News
Morocco textile recycling could unlock US$1.9bn, says IFC
RABAT – Textile recycling in Morocco could unlock US$1.9bn in additional private investment and create more than 30,000 jobs. This
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Le Relais warns of failing used textile economics
PARIS – French textile collection and sorting group Le Relais is cutting around 60 insertion jobs and reducing collection volumes
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Seaweed fibre pioneer, Keel Labs, files for bankruptcy
RALEIGH – Seaweed fibre pioneer, Keel Labs, whose clients include Stella McCartney and H&M Group’s &ll, has filed for Chapter
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Lindex pilots digital product passports
GOTHENBURG – Swedish fashion retailer Lindex says it is introducing digital product passports for selected garments. The move is the
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Grasim lines up US$325m lyocell expansion in India
MUMBAI – Indian cellulosic fibre giant Grasim Industries has approved an investment of around US$325m to expand lyocell production. The
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Organic cotton sector calls for investment to build supply resilience
ISTANBUL – The organic cotton sector must increase investment and collaboration if it is to build more resilient supply systems.
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UN-backed study questions Africa textile waste claims
GENEVA – A new study backed by UN Trade and Development has challenged claims that used clothing exports to Africa
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Shein claims €22m French fine is “manifestly disproportionate”
PARIS – French authorities have imposed fresh fines totalling €22.5m on Shein over consumer protection and environmental information breaches. The
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GR3N raises €15.5m for polyester recycling plant
ZURICH – Swiss chemical recycling company GR3N has raised €15.5m to support an industrial-scale PET and polyester recycling plant in
BlockTexx announces AUD$7m funding round
21st February 2024
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QUEENSLAND – Australian recycling technology company, BlockTexx, has announced the closure of an AUD$7m Series B funding round to scale its textile resource recovery solution.
US Senator asks SEC to block SHEIN IPO
20th February 2024
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FLORIDA – A US Senator has asked the financial regulator to block an initial public offering (IPO) of SHEIN until it can disclose more information
EU clarifies position on green claims by business
19th February 2024
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BRUSSELS – Fashion companies will have to send any green claims they make for verification by a third party – or risk fines of at
Haelixa and Trudel in traceable silk partnership
15th February 2024
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ZURICH – Swiss traceable textile specialist Haelixa has announced a new partnership with Swiss-Italian business Trudel Silk to provide 100 per cent traceable silk from
Turkish union leader shot in incident at Akar Textile
14th February 2024
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IZMIR – Makum Alagöz, president of the Turkish textile workers’ union DERİTEKS, was this week shot by the brother of the owner of Akar Textile
Recycled polyester alternative performs well in tests
13th February 2024
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LOS ANGELES – A recycled alternative to polyester, produced from old clothing, matched the quality standards of its virgin counterpart in independent tests. US technology
SHEIN opens US-based logistics hub
12th February 2024
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SEATTLE – Chinese fast fashion brand SHEIN has announced it will open a Seattle-area office in downtown Bellevue, expanding its growing US footprint. The company
Fresh forced labour claims over Uzbek cotton
1st February 2024
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WASHINGTON – Independent civil society monitoring of the annual cotton harvest in Uzbekistan found that in 2023, local officials “resorted to forced labour” in districts
Helmersson quits as H&M chief in surprise move
31st January 2024
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STOCKHOLM – Helena Helmersson, CEO of Swedish fast fashion brand H&M, has unexpectedly quit her role. Fashion industry veteran Daniel Ervér will take over with
