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Gucci: Crypto coin as payment to be accepted

09 August 2022, Mumbai:

Gucci has become the first major brand to start accepting payments in the form of the Bored Ape Yacht Club-affiliated ApeCoin (APE).

ALSO READ  Gucci: a year of sustained growth further extending the brand’s authority 

 

RELATED NEWS .  The third round of applications for Gucci Changemakers is now available

The move towards crypto by the Gucci brand comes notwithstanding the cryptocurrency industry is living up to its legendary volatility.

As of now, Gucci will accept ApeCoin in US stores and plans to expand that reach across the rest of its North American presence. Apecoin's price has soared from nearly $6 on August 2 to $7.4 on August 9.

(ET report)...The news article has not been edited by DFU Publications staff.

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Cotton Brazil: 13th Brazilian Cotton Conference

08 August 2022, Mumbai:

Tuesday – 16th August
9 am São Paulo, 12 am GMT , 8 pm Beijing

Abrapa (the Brazilian Cotton Growers Association), together with ApexBrazil (the Brazilian Trade and Investment Promotion Agency) and Anea (the Brazilian Cotton Shippers Association) invite you to the "Cotton Brazil - 13th Brazilian Cotton Conference" online event.

ALSO READ  BETTER COTTON CONFERENCE TO TAKE THE HYBRID ROUTE IN JUNE 2022

 

RELATED NEWS . World of Wipes(R) International Conference

Challenges and Perspectives for the Brazilian Cotton on Global Scenario: Analyzing the global market and relations to Cotton Brazil.

The conference will discuss the challenges and perspectives for Brazilian cotton in the current global scenario, bringing valuable insights and implications to your market.

The brazil cotton association event outlining Brazilian cotton quality will be held in English and offered to international guests only.

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Munich Fabric Start: Unveiling The Source

02 August 2022, Mumbai:

THE SOURCE, the new one-stop solution for integrated fashion sourcing by Munich Fabric Start Exhibitions GmbH, is fully booked.

In the listed Lokhalle, which with its gigantic dimensions is one of the largest cantilevered historic steel halls in Europe, THE SOURCE offers flexible sourcing services and solutions for newly conceived value chains on around 2,500 m2 in direct connection to MUNICH FABRIC START and BLUEZONE.

ALSO READ  MUNICH FABRIC START: Launches THE SOURCE

 

RELATED NEWS .  PHYSICAL & SAFE: MUNICH FABRIC START & BLUEZONE ALMOST AT PRE-PANDEMIC LEVEL

"To expand as a trade fair during the Corona crisis and in challenging times for the fashion industry is anything but a matter of course and was definitely a gamble. We are all the more pleased that we know even before the fair: It was right and important", says Sebastian Klinder, Managing Director of Munich Fabric Start Exhibitions GmbH.

65 selected international manufacturing companies will present their offerings from cut-make-trim (CMT) to high-end production at the new fair from 30 August to 1 September 2022.

A cluster of key sourcing countries such as Portugal, Turkey, Morocco, Tunisia, Bosnia, and Vietnam will create a business-relevant mix for risk diversification, the right product mix, and for every genre.

"End-to-end solutions from PLV to white label for brands, labels, and retailers are a strongly growing segment, which we offer with THE SOURCE an extremely high-quality environment in the long term and in close partnership with our exhibitors. We value a segment that is treated rather uncharitably in many places.

THE SOURCE will take place parallel to the MUNICH FABRIC START (30/08 – 01/09/2022) and BLUEZONE (30/08 – 31/08/2022) fairs, which will continue the pre-pandemic success story with a total of almost 900 exhibitors.

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Spotlighting Innovation @ ITMA 2023

28 July 2022, Mumbai:

Innovation @ the Heart of Transformation

The textile industry has undergone an exciting technological transformation, driven by ground-breaking innovations. This transformation is showcased at the ITMA innovation launchpad held every four years.

RELATED NEWS .  CEMATEX INTRODUCES ONLINE BUSINESS PLATFORM @ ITMA 

 

ALSO READ ITMA 2023: Sector Plan Unveiled! 

From the first exhibition that took place in 1951 in Lille to its upcoming edition in Milan next year, ITMA will host yet another global gathering of textile industrialists. 

The showcase displaying world-class solutions will be supported by an exciting series of activities that spotlight innovation.

