Held from July 10-12, 2021, the Miami Swim Week included tradeshows such as Destination, Cabana, and SwimShow.

The events featured 33 Brazilian brands from the Brazilian fashion internationalization project Fashion Label Brasil, Texbrasil, and Brazalian Footwear, internationalization programs carried out through partnerships between Apex Brasil (Brazilian Trade and Investment Promotion Agency), and Abest (Brazilian Stylists Association), Abit (Brazilian Textile and Apparel Industry Association), and Abicalcados (Brazilian Association of Footwear Industries), respectively.

Held from July 10-13, 2021, the tradeshow Destination focused on premium audiences, emerging brands, and new designers. The Brazilian brands attending the tradeshow included Ampersand Heart, Raissa, NHall Resort Wear, Nay Sunset Wear, Paola Bernardti and Pura Swim from Texbrasil and Height, Andrea Bogosian, Nadia Gimenes Nannacay, Sau Swim Bikinis rom Fashion Label Brasil.

The SwimShow was held between July 10-13 and featured brands like Guria Beachwear, Planet Sea, Rio de Sol, Despi from Texbrasil and Mos Brazalian Beachwear from Fashion Label Brasil.

The event is one of the most traditional in the segment and has existed for over 30 years, annually attracting more than 7,500 buyers, manufacturers, designers, influencers, and fashion industry leaders from over 60 countries.

After many months of deliberating, L Brands’’ board approved the spin-off of the lingerie brand Victoria’s Secret that includes the Victoria’s Secret Lingerie, Victoria’s Secret Beauty and Pink divisions.

The move puts Victoria’s Secret on the New York Stock Exchange as a stand-alone firm, under the stock ticker “VSCO.” In addition, L Brands inc Inc. will soon become Bath & Body Works Inc., with the stock ticker going from “LB” to “BBWI.”

The changes are expected to take effect August 2. L Brands’ common stock will begin trading under the new stock ticker the following day.

L Brands plans to distribute 100 percent of the shares of Victoria’s Secret to eligible shareholders of L Brands’ common stock after market close on Aug. 2, with L Brands stockholders receiving one share of Victoria’s Secret common stock for every three shares of L Brands common stock held at the close of business on the record date of July 22.

Goldman Sachs and J.P. Morgan are serving as financial advisers for the deal.

Victoria’s Secret has been trying for over the last 18 months to revive the innerwear brand, which has been losing revenues and market share for at least three years prior to the pandemic.

After the deal to sell a majority stake of Victoria’s Secret to private equity firm Sycamore Partners fell through amid the pandemic, L Brands said it would separate the lingerie brand from the more lucrative Bath & Body Works brand.

The summer edition of Innatex will be held as per schedule from July 31-August 02, 2021 at the Messecenter Rhein-Main exhibition centre in Hofheim-Wallau.

As per Textile Network, more than 170 green fashion labels will exhibit at the 48th edition of Innatex.

Alexander Hitzel, Project Manager, Muveo GmbH, organizer of Innatex, says, the community is in desperate need of a trading platform that gives them the opportunity to meet their business contacts in person. There is also consensus among participants that the organizer should remain committed to the original dates rather than postponing the event until early autumn.

The pioneering trade fair for the green fashion industry certainly has no shortage of new concepts – among others, a new store concept is planned under the patronage of the IVN, International Association of Natural Textile Industry, and a special space celebrating African labels, created in collaboration with GIZ, the German Society for International Cooperation.

The safety and hygiene measures will be adapted to the latest regulations and approved by the health authorities.

Leigh Fibers and Tidal Vision have partnered to reduce toxicity in traditional textile treatments. According to this partnership, Tidal Vision will apply its Tidal-Tex water-based textile treatments, which incorporate chitosan, to products from Leigh Fibers, which is known for its textile-waste conversion.

To create Tidal-Tex, Tidal Vision processes its chitosan through crab and shrimp shells, sourced as by-products from seafood-industry waste. A nontoxic, biodegradable polymer, chitosan is a product that can be added to a textile manufacturer’s existing system.

Tidal-Tex is used by manufacturers of fiber at the top of the supply chain, such as Leigh Fibers Those fibers are turned into textiles by textile manufacturers further down the supply chain, and the treated products end up in all sorts of products from furniture, mattresses, carpet and more.“

The South Carolina location of the facility where the Bellingham, Wash.–headquartered Tidal Vision will produce its Tidal-Tex within Leigh Fibers’ 1 million-square-foot headquarters is centrally located in a hub of the United States textile industry. Tidal-Tex is applied via a simple act of dipping, spraying or coating. As a versatile product, Tidal-Tex can be applied to fibers, yarn, and woven and nonwoven fabrics. Through this partnership, the use of the facility will allow Tidal-Tex to be available at a lower cost than more-traditional treatments.

