19 December 2022, Mumbai

So far the import figure of the EU indicates a good position of Bangladesh’s apparel in EU markets.

Bangladesh remains the second largest source of clothing for Europe with a 22.56% share while China tops the position with a 29.04% share.  EU imported USD 22.59 billion worth of clothing from China during the first nine months of 2022 while the year-on-year growth was 25.19%.

EU’s imports from Bangladesh increased by 43.21% and reached USD 17.56 billion during the mentioned period compared to the same period in 2021, whereas EU’s imports from the world grew by 27.87%.

Being the 3rd largest apparel import source, the EU’s import from Turkey reached USD 9.19 billion with 14.86% year-over-year growth. On the other hand, the EU’s imports from India increased by 25.85%.

Among the top ten apparel suppliers to the EU, Bangladesh attained the highest growth. Other countries having significant growth were Cambodia 41.08%, Indonesia 33.46%, and Pakistan 30.76%.

The brand sees huge potential for growth in the coming years and is eyeing a million customers over the next two years with a target revenue of Rs 100 crores.

Credits: The European statistics organization ‘EUROSTAT’ report.

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01 December 2022, Mumbai

LENZING™ ECOVERO™ hits production milestone and increases capacity to meet growing demand.

The rise of LENZING™ ECOVERO™ from sustainability niche to market standard

More than 500 brands around the world have partnered with LENZING™ ECOVERO™.  

Lenzing to the double production capacity of LENZING™ ECOVERO™ fibers in 2023.

Lenzing Group, is celebrating a key milestone as the production of LENZING™ ECOVERO™ branded viscose fibers reached over 300,000 tons since the brand’s inception in 2017.

More than 300,000 tons of LENZING™ ECOVERO™ branded fibers have been produced since the brand’s launch in 2017.

In 2022, more than 500 brands have certified their products with Lenzing.

Brands including Orta and Farm Rio have proudly communicated their sustainability commitments by highlighting their use of LENZING™ ECOVERO™ fibers in promotion campaigns.

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17 November 2022, Mumbai:

Despite Challenging Global Macro Environment, Reiterates Positive Outlook on SOPA Based on Strong Revenue Generation and Compelling Valuation.

About Society Pass Inc

Founded in 2018 as a data-driven loyalty, fintech, and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore, and Thailand, which account for more than 80% of the SEA population.

Significant year-on-year revenue growth in 3Q 2022. 3Q22 revenue of $2.1M increased significantly from $84K in the prior year's quarter.

A positive view of the early stages of building a SEA e-commerce company. Luxury store, Leflair provides luxury goods online. Additional businesses include online delivery companies Handycart and Pushkart (bought during 1Q22), as well as Gorilla Networks, a telecom MVNO (early June 2022).

Challenging macro environment, yet positive on micro company business plan. Maxim factors in a more challenging macro environment impacting Society Pass' end markets and notes that Sea Ltd (SE - NR), SE Asia's largest internet company.

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16 December 2022, Mumbai

It offers the 25,000 expected visitors from 100 nations the opportunity for efficient "one-stop shopping". More than 600 exhibitors from all fashion segments will present themselves on 45,000 sqm at the Istanbul Exhibition Center.

The partnership of IFCO with Igedo Exhibitions, Düsseldorf for the international participation EUROPEAN SELECTION will also celebrate its premiere.

More than 600 exhibitors from all fashion segments will present themselves on 45,000 sqm at the Istanbul Exhibition Center.

For the first time, there will be a separate area for sourcing.

IFCO also serves as the gateway to the Eastern European and Central Asian markets and the Arabian Gulf region.

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30 November 2022, Mumbai

BGMEA is one of the lead partners in the Partnership for Cleaner Textile (PaCT) project.

The new office of the Textile Technology Business Center (TTBC) opened on 20th November 2022 at BGMEA Complex in Uttara, Dhaka.  

Her Excellency Ms. Winne Estrup Petersen, Ambassador of Denmark to Bangladesh; His Excellency Mr. Anne Van Leeuwen, Ambassador of the Netherlands to Bangladesh; Mr. Martin Holtmann, Country Manager, IFC; and other representatives from Embassy of Denmark and the Netherlands were present during the opening ceremony.

The Dutch Government, particularly the Embassy of the Kingdom of the Netherlands to Bangladesh came forward to support the project which eventually proved its success through all the impacts that it demonstrated in the past decade.

One of the key deliverables of the PaCT project is to establish a knowledge center named ‘Textile Technology Business Center (TTBC)’ which will serve as the one-stop knowledge hub for the textile and clothing sector.

