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Lenzing will introduce the Sustainability Storybox, a compendium of contemporary best practices for casualwear wardrobes at Kingpins Amsterdam April 10-11, 2019. This includes key elements of the recently-launched Planet REhab capsule collection, produced so that every step of the supply chain is designed to reduce the environmental impact.

Initially exhibited at Munich Fabric Start, Planet REhab is made possible by partnerships with global textile and apparel companies committed to reducing their impact on the environment. Juan Carlos Gordillo designed and developed the collection around Tencel™ and Tencel™ X Refibra™ branded lyocell fabrics from Tejidos Royo. The fabrics were dyed using Recycrom® technology from Officina+39, and the resultant garments were finished by Tonello using modern earth-friendly finishing techniques. The collection will be on display at Kingpins Amsterdam, April 10 -11, 2019.

The Copenhagen Fashion Summit 2019 will once again host the Innovation Forum, a sustainable solutions platform designed to help small and large fashion businesses speed up or embark on their sustainability journey. The curated trade and exhibition area, which features some of the world’s most promising sustainable solutions, also includes a pitch stage and pre-scheduled business meetings. The 2019 edition will introduce the Design Studio, presented by Avery Dennison, an area inspired by creative directors for creative directors, and Future Lab, which will showcase some of the most progressive start-ups.

Each of the solutions presented at Innovation Forum will address one or more of the priorities in the CEO Agenda 2019, which defines the top sustainability priorities for industry executives to take action on. The stands across Innovation Forum will be labelled with icons representing the CEO Agenda’s core and transformational priorities to aid in identifying how each solution can be strategically applied to your business to turn words into action.

Participating fashion brands will meet with more than 40 solution providers covering the entire value chain – from innovative materials to responsible packaging solutions and from new disruptive ideas to tried and tested, large-scale solutions. The matchmaking programme powered by the Ramboll Foundation will help companies take the first important steps towards implementing sustainability. Each business meeting will be set up based on careful screening using data provided by participating fashion brands and solution providers.

Monday, 01 April 2019 13:18

Guess develops Eco line denim collection

Fashion retailer Guess has developed a new capsule collection for men and women, with sustainable materials and manufacturing processes. The main highlight of the 12-piece Guess Eco line is the water-saving denim. Apart from this, it also has a range of jeans, trucker jackets, 100 per cent organic cotton logo and graphic T-shirts and a 100 per cent organic cotton bodysuit for women. For men, the collection includes slim tapered denim jeans in a medium and light wash with a selection of 100 per cent organic cotton logo and button-down shirts.

The denim in the Guess Eco collection is produced with advanced technology that uses on an average about 30 per cent less water per garment and reduces chemical use throughout the production. The collection is made by Italy based fabric manufacturer Candiani, one of the world’s greenest denim mills, and the fabric is created by using a pre-reduced indigo dye that cuts chemical use and lowers overall environmental impact throughout the manufacturing process. Reusable stones used to distress the denim reduce the waste created during production while pocket lining made with 30 per cent recycled content cuts down the waste as well as diverts plastic bottles from landfill.

The government has formed a €50 million fund to give out low-cost loans for garment factory remediation with the view to enhancing workplace safety in the country's main export-earning sector. Each garment factory will get loans of up to €1 million from the fund at 7 percent interest rate. In exceptional cases, the amount of loan will be increased to €3 million for massive upgrades.

The fund can also be used to reduce pollution, ensure efficient use of energy and create a decent place to work, as per the notice sent out to all lenders and non-bank financial institutions yesterday.

The central bank will play the role of implementing agency for the fund, formed with soft loans from the Agence Française de Développement, which is a public financial institution that implements the policy defined by the French government. Apart from the loan fund, an additional €14.29 million will be provided as grants to the successful garment factories and banks that disburse the loans properly.

