Mike Ashley’s Frasers Group, which owns Sports Direct, House of Fraser and Flannels, recently acquired fashion retailer Psyche—both stores as well as its online operations—following a buyout deal. Psyche owner Steve Cochrane, who has owned the business for around 38 years, will continue to run it after the takeover. The value of the deal was not disclosed.“After 38 years as an independent fashion retailer we have never seen such uncertainty surrounding the pandemic with local lockdowns, it is gr

DHAKA - The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has released its first sustainability report in which it outlines the country’s apparel sector's commitment to become more environmentally conscious and socially responsible.The BGMEA, which represents around 4,500 garment factories in Bangladesh, commissioned the independent Global Reporting Initiative (GRI) to review its performance on sustainability and social issues for the report.Bangladesh is the world's

GELEEN – Material sciences firm Royal DSM has partnered with clean-tech company Clariter to undertake tests which will examine whether its Dyneema brand of fibre – said to be 15 times stronger than steel on a weight for weight basis – can be successfully recycled at scale using the latter’s chemical recycling solution.Dyneema, anultra-high-molecular-weight polyethylene (UHMWPE) fibre, is lauded for its tensile strength and durability, and is commonly used in industrial applications such as for r

The global export of woven accessories dropped 10.88 per cent to $9,123.52 million in 2019 compared to export of $10,237.63 million in 2017. Total exports declined 11.32 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports are expected to slip to $8,124.13 million in 2022 with a rate of 10.95 per cent from 2019.Pic: ShutterstockThe global import value of woven accessories was $6,896.83 million in 2017, which marginally declined 1.17 per cent to $6,816.16 m

The COVID-19 pandemic had its adverse effect on the sales of the Indian textiles and apparel industry, with overall sales dropping by 36 per cent in H1 FY21 compared to that in H1 FY20. In Q2 FY21, however, there have been signs of a remarkable recovery, with the average EBIDTA percentage recovering by 7.4 percentage points from Q1 FY21 to Q2 FY21.Pic: ShutterstockThe overall EBIDTA showed a decline of 58 per cent in H1 FY21 as compared to H1 FY20. Raw material (RM) cost and manpower cost also d

Chen Jianzhiwho is a specialist in new retailer and new e-commercefields will give a lecturefrom15:30 to 16:30 on January 8th. He willreveal procurement policies offirst- and second-tier brand owners .

Textile testing and research partner Hohenstein is set to celebrate 75 years of operation. Now in its third generation of family ownership, the company will spend this landmark year expanding its foundation for the future. The company has specialised for over 70 years in the testing, certification, and research of all kinds of textile products.Pic: HohensteinIng. Otto Mecheels laid the foundation for an internationally-renowned company in 1946 when he founded the Hohenstein Institutes, a textile

AMSTERDAM – The ZDHC Foundation has tweaked the latest version of its manufacturing restricted substance list (MRSL) to align with bluesign, updated its MRSL candidate list and phased out the self-declared conformance level 0 on its ZDHC chemical gateway.New limits on certain trace chemicals associated with denim indigo dyes have been proposed along with more stringent limits on PFCs (perfluorocarbons) used in water repellent textiles.The move comes as efforts to harmonise chemical management wi

A mini textile park will be set up at Kodakandla in Telangana’s Warangal district to create new livelihood avenues for about 20,000 weaving families in the region, according to state information technology and industries minister KT Rama Rao, who recently said thousands of weavers from Kodakandla who had migrated to other states are keen to return.The state will continue to extend further support to such weavers, he was quoted as saying by media reports from Hyderabad, where he addressed a meeti

Surgical drapes and towels import of USA fell by 1.42 per cent in values during January-October ’20 period, a fall which has been witnessed despite other PPE products like disposable apparels and masks seeing a rise in a pandemic-affected year.Valuing US $ 512.11 million in the first 10-month period of 2020, the imports of surgical drapes and towels were marginally better in the same period of 2019 – US $ 519.46 million.The imports were done under four HS Codes – 6307906090, 6307906800, 63079072