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Europe must reach a textile-to-textile (T2T) recycling tipping point of 2.7 million tonnes annually by 2035 and invest up to €11bn (£9.5bn) to build a viable circular textile economy, according to a report from ReHubs and Boston Consulting Group (BCG).
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Supply chain industry leaders say shocks are no longer exceptional events but daily realities, forcing brands, manufacturers and governments to rethink sourcing resilience, due diligence and collaboration.
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Frasers Group has increased its exposure at online retailer Asos through additional potential voting rights linked to derivatives.
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Trashie has acquired Savvy Search AI (Savvy), a company focused on AI-based discovery and recommendation technology for an undisclosed amount.
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Non-profit H&M Foundation has released a new “practical” open-source workshop toolkit to guide the textile industry’s response to climate change by using its System Map framework to identify and act on emission reduction opportunities.
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