Some more worries for New Look!Image Courtesy: northdevongazette.co.ukThe landlords of the British global fashion retailer have challenged the company voluntary administration (CVA) that had got a go-ahead by the creditors in September 2020.Yet again, there are now doubts over New Look’s survival. Notably, British Land and Land Securities are among the landlords who have challenged the CVA.Reportedly, there are 4 separate challenges. Sources close to the matter say that challenges lack merit and

The third quarter of 2020 (July-September) has brought pessimism for Italian textile machinery exporters. However, the domestic sales of textile machinery have seen a good growth on Y-o-Y basis as compared to the same quarter of 2019.According to the latest statistics released by the Association of Italian Textile Machinery Manufacturers (ACIMIT), the index of total order inflow (both export and domestic) for the sector players declined by 26 per cent in July-September ’20 as compared to the cor

The global export of fibres marginally grew 1.49 per cent to $31,247.03 million in 2019 compared to the exports of $30,789.47 million in 2017. Total exports moved down 8.70 per cent in 2019 over the previous year, according to data from TexPro. However, the export is expected to move up to $31,595.43 million in 2022 with a rate of 1.12 per cent from 2019.The global import value of fibres was $33,953.87 million in 2017, which declined 1.82 per cent to $33,337.22 million in 2019. Total imports dro

Amsterdam-based Social & Labour Convergence Programme (SLCP) recently revealed a growing list of leading brands, retailers and organisations that now accept SLCP-verified assessments instead of conducting their own social audits on suppliers, demonstrating progress towards SLCP’s goal of reducing the audit burden on manufacturers and freeing up resources.Pic: ShutterstockSLCP is a multi-stakeholder initiative made up of over 200 signatories, which include some of the world’s leading manufact

In view of the opening up of various sectors in the economy and the expected increase in demand during the ongoing festive season, the Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) till November 30, 2020, or till such time that an amount of₹3 lakh crore is sanctioned under the scheme, whichever is earlier."This extension will provide a further opportunity to such borrowers who have not availed of the scheme so far, to obtain credit under the scheme,"

LONDON – Authorities in both the United Kingdom and Germany have established a fund that will provide subsidies to companies in Ethiopia’s textile and garment manufacturing industry.An initial £5 million has been invested in the initiative at its launch-stage, and will be apportioned to applicants which demonstrate both that they’ve endured an economic shock amidst the COVID-19 pandemic, and that they have a robust recovery plan as to ensure the money isn’t dispersed in vain.Despite Ethiopia hav

As the demand for sustainably sourced raw materials rises, World Textile Sourcing (WTS) offers a sustainable product strategy that includes renewable and recycled fibers in an effort to attain circularity. This will also help achieve a closed-loop production cycle made more transparent.The company aims to make strategies and plans that aim from the supply chain and grow uptown the cultivation of fibers. WTS is known for maintaining ethical production standards throughout its manufacturing proces

SAN FRANCISCO – The Sustainable Apparel Coalition (SAC) will ditch the aggregated single score used by the Higg Materials Sustainability Index (MSI) in January 2021 as it shifts its focus from raw material to product level environmental impacts.Instead, MSI users will be able to use the five individual impact area scores in the newly Higg Product Module (Higg PM) to determine the environmental credentials of their products.These impact areas are global warming potential, nutrient pollution in wa

LONDON - The Fashion Revolution initiative is urging consumers to boycott Black Friday and Cyber Monday to take a stand against what it describes as the "environmental and social damage of hyper-discount culture".Urging shoppers to reflect on and campaign against overproduction, Fashion Revolution argues that the fashion industry’s impact on people and planet is out of control.Co-founder and creative director Orsola de Castro said: “Black Friday is a scam. It’s one more way to get citi

The farmers and cultivators of wool for the Chargeurs group have been ethically producing wool for many years. In 2017, the sustainability movement drove the company to make its efforts more apparent which led to the launch of branded wool fiber NATIVA™.Chargeur’s CLM department has been in business for over 60 years, along with the iconic wool fiber knowhow. NATIVA™ came to existence as a result of heritage, expertise and the demand in the industry.The brand’s deeply rooted in its identity thro