After American clothing retailer Tailored Brands’ exit from Chapter 11 last December, it is now seeking US $ 75 million emergency loan from existing lender and its largest equity holder.Image Courtesy: detroitnews.comAlso Read:Tailored Brands emerges from bankruptcyThe retailer, which owns Men’s Wearhouse, has sought the emergency loan following the unexpected slump in its business in December and early this year, which has put it at the risk of default.This was confirmed by a trustee for a grou

Despite the fact that the coronavirus pandemic continues to have an impact on international business travel, the Belgian textile machinery technology industry is gearing up for what is expected to be the first major Asian showcase towards the post-pandemic relaunch of the economy. Preparations for the seventh edition of ITMA ASIA + CITME are going as planned! ITMA ASIA + CITME 2020 will take place from 12 to 16 June 2021 at the National Exhibition and Convention Centre (NECC) in Shanghai. It wil

Which yarn clearing technology should spinners choose? Now there’s only one answer, asUsterlaunches the new Quantum 4.0 clearer generation. This world-beating innovation combines both capacitive and optical sensors in one – delivering comprehensive security, prevention and flexibility.The Smart Duo system offers the best of both worlds for intelligent yarn quality control and optimized profitability. It means mills can now focus on meeting the fast-moving market challenges, instead of pondering

Staff of leading global retailer Inditex says they are being forced out as the company rolls out its plan to shut down around 1,200 stores worldwide – this is despite the company’s agreement with Spanish unions to protect jobs.Inditex, the world’s biggest clothing retailer based in Spain, is the owner of fast-fashion brand Zara.The company is closing smaller outlets while expanding flagship stores and the Spanish closures are the first of up to 700 expected this year in Europe, as well as 100 in

Spotlight collection features graphic tees for the family, mugs, candles, totes, and more designed by Kohl’s associates, and Kohl’s donation to Boys & Girls Clubs of America’s SMART Girls program supports the empowerment of young womenAt Kohl’s, we are proud to celebrate Women’s History Month throughout March to honor the women who changed the rules and continue to change our lives.To commemorate this special month, Kohl’s is launching a Women’s History Month collection, which features an as

Chen Jianzhi who is a specialist in new retailer and new e-commerce fields will give a lecture from 15:30 to 16:30on March 5th. He will tell us what new profitable business model of textile industry is.

Though 2021 has begun well for Boohoo, with the retailer buying Debenhams and some Arcadia brands, horrors of 2020 seem to have come back to haunt the retailer.Image Courtesy: thetimes.co.ukUS authorities have now decided to probe claims of forced labour and poor working practices in Boohoo’s supply chain across the UK.Anything that goes against the British online retailer could lead to its items confiscated at ports.Earlier last month, a charity organisation, Liberty Shared, sent a petition to

BRANDE – Danish fashion brand Bestseller has had two environmental sustainability targets approved by the Science Based Targets initiative (SBTi).The approval solidifies the company’s efforts to becoming climate positive and reducing its indirect Scope 3 carbon emissions by 30 per cent.Anders Holch Povlsen, Bestseller’s CEO and owner, said:“The targets add to our continuous work of improving the environmental footprint of our products, operations and supply chain – while they are consistent with

STOCKHOLM - Fashion giant H&M is to feature the cactus-based leather of Mexican company Desserto in its new Science Story collection which aims to highlight the fabrics of the future.Desserto founders Adrián López Velarde and Marte Cázarez said they hoped the partnership would put Mexico at the centre of the global sustainable fashion industry.Source:Eco Textile

Exports of garments and hard goods in the Philippines may reach $2 billion this year as domestic garment units expect to receive up to $500 million worth new orders from global fashion brands, which are shifting their purchases from Myanmar to other countries, according to estimates by the Foreign Buyers Association of the Philippines (FOBAP).Pic: ShutterstockFOBAP president Robert Young said the association has been receiving export orders and inquiries for garments from foreign buyers, includi