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.

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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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19 July 2022, Mumbai:

119 EXHIBITORS

LINEAPELLE NEW YORK took place on 13 and 14 July 2022 in the usual exhibition spaces of the Metropolitan Pavilion in Manhattan. 119 exhibiting companies, 60 from Italy and 59 from abroad, divided as follows in terms of product categories: 91 tanneries, 8 manufacturers of accessories and components, 13 of fabrics and synthetics, and 7 of chemicals and other types.

Reference season: Autumn-Winter 2023-2024, in which the exhibitors, taking their cue from the trends developed by the Lineapelle Fashion Committee, have declined in the first collection launches.

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ENTHUSIASM IN MANHATTAN

"The positive, sometimes enthusiastic comments," says CEO Fulvia Bacchi, "of almost all exhibitors confirm the need for an event like Lineapelle New York, whose fixed presence in the American market for over 20 years has served and continues to serve to make our Made in Italy products known and to stabilise the business relationships of our companies.

LINEAPELLE LONDON AND LINEAPELLE 100 Having closed LINEAPELLE NEW YORK, the industry's gaze shifts first to London and then to Milan.

On Tuesday 6 September 2022, in fact, LINEAPELLE LONDON will return, presenting the Fall-Winter 2023-2024 trends in the usual setting of the Ham Yard Hotel.

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15 July 2022, Mumbai:

Victoria’s Secret, the premium lingerie and beauty retailer has named Amy Hauk chief executive of both the Victoria’s Secret and Pink brands. Since 2018, Hauk served as the chief executive of Pink, and prior to that, spent a decade in merchandising at Bath and Body Works — which, along with Victoria’s Secret, was under the umbrella of retail conglomerate L Brands until August of last year.

Also, Victoria’s Secret & Co. has announced a new streamlined corporate leadership structure to consolidate the business enterprise.

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While the brand enters the market with a digital focus on the beauty business.

Victoria’s Secret is the latest retailer to join the metaverse.

Last year, Victoria’s Secret permanently closed 241 stores in North America and has projected to shut another 30 to 50 stores in the region.

CREDITS: BOF Careers

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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.

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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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19 July 2022, Mumbai:

NYC- SOORTY HOSTS OPEN HOUSE IN COLLABORATION WITH TONELLO AND MORE.

Responsible Innovation for A Better Tomorrow: Soorty Hosts Open House at Creative Room SpaceD Showroom in NYC With Collaborators from Tonello, Lenzing, The Lycra Company, Haelixa, and More.

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Soorty, one of Pakistan’s largest vertically integrated denim companies, is hosting an open house event, “Responsible Innovation for A Better Tomorrow,” at SpaceD - their creative showroom in New York on July 18 th and 19 th .

Soorty has joined forces with some great names like Tonello, C2C, Lenzing, The Lycra Company, Garmon, Halexia, Terra Dyes, Von Dutch, and more to celebrate a collective movement by bringing the pioneering & game-changing supply chain players of the denim industry together.

To kick off the open house, Soorty and its partners will host a series of programs and workshops over the course of the two days to highlight the latest conscious technologies.

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14 July 2022, Mumbai:

Organised by the Hong Kong Trade Development Council (HKTDC), the 38th HKTDC Hong Kong International Jewellery Show and 8th HKTDC Hong Kong International Diamond, Gem & Pearl Show will be held at the Hong Kong Convention and Exhibition Centre from 29 July to 2 August, presenting a dazzling array of exquisite jewellery and jewellery-making materials.

The two shows will be fully open to the public, welcoming jewellery lovers to enjoy the displays and purchase precious items.

In parallel with the twin jewellery shows, the HKTDC will stage the inaugural Simply Shopping Fest, bringing together a variety of gourmet foods and wine, home and living products, as well as toys and leisure products to offer the public a rewarding one-stop shopping experience.

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430+ global exhibitors participate in twin jewellery shows

This year's twin jewellery shows have attracted more than 430 exhibitors. In addition to local jewellery companies, exhibitors from Mainland China, Germany, Italy, Japan and Singapore are taking part in the event, including the Italian pavilion that comprises some 20 exhibitors. In addition, the Asia Pacific Creator Association will present innovative jewellery creations from a number of Hong Kong designers.

Sophia Chong, Deputy Executive Director of the HKTDC, said: "Many exhibitors taking part in the jewellery shows have continued to explore opportunities in the retail market during the pandemic, while local consumers crave jewellery pieces with unique designs and attractive pricing. That's why we have fully opened this year's shows to public visitors.

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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.

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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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18 July 2022, Mumbai:

This first edition in July recorded a 29% increase in visitors and marked the return of foreign buyers. In total, around 3,700 buyers came to meet the international textile and finished product manufacturers selected by the Messe Frankfurt France team.

The dates are set for the next edition, from 6 to 8 February 2023 at the Parc des Expositions de Paris - Le Bourget.

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A new stage has been reached for this summer edition. Held for the first time in July with the ambition of offering a sourcing calendar adapted to the fashion market, this vintage of the Apparel Sourcing, Avantex, Leatherworld et Texworld Paris trade fairs confirms the gradual resumption of exchanges. Over 3 days, around 3,700 professional buyers were able to discover the 400 exhibitors gathered in Hall 4 of the Parc des Expositions de Paris - Le Bourget.

