11 November 2023, Mumbai

A Significant Step Towards Climate Protection and Energy Security
"Lenzing Group has signed a 15-year supply contract with Austrian electricity producer WLK energy for the purchase of around 13 megawatts of wind power."
Powering 10,000 Households
"This deal will commence in the first quarter of 2025, upon completion of the Engelhartstetten wind farm, a joint project involving several partners, including WLK energy."
Aligning with Lenzing's Commitment to Sustainability
"This wind power supply agreement aligns with Lenzing's commitment to sustainability and long-term energy stability."
Dedicated to Environmental Responsibility
"Lenzing's partnership with WLK energy demonstrates the company's dedication to environmental responsibility and its determination to secure a sustainable energy future."

Latest Textile Events

Navyasa By Liva, a contemporary saree and women's wear brand, has unveiled its AW'23 collection, The Garden of Eden, at a recent fashion week.
The collection is a mesmerizing blend of ethereal prints and chic designs that weave a vibrant and colorful story.
The collection is inspired by the unparalleled beauty of nature
The collection is inspired by the unparalleled beauty of nature and showcases an exquisite range of outfits adorned with imagery of natural wonders. The colors and patterns on these garments are reminiscent of a kaleidoscope.
The collection has something for every occasion
The collection has something for every occasion, from work wear to festive wear to evening glam. The sarees have a wide range of options, including modern, textured, artistic, traditional, embellished, and patterned, made with premium fluid Liva fabrics.
Co-ord sets are also a raging trend in the collection, with select pieces that are designed to stand out in a crowd. The collection is sustainable and skin-friendly.
The entire collection is sustainable, of natural origin, and skin-friendly
It features a diverse range of fibers, weaves, and motifs that come together to create a harmonious range of sarees and apparels, suited for the festive season.
The collection boasts bold prints and wearable silhouettes that not only exude fashion-forwardness but also practicality.
The collection is a testament to Navyasa By Liva's commitment to sustainability
What sets this collection apart is its thoughtful craftsmanship using sustainable Liva fabrics, derived from nature, thus showcasing a commitment to preserving the environment.

07 November 2023, Mumbai

Sunglass Hut has opened its 85th store in India in the heart of Gurugram's premium food and retail destination, DLF Cyber Hub. This launch strengthens the brand's retail footprint and reiterates its prominence as a leading destination to shop the latest styles in fashion, performance, and functional eyewear.
Chic and Minimal Store Design with a Premium Range of Sunglasses
The new Sunglass Hut store is inspired by the luxury skin concept and features a chic and minimal design aesthetic. The store houses a premium range of sunglasses from leading international brands, including Ray-Ban, Oakley, Bvlgari, Tiffany & Co., Prada, Prada Linea Rossa, Dolce&Gabbana, Burberry, Versace, Emporio Armani, Michael Kors, Ralph, Cartier, and Gucci.
A Meaningful and Personalized Fashion Experience
With advanced technology, a broad array of the latest eyewear trends, and a distinctive store design, the new Sunglass Hut store at DLF Cyber Hub offers discerning shoppers a meaningful and personalized fashion experience. The store is also staffed with a team of well-trained staff to assist customers in finding the perfect pair of sunglasses.

Latest Textile Events

21 October 2023, Mumbai

UKFT Education Partner academics have released a new book that provides a comprehensive and in-depth look at how sustainability can be integrated into the fashion supply chain. The book, titled “Fashion Supply Chain Management: Integrating Sustainability Through Fashion Supply Chain,” covers a wide range of topics, including new business models, emerging technologies, innovative materials, logistics, auditing, and risk management.
Sustainability is a critical issue for the fashion industry
The book also explores how cutting-edge technologies can support and enhance the various aspects of the fashion industry, including sustainability, fast fashion, sourcing raw materials, logistics and reverse logistics, cost analysis, lean and agile manufacturing, and other supply chain strategies.
Details

The authors of the book argue that sustainability is a critical issue for the fashion industry, and that businesses must take steps to reduce their environmental and social impact.
The book provides a roadmap for fashion businesses to integrate sustainability into their supply chains, and offers practical advice on how to implement sustainable practices.
"Fashion Supply Chain Management: Integrating Sustainability Through Fashion Supply Chain” is a valuable resource for anyone interested in learning more about the fashion supply chain and its sustainability challenges and opportunities.

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20 October 2023, Mumbai

Hennes & Mauritz (H&M), the Swedish fashion retailer, reported a 40% increase in sales in the year ending March 2023, retaining its status as India's leading fast fashion brand in terms of revenue due to competitive pricing.

Nevertheless, this growth was a drop from the 49% increase recorded the previous year, signifying a shift in consumer preferences toward brands like Uniqlo and Zara.
Outlines

In the fiscal year 2022-23, H&M's sales amounted to Rs 2960 crore, a significant jump from Rs 2115 crore in the preceding year. Their net profit also surged, increasing by 72% to reach Rs 43.6 crore.
H&M's online sales exceeded the Rs 1000 crore milestone, constituting 40% of their total sales, with ecommerce revenues totaling Rs 1178 crore.

The company inaugurated a new logistics center for online sales in New Delhi.
H&M specializes in fast fashion produced in-house and collaborates with designers for exclusive collections.

They maintain a substantial inventory of affordable everyday items sourced from countries like India and Bangladesh.
Nuances

Inditex Trent, H&M's joint venture with Tata, which operates 20 Zara stores in India, recorded a 40% revenue growth, surpassing H&M in profitability.
In the organized retail sector, sales rose by 34% during FY22-23 compared to the pre-pandemic era, driven mainly by quick-service restaurants, sporting goods, and electronics, according to the Retailers Association of India.

Sweet spot
India, being the world's second most populous country, remains an attractive market for apparel brands, with an increasing acceptance of western-style clothing among the youth.
Companies like Levi's, Uniqlo, and Celio are gaining popularity for their functional basics, unlike fast-fashion competitors known for rapidly changing designs.

Levi Strauss & Co recently named India as its largest market in Asia and the sixth largest globally.

Latest Textile Events