All Stories

adidas AG: Engages with Bjørn Gulden, CEO of PUMA SE

07 November 2022, Mumbai:

adidas AG is in talks with a potential successor to CEO Kasper Rorsted.

About adidas

Adidas, a global leader in the sporting goods industry, and Foot Locker, Inc. (NYSE: FL) (“Foot Locker”), the New York-based specialty athletic retailer.

About puma

Ever since its foundation in 1948, it has been the company’s philosophy to provide the fastest athletes with the fastest products, an attitude summarized in the brand’s motto “Forever Faster.”.

adidas AG confirms that it is in talks with Bjørn Gulden, CEO of PUMA SE, as a potential successor
to adidas AG CEO Kasper Rorsted.

Latest Textile News

adidas

Fashion Industry Meet: Solutions for Forced Labor & Supply Chain Outlook for 2023

27 October 2022, Mumbai:

One of the industry’s most important transportation and logistics events.

This event brings together fashion brands, retailers, importers, and service providers working in compliance, logistics, sourcing, supply chain management, government relations, and corporate social responsibility to discuss the latest updates on trade policy.

The U.S. fashion industry will convene in New York City on November 10, 2022, for the 34th Annual Apparel Importers Trade & Transportation Conference, hosted by the U.S. Fashion Industry Association (USFIA).

34th Conference for Global Brands, Retailers, & Service Providers to Cover Trade Policy, Transportation Trends, Conscious Fashion, & More.

Latest Textile News

FashionBrands

Global Cotton Textiles Sector: Economic Tsunami

13 October 2022, Mumbai:

Financial support provided by many governments during COVID-19 created aggregate demand for many commodities such as textiles, and electronic items, which led to price hikes and hence volatility in the market.

“When we are in crisis, efforts are needed to plan and act differently,” stated Velmurugan Shanmugam in India". The economic tailspin and monetary interventions are dampening the demand, which is affecting many sectors particularly, the textile sector. Cotton price has come down steeply since this Summer and spinning mills are operating at a loss in India and other countries.

Textiles and other manufacturing sectors are looking for strategies to ride out the economic storm.

The textile industry needs rethinking, retooling, and skill enhancement. The articulated “4S principle,” proposed by the United States’ Department of Defense says Sense; Shape, Shield, and Sustain. How apt this strategy is for the textile industry now!

The plan should involve: 1) Disaster Recovery and 2) Business Continuity (when the business runs smoothly).

According to Mr. Sampath, companies should identify risks (some may not be known such as the COVID-19 pandemic), and identify resources, strengths, and weaknesses, such as financial and personnel to handle demanding situations.

(CREDITS: Seshadri Ramkumar, Professor, Texas Tech University, USA)

Latest Textile News

CottonTextiles

China Textiles Clothing & Accessories Expo 2022

29 September 2022, Mumbai:

After two years of online events, China Textiles Clothing & Accessories Expo is back in person.

It has the adjoining International Sourcing Expo and Footwear & Leather Show where you can see thousands of new products and capabilities from countries such as India, Turkey, Pakistan, Bangladesh, Taiwan, Japan, and Indonesia.

Immense opportunity to visit and connect with the broadest range of partners from around the world.

A must-attend event for all owners, buyers, designers, distributors, and retailers, the expo will give you an unparalleled opportunity to connect directly and in person with 100s of suppliers of apparel/clothing, textiles, accessories, footwear, and home textiles from China.

Latest Textile News

TradeShow

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

21 October 2022, Mumbai:

The apparel industry of Bangladesh is now at crossroads where success will largely depend on how it acts to turn challenges into opportunities. Recently the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has unveiled its vision -- a vision for a sustainable future, a better future.

It duly realizes the growth of the RMG industry needs to be pursued in a manner that is sustainable and positively impacts the lives of people and the planet, we are committed to marching ahead in that direction.

In an eventful journey spanning more than 40 years, the RMG industry of Bangladesh has come across a good number of formidable challenges and risen to them, even becoming stronger with renewed vigour and zeal to move ahead.

The industry’s quest for excellence coupled with strong determination and concrete actions has earned Bangladesh glory as one of the safest, green, and ethical garment sourcing hubs in the world. It also gives importance to remaining economically viable through innovation, digitization, diversification, and being more productive

 

(CREDITS: BGMEA’s official bimonthly magazine, The Apparel Story (July-August 2022)

Latest Textile News

BGMEA

ITMF: Grasim joins as Corporate Member

12 October 2022, Mumbai:

“By joining ITMF, Grasim Industries Ltd. will join associations and companies from different companies from around the world that are active in the entire textile value chain like fibre, textile, apparel/garment, home textile, textile machinery or chemical producers as well as other organisations and companies affiliated with the textile industry.

H.K Agarwal, Managing Director of Grasim Industries Ltd, said: “Today, increasingly, businesses will need to go beyond the ordinary and serve as catalysts for driving system-level change to build solutions that meet the exacting demands of the emerging world.

This partnership enables Grasim to engage with and benefit from a valuable platform that brings together members constituting the entire value chain in Textiles from across the world.

The mission of ITMF is to bring together like-minded people on ITMF’s platform for a better understanding of the dynamics of global trends and for sharing best practices. The ITMF Annual Conference 2022 which took place in Davos, Switzerland, proved this once again”, stated Dr. Christian Schindler, Director General of ITMF.

