
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

BRUSSELS – The EU has launched an €11m fund to support textile recycling technologies for mixed post-consumer clothing waste from blended products. The call, under

BRUSSELS – 15 MEPs have urged the European Commission not to limit upcoming textile ecodesign rules to recyclability and recycled content alone. In a letter

BREMEN – Cotton farming is under growing pressure from weak farm economics, climate disruption and rising production risks. This is the warning of the International

LONDON – Lululemon has backed a US$12m funding round for Epoch Biodesign as the biotech start-up-scales enzymatic recycling of nylon 6,6. The material is widely

LONDON – UK consumers overwhelmingly associate cotton-rich clothing with increased durability , according to new survey data from Cotton Incorporated. Its research found 81 per

MUMBAI – India is setting up six Textile Export Facilitation Centres across key clusters as it targets US$100bn in exports by 2030. The centres will

BRUSSELS – Fashion brands will need to identify what product data they hold, decide what can be shared across the value chain and prepare to

ZURICH – Creditors have approved insolvency plans for key Texaid businesses in Germany, giving the textile recycling group a route to continue operating.

BRUSSELS – EU apparel imports plummeted year on year in January, with Bangladesh, Turkey and Cambodia among the exporters hit hardest.
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