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  • According to a ResearchAndMarkets.com study, the global market for spinning machines is expected to grow at a CAGR of 5.5% to $7.3 billion by 2027. Ring Spinning, one of its segments, is expected to grow at a 5.6 percent CAGR and reach $3.1 billion by the end of the analysis period, while Rotor Spinning is expected to grow at a 5.8 percent CAGR over the next seven years. China, the second largest world economy, is predicted to expand to $1.5 billion at CAGR by 8.4 per cent by 2027. Other remarka
  • International Trade Centre, UN and WTO's joint agency, in partnership with India International Textile Machinery Exhibitions (ITME) Society, hosted TextilesExchange 2021 on April 23-24. TextilesExchange 2021 was held under framework of Supporting Indian Trade and Investment for Africa (SITA), a project funded by Foreign, Commonwealth and Development Office.Pic: ShutterstockIn this virtual trade fair, Indian and East African textile businesses met potential trading partners and capitalised on
  • PARIS – French fashion giant LVMH, which owns the likes of Stella McCartney, Givenchy and Christian Dior, has launched Nona Source, a new platform enabling companies and designers to purchase deadstock fabrics.The website, which will one day reportedly sell enough fabric to manufacture more than 75,000 garments, will provide visuals of its offerings as well as a “sensory experience” to help customers identify with fabrics.It aligns with LVMH’s ambitions of supporting the circular economy, as it
  • PHILADELPHIA – Fashion brand Urban Outfitters has partnered with circular non-profit FabScrap to help scale the organisation and in turn reduce the volume of waste within its supply chain.The companies have worked together since 2019, first focusing on how to remove waste from the brand’s knitting, sample and pattern-making rooms.Urban Outfitters is now committed to supporting its partner’s growth, and is offering a working capital grant as well as a new facility in Philadelphia from which it wi
  • DALLAS – US department store chain Neiman Marcus has established an Environment Social Governance (ESG) team in a bid to support its sustainability ambitions.This collective will be tasked with accelerating the group’s work if it’s to meet its outstanding environmental targets.Chief executive officer Geoffroy van Raemdonck said: “As the preeminent luxury customer platform, it’s our responsibility to take action and address sustainability issues for our associates, customers, investors, and the f
  • After years of making moves to become more sustainable, US fashion brand Frame denim launched a circular denim capsule collection, intended as part of the Ellen MacArthur Foundation’sJeans Redesignproject.This initiative is Frame denim’s latest step in the last 2 years placed on integrating more sustainability into its products and operations. Frame denim is ready to map out official goals and be more vocal about its prioritization of conscious processes in terms of sustainability.Figure: US fas
  • LONDON – UK waste recycling charity WRAP has launched the Textiles 2030 project which it describes as the world's most ambitious ten-year environmental programme for clothing and textiles.Major high street names including Boohoo, Asos, M&S, Next, Primark, John Lewis, Sainsbury’s, Ted Baker, Tesco, ASDA and Dunelm have signed up to the voluntary initiative.Over the next decade, the agreement aims to slash the environmental impact of UK clothing and home fabrics through practical intervent
  • FC Index of Keqiao’s textile on April 26th was 107.87, up 0.06% from the prior week, up 3.27% compared with the beginning of 2021, and up 3.57% compared with the same period last year.Marketing of spring market of China Textile City rises slightly this week. Amount price of raw material market drops slightly compared with last week, amount price of grey cloth market rises slightly, amount price of garment fabric market’s cloth rises slightly, transaction amount price of home textile products ris
  • Standard Textile has announced that it has been selected as a 2021 US Best Managed company. Sponsored by Deloitte Private and The Wall Street Journal, the programme recognises outstanding US private companies and the achievements of their management teams. The company is a provider of total solutions in the institutional textiles and apparel markets.Pic: Standard TextileThe 2021 designees are US private companies that have demonstrated excellence in strategic planning and execution, a commitment
  • Consumer behaviour has changed significantly in 2020 and consumers are now choosing to shop more consciously.Image Courtesy: arabnews.comThis was distinctly revealed in Farfetch’s maiden annualConscious Luxury Trends Report.The British clothing e-tailer, in its report, said that the sale of conscious products has risen 3.4 times faster than the marketplace average over 2020.Another notable aspect has been that traffic to conscious pages on Farfetch.com too jumped by 4 times year-over year (Y-o-Y
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