Latest Textile News

Grasim

Lenzing: 2nd time sustainability champion

26 September 2022, Mumbai:

Lenzing – Lenzing Group, a world-leading provider of sustainably produced specialty fibers, has been awarded platinum status in the CSR rating from EcoVadis.

Global rating standard evaluates 90,000 companies: Lenzing among the top 1 percent of its industry.

This comprehensive assessment covers the four key practices of corporate social responsibility: the environment, fair working conditions and human rights, ethics, and sustainable procurement.

Lenzing joins the UN Global Compact sustainability initiative.

Latest Textile News

Lenzing

ICA Trade Event: Cotton Brazil session

21 October 2022, Mumbai:

The ICA Trade Event-Las Vegas 2022, is one of the most anticipated meetings in the cotton community.

In addition, its growers and exporters will present details on the quality program. sustainability certifications, and the bale-by-bale traceability system of Brazilian cotton production.

This will be a unique opportunity to access first-hand data on the 2022 harvest and outlook of the 2023 crop.

Latest Textile News

CottonBrazil

SEOUL FASHION WEEK: 2023 S/S

03 October 2022, Mumbai:

Seoul Collection, which is a series of top Korean designers' fashion shows, is one of the largest fashion business events in Korea. First held in 2000.

Hosted and organized by Seoul Metropolitan Government, Seoul Fashion Week is a bi-annual series of global fashion business events, held in March and October.

Presented with uncommon perceptions and unique ideas, the collection serves as a gateway for the next generation of designers. Seoul Fashion Week is operated strategically with a goal to become one of the most prominent fashion weeks in the world, following New York, Paris, London, and Milan Fashion Weeks.

‘Generation Next’ has established its prestige of fostering up-and-coming designers.

(CREDITS: seoulfashionweek.org website)

Latest Textile News

FashionWeek

CHIC Shanghai & Shenzhen: Realignment

26 September 2022, Mumbai:

With the realignment of the individual fairs, the reorganisation of resources, and a comprehensive service upgrade, CHIC provides a comprehensive integrated platform.

CHIC Shanghai Autumn targets supply and ODM/OEM production.

CHIC Greater Bay Area dives into the metaverse in Shenzhen. CHIC Shanghai Spring continues to focus on the distribution of fashion brands to the Chinese market.

CHIC China International Fashion Fair, Asia's most important fashion fair, is realigning itself. With three editions a year in Shanghai and Shenzhen, CHIC provides the universal platform for the entire fashion industry and trade.

Latest Textile News

ChineseFair

Texworld Evolution Paris: Encouraging participation

19 October 2022, Mumbai:

An event that confirms the recovery of the textile and clothing market. Texworld Evolution Paris will open its doors from 6 to 8 February 2023 at the Paris-Le Bourget Exhibition Centre.

The major sourcing nations represented

At Texworld Paris, Turkish manufacturers will once again be strongly represented this year.
Return to pre-crisis levels for most Asian countries.

Similar trends at Apparel Sourcing Paris, where many Chinese and Hong Kong companies have already confirmed their attendance.
For 3 days, Apparel Sourcing Paris and Texworld Paris will put focus on the main global offer for fashion brands, from ready-to-wear to luxury. For this edition, accompanying the recovery of international business, Messe Frankfurt France anticipates participation close to pre-crisis levels for most of the major sourcing countries.

A red thread to facilitate the visit, a new sustainable sourcing trail.

Another notable change in the strategy of Texworld Evolution Paris is that Avantex Paris and Leatherworld Paris will become annual in 2023 and will therefore only return in July 2023.

Latest Textile News

TexworldEvolutionParis

Yarn Expo 8-10 March 2023

01 October 2022, Mumbai:

Dates: 8 - 10 March 2023

VENUE: National Exhibition and Convention Center (Shanghai), China.

Product Groups

1. Fibres - Natural Fibres (cotton, wool, silk & flax / ramie), Man-made Fibres (regenerated & synthetic), Specialty Fibres

2. Yarns - Natural & Blends Yarns (cotton, wool, silk & linen/ramie), Man-made & Blends Yarns (regenerated & synthetic), Elastic Yarns, Fancy Yarns; Knitting Yarns, Specialty Yarns

3. Press & Publications.

Organiser Messe Frankfurt (HK) Ltd

The Sub-Council of Textile Industry, CCPIT China Cotton Textile Association, China Wool Textile Association, China Chemical Fibres Association, China Bast & Leaf Fibres Textile Association, and China Textile Information Centre.

Supporter: China National Textile Industry Council.

Latest Textile News

YarnExpo

Apparel Impact Institute: PVH Joins Fashion Climate Fund

23 September 2022, Mumbai:

Climate Week New York, in the apparel industry, PVH Corp., is joining its catalytic $250M Fashion Climate Fund as a lead partner, contributing $10M via the PVH Foundation.

The first-of-its-kind Fashion Climate Fund was publicly launched in June 2022 and is strategically designed to combine and leverage industry treasury and philanthropic funds to execute foundational supply chain improvements.

The leadership shown by PVH represents a big step forward in our work to tackle the industry’s supply chain emissions. PVH is one of the world’s largest fashion companies and owns iconic brands, including Tommy Hilfiger and Calvin Klein.

PVH’s commitment to join us in this important next chapter of the industry’s decarbonization efforts is very encouraging.

Latest Textile News

PVH

Latest Publications

Image