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2022-03-08 10:43:37
Estonian resale platform UPTY closes pre-seed investment round
Secondhand fashion platform, UPTY, announced that it has completed its pre-seed funding round and has raised €650,000 (US$705,000) and has started a new round of investment as it targets a total
2022-01-18 14:54:17
Asos plans to enhance the UK economy by GBP3.8 billion
UK online fashion retailer, Asos, has released its first economic impact report, underlining the magnitude of the company's contribution to the UK economy and society. According to Asos, the
2021-12-06 11:41:44
Spinnova and Suzano factory project in Finland makes headway
According to Spinnova and Suzano, the project is on track, and the manufacturing areas are expected to be ready for technological installations by the end of next summer (2022). The facility is
2021-11-23 11:03:53
GFA latest report claims investing in recycling could make fashion 80% circular by 2030
According to the Scaling Circularity report released by the Global Fashion Agenda (GFA), the fashion industry could become 80% more circular by 2030 if it invests more in existing recycling
2021-10-14 12:46:29
TrusTrace secures a $6 million series A investment
Stockholm-based Supply chain solutions provider TrusTrace, announced today a $6 million growth investment led by Industrifonden and Fairpoint Capital, with previous investors BackingMinds and with
2021-08-20 06:32:34
Lululemon partners with Genomatica, to produce plant-based nylon
Lululemon Athletica announced a multi-year partnership with Genomatica, a leader in sustainable materials, to include renewably sourced, bio-based materials into Lululemon’s products. This is
2021-08-09 08:59:01
Net-a-Porter uses EON technology to make its products traceable
Online fashion retailer, Net-a-Porter, is increasing its environmental investments in order to assist shift customer behaviors and promote its new "buy now, wear forever" motto. As part of its
2021-07-06 10:21:37
Finnish firm Infinite Fiber raises €30 million investment
Finnish textile technology group, Infinited Fiber Company, which produces cellulosic fiber from textile waste, has raised €30 million in new financing, with Danish retailer Bestseller's investment
2021-01-29 08:48:38
EU Commission to focus on recovery plans and sustainability investments
In a hard time dealing with the corona virus crisis, the European Commission has announced its new textile strategy in order to strengthen the sector. The new strategies aim to provide a new model
2020-01-03 06:31:14
Sri Lankan apparel industry very eager to establish a textile manufacturing plants
Apparel industry stakeholders are making a concerted effort to create a sustainable fabric supply base within the country. “Though the goods exported to EU are eligible to the GSP+ benefit, we
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