Monday, 01 April 2019 13:15

France backs EU-Vietnam FTA

The proposed EU-Vietnam free trade agreement is seen by France as a gateway for EU and Vietnam to access each other’s markets more easily and promote economic and commercial exchange, benefiting both the EU and Vietnam. France is the 16th biggest foreign investor in Vietnam, but accounts for less than one per cent of the Vietnamese market. France and Vietnam have friendship links and strategic cooperation across various fields like economy, health care and education. The Vietnamese community in France numbers around 3,00,000.

France is Vietnam's fifth largest trade partner in Europe and is the third largest European investor in the Southeast Asian country. Almost two thirds of French investments are made in the services sector, one fifth in industry (water, gas and electricity), seven per cent in agriculture and five per cent in retailing. Almost 300 French businesses are set up in Vietnam in the form of companies, representative offices and joint ventures.

Among Vietnam’s exports to France are cell phones and accessories, footwear, textiles and garments, rubber products, plastic products, confectionery, pepper, precious stones and metals.

French group Scavi is investing heavily in Vietnam. Scavi is one of the world’s top enterprises in lingerie, swimwear, and sportswear. North America and Japan are the group’s key export markets, accounting for some 40 per cent of its total revenue.

The British Fashion Council (BFC) is helping UK designers make inroads in China - from finding a space, to negotiating contracts or licensing arrangements. Its looking to plug into independent retailers across China that reach customers through social platforms like WeChat and Weibo, and sell through those channels directly as well. BFC is looking at partners that can help them open retail stores and the big e-commerce players that can help them in mass distribution.

From buyers to fashion writers, Chinese consumers are drawn to the creativity of British design. The Balancing, a chain of Chinese boutiques, sells top British designers including Stella McCartney, Victoria Beckham and Anya Hindmarch.

Chinese spending accounts for one-third of global luxury market. In 2018, the country’s luxury goods market posted its second straight year of 20 per cent growth. China is expected to overtake the US as the world’s largest fashion market in 2019. However, while wealth is rising, hefty import taxes are driving the cost of western luxury labels beyond the reach of many. Chinese customers are experimental, with a taste for clothes that are vibrant and sculptural yet feminine. Western brands have long eyed the potential of China’s growing middle class, seeking to find their way into the lucrative but sheltered market.

Monday, 01 April 2019 13:12

CCI begins cotton sales

The Cotton Corporation of India (CCI) has sold around 10,000 bales at a price of Rs 47,000 per candy through e-auctions in Maharashtra and Telangana. Nearly 70 per cent of the cotton has arrived in the market so far, and with the peak period about to get over, the season is likely to stretch for another couple of months.

Since early March, cotton prices have strengthened by Rs 3,000 a candy to Rs 44,500 now. Spot prices have increased from Rs 45,000 to Rs 45,500 per candy. After the 26 per cent year-on-year increase in 2018-19, the MSP for medium-staple variety of cotton is at Rs 5,150 per quintal, and that for the long-staple variety is at Rs 5,450 per quintal.

Crop output this year is pegged at 328 lakh bales. The Cotton Association of India has procured around 11.60 lakh bales so far, nearly four times the amount collected in the same period the previous year. CCI has also begun purchasing cotton from the open market on its commercial account, amid bullish price indications due to falling supplies. Until now, 7000 bales to 8000 bales of cotton have been purchased on commercial accounts in Karnataka, Maharashtra and in the northern states.

Following the imposition of 200 per cent duty by India on all items exported from Pakistan, the All Pakistan Textile Mills Association (APTMA) has recommended a similar duty on all products originated in or exported from India. APTMA asked for a 200 per cent duty on all imports from India whether they be duty paid or imported through a duty-free scheme.

This step is important as after the Indian elections, India will reduce the duties to normal again. The situation will not be a tangible one for Pakistan if they do not impose reciprocal duty right now, APTMA says. APTMA noted the balance of trade between the two countries was highly skewed in the favour of India, saying that the imposition of duty on Indian imports would help reduce the trade deficit in the short run.

