Business

2022-06-30

An exciting Loepfe and Almer Technologies partnership comes into view

Loepfe is discovering new innovations with the Swiss start-up firm Almer Technologies. Almer is rethinking communication and introducing augmented reality remote assistance to businesses.

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Business

2022-06-21

Italian textile entrepreneur, Alberto Paccanelli, has been re-elected as President of EURATEX during its General Assembly on 17 June; he will thus extend his mandate with 2 more years, until June 2024. Paccanelli is CEO of the Martinelli Ginetto Group, active in the high-end home textiles. He is also a Board member of Sistema Moda Italia and Confindustria Bergamo.

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Business

2022-06-21

Lotustex Textile invests in KARL MAYER's first LINK-MATIC® system for automatic batch change on PRODYE®-S slasher indigo dye range

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Business

2022-06-09

Recover™, a leading materials science company and producer of sustainable, premium recycled cotton fiber and cotton fiber blends, announced today that it has closed a new $100 million minority equity capital investment led by the Sustainable Investing business within Goldman Sachs Asset Management (Goldman Sachs). Goldman Sachs is investing alongside majority shareholder STORY3 Capital Partners.

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Business

2022-06-09

Inditex Group reported first-quarter (1 February - 30 April 2022) revenue growth of 36% to €6.74 billion, underpinned by a sharp recovery in store traffic and a good reception for all seven brands’ newseason collections.

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Business

2022-06-29

H&M decides to buy back own shares for SEK 3 billion

The board of directors of H & M Hennes & Mauritz AB has decided to utilise the authorisation granted by the 2022 annual general meeting to acquire the company’s own B shares in order to transfer capital to the shareholders and adjust the company’s capital structure.

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Business

2022-06-09

EFI advances growth strategy in high-value digital imaging with Inèdit software acquisition

Electronics For Imaging, Inc. (“EFI™”), a Siris portfolio company, today announced that it has acquired Inèdit Software S.L., a developer of raster image processors (RIPs) and related software for digital industrial textile printing. The acquisition extends EFI’s strategy to accelerate digital transformation in industrial print through investments that advance the company’s presence and capabilities in Packaging & Corrugated, Display Graphics, Textile, and Building Materials/Décor applications. Inèdit will be integrated into the Reggiani textile business.

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Business

2022-05-25

VF Corporation reports broad-based growth in fourth quarter and introduces full year fiscal 2023 outlook

VF Corporation (NYSE: VFC) today announced financial results for its fourth quarter (Q4'FY22) and fiscal year ended April 2, 2022 (FY22).

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Business

2022-05-12

adidas grows double-digit in Western markets in Q1

“In the first quarter, consumer demand for our brand and products was strong in all Western markets. Our combined sales in North America, EMEA and Latin America grew at a double-digit rate. Backed by an exceptionally strong wholesale order book and relentless focus on driving growth in our own DTC channels, we expect this positive development to continue for the rest of the year,” said adidas CEO Kasper Rorsted.

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Business

2022-05-12

HUGO BOSS with record first quarter sales

In the first three months of 2022, HUGO BOSS continued its strong financial and operational performance, posting significant top- and bottom-line improvements year-on-year. Group sales increased 52% currency-adjusted to EUR 772 million (Q1 2021: EUR 497 million), marking the strongest first quarter in the history of HUGO BOSS from a top-line perspective.

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Older News

Business

2022-05-05

Start of the year burdened by cost inflation and customer inventory issues, outlook updated

Suominen Corporation has published its interim report for January 1 – March 31, 2022.

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Business

2022-05-05

Oerlikon continues strong profitable growth in the first quarter

“We achieved strong growth in both top line and profitability in the first quarter, continuing our growth trajectory and confirming our strategy to deliver sustainable profitable growth,” said Roland Fischer, CEO Oerlikon Group.

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Business

2022-05-05

Renewcell publishes report for the 1st quarter 2022

Strong customer interest – Letters of intent and customer agreements amount to 143% of the 60,000 metric tons planned to be established in Renewcell 1.

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News Archive
2022-04-28

Levi Strauss & Co. reports first-quarter 2022 financial results, exceeding expectations

2022-03-31

Ascend agrees to acquire Formulated Polymers Ltd.

2022-03-24

Annual General Meeting approves dividend of CHF 1.50 per share

2022-03-03

Kontoor Brands reports 2021 fourth quarter and full year results and provides 2022 outlook

2022-03-03

Strong full year 2021 for Covestro

2022-03-03

Lenzing successfully opens world’s largest lyocell plant in Thailand

2022-03-03

adidas completes divestiture of Reebok and launches new share buyback program

2022-03-03

2021 financial year: Autoneum grows profitability and earnings in a difficult environment

2022-03-03

Saurer sells its embroidery business to Lässer

2022-02-24

Business situation and expectation remain very favourable along the global textile value chain

2021-12-16

Hong Kong export growth set to slow to 8% in 2022 - COVID-19 volatility and spiking logistics costs impact sentiment

2021-11-11

adidas performed well in a challenging environment during Q3 2021

2021-11-04

Toray to increase prices of automotive airbag yarn and fabrics

2021-11-04

Earnings more than doubled in first nine months of 2021

2021-10-28

Ahlstrom-Munksjö Holding 3 Oy pre-announces its third quarter sales and comparable EBITDA

2021-10-28

Unifi announces strong first quarter fiscal 2022 results and increases full year fiscal 2022 outlook

2021-10-28

Autoneum adjusts outlook for the current financial year

2021-10-14

Clearlake capital-backed Unifrax completes acquisition of Lydall

2021-10-13

Messe Frankfurt restructures its Textile Business Unit with personnel changes for the Texpertise Network

2021-09-09

Rieter CAMPUS – Foundation stone laid

2021-08-26

Trützschler establishes the Trützschler Foundation

2021-08-26

AUTEFA Solutions supplies needle punching lines for Geotextile production to Confidence Infrastructure Ltd., Bangladesh

2021-08-26

KARL MAYER with new head office building

2021-08-19

adidas to sell Reebok to Authentic Brands Group (ABG)