chartered Accountants of Bangladesh (ICAB) organized the webinar on May 8, titled “Diversification of Bangladesh’s Export Basket: Opportunities and Challenges.”In the event, experts opined that Bangladesh needs to explore new export destinations, including unexplored markets in the Commonwealth of Independent States (CIS), Latin America and African regions for expanding its readymade garment (RMG) export.Figure: In the event, experts opined that Bangladesh needs to explore new e

Top 10 of rising Top 10 of decreasing1、garment linings1.34%1、polyester cotton fabric-0.94%2、linings0.51%2、polyester viscose fabric-0.92%3、viscose wool fabric0.33%3、viscose-0.35%4、cotton and linen0.30%4、daily home textile-0.35%5、 natural fiber grey cloth0.28%5、blended fabric-0.23%6、100% cotton fabric0.22%6、polyester spandex fabric-0.17%7、nylon fabric0.20%7、polyester-0.13%8、belts0.16%8、viscose fabric-0.10%9、thread ropes0.14%9、polyester wool fabric-0.10%10、curtains0.09%10、nylon cotton fabric-0.07%

FC Index of Keqiao’s textile on May 3rd was 107.84, down 0.03% from the prior week, up 3.25% compared with the beginning of 2021, and up 3.63% compared with the same period last year.The turnover of fabric markets of China Textile City reached 64.456 billion yuan from January to April in 2021, up 48.72% compared with the same period last year and the turnover of online markets of China Textile City reached 162.00 billion yuan from January to April in 2021, up 27.90% compared with the same period

SAN FRANCISCO – The Apparel Impact Institute (Aii) has unveiled environmental non-profit Legambiente as its local partner for the ‘Italy Project’ which itannounced earlier this year.With the backing of Kering, Stella McCartney and Burberry, the project sets out to support theimplementation and scaling of environmental programmes addressing the use of energy, water and chemistry in clothing supply chains.“We strongly believe that the realisation of this project can bring concrete environmental be

DELFT - Scientists have used 3D printers and a novel bioprinting technique to develop a sustainable material made from algae which they say could produce sustainable clothing for the fashion industry.Photosynthetic material created from algae in the lab (University of Rochester)The researchers say the material is eco-friendly, biodegradable, and simple and scalable to produce - as well as being tough and resilient enough for other applications such as space exploration.Lead author Srikkanth Bala