With an increase of 29% compared to February 2022, attendance at Texworld Evolution Paris was also marked by the return of foreign visitors, whose proportion reached 83%, compared to 65% in February.

International buyers, particularly from Europe, have found their way back to the capital: after the French, Spanish, English and Italian professionals are in the top three, followed by Turkish buyers, Germans, Dutch and Americans..

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14 July 2022, Mumbai:

Pure London Welcomes 28 Polish Brands to their International Programme.

Pure London, the UK’s leading trade fashion buying event taking place at Olympia, London from the 17^th – 19^th July 2022, offers an extensive international programme showcasing fashion collections from over 30 countries including 28 brands from Poland.

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With a strong and growing fashion sector, Poland’s micro and small fashion enterprises have developed in recent years, pushing forward with innovation and creativity. Products are now appreciated on global markets, including high-quality clothing and footwear, and attractive amber jewellery.

Polish products are modern, carefully made and have an attractive price point. Brands in Poland have benefited from the Polish Development Fund Group’s (PFR) ‘Go To Brand’ Funding, which has offered to subsidise 50% to 85% of the cost of exhibiting at Pure London to Polish brands.

The Ministry of Economic Development and Technology of the Republic of Poland promotes native brand products and works to strengthen the image of Poland and the Polish Economy in the world. The Ministry of Economic Development and Technology Press Office says: “The fashion industry contributes to building a strong and recognisable Polish Economy Brand.

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20 July 2022, Mumbai:

EUROJERSEY presents the new AW 2023 “FAIRY CORE” Lingerie collection made with Sensitive® Fabrics.

EUROJERSEY's Sensitive® Fabrics are entering a new season with proposals for eclectic lingerie, a synthesis of a fantastical journey that adds that sense of magic to everyday life.

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An aesthetic, enchantingly impetuous and happy as fairies in another world, it combines seduction and sophistication through a declination of nuances from the coolest and lunar to the most intense and passionate, interspersed with neutral and earthy tones. Metallic geometries, chiné floral patterns, and nature-inspired textures combine with theatrical sets and calligraphic artistry for a collection that enhances the most sensual sphere.

A true ode to femininity with the new gothic style with a dark aesthetic but equally balanced by that touch of essentiality and attention to detail. As intangible as a second skin, Sensitive® Fabrics offer breathability, freshness, and lightness.

Delicate and super comfortable they feature three-dimensional stretch for a perfect fit. Innovative, inimitable, and pilling-free, they are undeformable and irreplaceable fabrics for the pleasure of the wearer, adapting to the body and lending sophistication to every undergarment.

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16 July 2022, Mumbai:

Gap CEO Sonia Syngal is stepping down, effective immediately, the company announced on Monday, as the apparel retailer battles supply chain challenges and slumping sales.

Syngal will stay at the company during a brief transition period, and Bob Martin, the company’s current executive chairman of the board, will serve as interim president and CEO, Gap said.

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Through it all, Gap Inc. and its dedicated teams have seized change as an opportunity, restructured for future growth, crystallized unique brand identities rooted in cultural relevance, and fiercely chased transformation,” said Syngal.

The company also announced that Horacio “Haio” Barbeito will join the Gap Inc. Leadership Team as president and chief executive officer of Old Navy, where he will lead the brand in delivering on its unique value proposition, offering style, t, quality, and cultural relevance at jaw-dropping prices.

Barbeito will join Old Navy on August 1. “The company’s co-founders, Doris and Don Fisher, created a lasting and undeniable legacy for Gap Inc. as a company with a heart. It is a home for creatives, innovators, data scientists, operators, and customer advocates, to build their careers and break boundaries, just as it enabled me to do the same,” added Syngal.

CREDITS: CNBC

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13 July 2022, Mumbai:

Buybacks of shares by H&M during week 27, 2022.

RELATED NEWS .  H & M Hennes & Mauritz AB: 6 month report

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Between 4 July 2022 and 8 July 2022 H & M Hennes & Mauritz AB (publ) (LEI code 529900O5RR7R39FRDM42) has repurchased in total 1,059,725 own B shares (ISIN: SE0000106270) as part of the share buyback programme initiated by the board of directors. The share buybacks form part of the SEK 3.0 billion share buyback programme that H&M announced on 29 June 2022.

The share buyback programme, which runs between 29 June 2022 and 30 November 2022, is being carried out in accordance with Regulation (EU) No 596/2014 on market abuse (the Market Abuse Regulation – MAR) and Commission Delegated Regulation (EU) 2016/1052 (the so-called Safe Harbour Regulation).

All acquisitions have been carried out on Nasdaq Stockholm by SEB on behalf of H&M. Following the above acquisitions, H&M’s holding of own shares amounts to 1,700,368 B shares as of 8 July 2022. The total number of shares in H&M, including the own shares, is 1,655,072,000 and the number of outstanding shares, excluding the own shares, is 1,653,371,632.

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