The Lycra Company announces new equity ownership
Performance fibre specialist The Lycra Company has announced a group of financial institutions have gained full equity control of the…
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UK in GBP66m deal for Jordan garment factories construction
UK Export Finance has signed a GBP66m (US$80m) deal to support the construction of four new garment factories in Aqaba,…
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H&M Group joins funding for seaweed yarn maker Algiknit
Algiknit, which makes yarn from kelp seaweed, closes its US$13m Series A funding with help from H&M CO:Lab, the investment…
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UK apparel supplier secures funding to fuel international growth
UK-based clothing wholesaler and retailer, Baird Group, which is a supplier for leading apparel brands such as John Lewis, House…
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ZQRX, Land to Market team on regeneratively grown materials for fashion
The New Zealand Merino Company’s regenerative wool platform ZQRX has partnered with Savory Institute’s Land to Market Program in a…
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H&M Group must boost fashion credentials to offset Covid impact
H&M Group saw sales and earnings rise in the first half but one analyst says the Swedish fashion retailer must…
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ILO, apparel brands unveil injury insurance pilot for Bangladesh garment workers
The International Labour Organization (ILO) and a number of apparel brands, including H&M Group, Fast Retailing and Bestseller have partnered…
By H&M Group quiet on Shanghai flagship closure following China consumer snub
Western brands continue to feel the chill from Chinese consumers following their position statements on Xinjiang, an analyst has told…
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