Held from July 07-09, 2021, Chinese international fashion brand fair, Fashion Shenzhen hosted over 1,000 Chinese fashion brands and companies. The fair included over 20 forum activities held in nine halls spanning 110,000 sq m.

The Fashion Shenzhen show featured three theme-based pavilions; Premium Label, Industry Value Chain, and Apparel Fabrics and Accessories. It had nine areas focusing on specific topics like vogue force, modern manufacture, design attitude, fashion accessories, fashion solution, modern home, premium apparel fabrics and accessories, and fashionable apparel fabrics and accessories to make more efficient business matchmaking between fashion enterprises and professional buyers.

In 2020, the Fashion Shenzhen show was upgraded to two shows per year spanning 80,000 square meter of exhibition space. The event hosted 827 exhibitors and 116,752 visitors despite COVID-19 restrictions across the world. The show attracted professional buyers from all over the world, making it one of the most popular fashion trade shows in Asia after COVID-19 outbreak.

Kering Eyewear has signed an agreement to acquire 100 per cent of the share capital of Lindberg, a high-end manufacturer of design-oriented, lightweight, and customizable optical frames with a specialization in titanium.

This acquisition is an important milestone in the successful expansion of Kering Eyewear and perfectly fits with its development strategy. Since its start in 2014, Kering Eyewear has built an innovative business model that enabled the company to reach a critical size in the market with close to €600 million wholesale external revenues pre-COVID (FY2019).

This acquisition will further reinforce Kering Eyewear as the most relevant player in the luxury eyewear market segment, adding to its portfolio a complementary and proprietary brand with strong legitimacy, undisputed know-how and best-in-class customer service in optical frames. Thanks to their business complementarities, both companies will be able to leverage on their respective strengths across the value chain, with synergies in distribution and geographical reach notably. This will contribute to accelerate the growth and enhance the profitability of Kering Eyewear.

The Indian Institute of Fashion and Design (IIFD) has partnered with the Fashion Design Council of India (FDCI) as an institutional member which will give its students wider connections in the Indian fashion industry.

Through its new partnership with the FDCI, the IIFD aims to offer both its students and the fashion industry at large, new opportunities for innovation. The institute organizes an array of fashion-based courses including fashion design, fashion styling, textile design, fashion journalism, and interior design and offers diplomas, undergraduate courses, and postgraduate courses. The IIFD’s main campus is located in Chandigarh and it also has another campus in Mohali.

The FDCI is a non-profit organisation which hold a range of fashion events throughout the year including India Couture Week and works to promote the Indian fashion industry at home and abroad. This year, the FDCI teamed up with Lakme Fashion Week to hold a joint edition which featured hybrid in-person and online events.

The creditors of India’s leading chemical & textile company GHCL have approved the demerger of its Inorganic Chemicals and Textile businesses. The company had announced restructuring in March 2020. It will now seek approval from the National Company Law Tribunal (NCLT).

The company expects this demerger to help it achieve a focused growth, concentrated approach, business synergies and increased operational and customer focus. In addition, the demerger is expected to address independent business opportunities with efficient capital allocation and attract different set of investors, strategic partners, lenders and other stakeholders. It will also help the company cater to the different needs of the diverse businesses in a better way and aid value creation for our stakeholders.

Peru’s apparel exports from January-May this year increased by 75.1 per cent to $421 million over the same period in 2020, reports the National Society of Industries.

In May, the country’s apparel export value increased by 70 per cent to $96 million and was the highest in the last 22 months. On the other hand garment shipments from January-May 2021 reached $240 million over $409 million shipments in 2019.

According to data from the institution, exports to the United States accounted for 69 per cent of the total shipments supported by sales worth $289 million between January and May 2021.

Apparel exports to the US by expanded 77.3 per cent between January and May 2021 over the same period in 2020 and rose by 2.1 per cent if compared to the first five months of 2019.

The main items exported to this destination country were: T-shirts and knitted shirts, which totaled about $130 million; knitted shirts for men and boys ($47 million); sweaters, pullovers, and similar items ($26 million); and other knitwear ($19 million). Other important destinations for Peruvian apparel shipments were Canada, Chile, Brazil, Germany and Ecuador.

From January-May 2021, US’ imports of garments increased rapidly and are expected to soon reach pre-COVID levels.

As per Textile Value Chain, the United States imported $ 29.22 billion in clothes from January to May of this year, representing a 22.19 percent year-on-year increase and an 11.75 percent drop from January to May of last year. Its imports declined by $11.93 million to $6.14 billion in May ’21.

US’ garment imports in May this year rose by 8.28 percent rise compared to April, when the country imported only $5.67 billion in clothing. In terms of volume, the United States experienced an increase in import numbers in May, with 2,280.22 million SMEs of apparel arriving in the nation, up from 2,066 million SMEs in April of this year.