Corporates

EURATEX Elects Mario Machado As President; Alberto Paccanelli As Hon. President

June 16, 2024

During its General Assembly on June 14, Mario Jorge Machado was elected President of EURATEX, showcasing his extensive career in the textile sector. Machado, currently a shareholder and director at Adalberto Textile Solutions, S.A., brings a wealth of experience in boosting competitiveness and

Corporates

Mango Appoints Nuria Font As Director Of Mango Home

June 16, 2024

Mango, one of Europe’s leading fashion groups, is enhancing its homeware line with the appointment of Nuria Font as the new Director of Mango Home. This strategic move aims to bolster Mango’s position in the European market and beyond. Nuria Font, previously Director of Mango’s Wholesale Department, brings a wealth of experience to her new […]

Corporates

Bluesign Achieves Milestone With 25,000 Chemical Products In Finder

June 16, 2024

Bluesign Technologies has achieved a significant milestone by listing 25,000 chemical products in its esteemed bluesign® FINDER. Each product listed in the bluesign® FINDER is bluesign® APPROVED, signifying adherence to rigorous standards of sustainable chemistry and compliance with Restricted Substances List (RSL) requirements. This commitment ensures cleaner production

Corporates

Ganesha Ecosphere Invests In RACE Eco Chain To Transform Waste Management

June 16, 2024

Ganesha Ecosphere Ltd, India’s largest PET waste recycler, has announced a pivotal move by entering into a strategic equity investment with RACE Eco Chain Ltd. This partnership aims to reshape India’s waste management supply chain landscape significantly. The collaboration between Ganesha Ecosphere and RACE Eco Chain holds substantial promise to organize and

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 from B&C Group. Suzano, headquartered in Sao Paulo and recognized as the

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.