The TTBC will promote resource-efficient technologies such as a low liquor ratio dyeing process, new generation dyes, and chemicals, advanced ETP technologies, cogeneration, etc.

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16 November 2022, Mumbai:

Global Footwear Sourcing Returns, the Javits Center Jan. 31^st - Feb. 2^nd NYC!

Within Global Footwear Sourcing, visitors can once again take advantage of educational seminars, hosted by FDRA.

It is curated by New York-based trend agency TOBE | Doneger

It covers niche industry topics and discovers the latest technology trends fueling innovation within the footwear industry inside Texworld NYC's Trend Showcase. 

After a successful summer debut, Global Footwear Sourcing, presented by Texworld New York City, Material Exchange, and FDRA, returns for the Winter 2023 Edition.

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07 December 2022, Mumbai

Join January 31 for a one-day-only trend talk by Nicki Gondell, founder of Trend House, as she takes attendees on a journey through Milan based agency.

Debuting at Texworld Evolution NYC this winter, Printsource brings expanded offerings and educational opportunities to the show floor.

Don't miss out!

Discover the rustic beauty of Harmony, and the wild earthiness of Rebirth.

Discover S/S 2024 Print and Color Trends.

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22 November 2022, Mumbai:

Hohenstein has invested 1.3 million Euros in AI technology startup, Sizekick.

"Our artificial intelligence is already learning thanks to Hohenstein with the world's largest and highest quality database of 3D body scans. This is an extremely big advantage for our AI," highlights Jake Lydon, CTO at Sizekick.

The collaboration will enable accurate decisions on apparel size, improve online shopping experiences, reduce returns, and prevent the associated CO2 emissions.

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12 November 2022, Mumbai:

As Jeanologia celebrates 20 years in Bangladesh, introducing Laundry5.Zero to Bangladeshi textiles at the Bangladesh Denim Expo.

The Jeanologia's product boasts of following cutting-edge features

This eco-efficient plant guarantees 85% savings in water usage.

It allows a new digital, automated, and sustainable production model that reduces time, and costs, and simplifies processes.

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06 December 2022, Mumbai

Dorer’s appointment follows Steve Rendle’s decision to retire from his position as Chairman,
President and Chief Executive Officer.

Benno Dorer was Appointed Interim President and Chief Executive Officer.

Steve Rendle Retires as Chairman, President, and Chief Executive Officer.

“The Board thanks Steve for his many contributions and leadership during his nearly six years as CEO and nearly 25 years with VF,” said Dorer. “Steve’s commitment to the business, passion for building strong brands, and focus on culture have helped VF evolve our portfolio of strong active-lifestyle brands and establish VF as a purpose-led company. We wish Steve well in his future endeavors.”.

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18 November 2022, Mumbai:

"The mood among manufacturers of Textile Care, Fabric, and Leather Technologies is largely positive," said Elgar Straub, MD of VDMA Textile Care, Fabric and Leather Technologies at the trade association's industry meeting in Brussels. "Despite the enormous increase in energy costs, the still existing problems in the supply chains, and the still unforeseeable consequences of the war, the industry representatives report well-filled order books.".

Orders and sales of the German manufacturers of Textile Care, Fabric, and Leather Technologies are still on a growth course: in the period from October 2021 to September 2022.

The most important export market from a German perspective was Poland, followed by Italy and France.

Incoming orders increased by 37 percent in real terms and sales are also positive for the technology manufacturers with a growth of 14 percent compared to the previous year.

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10 November 2022, Mumbai:

The “Made in Bangladesh Week”, 12th to 18th November this year

Bangladesh Garment Manufacturers & Exporters Association (BGMEA) in partnership with Bangladesh Apparel Exchange (BAE) are going to organize it.

It is a week-long physical comprehensive initiative that strives to demonstrate and present a slew of shows spanning summits, expositions, exhibitions, awards, factory tours, cultural shows to networking dinners.

For World’s 2nd largest apparel-exporting country, Bangladesh it is a demonstrability presenting it as a signature event in its journey of driving excellence.

Placing it on record, the nation exports ‘Made in Bangladesh’ apparel in excess of 160 countries globally.

The ‘Made in Bangladesh Week’ is designed to bring under one roof all the stakeholders of the Bangladesh apparel industry in its coherent & collaborative approach presenting an immense opportunity to discuss sector prospects and laydown roadmap as we move ahead in a world where uncertainty is new certainty.

BGMEA: A vision for a sustainable future, a better future.

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