London-based Worn Again Technologies has hit its 5 million pounds investment target to accelerate its trail-blazing polymer recycling technology, which aims to crack the code on the circularity of raw materials for the textiles and apparel industry. The cash injection has come from a number of investors, […]

New York-based sustainable, luxury cashmere company Naadam, has announced that it has raised 16 million dollars in Series A funding, led by private equity firm, Vanterra Capital with participation from Torch Capital, U-Start Club, Trail Post Ventures, and Plug & Play Ventures. Co-founded and launched […]

Austrian textile and cellulose fibre producer Lenzing Group is planning to intensify its sustainability efforts and will do so through four measures that it announced in a press release on 13th July: Until 2022, the company wants to invest more than 100 million euros in sustainable production. It is […]

American footwear manufacturer StreetTrend LLC has joined forces with the Italian investment firm Panda srl to acquire a majority stake in the Italian luxury sneaker brand P448. Panda and StreetTrend purchased all of P448’s creative design, manufacturing operations and brand assets. First launched in […]

Asia's largest premium lifestyle platform, Secoo has announced a strategic partnership with Shandong Ruyi Group, a Chinese textile conglomerate with an extensive portfolio of fashion, luxury clothing and accessories brands, as it looks to expand its business within the fashion industry. In the press […]

OPINION Investors and market analysts love to make alarming predictions about the future of companies they invest in; most of the time to soften the blow of a unavoidable loss. What is causing them to worry at the moment? The success story of Kering's top performing label, Gucci. Some investors are […]

Thousands of Amazon employees went on strike yesterday in Germany and Spain to demand better working conditions. The German workers opted for a one-day strike, while their counterparts in Spain decided to walk off the job for three whole days.The walkout coincided with Amazon’s Prime Day, when the global […]

German sportswear giant Adidas Monday said it plans to use only recycled plastic in its products by 2024. The company has pledged to eliminate its use of "virgin" plastic in its sportswear, according to CNN Money. Adidas also intends to stop using virgin plastic in its offices, retail outlets, warehouses […]

IN DEPTH Women’s activewear brand, Fabletics, co-founded by actress Kate Hudson, has announced that it is looking to “propel” the brand forward, with global expansion plans, new retail stores, and enhanced collections as it celebrates its fifth anniversary. Founded in 2013 by Hudson along with TechStyle […]

British brand Ted Baker and Israeli textile firm Delta Galil are joining forces. The two companies have signed a licensing agreement to allow Delta Galil to develop, produce and distribute men’s underwear, loungewear and thermal wear for Ted Baker worldwide. “We are very excited to partner with the […]