Corporates

Lululemon Posts 7% Rise In Q2 Revenue; Cuts Revenue Forecast

Textile Insights September 8, 2025

Lululemon Athletica Inc reported a 7% rise in revenue to US$ 2.5 billion for the second quarter ended August 3, 2025, but lowered its full-year outlook as sluggish US sales and higher tariffs weighed on performance. Comparable sales rose 1%, with a 4% drop in the Americas offset by a strong 15%

Corporates

VTM Ltd Unveils Strategy To Counter New U.S. Tariffs

Textile Insights September 8, 2025

Home-textile maker VTM Ltd has announced a set of proactive measures to cushion the impact of newly imposed U.S. tariffs on Indian imports, while accelerating diversification into new markets and product categories. The company said it will honour all confirmed U.S. orders and work with key customers on pricing and assortment adjustments. To rebalance its […]

Corporates

Trustrace Partners With ASOS To Strengthen Supply Chain Transparency

Textile Insights September 8, 2025

TrusTrace, a global leader in supply chain traceability and compliance, has entered a strategic partnership with ASOS to enhance supply chain transparency, resilience and compliance across the fashion retailer’s global value chain. As part of its Fashion with Integrity strategy, ASOS is investing in advanced traceability infrastructure to gain real-time visibility down to

Corporates

Milliken Acquires Highland Industries To Expand Technical Textiles Portfolio

Textile Insights September 8, 2025

Global diversified manufacturer Milliken & Company has acquired the assets of Highland Industries Inc. in Cheraw, South Carolina, strengthening its domestic footprint and technical textiles portfolio. The Highland facility will serve as a hub for Milliken’s weaving and knitting operations in the region. “This acquisition bolsters the capabilities of Milliken’s

Corporates

JustBrand Acquires Venture Heat

Textile Insights September 8, 2025

JustBrand Ltd, a leader in heated apparel and wearable technology, has acquired Venture Heat, one of the early pioneers in battery-heated gear. The move cements JustBrand’s position as the largest heated clothing company in North America, while expanding its reach in retail, tactical and industrial markets. The company already owns popular brands such as The […]

Corporates

Lenzing To Redeem Remaining €182 Mn Hybrid Bond Issued In 2020

Textile Insights September 6, 2025

Austrian fibre major Lenzing AG on Friday said it will redeem the remaining portion of its undated, subordinated resettable fixed rate notes, also known as the Hybrid Bond 2020, issued in December 2020. The company said it is exercising its contractual call option to redeem the outstanding bonds, carrying ISIN XS2250987356, at par along with […]

Event

PHDCCI To Host 4th Sustainable Textile Summit In Delhi On Sept 17

Textile Insights September 6, 2025

The PHD Chamber of Commerce and Industry (PHDCCI) will host the fourth edition of its Sustainable Textile Summit on September 17, 2025, at the Lakshmipat Singhania Auditorium, PHD House, New Delhi. The annual event has emerged as a key platform for charting India’s path toward greener and more circular textile production. Themed ‘Innovating Towards a […]

Textile Park

MP Nets Rs 12.5k Cr Investment For PM MITRA Park

Textile Insights September 5, 2025

Madhya Pradesh secured investment proposals worth Rs 12,508 crore for its upcoming PM MITRA Park in Dhar, with 15 textile majors committing projects that could generate over 18,000 jobs. The biggest commitment came from Trident Group at Rs 4,500 crore, followed by A.B. Cotspin (Rs 1,300 crore), Arvind Mills (Rs 1,024 crore), Sanatan Textiles (Rs […]

Economy

India–EFTA Trade Pact To Take Effect From October 1: Says Switzerland

Textile Insights September 5, 2025

The free trade agreement between India and the European Free Trade Association (EFTA) will come into force on October 1, Switzerland announced on September 3, calling it a landmark deal that embeds legally binding provisions on trade and sustainable development for the first time in any Indian FTA. The Trade and Economic Partnership Agreement (TEPA), […]

Corporates

Samsara Eco Opens First Plant To Scale Circular Plastics

Textile Insights September 5, 2025

Australian biotech innovator Samsara Eco has opened its first commercial-scale plant in Jerrabomberra, marking a key step in its push to turn plastic waste into circular materials. The new facility will boost production of virgin-equivalent, low-carbon materials such as recycled nylon 6,6 and polyester for use in apparel, packaging, and automotive industries. It also