Apparel, Fashion, Retail

88% Of Apparel Brands & Retailers Want To Eliminate Plastic

Textile Insights February 5, 2024

A recent survey of fashion brands and retail executives informs that a mind boggling 88 percent of those surveyed said their companies want to eliminate all plastics in packaging. The study, released by Aquapak Polymers Ltd. and conducted by PureProfile, was based on surveys done with 100

Corporates

Giltex Joins ITMF To Lead Textile Integration In South Caucasus

Textile Insights January 28, 2024

Giltex LLC, the sole vertically integrated company in Azerbaijan and the entire South Caucasus region, has joined International Textile Manufacturers Federation (ITMF). Christian Schindler, Director General of ITMF, expressed enthusiasm about Giltex joining ITMF, highlighting the global nature of the textile industry. He emphasized the significance of international

Corporates

Kitex Setting Up World’s Longest Integrated Textile Project

Textile Insights September 30, 2023

Kitex Group, the second largest global producer of babywear laid the foundation stone of its second fully integrated fibre-to-apparel production hub in Telangana, which will be the world’s longest integrated factory. The foundation stone for the second cluster is located in Seetharampur, Rangareddy and upon completion; it will stretch across 1.2 kilometers, set to

Corporates

KKR Picks Additional Rs 2069 Crore Stake In Reliance Retail

Textile Insights September 12, 2023

Mukesh Ambani led Reliance Retail Ventures has received an investment of Rs 2,069.50 crore through an affiliate of global investment firm KKR. This investment values Reliance Retail a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country. “KKR’s follow-on investment will translate […]

Apparel, Fashion, Retail

Reliance Retail Almost Doubles Valuation In Three Years

Textile Insights August 29, 2023

Mukesh Ambani led Reliance Retail’s valuation has almost doubled, notwithstanding the intervening Covid-19 pandemic. Qatar Investment Authority recently became an investor in Reliance Retail, with an investment of US $1 billion for a 1 percent equity stake. This investment values Reliance Retail at a pre-money equity value of Rs 828,000 crore as against it’s fund-raise

Apparel, Fashion, Retail

D’Cot Unveils Exclusive Store in Rewa, M.P.

Textile Insights August 20, 2023

D’Cot, an esteemed clothing brand under the prestigious Donear Group, has announced the opening of its exclusive store in Rewa, Madhya Pradesh. The inauguration of the D’Cot store marks a significant stride in offering quality wear to the discerning shoppers of Rewa. With its hallmark of excellence and style, D’Cot brings a curated range of […]

Apparel, Fashion, Retail

True Fit Partners Shopify For Fashion Genome

Textile Insights August 17, 2023

True Fit, an AI platform that decodes apparel size and fit for consumers has partnered with Shopify Inc., a commerce platform that enables merchants to start, grow and manage a business. “The strategic partnership will bring the quality, reliability, and economic benefits for which True Fit is known with its enterprise customers to merchants of […]

Apparel, Fashion, Retail

80% Of US Garment Brands Will Reduce Sourcing From China

Textile Insights August 5, 2023

Nearly 80 percent of US garment and fashion brands plan to reduce their China sourcing over the next two years. This was revealed in a survey done by the United States Fashion Industry Association (USFIA) of 30 fashion companies between April and June 2023, a majority of them having more than 1,000 employees. US fashion […]

Apparel, Fashion, Retail

FTA With EU To Boost Export Of Filipino Wearables

Textile Insights August 3, 2023

The Confederation of Wearables Exporters of the Philippines (Conwep) expects exports of garments, textile, footwear and bags to Europe to surge once a free trade agreement (FTA) with the European Union (EU) is signed. Conwep Executive Director Maritess Jocson-Agoncillo said the sector can reach exports of US $900 to $1000 million in three to four […]

Product Launch & Innovation

Researchers Develop Smart Thermal Management Fabrics

Textile Insights July 29, 2023

A new thermoregulating textile keeps its wearers comfortable with a minimal amount of energy input, thanks to a conductive polymer that can be modified to adjust how much infrared radiation it sheds. According to the textile’s developers, the new wearable variable-emittance device, or WeaVE, could be used to make next-generation smart thermal management fabrics. The […]