29 June 2022, Mumbai:

British Wool invests in the future of wool grading within the Scottish borders.

The new site provides a more modern and spacious working environment, with increased capacity for wool grading and storage, providing more flexibility for the business and improved service to members.

This development comes on the back of the sale of the Irvine site in 2021 and enables British Wool to optimise wool collection and processing costs in the region, ultimately helping improve wool prices for all British Wool members.

ALSO READ  British Wool 2022 shearing training courses go live

For local members delivering wool this season the arrangements will remain the same and there will continue to be no deductions for transport for wool delivered to an approved British Wool collection site.

Commenting on the development, Jim Roberston, farmer director and British Wool Chairman, said: “Since our restructure in 2021, our Galashiels depot has been handling an increased volume of wool, grading all the wool from Southern Scotland and parts of Northumberland.

The existing premises have served British Wool and our members well, but the time is right to modernise our depot operation in the area, investing in the future of wool grading in the Scottish Borders.

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02 June 2022, Mumbai:

Texworld Evolution Paris

This event brings together, twice a year in Paris, around 1500 exhibitors from the fashion industry.

RELEVANT NEWS Final Report of Texworld Evolution Paris 

It offers professional buyers from all over the world a sourcing platform with a wide variety of products ranging from basics to the most creative and qualitative.

ALSO READ  Texworld Evolution Paris: the international trade fair for the fashion industry returns

This event is composed of four trade shows :

Texworld - gathering a thousand international weavers for a wide range of textiles, trims, and accessories, including a noticeable Denim offer.

Apparel Sourcing - with its hundreds of manufacturers, it is the largest European showcase of clothing and accessories manufacturers from many new sourcing countries.

Avantex - is the international innovation trade show for an advanced and sustainable fashion.

Leatherworld - the European platform for the sourcing of leather and related materials.

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26 May 2022, Mumbai:

A cut above the rest at Texprocess 2022 ACG Nyström, a member of TMAS, the Swedish textile machinery association, will demonstrate the benefits of the automated Talon 75 multi-ply cutter at the forthcoming Texprocess exhibition in Frankfurt, Germany, from June 21-24.

ALSO READ Innovations and Highlights@Texprocess 2022

This follows a new agreement with Eastman Machine Company, of Buffalo, New York, building on a partnership dating back over a century – combined, the two companies have installed over 3,000 automated cutting systems worldwide and distributed hundreds of thousands of manual cutting machines.

As a well-established full-service supplier of textile machinery and software, ACG Nyström, part of the ACG Group, will serve as a hub for imported Eastman equipment, parts, and consumables, enabling shorter lead times and direct delivery within the European Union.

RELEVANT NEWS Texprocess: 21 to 24 June 2022

Industry 4.0 ready

Eastman’s Talon multi-ply cutting systems are Industry 4.0 ready and equipped with the latest in condition based predictive maintenance technology.

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24 June 2022, Mumbai:

C&S, the international leader in Made in Italy fashion apparel manufacturing, acquires Texo S.R.L. and strengthens the company’s position in the luxury segment.

Thanks to over 40 years of excellence in the denim/streetwear world, with this deal C&S broadens and further consolidates its presence also in the formalwear market, attesting to the approach carried out by the company for some months now.

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23 June 2022, Perugia, Italy – With what appears to be a new step ahead for the evolution of the whole fashion field, C&S, the leader in manufacturing Made in Italy fashion apparel, has acquired Texo S.R.L., a company based in Cagli (Pesaro and Urbino) which brings to the table 10 years of experience in the production of fashion apparel for Texo and for third parties.

C&S enriches the offer of its Style Services Luxe division, the ideal research, and production solution for any kind of style needs, together with Style Services Denim and along with C&S Experience projects, initiatives in direct contact with retail such as the haikure brand, and the license agreements for Europe for Jeckerson and Purple.

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31 May 2022, Mumbai:

MAS Arya Indonesia - first MAS production unit fully powered by renewable electricity.

The recent report by the Intergovernmental Panel on Climate Change (IPCC) emphasises the need to immediately and decisively address the climate crisis, which has now escalated to a ‘code red for humanity’.

RELEVANT NEWS  MAS Holdings unveils global expansion drive

This urgent call for action is particularly relevant for industries like fashion, which McKinsey & Company estimates to be responsible for around 4% of global carbon emissions – which contribute to climate change.

MAS Holdings, South Asia’s largest apparel and textile manufacturer, has signed up for the Science-Based Targets initiative (SBTi).