Here’s a quick glimpse of the offerings:

Discover game-changing solutions @ Start-Up Valley Explore cutting-edge

R&D projects @ Research and Innovation Lab

Hear from ITMA Award winners and finalists, and industry speakers @ Innovator Xchange Watch selected videos by ITMA 2023 exhibitors @ Innovation Video Showcase

Learn about win-win collaborative efforts by ITMA exhibitors and their customers recognised @ ITMA Sustainable Innovation Award.

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MAS Holdings: Enters venture with BAM

07 August 2022, Mumbai:

MAS increases its investment in the supply chain and re-affirms confidence in Sri Lanka.

MAS Holdings launched a new venture by acquiring the assets of BAM Knitting (Pvt) Ltd., a leading fabric manufacturing and finishing operation in Sri Lanka. MAS Holdings takes the majority stake in the new venture, with BAM Knitting as its joint venture partner. This investment further enhances Mas holdings ltd’ capabilities in the knitting, dyeing, and printing space for cotton fabrics and expands its backward vertical integration on the island..

ALSO READ The employees of India's Shahi Exports have been awarded the Hunarbaaz Award 

 

RELATED NEWS . Shahi Exports, Orient Craft, and Pallavaa Group are among the Indian companies interested in applying for the PLI scheme

The new joint venture will benefit from the technical resources and expertise of MAS, following the appointment of MAS specialists to key roles in the company, as well as MAS’ vast global experience in apparel and textile manufacturing.

Significant synergies are expected from the acquisition, including production capacity enhancements and collaborations on new product developments. “This acquisition is timely, both from the perspective of MAS and the Sri Lankan economy,” said Suren Fernando, CEO of MAS Holdings.

“It enables MAS to increase the verticality of our Sri Lankan operations and mitigates the increasing volatility of global supply chains and costs of logistics while increasing the overall value added by MAS. It also highlights our continued confidence in Sri Lanka as a sustainable and competitive destination for apparel manufacturing, despite the ongoing economic challenges.”.

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ISKO & ISKO™ Luxury by PG @BLUEZONE

01 August 2022, Mumbai:

ISKO and ISKO™Luxury by PG will attend the International Denim Trade Show BLUEZONE hosted by Munich Fabric Start on August 30-31.

The fair will be the occasion to discover ISKO's iconic by-nature technologies and the born-to-amaze collection in collaboration with the wizard of denim Paolo Gnutti.

ALSO READ House of Anita Dongre launches MBO in Mengaluru 

 

RELATED NEWS . House of Anita Dongre: Wins the award for the 'Fashion Retailer Of The Year for HOAD'

Will you attend the event?

Iconic By Nature: Take the journey with it.

BORN TO AMAZE A U G U S T 3 0 & 3 1 | B L U E Z O N E MUNICH – Zenith – Lilienthalallee 29 HALL 6 – BOOTH C07

Come and discover the most exclusive solutions for the world of premium, luxury denim.

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Cinte Techtextil China'22: From 6 – 8 Sep

27 July 2022, Mumbai:

The 2022 edition of Cinte Techtextil China has been confirmed to take place from 6 – 8 September at the Shanghai New International Expo Centre.

2021 saw 366 exhibitors and 14,868 visits recorded at the June hybrid event, which offered in-person and digital options for suppliers and buyers.

RELATED NEWS .  Cinte Techtextil China 2022: Annual meetup

 

ALSO READ Showcasing the limitless nonwovens possibilities at Cinte Techtextil China 2022

This year’s edition of Cinte Techtextil China marked the first time the fair was held annually, and in the second year, physical and online participation options were available, with both aspects well received by exhibitors and visitors.

Ms Wendy Wen, Senior General Manager of Messe Frankfurt (HK) Ltd elaborated: “The response from our exhibitors this year was the Chinese market is still growing strongly, and having an annual edition allows them to benefit from these opportunities on a more regular basis. The domestic economy has shown strong resilience over 2020 and so far in 2021, and this has allowed the technical textiles and nonwovens sector to maintain the growth momentum it has experienced over the past years.

As more economies return to normal in 2022, we expect export orders for the sector to receive a further boost which will benefit those overseas companies with business in the Chinese market.”

