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

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 […]

Corporates

Techno Sportswear Raises $25 Million From A91 Partners

June 2, 2024

Bengaluru-based Techno Sportswear has secured $25 million (approximately Rs 208 crore) in funding from investment fund A91 Partners. The company specializes in manufacturing performance wear aimed at the mass market, selling its sportswear apparel under the brand name Technosport. This marks the company’s inaugural fundraising effort. Founded in 2007 with just five

Corporates

KKCL Acquires 50% Stake In Kraus Casuals For Rs 166.51 Crore

June 2, 2024

Kewal Kiran Clothing Ltd (KCCL) announced a strategic move with the acquisition of a 50% stake in Kraus Casuals Pvt. Ltd. (KCPL) for a total consideration of Rs 166.51 crore. This equity stake will be acquired through a combination of primary infusion and secondary purchase. By entering into the women’s denim and casual wear category […]

Corporates

Coats Group plc Announces Succession Plan For Group Chief Executive

June 2, 2024

Coats Group plc, a global leader in thread and structural components for apparel and footwear, alongside pioneering innovations in performance materials, has revealed a strategic succession plan for Rajiv Sharma, who will be stepping down from his role after an illustrious 14-year tenure with the company, serving as Group Chief Executive for the past eight […]

Corporates

Hyosung TNC Appoints Andreas Puchert As European Marketing Manager

June 2, 2024

Hyosung TNC has strategically appointed Andreas Puchert, a seasoned industry expert, as its new European Marketing Manager. Puchert brings over three decades of extensive experience in the textile, sports, fashion and retail sectors to his new role, which will be based in Düsseldorf, Germany. Prior to joining Hyosung, Puchert served as the Director of Retailpraxis. […]

Corporates

Italian Textile Machinery Manufacturers Head To Turkmenistan For Strategic Mission

June 1, 2024

From June 24 to 28, a delegation of Italian textile machinery manufacturers will be in Turkmenistan for an institutional mission organized by ACIMIT (the Association of Italian Textile Machinery Manufacturers) and the Italian Trade Agency. The delegation has scheduled institutional and commercial meetings in Ashgabat. For the Italian textile machinery industry, the Turkmen

Corporates

Garment Brand Libas Bags Rs 150cr Funding From ICICI Venture

Textile Insights May 31, 2024

Omni-channel retailer and ethnic wear brand Libas has successfully closed its first external funding round and bagged an investment of Rs 150 crore by IAF Series 5, a fund managed by ICICI Venture. Libas has fast-tracked its growth to become a leading force in the online fashion segment, captivating customers with its dynamic product range […]