ALSO READ  MAS Holdings: Ocean Strainer project 

With mounting pressure, the fashion industry has taken steps to address the situation. Many leading brands, for instance, have pledged their support to the Science-Based Targets initiative (SBTi), a global collaboration to promote and adopt science-based climate targets.

“Indonesia understands the importance of public-private partnerships to accelerate our renewable energy generation,” said Eric Rossi, the Manager of PLN UP3 Semarang.

“We value MAS’ long-term commitment to purchase renewable energy certificates, which supports the commercial viability of renewable energy generation.”.

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25 May 2022, Mumbai:

MUNICH FABRIC START UNVEILS NEW PRIME MANUFACTURING SOLUTIONS AREA THE SOURCE

MUNICH FABRIC START extends its holistic portfolio with Prime Manufacturing Solutions.

ALSO READ PHYSICAL & SAFE: MUNICH FABRIC START & BLUEZONE ALMOST AT PRE-PANDEMIC LEVEL

Sustainability, transparency, digitalisation, nearshoring - the current topics of the industry need a holistic platform, a one-stop solution for fashion sourcing. MUNICH FABRIC START creates such a place for reliable and flexible sourcing solutions and a rethought value chain with THE SOURCE.

MUNICH FABRIC START once again underlines its market importance as one of the leading European meeting points for fashion designers, product managers, buyers and decision-makers: This season, besides the well-established areas Fabrics, Additionals, Design Studios, ReSource, Sustainable Innovations, Bluezone and Keyhouse, the high-quality portfolio gets a new destination for Prime Manufacturing Solutions.

RELEVANT NEWS PERFORMANCE DAYS MUNICH SCHEDULED TO TAKE PLACE ON December 1-2, 2021 IS CANCELLED!

The holistic ecosystem of MUNICH FABRIC START and BLUEZONE offers a platform for developments from DOB and HAKA to sportswear, from affordable luxury through contemporary to off-price as well as for targeted trend inspiration. The fully booked International Fabric Trade Show will welcome up to 20,000 fashion professionals from 30/08 - 01/09/2022 in Munich. Unveiling THE SOURCE, the one-stop solution for holistic fashion sourcing.

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17 June 2022, Mumbai:

Today Copenhagen Fashion Week unveils the SS23 Show Schedule that will take place in Copenhagen from 9 - 12 August.

The schedule presents 35 shows alongside a curated list of events, presentations, talks, and activations that will soon be released.

The full series will be available to watch live on the CPHFW YouTube channel - streamed directly on the copenhagenfashionweek.com home page for our global community.

"The release of a schedule so compounded with such incredible brands only goes to highlight a return to new expressions, innovations, and experimentations in the role our designers and their wider creative network play on a global stage here at Copenhagen Fashion Week.

It is also looking forward to welcoming our guests - both international and local - back to our city that will come alive with a range of inspiring new visions." - Cecilie Thorsmark, CEO Copenhagen Fashion Week.

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28 May 2022, Mumbai:

C.L.A.S.S. & A New Point of Materials by Lineapelle: making responsible innovation travel around the globe.

C.L.A.S.S. is going above and beyond in the discovery and promotion of sustainable and innovative materials.

ALSO READ C.L.A.S.S. X FASHION REVOLUTION WEEK 2022

The international eco hub is making responsible innovation travel internationally through A NEW POINT OF MATERIALS by Lineapelle, the itinerary space imagined and constructed by LINEAPELLE in collaboration with C.L.A.S.S. Ecohub and Orietta Pelizzari, Global Fashion Advisor.

A NEW POINT OF MATERIALS by LINEAPELLE is a new-generation, engaging, and immediately accessible exhibition tool that, thanks to the work of a team of experts, allows all stakeholders in the fashion and luxury industry to discover and learn about the genuinely green journey of leather, textile materials and technologies.

RELEVANT NEWS C.L.A.S.S. ICON 2022: open applications for 3rd edition

Among them we can find BEYONDPLASTICS by ACBC, EDMOS by Gled, MARM\MORE® by Fili Pari, Bio-Veg by Coronet, EVRNU by Nucycl, waste-to-wear technologies by Circular Systems, Nyguard, Viridis by Panama Trimmings, X22 by X-Plating, Pett Felt & Rewooly Felt by Lanificio Bigagli and many more.

An open-source and uniquely formative experience, ANPOM is gaining success thanks to its ability to respond to the needs of the market in terms of “understanding“ the concrete meaning of “responsible innovation of a material“, where transparency and traceability are key.

