News
Jack Wolfskin purchased by Callaway Golf Company
CALIFORNIA – Callaway Golf Company is set to acquire German outdoor brand Jack Wolfskin for US$476m. The acquisition furthers Callaway’s
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German court sits on Ali Enterprises case
DORTMUND – This week, a court in Dortmund held the first oral hearing in the case of the factory fire
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Patagonia donates US$10m to climate change causes
CALIFORNIA – US outdoor brand Patagonia will donate the entire US$10m it saved in taxes last year to non-profits which
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China eyes US$100m green textile park in Philippines
MANILA – A Chinese textile business has targeted the Philippines for a reported US$100m green textile park. China Zhejiang Guannan
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Microfibres and antimicrobial finishes on agenda in Germany
MUNICH – Textile technology business Polartec has launched the first ever fabric technology engineered to reduce microfibre shedding. The business
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Fresh funding for yarns-from-seaweed business
NEW YORK – AlgiKnit, a biomaterials company which is developing yarn spun from kelp, has announced a US$2.2m Series Seed
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Boohoo tells MPs about loss-leader £5 dresses
LONDON – Online apparel brand Boohoo is selling some dresses at a loss to drive website traffic. Carol Kane, joint
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“Price issue is getting worse” … RMG factories speak out
DHAKA – Bangladeshi garment suppliers are still being driven down on price by apparel brands and retailers – but some
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H&M closes down Cheap Monday
STOCKHOLM – Swedish fast fashion brand H&M is to close down its Cheap Monday skinny jeans brand amid declining sales
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
