22-Mar-2021
Indian fashion brand Bewakoof raises ?30 cr from IvyCap Ventures
Indian direct-to-consumer (D2C) fashion brand Bewakoof recently announced raising ?30 crore from IvyCap Ventures Trust Fund II. The funds would help it evolve into a ?1,000-crore company by fiscal 2023-24, it said. The fresh infusion comes ten months after its previous fundraise in May last year, when had raised ?8 crore, the company said in a statement.
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03-Feb-2021
Filson implements Gerber''s YuniquePLM
Filson, the leading outfitter and manufacturer of goods for outdoor enthusiasts, has leveraged Gerber Technology’s cloud-based product lifecycle management (PLM) system, YuniquePLM, to ensure smooth, digital process that will promote team collaboration and empower them to offer highest quality products, whether they are in the office or working remotely.
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01-Feb-2021
Seven mega textiles parks highlight of Budget: CMAI
The announcement on setting up of seven mega textiles parks is the highlight of the Union Budget 2021-22, directly impacting the textile industry, The Clothing Manufacturers Association of India (CMAI), the apex association of the apparel industry of the country, has said. Several announcements impacting consumer spending will help the apparel sector.
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01-Feb-2021
Karl Mayer opens Textile Marketspace in North America
In order to connect to the textile industry with new technologies, Karl Mayer has developed its Textile Makerspace. The platform will encourage exchange and offer interested parties the opportunity to test new technologies for their project. Since the end of 2020, customers can now also develop and implement ideas for e-textiles at Karl Mayer North America.
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01-Feb-2021
Hyosung presents sustainable fibres at ISPO Munich 2021
Hyosung is presenting its new sustainable and multi-functional regen fibres at the ongoing ISPO Munich Online, February 1-5, 2021. Hyosung is a fibre manufacturer that produces world-class products, providing innovation and solutions to the textile industry. The company is a solutions provider across the value chain from mill, to brand, to consumer.
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17-Dec-2020
Virus resurgence hits H&M sales, cuts promising recovery
Swedish fashion retailer H&M says its sales fell 10 per cent in the fourth quarter as the second wave of the COVID-19 pandemic stalled consumer spending, cutting short a promising recovery seen in the third quarter. The Stockholm-based company said Tuesday ahead of reporting full fourth quarter earnings in January that sales in the September to November period dropped to 52.5 billion Swedish kronor (USD 6.25 billion) from 61.7 billion kronor a year earlier.
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17-Dec-2020
Hybrid exhibition to support Intertextile Apparel in March
The organisers of Intertextile Shanghai Apparel Fabrics have announced that Spring edition will be held from March 10 - 12, 2021 at National Exhibition and Convention Centre (Shanghai). The fair will adopt a hybrid format with online platforms and digital solutions complementing the physical fair, to support exhibitors in China’s recovering textile market.
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17-Dec-2020
Brrr introduces advanced cooling fabric, Brrr Pro
Brrr, a cooling fabric innovator, has announced a new advanced performance textile ‘Brrr Pro’ which has enhanced cooling fibres that are embedded with micro cooling minerals, plus hyper wicking and performance drying that work together to elevate the “triple chill effect” for superior comfort and a fresh experience that outperforms other brands.
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17-Dec-2020
JD Sports Fashion acquires Shoe Palace in United States
JD Sports Fashion Plc, a leading retailer of sports, fashion and outdoor brands, recently announced that Genesis Holdings Inc, its existing wholly-owned intermediate holding company in the United States, acquired cent per cent of both the issued shares in the Shoe Palace Corporation and the members'' interests in Nice Kicks LLC on December 14.
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17-Dec-2020
G-III Apparel sales decline to $827 mn in Q3 FY21
G-III Apparel Group, a US-based designer of apparel under owned label brands, has reported 26.7 per cent sales decline to $826.6 million in its third quarter (Q3) fiscal 2021 that ended on October 31, compared to the sales of $1.13 billion in the same period last year. Company’s net income slipped to $63.1 million (Q3 FY20: $95.3 million).
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