Le Showroom Texworld triples sourcing offer
The second edition of Messe Frankfurt France's Texworld Evolution Paris – Le Showroom will host "live" collections from 150 international companies, representing nearly 7,500 products and samples.
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Is the apparel sector seeing an AI investment boom?
AI deals, jobs and patents have been booming in the last few years – but...
Ted Baker FY losses widen as Covid bites
Ted Baker saw its full-year loss widen on last year and said the first quarter...
US trade deficit in goods tumbles 8.2% in April
The fall reflects declines in both the goods deficit and the services surplus of US$6.2bn and...
Investors urge supply chain due diligence in Myanmar
A group of 77 asset managers are urging companies with business links to Myanmar to...
Iconix to be taken private in US$585m deal
The all-cash transaction values Iconix Brand Group at about US$585m, including net-debt. Under the terms of the deal, Lancer will commence a tender offer to acquire all of the outstanding…
Israel introduces “historic” ban on fur sales
The ban will become effective in 6 months' time after Israel's Minister of Environmental Protection, Gila Gamliel, last week signed the bill into law. It does, however, allow exemptions for…
Hirdaramani continues to make sustainability strides
Mihila commenced operations in 2008 and is said to be the world’s first custom-built eco-friendly apparel factory. In 2018 its on-site renewable energy generation was vastly expanded, from the original…
Adidas to invest EUR3m in Spinnova IPO
Adidas has committed EUR3m (US$3.6m) in the contemplated offering and intends to secure access to significant volumes of Spinnova materials in the future. The two companies already have an ongoing…
US back-to-school apparel sales seen surging 78%
Overall back-to-school US retail sales are expected to rise 5.5% compared to last year – with apparel by far the fastest growing segment. The forecast from Mastercard SpendingPulse, which measures…
Kingpins24 gears up for spotlight on Australia
The 'flash' Kingpins24 event will run on 23-24 June, and will feature segments from farming to retail. Speakers include Outland Denim founder James Bartle and David Tring, vice president of…
