Corporates

Mario Mendis Appointed EuroCham Chief Delegate for Central Vietnam

Textile Insights March 17, 2025

EuroCham Vietnam has appointed Mario Mendis as Chief Delegate for Central Vietnam, reinforcing its commitment to strengthening business engagement and advocacy in the region. Mendis, a seasoned international hotelier with 26 years of experience across Australia, Sri Lanka, Dubai, Thailand and

Corporates

Lenzing AG Announces Changes In Supervisory Board Leadership

Textile Insights March 17, 2025

Lenzing AG has announced changes to its Supervisory Board leadership ahead of its 81st Annual General Meeting (AGM) on April 17, 2025. Cord Prinzhorn, the current Supervisory Board Chairman, will step down at the end of his mandate to focus on other commitments within B&C Group. Patrick Lackenbucher, Managing Director of B&C Group, has been […]

Corporates

D’DECOR Appoints Debajit Kundu As Vice President

Textile Insights March 17, 2025

D’DECOR HOME FABRICS has appointed Debajit Kundu as Vice President, bringing extensive experience in textile manufacturing and operational excellence. With a strong background in weaving and fabric production, Kundu will focus on driving growth and innovation in the home textiles sector. Prior to joining D’DECOR, Kundu held leadership roles at Vardhman

Corporates

Julien Leclercq Appointed Chairman Of Decathlon’s Board Of Directors

Textile Insights March 17, 2025

Decathlon, a global leader in sports retail, has announced the appointment of Julien Leclercq as the new Chairman of its board of directors, succeeding Fabien Derville, who has held the position since 2018. The leadership transition took effect on March 10, 2025. During his tenure, Fabien led Decathlon through a period of significant growth and […]

Financial Results

Adidas Reports Strong Q4 And Full-Year 2024 Financial Results

Textile Insights March 17, 2025

Adidas reported a 12% increase in global revenue for 2024, reaching EUR 23.683 billion on a currency-neutral basis. Operating profit rose by over EUR 1 billion to EUR 1.337 billion, while the gross margin improved by 3.3 percentage points to 50.8%. In Q4 2024, Adidas posted revenue of EUR 5.965 billion, up 19% year-on-year, with […]

Financial Results

Hugo Boss Reports Strong Performance In Q4 2024

Textile Insights March 17, 2025

Hugo Boss closed 2024 with record sales of €4.3 billion, reflecting a 3% increase (currency-adjusted) driven by a strong fourth quarter performance (+6%). Growth was led by the Americas, which reported a 13% increase in Q4 (FY: +8%), followed by EMEA with a 6% rise in Q4 (FY: +3%). However, the Asia-Pacific region declined by […]

Fibre

Kraig Labs Achieves Record-Breaking Spider Silk Production In Early 2025

Textile Insights March 17, 2025

Kraig Labs has set a new production record in early 2025, surpassing its entire 2024 spider silk output with a single production run. This milestone reflects the company’s rapid success in scaling up the commercial production of its BAM-1 silk technology. “This production run is not just our largest to date—it’s larger than everything we […]

Machinery

Monforts Montex Stenters Drive Growth For Leading Knitwear Manufacturers

Textile Insights March 17, 2025

Market-leading knitted fabric manufacturers across Europe and Asia, from Portugal to Pakistan, are choosing Monforts Montex stenters for precise and automated handling during drying and finishing. The Montex stenter is known for its ability to handle delicate knitted fabrics with low tension and even thermal treatment, ensuring high-quality results while improving energy

Sustainability

Global Standard Joins ‘Make The Label Count’ Coalition

Textile Insights March 17, 2025

Global Standard, the nonprofit behind the Global Organic Textile Standard (GOTS), has joined the Make the Label Count coalition, reinforcing its commitment to credible and transparent textile sustainability claims. As a recognized authority in the organic textile industry, Global Standard will contribute its expertise to ensure that sustainability claims in the EU are

Machinery

Andritz Tearing Line Enhances Recycling Capacity At Buitex

Textile Insights March 17, 2025

Andritz has supplied and commissioned a new reXline tearing system for Buitex, part of Semin Group, at its facility in Cours, France. The new line increases Buitex’s textile waste recycling capacity for sustainable insulation production. This second Andritz tearing line boosts fibre processing efficiency with an advanced hard-point removal system and next-generation