News - Textile Insights - Page 536

Corporates

Anupam Rasayan India Appoints Gopal Agrawal As New CEO

September 7, 2023

In a significant development, Anupam Rasayan India Ltd, a prominent player in the chemical industry, has announced the appointment of Gopal Agrawal as their newly appointed CEO. This strategic move underscores the company’s commitment to fostering growth and expanding its global

Apparel, Fashion, Retail

WHP Global To Acquires Majority Stake in G-Star RAW

September 7, 2023

G-Star RAW and WHP Global, one of the fastest-growing global brand management firms in the world, announced an agreement where WHP Global will acquire a majority interest in the G-Star RAW® brand, setting the stage for further global growth and expansion. Under the terms of the agreement, the existing G-Star shareholders, including founder Jos van […]

Corporates

Nexgen Packaging Welcomes Kevin DeSpain As Senior VP Of Sales

September 7, 2023

Nexgen Packaging, a global leader in retail, apparel, and footwear packaging, is excited to announce the appointment of Kevin DeSpain as Senior Vice President of Sales for the Americas. In this new role, DeSpain will oversee sales and data integration teams in the Americas and lead sales and customer service teams in Asia. He joins […]

Corporates

Andrea Limbardi Joins Reitmans Ltd Board As President And CEO

September 7, 2023

Reitmans (Canada) Limited announced the appointment of Andrea Limbardi to the Company’s Board of Directors. Limbardi’s appointment to the Board follows her concurrent appointment as the Company’s President and Chief Executive Officer. Limbardi was previously President at Indigo, Canada’s leading book and lifestyle retailer where she was responsible

Apparel, Fashion, Retail

Apparel Textile Sourcing Canada Wraps Up With 2,000 Buyers

Textile Insights September 6, 2023

The 8th Edition of Apparel Textile Sourcing Canada (ATSC) wrapped up on August 23 in Toronto, with presence over 200 exhibitors from 12 countries and regions. “Over 2,000 visitors too turned up, made up of sourcing professionals, garment brands and retailers, business owners, CEO’s, designers and others,” a ATSC press release said. The Canadian Apparel […]

Home Textiles

Welpsun India Aims To Be Debt-Free In Fiscal 2025-26

Textile Insights September 6, 2023

Welspun India, a major manufacturer and which exports 90 percent of home textiles production, plans to be debt-free by 2025-end and 2026-beginning. This was informed by Dipali Goenka, the Joint Managing Director and CEO of Welspun India, who also informed about the company’s plan to invest Rs 300 crore in various initiatives. “Welspun India is […]

Corporates

Setex Schermuly Sells Majority Stake To Elvaston Capital

Textile Insights September 6, 2023

Setex Schermuly, a supplier of automation and software solutions for the textile finishing industry has sold a majority stake in the company to Elvaston Capital Management GmbH. Private equity partner Elvaston has set up Textile Solutions Holding GmbH, a company which will manage a portfolio of technology companies that ensure seamless integration along the textile […]

Export

Bangladesh Garment Exports Inch Up 4.92% In August

Textile Insights September 6, 2023

Bangladesh garment exports inched up 4.92 percent in August to US $3.93 billion, up from $3.74 billion in the same month of earlier fiscal. In the first two months of the current fiscal ending June 30, 2024, apparel shipments reached $7.88 billion, a growth of 12.46 percent over comparable months of the previous fiscal “In […]

Cotton

Cotton Outlook Projects Reduced Global Output For 2023-24

Textile Insights September 6, 2023

Cotton Outlook’s forecast of global raw cotton production in 2023-24 has this month been reduced by 529,000 tons. The decline is attributed principally to weather-related losses in the United States, plus a smaller adjustment for the African Franc Zone, based on the latest planting data. Output in 2022-23, however, has been raised by 176,000 tons, […]

Event

ITMA ASIA + CITME 2024: Space Applications Open!

September 6, 2023

ITMA ASIA + CITME 2024 space application is now open. Asia’s leading business platform for textile machinery, the ninth combined show will be held from October 14 to 18, 2024, at the National Exhibition and Convention Centre, Shanghai, China. According to the show owners, CEMATEX (European Committee of Textile Machinery Manufacturers), the Sub-Council of Textile […]

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