Ms Wen continued: “We hope that by September 2022 all of our overseas exhibitors and visitors can join us in Shanghai once again.

(Cinte Techtextil China Report)

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EU-India Free Trade negotiations

06 August 2022, Mumbai:

EU-India Free Trade negotiations: an opportunity to rebalance trade relations and promote a global sustainable textile industry.

Today’s trade relations between the EU and India in textiles and apparel/clothing are characterised by a large and systemic trade deficit for the EU; annual imports from India exceed €6 bln (2021) – making it the 4th supplier – while EU exports to India reached just half a billion – the 20th place in our export markets.

ALSO READ Page Industries (Brand Jockey) reports Q2 results

 

RELATED NEWS . Jockey India expands 'offline footprint' despite 3X growth in online sales

Today’s trade relations between the EU and India in textiles and clothing are characterised by a large and systemic trade deficit for the EU; annual imports from India exceed €6 bln (2021) – making it the 4th supplier – while EU exports to India reached just half a billion – the 20th place in our export markets.

Against this background, the free trade negotiations are an opportunity to rebalance that relationship; European textile and clothing companies can offer high-quality and innovative products for the Indian market.

EURATEX, as the voice of textiles and apparel manufacturers in Europe, supports an ambitious EU trade agenda. In this context, EURATEX highlights that the sector needs open and efficient markets.

India today benefits from reduced customs duties due to GSP. For European companies instead, market access to India is challenging.

Director General Dirk Vantyghem commented: “We look to these negotiations with great interest. The FTA is an opportunity to develop a shared ambition between the European and Indian industry to make sustainable textiles the norm, and to create a regulatory framework where our companies can compete in a free and fair environment.”

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IAF: 37th World Fashion Convention, Bangladesh In Nov

30 July 2022, Mumbai:

IAF is proud to invite the global apparel industry to its 37th World Fashion Convention that the global industry body is organizing with its Bangladeshi members, BGMEA and BKMEA.

Registration for these events has now opened on the joint, dedicated convention website www.iafconventiondhaka.com. The Convention will contain a full-day conference and a networking dinner, both held on Tuesday, November 15 as well as an industry tour held on Wednesday, November 16, and/or Thursday, November 17.

RELATED NEWS .  The 37th IAF World Fashion Convention to be held in Bangladesh, Nov'22 

 

ALSO READ BGMEA demonstrates impressive showing of Bangladesh RMG at '36th IAF Fashion Convention' 

The theme of the convention is Transforming Fashion Together “. The theme carries the message of supply chain collaboration and together with the strong industry associations BGMEA and BKMEA, IAF is sending the message that the major challenges of our industry today can only realistically be met when there is a true collaboration between buyers and their suppliers.

During this convention, there will be a constant discussion about practical solutions to such industry challenges as digitalization, sustainability, and more effective business models involving the entire supply chain.

 

IAF conventions are well-established industry events featuring a high level of speakers and delegates. Previous speakers came from PVH, H&M, Hugo Boss, etc.

It expects about 300 delegates at each event, from over 20 countries.

(IAF Report: iafconventiondhaka.com)

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Bangladesh: Landmark Employment Injury Insurance scheme for apparel workers

22 July 2022, Mumbai:

The toilsome history of Bangladesh’s new landmark Employment Injury Insurance (EII) scheme for apparel workers and why it needs to be made a permanent reality.

Clean Clothes Campaign has written a timeline of the decade-long process of achieving an Employment Injury Insurance Scheme in Bangladesh.

The memo exposes the arguments between brands and employers that lead to huge delays and highlights the need to continue campaigning to turn the pilot into a long-term reality.

RELATED NEWS . Vietnam v/s Bangladesh Apparel Industry: A Quick Comparison @ Global Marketplace


ALSO READ  BGMEA called upon Ralph Lauren to increase sourcing from Bangladesh

In late June, the Bangladeshi government, in association with employers, trade unions, the International Labour Organisation (ILO), Germany, and the Netherlands, successfully released a landmark pilot project of the country's first Employment Injury Insurance (EII) scheme for apparel workers.

This pilot has been in progress by the ILO since 2015. Ineke Zeldenrust of Clean Clothes Campaign remarks, “This is a milestone for the over 4 million garment workers in Bangladesh. Seven years have passed since all parties agreed to introduce an EII scheme and five years since the proposal of a ‘bridging solution’.”

