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Culp announces cash strategy to respond to COVID-19
Culp, Inc. announced today a series of proactive measures the company has taken to preserve balance sheet strength and reduce costs in response to increasingly challenging market conditions and the
Cotton market witnessed slow trading and lack of buying interest
Despite the world cotton market giving a mixed trend, the cotton market in Pakistan remained steady. The Karachi Cotton Association left its spot rates unchanged. However, trading on ready
Tax at source for apparel and textile sector reduced to 0.30pc by Bangladesh govt
The Bangladesh government has reduced tax at source for the apparel and textile sector to 0.30 per cent from the existing 0.80 per cent. The directive came following the apparel makers demand to
Product repairs platform The Cobblers secures $8M funding
The Cobblers, a Miami-based digital firm that offers a one-of-a-kind marketplace for restoring leather items, has secured US$8 million in seed funding. Fil Rouge Capital led the investment, which
Plant-Based Indigo Offers a Denim Dyeing Solution for the Future‎
Fashion for Good is collaborating with Levi Strauss & Co. and Stony Creek Colors to pilot the usage of Stony Creek's IndiGold™ plant-based pre-reduced indigo at scale as part of an initiative
Lenzing receives further recognition for its sustainable performance
Austrian leader in sustainable specialty fibers, Lenzing Group, has been recognized for its sustainability efforts. The Lenzing Group's rating has been upgraded from A to AA by the prestigious
Prada signs €90 million sustainability-linked loan with Unicredit
Italian luxury fashion house Prada SpA has signed a new sustainability-linked loan of 90 million euros with UniCredit for a period of 5 years on the 10th of February 2021. This loan comprises the
Huntsman’s RIOPON® E3-SAVE makes dying more sustainable
As the global interest in sustainability grows, the textile production house Huntsman Textile Effects, have ensured mills adopt the all in one ERIOPON® E3-SAVE textile auxiliary for polyester
Clothing sales are up, but the lifespan of clothes is shorter
People are buying more clothing today than they did 15 years ago. But they’re only wearing it half as long. That means clothing production and sales are both on the rise, and so is the amount
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