Corporates

Suzano S/A Acquires 15% Stake In Lenzing Group

June 14, 2024

Lenzing Group, a leading supplier of regenerated cellulose fibers, announced a significant development: its main shareholder, B&C Group, has signed a long-term partnership with Brazilian pulp producer Suzano S/A. Under this agreement, Suzano S/A will acquire a 15 percent stake in Lenzing AG

Corporates

Dollar Industries Bullish On South India Market

June 14, 2024

Dollar Industries Limited, a leading name in India’s lifestyle outerwear and innerwear business, announced its strategic vision for the South Indian market. As a major step, the company has signed superstar Mahesh Babu as its Brand Ambassador for South India. Established in 1972 by visionary leader Din Dayal Gupta as Bhawani Textiles, Dollar Industries now […]

Corporates

Hyosung TNC Collaborates With Ambercycle To Introduce Circular Polyester In South Korea

June 13, 2024

Hyosung TNC, a global leader in sustainable textile solutions, has teamed up with Ambercycle, a prominent material science company, to pioneer the integration of textile-to-textile circular polyester into South Korea’s supply chains. This partnership underscores both companies’ commitment to fostering a circular textile ecosystem by repurposing end-of-life

Corporates

Trident Ltd Announces Further Investment In Trident Global B.V.

June 13, 2024

Trident Limited, has announced a further investment in its step-down subsidiary, Trident Global B.V. The investment was made through Trident Home Textiles Limited (THTL), a wholly-owned subsidiary of Trident Limited. In compliance with Regulation 30 and other relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Trident

Corporates

Inditex Expands Into Uzbekistan, Resumes Operations In Ukraine

June 12, 2024

In Q1 2024, Inditex achieved robust operating results, driven by team creativity and the execution of its integrated business model. The Spring/Summer collections were well-received, with sales increasing 7.1% to €8.2 billion and a constant currency growth of 10.6%. Gross profit rose 7.3% to €4.9 billion, with a gross margin of 60.6%. Operating expenses grew […]

Corporates

Caroline Brown New North Face Brand President; VF Corp Adds Directors

June 12, 2024

Caroline Brown appointed Global Brand President of The North Face®, succeeding Nicole Otto, effective June 10, 2024. Mindy Grossman and Kirk Tanner appointed as independent directors on VF Board, effective May 30, 2024. Brown resigns as VF Board member upon appointment. VF CEO Bracken Darrell praises Brown’s expertise and leadership in fashion and apparel industry.

Corporates

MAS Holdings And Ambercycle Partner To Advance Apparel Sustainability

June 6, 2024

MAS Holdings, a global apparel manufacturing and tech conglomerate headquartered in Sri Lanka, has joined forces with Los Angeles-based materials science company Ambercycle to scale up textile-to-textile regeneration in the apparel industry. The partnership, which centers around a three-year offtake agreement, reflects demand among large brands and manufacturers for new

Corporates

Rieter and Erbel Celebrate 50 Years of Partnership at ITM 2024

June 5, 2024

At the International Textile Machinery exhibition (ITM) 2024, a significant milestone was celebrated with the handover of a commemorative present to Haluk Erbel, Chairman of Erbel Mümessillik A.S., by Mr. Thomas Oetterli, CEO of the Rieter Group. Reflecting on this occasion, Thomas Oetterli remarked, “Trust is what ties it all together; it is at the […]

Corporates

Trützschler Group Expands Presence With New Facility In Uşak, Türkiye

June 2, 2024

Trützschler Group commemorated the inauguration of its latest establishment in Uşak, Türkiye, welcoming around 200 customers to mark the occasion. Spanning 1150 square metres, the new facility houses warehouses and offices, inclusive of a spare parts stock area, a wire winding atelier, a wire stock area and a card repair workshop, poised to cater to […]

Corporates

High Street Essentials Secures Rs 50 Crore Funding

June 2, 2024

In its recent funding round, High Street Essentials, the parent company of fashion brands Indya and FabAlley, has raised Rs 50 crore through a blend of equity and loan infusion. Spearheaded by Sangita Jindal, Chairperson of JSW Foundation, the investment round also saw contributions from SRF Group’s family offices, Cyient’s MD Krishna Bodanapu, and Pure […]