Corporates

Lululemon Adds Two Directors In Deal With Founder Chip Wilson

Textile Insights June 1, 2026

Lululemon has entered into a cooperation agreement with founder and major shareholder Chip Wilson, paving the way for board changes aimed at strengthening the company’s leadership and growth strategy. Under the agreement, Laura Gentile, former Chief Marketing Officer of ESPN and Marc Maurer,

Corporates

Oil Green–Hindustan Waste JV To Advance Circular Bioenergy Infrastructure

Textile Insights June 1, 2026

In a significant move aligned with India’s circular economy and clean energy ambitions, OIL Green Energy Ltd, a wholly owned subsidiary of Oil India Ltd, has signed a joint venture agreement with Hindustan Waste Treatment Pvt. Ltd. to jointly develop integrated bioenergy and sustainable waste management projects across the country. The partnership will establish a […]

Corporates

CWDB, Essma Felts Sign MoU To Promote Wool-Based Innovation

Textile Insights June 1, 2026

The Central Wool Development Board has signed a Memorandum of Understanding (MoU) with Essma Felts Limited to strengthen innovation and development in wool-based products, with a special focus on the utilisation of indigenous coarse sheep wool. The MoU was signed in the presence of Neelam Shami Rao, Padmini Singla, and G.S. Bhati. The partnership aims […]

Corporates

Manomay Tex Acquires Stake In Lov Smart Rj-1 For Rajasthan Plants

Textile Insights June 1, 2026

Manomay Tex India Ltd has approved the acquisition of a 26 per cent equity stake in Lov Smart Rj-1, a company engaged in renewable energy generation and transmission, as part of its strategy to strengthen captive green energy capacity for its Rajasthan-based manufacturing operations. The acquisition, valued at Rs 3.12 crore, will enable Manomay Tex […]

Corporates

Jonathan Andic Steps Away Temporarily From MANGO Responsibilities

Textile Insights June 1, 2026

MANGO has announced that Jonathan Andic will temporarily step away from his responsibilities at the company, a decision he communicated through an open letter issued recently. In an internal communication to employees, Chairman and Chief Executive Officer Toni Ruiz expressed his respect, understanding and full support for Andic’s decision, while reaffirming the company’s

Corporates

Active Clothing Strengthens FY26 Expansion Strategy

Textile Insights June 1, 2026

Active Clothing Co. Ltd., is accelerating its retail expansion and product diversification strategy as it positions itself for sustained growth in FY26, according to its latest investor presentation for Q4 and 12M FY26. The company, which has evolved from a fashion wear-sketch-to-store enterprise into an integrated apparel player, continues to strengthen its presence

Corporates

Hellmann–MAS Holdings To Develop New Logistics Hub In Sri Lanka

Textile Insights June 1, 2026

Hellmann Worldwide Logistics and MAS Holdings have announced the development of a new built-to-suit contract logistics facility in Kimbulapitiya, Sri Lanka, marking a key expansion of their joint venture Hellmann MAS Supply Chain (HMSC). The groundbreaking ceremony was attended by senior representatives including Kamal Boyagama (HMSC), Patrick Grzywa (Hellmann IMEA),

Corporates

AMANN Group To Expand Manufacturing Footprint In Bangladesh

Textile Insights June 1, 2026

German industrial thread manufacturer AMANN Group has announced plans to expand its manufacturing footprint in Bangladesh, reinforcing its long-term commitment to one of the world’s largest apparel sourcing destinations. The development was shared by AMANN Group CEO Markus Nicolaus during a meeting with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

Corporates

Loop Industries Advances India Recycling Project With Gujarat MoU

Textile Insights June 1, 2026

Loop Industries has signed a memorandum of understanding (MoU) to advance development of its first commercial-scale recycling facility in India, marking a significant step in the company’s global circular polyester expansion strategy. The proposed plant will be located in Gujarat’s Bharuch industrial corridor, a key manufacturing hub offering strong logistics connectivity

Corporates

MAG Solvics, KCG College Sign MoU For Textile Innovation

Textile Insights June 1, 2026

MAG Solvics has signed a Memorandum of Understanding (MoU) with KCG College of Technology, Chennai, to foster innovation, industry-oriented learning, research and technological advancement in the textile and fashion sectors. The MoU was formally signed by Dr. Annie Jacob, Director of KCG College of Technology, and Dhandayuthapani Chidambaram, Managing Director of MAG