A perfect fit for the cities of Milan, Los Angeles and Stockholm, always looking ahead while keeping style in mind.

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24 May 2022, Mumbai:

Acquire competencies and expand offerings.

KM.ON acquires cloud technology from the company Digitale Strickmanufaktur as part of an asset deal KM.ON innovates and digitalizes the textile value chain with its offerings.

ALSO READ Amazon focuses on digitizing MSMEs in India

The software company of the KARL MAYER Group is continuously developing new digital solutions to improve the customer experience, reduce complexity in our customers' day-to-day business, and ultimately make their business more profitable. Recently, the potential and capacities for this were significantly expanded.

On April 28, 2022, KM.ON acquired the cloud technology developed by Digitale Strickmanufaktur (Digital Knitting Factory), thus, expanding its portfolio of cloud solutions for textiles.

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In addition, the team of the Krefeld-based start-up was integrated into the KM.ON team. Together, they will continue to launch innovative textile solutions. " We are very pleased that our technology has been taken over by the KARL MAYER Group and can thus be made available to a very large customer base even faster in the future.

Our solution fits in very well with KM.ON's approach of offering new solutions on the market via the cloud," says Christian Zarbl from Digitale Strickmanufaktur.

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27 May 2022, Mumbai:

Gap Inc. Reports First Quarter Fiscal 2022 Results and Provides Updated Fiscal 2022 Outlook.

Gap Inc. (NYSE: GPS), a portfolio of purpose-led, billion-dollar lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., today reported fiscal 2022 financial results for its first quarter ended April 30, 2022.

ALSO READ Gap Inc. Reports Q4 FY21 Results

“Our Q1 results and updated fiscal 2022 outlook primarily reflect industry-wide headwinds as well as challenges at Old Navy that are impacting our near-term performance. While we are disappointed to deliver results below expectations, we are con dent in our ability to navigate the headwinds and re-stabilize the Old Navy business in order to deliver continued progress on our long-term strategy,” said Sonia Syngal, CEO, Gap Inc. “We believe that we can navigate this period of acute disruption and build an even more resilient and agile company.

We remain anchored by our belief in our iconic purpose-led brands – Old Navy, Gap, Banana Republic, and Athleta – and are focused on making continued progress against our Power Plan strategy and getting back on track toward delivering growth, margin expansion, and value for our shareholders over the long term.”

RELEVANT NEWS Gap signs up Reliance Retail as new 'India franchise'

First Quarter Fiscal 2022 - Financial Results

Net sales of $3.5 billion, down 13% compared to last year.

First Quarter Fiscal 2022 – Balance Sheet and Cash Flow Highlights

Ended the quarter with cash and cash equivalents of $845 million. Net cash from operating activities was negative $362 million. Free cash flow,1 defined as net cash from operating activities less purchases of property and equipment, was negative $590 million.

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CREDITS: GAP Inc. (The news article has not been edited by DFU Publications staff)

21 May 2022, Mumbai:

Bangladesh focuses on building capacities to cater to buyers' demand for diversified products.

BGMEA President Faruque Hassan said Bangladesh would continue its efforts to remain to be a preferred choice of global apparel brands as a safe, ethical and sustainable sourcing destination.

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He made the remark during a meeting with Halide Alagöz, Executive Vice President, Chief Supply Chain and Sustainability Officer at Ralph Lauren Corp. in New York on September 29.

Alongside the strides in safety and sustainability, the industry is also increasingly focusing on diversifying its products and building capacities to cater to the demands of global brands and buyers, Faruque Hassan said.

Importance is being given to up-grading, particularly in the areas of skills and efficiency enhancement, technological upgrading, and diversification of products, especially non-cotton.

RELEVANT NEWS Indian Garment Import From Bangladesh: An Overview

The BGMEA President requested Ralph Lauren to support and collaborate with their suppliers in Bangladesh to build their capacities in manufacturing apparel products having higher market demand. Ralph Lauren is one of the world's largest fashion brands.

Brand BGMEA Acting President #Sayed #Nazrul Islam and Vice President Miran Ali hosted a dinner for Marielle Boström, Head of Regional Sourcing, South Asia, Aditi Bharadwaj, Regional Sourcing Lead, South Asia, Ralph Lauren, and #Bashir Un Nabi of Ralph Lauren Dhaka office.

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CREDITS: BGMEA Linkedin (The news article has not been edited by DFU Publications staff).