Corporates

Borana Weaves IPO Opens Today At Rs 205–216 Price Band

Textile Insights May 20, 2025

Surat based textile manufacturer Borana Weaves is set to launch its Initial Public Offering (IPO) of 67,08,000 equity shares with a face value of Rs 10 each, through a 100% book building process. The price band for the issue has been fixed at Rs 205 to Rs 216 per share, translating to 20.50x to

Corporates

Aditya Birla Fashion Completes Demerger to Create Two Focused Listed Entities

Textile Insights May 19, 2025

Aditya Birla Fashion and Retail Limited (ABFRL) has officially demerged into two separate listed companies to enable sharper focus and drive stronger growth in their respective segments. The newly formed entity, Aditya Birla Lifestyle Brands Limited (ABLBL), has been carved out of ABFRL to cater to a different set of customers with a distinct brand […]

Corporates

HUGO BOSS Appoints Stephan Sturm As Chairman

Textile Insights May 18, 2025

At the Annual General Meeting of HUGO BOSS AG, Stephan Sturm, Andreas Kurali, and Michael Murray were elected to the Supervisory Board, succeeding Hermann Waldemer, Gaetano Marzotto, and Robin J. Stalker. Iris Epple-Righi, Luca Marzotto, and Christina Rosenberg were re-elected. In its follow-up meeting, the board named Stephan Sturm as Chairman, succeeding Hermann

Corporates

Kraig Biocraft Labs Launches Operations In Cambodia

Textile Insights May 18, 2025

Kraig Biocraft Laboratories Inc., a global leader in spider silk technology, announced it has received its business licence to begin operations in Cambodia. This marks a key milestone in the company’s 2025 expansion strategy to scale and diversify its production capabilities. Jon Rice, COO, stated, “This licence reflects the strong foundation built through our 2025 […]

Corporates

Italian Textile Machinery Orders Plunge 29% In Q1 2025

Textile Insights May 18, 2025

In the first quarter of 2025, orders for textile machinery recorded by ACIMIT (Association of Italian Textile Machinery Manufacturers) dropped sharply by 29% compared to the same period in 2024, with the index falling to 41.8 points (base year 2021=100). Both domestic and international markets witnessed steep declines—orders in Italy plummeted by 57%, while foreign […]

Corporates

Culp Sells Quebec Facility, Boosts Financial Flexibility

Textile Insights May 18, 2025

Culp, Inc., a leading provider of bedding and upholstery fabrics, announced the sale of its mattress fabric manufacturing facility in Quebec, Canada, completing its year-old restructuring plan. The facility sold for CA$8.6 million (USD$6.2 million), with CA$2.0 million received at closing and the balance to be paid with interest over six to 12 months. Culp […]

Corporates

Recover And Intradeco Launch Joint Venture For Recycled Cotton In Americas

Textile Insights May 18, 2025

Recover, a leading materials science company and global producer of sustainable, high-quality recycled cotton fibre and blends, has announced a strategic joint venture with Intradeco, a global vertical manufacturing group known for its high-quality apparel across diverse categories. The partnership aims to revolutionize textile production in the western hemisphere by

Corporates

Vipul Organics Expands Global Footprint With New US Sales Office

Textile Insights May 15, 2025

Vipul Organics Limited, a specialty chemicals leader in the pigments and dyes segment, has announced the opening of a new sales office in the United States under the name Vipul Organics USA Inc.. The office, located in the State of Delaware, has completed all required local approvals and registrations. This strategic move is set to […]

Corporates

PDS Sets Up Subsidiary In Mauritius

Textile Insights May 14, 2025

PDS Limited, announced that NexStyle Apparel Manufacturing Limited, its wholly owned Indian subsidiary, has incorporated a new entity in Mauritius under the name ‘NexStyle Apparel Manufacturing Limited’ (NexStyle Mauritius), effective May 13, 2025. The move is part of the company’s ongoing efforts to strengthen its global manufacturing footprint. NexStyle Mauritius, now a

Corporates

Swiss Textile Machinery Association Announces New Leadership

Textile Insights May 13, 2025

At its General Assembly on May 8, the Swiss Textile Machinery Association, a representative body for Switzerland’s providers of textile equipment, systems and services, elected a new president and board members to guide its strategic direction. Davide Maccabruni, CEO of Uster Technologies AG, has been appointed as the new president, succeeding Ernesto Maurer, who served