July 2023

Puma's first-half FY23 revenues increase by 12.7%, boosted by the Asia-Pacific market

Puma’s first-half FY23 revenues increase by 12.7%, boosted by the Asia-Pacific market

Puma, a multinational sportswear company with headquarters in Germany, announced first-half (H1) fiscal 2023 (FY23) sales growth of 12.7% YoY to €4,308 million, with the Asia-Pacific and Europe, Middle East, and Africa (EMEA) regions driving the rise. The EMEA region had a growth of 25.2%, closely followed by Asia-Pacific with significant growth of 26%. In …

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Spain’s first-ever recycled PET facility will be built by gr3n & Intecsa

Together with Intecsa Industrial, gr3n will construct a “First-of-a-Kind” (FOAK) manufacturing facility in Spain. Construction is expected to start in Q4 2024 and be completed by 2027. Gr3n has committed to creating a joint venture with its stakeholder Intecsa Industrial to become the top supplier of enhanced recycled PET in the world. By 2027, gr3n …

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Demand for QR codes in textile labeling from the Swiss NGO SMART and other organizations

To develop the circular economy, the fashion and recycling industries from all around the world have banded together to call for harmonized digital labeling (QR codes). The Secondary Materials and Recycled Textiles Group (SMART), an international non-profit trade group with headquarters in Switzerland, has joined 130 recycling, fashion, and footwear organizations from around the world …

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Alarming amounts of microplastics are found worldwide in freshwater lakes

According to a recent study titled “Plastic Debris in Lakes and Reservoirs,” which was published in the scientific journal Nature, a concerning amount of microplastics have been found in freshwater lakes and watersheds all around the world. The research, led by Veronica Nava, a visiting postdoctoral fellow from the University of Milano-Bicocca in Italy at …

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‘Made in LA’ low-impact fabric line is the result of a collaboration between Hyosung, Laguna, and Lenzing

To introduce the Natural Selection Collection, premier circular knitting mill Laguna Fabrics teamed together with Lenzing AG, a producer of lyocell fibers under the Tencel name, and Korea’s Hyosung, a producer of creora spandex. The importance of style, usefulness, and environmental responsibility are prioritized in this chic fabric collection manufactured with Tencel Lyocell and creora …

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Global businesses release a sustainability law guide for the apparel industry

Together with GIZ Fabric and Transformers Foundation, Epic Group, Norlanka, Shahi Exports, and Simple Approach have published a thorough report on sustainability-related legislation and its effects on garment suppliers and other stakeholders. The research seeks to offer insightful analysis and useful recommendations for businesses involved in the garment value chain, particularly those based or created …

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Luxury and streetwear collaborations are changing the sportswear market globally

According to the most recent Sportswear Insights research by Launchmetrics, the major driver behind the evolution of the global sportswear business is the growing trend of collaborations between luxury and streetwear brands. Such alliances present enormous potential for companies, as evidenced by the notable Gucci x Adidas deal, which earned $96.5 million in media impact …

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H&M of Sweden introduces a Disney line featuring Trevor Andrew

In order to create the Disney100 x H&M collection, multidisciplinary artist Trevor Andrew, a former well-known professional snowboarder, teamed up with the Swedish retailer H&M. He is recognized as the creator of the GucciGhost street art tag. The collection has a laid-back vibe and features various Disney characters, all-over designs, and Andrew’s distinctive symbols, such …

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Organic Cotton can be included in the OEKO-TEX Standard 100: Hohenstein

OEKO-TEX officially released its new Organic Cotton mark in April 2023. Hohenstein stated that textile firms whose goods have been certified with the OEKO-TEX Standard 100 can now have their certificates extended to an Organic Cotton certificate after verifying ecological manufacturing. “A combination with OEKO-TEX Made In Green is ideal,” said Ivonne Schramm, Hohenstein’s OEKO-TEX …

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The 62nd Dornbirn GFC in Austria will investigate sustainability and innovation

The 62nd Dornbirn Global Fibre Conference (GFC), the world’s only innovation conference where the whole industry is represented to produce breakthroughs, will be held from September 13-15 in Dornbirn’s Kulturhaus in Austria. It will feature 125 lectures from renowned speakers who will demonstrate how research and development breakthroughs may be put into practice. With the …

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