April 2023

Philippines-Australia textile trade expands, with increased garment exports

Philippines-Australia textile trade expands, with increased garment exports

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Since the Philippines’ garment exports have been steadily increasing in previous years, there has been an increase in textile commerce between Australia and the Philippines in recent years. According to the most recent data, Australia’s cotton imports will increase significantly in 2022. The Philippines is a significant clothing exporter, while Australia is a notable producer …

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Revenue for French luxury company Kering increased to €5,077 million in the first quarter of FY23

Revenue for French luxury company Kering increased to €5,077 million in the first quarter of FY23

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The parent company of upscale labels like Gucci, Yves Saint Laurent, and Bottega Veneta, French corporation Kering Group, announced a 2% year-over-year (YoY) increase in revenue to €5,077 million in the first quarter (Q1) of fiscal 2023 (FY23). Similarly, this growth is up 1% YoY, with trends improving over time. Comparatively, the directly run retail …

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Nike and Cognizant in the US have announced a new 5-year tech operations partnership

Nike and Cognizant in the US have announced a new 5-year tech operations partnership

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Nike, a well-known creator, marketer, and supplier of athletic footwear and gear, and Cognizant, a US-based global professional services firm, have announced a new partnership to modernize and support Nike’s technological operations. By the new five-year contract, Cognizant will combine several of Nike’s IT support operations and provide services to Nike in more than 230 …

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Australian cotton harvesting is in progress, showing promise

Australian cotton harvesting is in progress, showing promise

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With the help of dryer and warmer temperatures since Christmas, picking has started in much of Australia’s cotton-growing area, suggesting that the flooding and farm damage late last year may not have been as disastrous as initially thought. Even though the effects varied from state to state and region to region, some farmers were forced …

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Texpertise's worldwide SDG initiatives reach 21K exhibitors and 508K visitors

Texpertise’s worldwide SDG initiatives reach 21K exhibitors and 508K visitors

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The Messe Frankfurt Texpertise Network has already reached more than 21,000 exhibitors, roughly 508,000 trade visitors, 6,250 accredited media representatives, and more than 945,000 followers on social media worldwide by 2023 with its global sustainable development goals (SDG) actions in eight countries. The SDG initiatives included podcasts, SDG information booths and picture walls, social media …

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Hastens and MadaLuxe Group collaborate to launch 20 new outlets in the US

Hastens and MadaLuxe Group collaborate to launch 20 new outlets in the US

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Hastens, a Swedish manufacturer of high-end beds, and MadaLuxe Group, the top luxury distributor in North America, have teamed up to establish 20 Hastens stores across the US over the following five to seven years. The residential branch of the MadaLuxe Group has already obtained leases for two stores in Texas; the first will formally …

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Archroma, a Swiss chemical company, announces a CEO change

Archroma, a Swiss chemical company, announces a CEO change

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The chief executive officer (CEO) transition plan for Archroma, a global leader in sustainable speciality chemicals and solutions for the textile, packaging and paper, paints and coatings sectors, was unveiled. Since April 30, 2023, Heike van de Kerkhof, CEO of Archroma since January 2020, will retire to pursue other professional options. A seasoned business expert, …

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April saw the lowest cotton prices in Brazil since January 2021

April saw the lowest cotton prices in Brazil since January 2021

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In the first two weeks of April, cotton prices in Brazil continued to decline and nominally fell to levels last seen in January 2021. The lower export parity value brought on the pressure, the significant seasonally high surplus, and projections for even greater output this year. Despite this, according to the Centre for Advanced Studies …

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In June, Weko and RotaSpray will exhibit at ITMA Milan

In June, Weko and RotaSpray will exhibit at ITMA Milan

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At ITMA in Milan, Italy, from June 8–14, 2023, Weko and RotaSpray, two of the industry’s top producers of rotor spray minimum application systems for textile dyeing, finishing, coating, and moisture control, will have a booth at Hall 14, Stand B103. According to Jayanta Sanyal, head of technical sales and processes at Weko, “the global …

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Cotton industry requests exemption from 11% import tariff to Indian government

Cotton industry requests exemption from 11% import tariff to Indian government

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The textile sector has petitioned the Indian government to waive cotton’s 11% import charge. The levy on cotton imports was established by the Indian government three years ago. At the time, it made sense because Indian cotton was less expensive than cotton from other nations. The situation has now changed, with Indian cotton currently costing …

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