"The Apparel Textile Sourcing Miami (ATSM) show, to be held from May 28-30, 2019 at the Mana Wynwood Conference Center, will present latest developments shaping the booming apparel and textile market. The show provides an unprecedented opportunity for networking and education as more than 300 exhibitors from over 15 countries converge at the show — including fabric mills, ready-made garment factories, service providers, wholesalers, trade offices and home textile suppliers."

 

The Apparel Textile Sourcing MiamiThe Apparel Textile Sourcing Miami (ATSM) show, to be held from May 28-30, 2019 at the Mana Wynwood Conference Center, will present latest developments shaping the booming apparel and textile market. The show provides an unprecedented opportunity for networking and education as more than 300 exhibitors from over 15 countries converge at the show — including fabric mills, ready-made garment factories, service providers, wholesalers, trade offices and home textile suppliers.

More than 4,000 visitors from Florida, Southeastern US and Latin America are expected to attend, representing brands, retailers, e-commerce sellers, designers, importers and buying offices. The overlap with Miami Fashion Week will increase the numbers to more than 10,000 fashion industry professionals visiting the Magic City at that time.

Pantone to unveil fashion color trend forecast for Fall 2020

At the forefront of the event will be the unveiling of the fashion color trend forecast for Autumn/Winter 2020-2021 by PantoneUpcoming ATSM 2019 to offer unprecedented networking opportunities Color Institute, the global authority on the movement of color across current and future seasons that enables color-critical decisions through every stage of workflow for brands and manufacturers. Visitors will get an opportunity to experience upcoming trends first hand and interact with color specialists at the Pantone booth.

Asia-US-Latin America Investment Summit to focus on local investment

To be organised by ATSM in conjunction with the Investment Association of China (IAC), the first Asia-US-Latin American Investment Summit on May 28, 2019 will take place in the show’s VIP Lounge. It will focus on local investment opportunities in Miami and Fort Lauderdale in the areas of logistics, ports, commercial/residential real estate, infrastructure and technology.

Focus on Latin American producers

As a study by McKinsey & Company indicates, much of the future global apparel market’s continued growth will come from developing markets. ATSM has plans to bring a Latin American delegation of apparel and textile producers to Miami who are ready to facilitate “near-sourcing” business with attendees.

Strategic alliances with private firms, associations, and government agencies to provide support

The Miami-Dade Beacon Council, economic development organisation for Miami-Dade County, will bring both domestic and international representatives to the region, stimulating economic development and prosperity for Miami-Dade.

Show visitors will also reap the benefits of unique Florida Business Panel, which will provide insight into local industry opportunities and services. Julie Hughes, President of the DC-based US Fashion Industry Association will also be on hand to provide an update on the latest developments in global trade, tariff and non-tariff barriers, and new sourcing opportunities.

Fashion Show to feature local and international designers

The trade show will also include the return of the much-anticipated ATSM fashion show, representing both local and international designers, up-and-coming student talent and global fashions presented by show exhibitors.

Friday, 29 March 2019 13:44

PVH Corp to exit Calvin Klein

Apparel maker PVH Corp will exit its high-end collection of Calvin Klein apparel and shut the label’s flagship store on New York’s Madison Avenue, as the fashion line failed to strike a chord with customers. The company is in discussions with its North America apparel partner G-III Apparel Group to license out the brand’s women’s jeans unit. G-III also operates Tommy Hilfiger women's business, which helped boost PVH’s strong financial results in the fourth quarter, lifting its shares nearly 18 per cent in morning trading.

Fashion missteps at high-end Calvin Klein’s line of clothing have hit sales in recent quarters as customers balked at the high prices of the ready-to-wear luxury clothing label that offered oversized sweaters, tie-dyed and silk dresses. PVH’s decision to exit the label and license out its women’s jeans unit is expected to lower its fiscal 2019 revenue by 100 million dollars. However, the restructuring of Calvin Klein and the lack of a need for big promotions in its jeans business are likely to improve profit margins in the second half of 2019. Trade tensions have impacted the company’s retail business in China and the United States. Still, PVH forecast full-year adjusted profit between 10.30 dollars and 10.40 dollars per share.