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Nike has said it expects revenues to decline high single digits in fiscal 2027.
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Madagascar is trying to move its textile industry up the value chain without giving up the low-cost advantage that has made it one of sub-Saharan Africa’s leading apparel exporters.
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Global textile fibre production reached a record 139 million tonnes in 2025, driven primarily by growth in virgin fossil-based fibres, according to Textile Exchange’s Materials Market report.
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The Asian Development Bank (ADB) and Modern Syntex Limited (MSL) have signed a $50m loan to scale production of high value polyester chips used in higher-value textile and apparel products.
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