Corporates

M&S And HSBC UK Sign Agreement To Enhance M&S Customer Experience

April 14, 2024

Marks and Spencer (M&S) and HSBC UK have signed a new agreement to improve M&S’ credit offering, payment solutions, and digital integration for M&S customers. M&S’s two million credit card users, representing about 16% of its turnover, are among its most loyal customers. The

Corporates

Lenzing AG Appoints Dr Walter Bickel As Chief Transformation Officer

April 14, 2024

Lenzing AG has appointed Dr. Walter Bickel as a member of the Managing Board and Chief Transformation Officer, effective from April 15, 2024, until December 31, 2025. Dr Bickel, an experienced manager renowned for his expertise in implementing yield increase programmes, will play a pivotal role in advancing Lenzing’s performance programme. The performance programme,

Corporates

CanvaLoop Clinches Rs 2 Crore Deal For 4% Equity At Shark Tank India 3

April 7, 2024

An All Shark Deal For Sustainable Textile Innovation Shark Tank India 3 recently showcased an Ecopreneur Special episode, spotlighting sustainable and eco-friendly businesses. CanvaLoop, a bio-materials company founded by Shreyans Kokra and Nandini Sarraf Kokra, stood out among them. CanvaLoop’s innovative closed-loop technology converts agricultural waste such as

Corporates

Panda Biotech Launches Largest Hemp Processing Facility In Texas

April 7, 2024

Panda Biotech has launched commercial operations at the Panda Hemp Gin in Wichita Falls, Texas, marking a milestone in industrial hemp processing. The facility, spanning 500,000 square feet, is the largest in the western hemisphere and processes 10 metric tonnes of hemp per hour into textile-grade fibrer, hurd, short-fibre/hurd mix and nutrient-rich micronized hurd.

Corporates

Arvind Ltd Announces Dr. Lakshyaraj Singh Mewar As Brand Ambassador For Primante Luxury Fabrics

April 7, 2024

Arvind Ltd has appointed Dr. Lakshyaraj Singh Mewar of Udaipur as the brand ambassador for Primanté, its premium suiting and shirting brand. Kulin Lalbhai, Executive Director of Arvind Ltd, expressed delight at welcoming Dr. Lakshyaraj Singh Mewar to the Primanté family, emphasizing the brand’s dedication to excellence and anticipation of exciting collaborations in

Corporates

Mayer & Cie.’s New Chinese Subsidiary Starts Operations From April 1

April 7, 2024

Mayer & Cie. CN Changzhou LLC, the Chinese subsidiary of the German circular knitting and braiding machine manufacturer, has relocated its headquarters from Shanghai to Jintan in Jiangsu Province. The construction work commenced in June 2023 and was successfully completed in the first quarter of 2024. Situated within a Sino-German Innovation Park, the new location […]

Corporates

ABFRL Demerging Madura Fashion Into Separately Listed Entity

Textile Insights April 3, 2024

Aditya Birla Fashion and Retail Ltd. (ABFRL) has planned to demerge its Madura Fashion & Lifestyle (MFL) division into a separate listed entity. The Aditya Birla Group company aims to create two growth engines with distinct value creation trajectories and a well articulated capital allocation strategy and parallel value creation opportunities. The MFL portfolio has

Corporates

YKK Japan Shifts Global Operations Headquarter To Vietnam

Textile Insights April 1, 2024

The world’s biggest apparel and luggage zipper manufacturer YKK has shifted its global operations headquarters from Japan to Vietnam. YKK has been operating in Vietnam since 1998 through its subsidiary named YKK Vietnam, with its first factory located in Dong Nai and set up its second plant in 2018. “In the past 26 years, YKK’s […]

Corporates

Reliance’s Ajay Sardana Leads ICC Petrochemical Committee

March 24, 2024

The Indian Chamber of Commerce (ICC) has announced Ajay Sardana as the Chairman of the ICC National Expert Committee on Petrochemical Initiatives. With an extensive career spanning over three decades in the industry, Sardana brings a wealth of experience and expertise to this pivotal role. He is currently serving as the President & Head of […]

Corporates

Harshavardhan Chauhaan Joins Trident Group As CMO

March 24, 2024

Harshavardhan Chauhaan has stepped into the role of Chief Marketing Officer at Trident Group. Taking to LinkedIn, Chauhaan expressed his enthusiasm, stating, “Thrilled to announce my journey as Chief Marketing Officer at Trident Group India. Excited to collaborate and build partnerships with exceptional talent and innovative agencies, as we strive to elevate Trident