SAMARKAND – Uzbekistan will stage next year’s prestigious IAF World Fashion Convention. The decision to hold the 2024 event in …
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Inditex signs €70m recycled polyester deal
LOS ANGELES – Spanish fashion giant Inditex has signed a three-year agreement to buy textile to textile recycled polyester cycora …
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Factory reps propose new wage of US$94 in Bangladesh
DHAKA – Garment factory representatives in Bangladesh have proposed a new minimum wage of BDT 10,400 (US$94) per month for …
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H&M issues €500m green bond
STOCKHOLM – Swedish fast fashion giant, H&M Group has issued a €500m green bond with a maturity of eight years …
Spinnova unveils blended denim fabrics at Kingpins
AMSTERDAM – Spinnova, the Finnish recycled textile material company, has this week presented its first blended denim fabrics made with …
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Renewcell shares plunge 77 per cent in a week
STOCKHOLM – The share price of Swedish recycling technology company Renewcell has plunged 77 per cent after large quantities of …
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Half of tracked H&M garments shipped to Africa
STOCKHOLM – 5 out of 10 garments tracked with hidden airtags after being donated to H&M’s in store recycling programme …
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Sluggish sales to hit cashflow at Renewcell
STOCKHOLM – Poor sales are expected to hit profits and cashflow in the remainder of 2023 at recycling technology business …
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Fast Retailing profits up 28 per cent
TOKYO – Fast Retailing Co, owner of Japanese fast fashion brand Uniqlo, forecast 18 per cent growth in annual profit …