
GALY secures US$33m to help scale cotton alternative
BOSTON – US-based climate tech company GALY has secured US$33m in Series B financing, led by Breakthrough Energy Ventures, with

BOSTON – US-based climate tech company GALY has secured US$33m in Series B financing, led by Breakthrough Energy Ventures, with

DHAKA – Bangladesh’s Criminal Investigation Department (CID) has accused Beximco Group of laundering at least Tk 1,480 crore (US$135 million)

LONDON – The Woolmark Company has launched a new initiative, Woolmark+, aimed at driving the wool industry toward a sustainable

DHAKA – A group of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) members have called on the relevant authorities to

LONDON – Better Cotton plans to develop a new product label in response to heightened regulatory requirements around fashion. The

STOCKHOLM – H&M Group has signed an updated global framework agreement (GFA) with global union IndustriALL aimed at protecting the

GERMANY – Students could enlisted to open and inspect packages at German airports from Temu and Shein, as part of

THE HAGUE – ASN Impact Investors, a sustainability-focused asset manager with a portfolio valued at €4.2bn, has decided to completely

OSLO – H&M announced this week that it will be shutting down its digital fashion outlet, Afound, later this year

AMSTERDAM – Major fashion brands are continuing to source cotton T-shirts from Bangladesh at prices that leave little room for wage rises, safer working conditions

GUJARAT – Loop Industries has secured government backing in India for its first commercial-scale textile-textile recycling plant. The company has signed a memorandum of understanding

ZURICH – Oeko-Tex has published new laboratory findings from its Eco Passport certification programme, highlighting persistent compliance issues in some dye categories. It also points

BEIJING – Chinese fashion giant Shein is reportedly acquiring US apparel brand Everlane in a deal valuing the business at around US$100m. The transaction was

NORTH CAROLINA – A new life cycle assessment claims U.S. cotton can deliver a negative greenhouse gas footprint when biogenic carbon storage is included. The

LONDON – Cotton supply chains are showing fresh signs of forced labour exposure, despite growing investment in traceability, Oritain research found. Oritain’s Market Insights Programme

WASHINGTON – Campaigners are warning that cotton produced with state-imposed forced labour in Turkmenistan may be entering global fashion supply chains. The risk is linked

WARSAW – EU anti-fraud officials have helped uncover a suspected textile diversion scheme involving goods shipped from China. The textiles were declared as being in

DHAKA – Bangladesh’s Garment Manufacturers and Exporters Association (BGMEA) has signed a deal with German development agency GIZ to support sustainability in the country’s ready-made
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