Textiles & Apparel / Garment
The spring editions of the three fairs – Intertextile Shanghai Apparel Fabrics, Intertextile Shanghai Home Textiles and Yarn Expo Spring – that were due to take place from 10 – 12 March 2021 will be postponed, with a new date to be announced shortly. Messe Frankfurt made the decision along with the co-organisers of the fairs to comply with local authority guidelines.
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With Texworld Evolution Paris - Le Showroom, Messe Frankfurt France confirms the success of its innovative formula for textile and clothing discovery. In one week, under exceptional circumstances, buyers exchanged 3,235 requests for collection projects or orders.
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Textiles & Apparel / Garment
World’s largest sports trade fair sets new benchmarks also as a virtual show
ISPO Munich Online 2021 proved to be a popular industry meeting for the international sports and outdoor sector: a total of 31.574 participants from 110 countries visited the digital platforms of the world’s leading trade fair for sports from February 1-5 with the motto “Sport is stronger.” In addition to product and company presentations by 545 exhibitors in the Expo Area, the conference line-up on the social megatrends of sustainability, health, digitalization and creativity was also extremely popular.
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Esquel’s retail brand DETERMINANT opened the very first concept store in popular commercial district Lingnan Tiandi, Foshan. The decision to launch the concept store in Foshan was grounded in Esquel’s deep roots in the Greater Bay Area as a key base for the group’s manufacturing and R&D activities, while affirming the group’s strategy to further develop its retail business in the region and beyond.
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Ascend Performance Materials’ Acteev Protect™ antimicrobial odor-resisting fabric technology has been named a winner at the 2021 Outdoor Retailer Innovation Awards. The awards recognize new and groundbreaking technologies used in winter apparel, outdoor and sports products and materials.
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adidas intends to resume dividend payments
The adidas AG Executive Board decided today to resume the company’s dividend payments. Subject to the approval by the Supervisory Board, the company will propose paying a dividend of € 3.00 per dividend-entitled share for the financial year 2020 to adidas shareholders at the Annual General Meeting (AGM) on May 12, 2021.
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VF Corporation named one of the World’s most ethical companies by ethisphere for fifth consecutive year
VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2021 World’s Most Ethical Companies.
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Textiles & Apparel / Garment
adidas starts divestiture process for Reebok
As part of the development of its new five-year strategy, adidas has concluded its assessment of strategic alternatives for Reebok. As a result of this review, the company has now decided to begin a formal process aimed at divesting Reebok. Going forward, the company intends to focus its efforts on further strengthening the leading position of the adidas brand in the global sporting goods market.
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IAF’S Priority Issues 2021
IAF has published its ‘2021 Priority Issues’. "At a time when our industry is in crisis, it sets out the organisation’s vision on achieving a better apparel industry (as measured on the scales of people, planet and profit)", a speaker said. This vision is drafted with and fully supported by the IAF’s Board of Directors, a group of 23 industry leaders, representing industry associations, companies and the wider fashion ecosystem from all continents and spanning the full apparel supply chain.
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Fairly produced, multifunctional and uncompromisingly sustainable
Sustainability is a life philosophy. A central focus of a sustainable lifestyle is fairly-produced, multifunctional textiles with eco-friendly technologies and long-lasting products with recycled, recyclable or organic-based components. Schoeller is encompassing these responsible innovations in its new biocosmo line, which represents lived-out sustainability, demonstrating immense respect for Mother Nature and future generations.
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Textiles & Apparel / Garment
H&M makes profit despite the pandemic crisis
“The H&M group stands strong after all the challenges brought by the pandemic. Thanks to much-appreciated collections, rapid and profitable online growth and strict cost control, the company succeeded in ending the year in profit and in a strong financial position,” says Helena Helmersson, CEO.
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VF reports third quarter fiscal 2021 results; raises full year fiscal 2021 outlook
VF Corporation (NYSE: VFC) today reported financial results for its third quarter ended December 26, 2020. All per share amounts are presented on a diluted basis. This release refers to “reported” and “constant dollar” amounts, terms that are described under the heading “Constant Currency - Excluding the Impact of Foreign Currency.” Unless otherwise noted, “reported” and “constant dollar” amounts are the same. This release also refers to “continuing” and “discontinued” operations amounts, which are concepts described under the heading “Discontinued Operations - Occupational Workwear Business.”
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More than 70 of the most outstanding new products in the sporting goods industry receive the seal of quality
The results of the ISPO Award 2021 are in: As of now a total of 76 sports products bear the prestigious seal of quality for innovation and functionality in the sporting goods industry. A jury of international experts selected a total of 76 “Products of the Year,” “Gold Winners” and “Winners” from 250 submissions in the four segments of Snowsports, Outdoor, Running & Fitness and Urban Life. Six products were also awarded special recognition for their particularly sustainable concepts and ideas.
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