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Brightplus raises 2 million euros to scale innovative textile coating process

Finnish green-tech materials company Brightplus has successfully raised 2 million euros in funding to accelerate the growth, development, and industrial scaling of its high-performance, recyclable, bio-based textile coatings. The funding round was led by impact investor Collateral of Good, and co-led by Nordic Butterfly Ventures, with additional...

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US apparel imports fell 13% in May 2025

The Office of Textiles and Apparel (OTEXA) released the May 2025 trade data this week, providing a detailed look at US textile and apparel imports. While overall imports show some growth year-to-date, the apparel sector experienced a notable dip in May, with specific attention on China's evolving position as a key supplier. In May 2025, total...

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El Corte Inglés completes 500 million euro debt issuance

Madrid – El Corte Inglés, the Spanish department store group, has successfully completed a debt issuance totalling 500 million euros. The placement was executed through a bond issue with an interest rate of 3.5 percent and a maturity date in July 2033. According to details provided by the Spanish company's management, the transaction received...

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Textile Exchange to launch approved criteria of new Materials Matter Standard in December

Global non-profit Textile Exchange introduced its new Materials Matter Standard at its annual conference last year, a voluntary sustainability standard for the production and initial processing of raw materials. After a successful vote by the International Working Group (IWG) as an independent decision-making body, Textile Exchange will launch...

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Saks Global feels the pinch: reports Q1 top- and bottom-line declines

Akin to others in its sector, Saks Global is starting to see the impact of the currently challenging luxury environment reflected in its financials. For the first quarter of the year, the luxury retail group reported widening losses and lowered revenue as issues with inventory flow took precedence. According to the company’s financial report,...

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Burberry's Q1 comparable sales dip but brand desirability increases

Burberry Group PLC today released its first-quarter trading update for the 13 weeks ended June 28, 2025, indicating an improvement in comparable sales and growing brand desirability as it progresses with its transformation strategy. For Q1 FY26, Burberry reported retail revenue of 433 million pounds, a 6 percent decrease at reported exchange...

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Mango reports strong H1, aims to make US one of top three markets by 2026

Madrid – Spanish fashion multinational Mango has just reported its sales figures for the first half of its current 2025 financial year, showcasing significant double-digit growth. According to the information provided by Mango's management, the Spanish company closed the first half of its 2025 financial year generating total sales of 1.73...

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New Reju and Circle-8 partnership to tackle large-scale textile-to-textile recycling in UK

Textile-to-textile regeneration company Reju and Lonond-based Circle-8 Textile Ecosystems have partnered to boost large-scale textile-to-textile (T2T) recycling in the UK and make a dent in the growing post-consumer textile pile. After opening pilot plant “Regeneration Hub Zero” in Frankfurt, Germany in October 2024, Reju announced its first...

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Doubling fashion: John Lewis to launch own menswear brand, adds third-party labels

John Lewis is looking to double its fashion business as part of a wider elevation strategy currently underway at the department store chain. To build on this, the retailer is already set to launch a new own brand in menswear and is introducing a range of new, premium third-party brands. This is according to the company’s executive director,...

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Coats Group acquires OrthoLite for 770 million dollars

British manufacturing firm Coats Group has entered an agreement to acquire OrthoLite Holdings LLC for 770 million dollars. The deal intends to create “a ‘super tier 2’ supplier for footwear components”, while helping Coats expand into the “high growth insole segment”. The transaction, which is expected to close in Q4 2025, was funded through a...

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Swatch Group's profits plummet in first half

Zurich - Swiss watchmaker Swatch Group published its half-year results on Thursday. The results were heavily affected by weak consumer spending in China, causing its net profit to plummet. The group, owner of the multicoloured plastic watch brand and other brands, including Tissot, Longines and Omega, saw its net profit fall to 17 million Swiss...

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Puig experiences slowdown in the Americas and in fragrances and fashion

Madrid – Puig, the leading Spanish multinational in the fashion and beauty sectors, has reported its sales figures for the second quarter of its 2025 financial year. This period ended on 30 June. The company acknowledges its accounts have been affected by exchange rates, especially due to the weakness of the US dollar. This weakness is a...