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07-Aug-2020   Copenhagen Fashion Week launches new digital universe      
Copenhagen Fashion Week has launched its new digital universe, CPHFW72H, designed to stream this season''s shows and events. This season, Copenhagen Fashion Week features 32 shows and presentations from a breadth of designers like Ganni, Stine Goya and Holzweiler. Beginning with a digital show on August 10, Swedish brand Whyred will inaugurate CPHFW72H.     Read More  

07-Aug-2020   Inditex, IndustriALL to work on garment sector recovery      
Spanish firm Inditex and IndustriALL Global Union have decided to jointly support the global garment industry to recover from the crisis created by the COVID-19 pandemic. The organisations pledged to do this in a joint declaration signed in Arteixo and Geneva recently. A major purpose of this agreement is a commitment to stable payment terms and financing to support suppliers’ cash flow.     Read More  

07-Aug-2020   Turkish textile-garment sector seeks govt aid: ITKIB      
The Turkish textile and garment industry recently urged the government for financial support, including tax exemptions and debt delays, to help the sector remain competitive during the COVID-19 pandemic. Istanbul Textile and Apparel Exporters Association (ITKIB) chairman Mustafa Gültepe said the industry witnessed a 16.5 per cent year-on-year (YoY) contraction in exports between January and July.     Read More  

07-Aug-2020   Bangla RMG units'' orders saw 81% contraction in Apr: WTO      
The COVID-19 pandemic has exposed Bangladesh''s readymade garment (RMG) sector’s sensitivities by destabilising global supply chains and leading to a decline in demand. Orders received by RMG factories declined by 45.8 per cent over the first quarter of 2020, with an 81 per cent contraction experienced in April alone, according to a report by the World Trade Organisation (WTO).     Read More  

07-Aug-2020   SaigonTex 2020 postponed and merged with SaigonTex 2021      
SaigonTex/SaigonFabric 2020 is postponed and the trade fair will now be combined with SaigonTex/SaigonFabric 2021, on April 7-10, 2021, the show organisers said on the fair website. The decision has been taken in view of the Vietnamese government continuing with the 14-day quarantine policy for foreigners entering the country, the organisers said.     Read More  

07-Aug-2020   Global trade of synthetic staple fibres on rise      
The global export of synthetic staple fibres, not carded, combed, or otherwise processed for spinning of polyvinyl chloride rose 15.78 per cent from $594.21 million in 2017 to $688.00 million in 2019. Total exports surged 6.60 per cent in 2019 over the previous year and is expected to rise to $857.15 million in 2022 with a rate of 24.59 per cent from 2019.     Read More  

07-Aug-2020   Aeffe SpA H1 FY20: sales €119 mn; net loss €11 mn      
Aeffe SpA, a fashion and luxury goods company, reported 31.4 per cent sales decline to €118.9 million in its first half (H1) for fiscal 2020 ended on June 30, 2020 compared to sales of €173.3 million in same period last year. Group incurred a net Loss for the six months period of €10.9 million compared to the net profit of €5.1 million in H1 FY19.     Read More  

07-Aug-2020   Ecofibre taking over TexInnovate      
Ecofibre is taking over businesses and assets of its key manufacturing partner in North Carolina – TexInnovate – to accelerate the commercialisation of Hemp Black. Ecofibre has entered into a conditional agreement in this connection. The portfolio includes five businesses that have deep technical expertise in the high-performance textile disciplines.     Read More  

28-Jul-2020   Messe Frankfurt France Trendbook for sourcing strategies      
Despite the absence of a physical edition in September, Messe Frankfurt''s trade shows continue to occupy a key position in the sourcing strategies of European buyers for textiles and clothing, leather and fashion accessories. Designed to provide inspiration, the Messe Frankfurt France Trendbook is a creative tool for building these strategies.     Read More  

28-Jul-2020   VIP Clothing forays into safety wear with masks      
VIP Clothing Ltd, the iconic Indian brand of innerwear manufacturer, has forayed into the category of safety wear with its quality-driven masks. Designed with high quality 100% soft cotton, breathable, and absorbent fabric, the masks are soft and rest effortlessly on the face. The initiative is part of the support to fight against the COVID-19 pandemic.     Read More  

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