This pilot programme comes off the back of almost a decade of work and considerable pressure from Bangladeshi trade unions and civil society organisations supported by Clean Clothes Campaign. To highlight the long history of the EII pilot scheme and the disasters that acted as catalysts for brands and employers, Clean Clothes Campaign has pulled together a timeline of the process.

This timeline tracks the history of the scheme, the bridging solutions that came in between, and shows the heavy campaigning that occurred to ensure the pilot was successfully implemented.

Ineke Zeldenrust of Clean Clothes Campaign states, “We have been campaigning on an injury insurance scheme since 2005. The pilot was hugely delayed due to disagreements between brands and employers.

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Lenzing: Reports earnings for the first half-year

03 August 2022, Mumbai:

Lenzing reports significant revenue growth and solid earnings for the first half-year.

The Lenzing Group’s revenue grew by 25.2 percent year-on-year to reach EUR 1.29 bn in the first half of 2022, primarily due to higher fiber prices. The earnings trend mainly reflects the cost trend in global energy and raw material markets, which affected the whole manufacturing industry.

Energy, raw materials and logistics costs rose sharply once again in the reporting period after cost pressure had already risen steadily throughout the 2021 financial year.

As a consequence, earnings before interest, tax, depreciation, and amortization (EBITDA) decreased by 13.3 percent year-on-year to EUR 188.9 mn.

ALSO READ  Lenzing x Red Points: Fight counterfeits & protect

 

RELATED NEWS .  Lenzing: Expands carbon-neutral fiber portfolio for Workwear

Revenue up by more than 25 percent, earnings impacted by a sharp rise in energy, raw material, and logistics costs

·       Key projects in Thailand and Brazil successfully commissioned

·       Further development of the corporate strategy with a focus on profitable growth and accelerated transformation to a circular economy model

·       Lenzing continues to advance purposefully toward Group-wide climate neutrality

·       Earnings guidance for 2022 confirmed: EBITDA expected significantly above the 2021 level.

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The countdown to SS23 begins

29 July 2022, Mumbai:

Copenhagen Fashion Week SS23 is fast approaching -

a week of shows, events, activations, and creative expressions will light up the city of Copenhagen from 9 - 12 August. With a full schedule of physical catwalk shows, each showcase will be live-streamed for our global audience around the world.

RELATED NEWS . Copenhagen Edition, Global Fashion Summit: An Update 

 

ALSO READ Danish brand B. Copenhagen forays in India

SS23 International Guest Program

Each season we ensure to invite some of the most directional and relevant international leaders from the press and influential valued directors from global retailers, this season with the support of Creative Denmark. 

Event and presentation schedule for SS23

For the SS23 edition, the event and presentation schedule celebrates a range of showcases, activations, launches, and releases from some of our most exciting emerging and international leading brands both from the Nordics and from afar.

Accreditation for SS23 closes 1 August Accreditation for SS23 closes 1 August for press, buyers, and industry figures interested in attending the showcases on the official CPHFW show schedule.

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Première Vision, NY: ISKO™Luxury by PG

21 July 2022, Mumbai:

ISKOTM Luxury by PG – ‘Born to Amaze’.

ISKO’s partnership with PAOLO GNUTTI, featuring exclusive creations for the luxury segment, hits Première Vision in New York. Presenting innovative denim technology through the lens of high-end luxury to create a new premium aesthetic.

RELATED NEWS Lenzing x TfS: Look to build global sustainable supply chains

ALSO READ Lenzing: Expands carbon-neutral fiber portfolio for Workwear

An exciting collaboration is taking the denim fashion world to the next level as ISKO teams up with Paolo Gnutti, to break exciting new ground in the world of premium, luxury denim.

Combining ISKO’s advanced denim technologies with PG’s creative vision, the result is a special ISKOTM Luxury collection by PG, characterized by a unique high-end appeal. The collection embodies ISKO’s most revolutionary technological innovations combined with the long-standing expertise of Paolo Gnutti, who explored aesthetics highly profiled to the unique needs of the luxury segment through 7 main moods.

“The collaboration with ISKO is exciting on so many levels” explains Paolo Gnutti, PG founder, “because together we can really take the premium sector to the next level thanks to the company’s pioneering and game-changing technologies.

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