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
On the first day of the International Textile Machinery exhibition (ITM) 2024, Stäubli, a renowned leader in the weaving sector, proudly launched their latest innovation: the SAFIR PRO S67 drawing-in machine. This significant unveiling took place in collaboration with the machine’s first purchaser, Lutuf Mensucat Inc. The SAFIR PRO S67 is a high-speed automatic
Lululemon, the Canadian athletic apparel brand, has announced plans to shut down its distribution centre in Sumner, Washington, resulting in the termination of more than 100 employees. The closure, confirmed on Monday, comes as part of the company’s strategic review of its distribution network to support future growth. The 150,000-square-foot Sumner facility will
Snitch, India’s premier D2C fast fashion men’s lifestyle brand, has announced the opening of its largest store to date, strategically situated in HSR Layout, Bangalore. This expansive 10,000 sq. ft. store, located next to the Max store, is set to captivate fashion enthusiasts and style-conscious individuals. HSR Layout, known for its diverse and cosmopolitan population,
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 […]
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 […]
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
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 […]
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 […]
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. […]






















