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Oerlikon’s Polymer Processing Solutions Division, alongside its joint venture partner BB Engineering, is gearing up to participate in Turkey's premier textile machinery exhibition ITM 2024 from June 04-08, 2024 at Stand 706 in Hall 7 of Tekstil Servis.
Oerlikon will showcase comprehensive solutions spanning from melt to yarn, fibers, and nonwovens at the event. The company also plans to embrace sustainability at the event. It will showcase mechanical and chemical recycling technologies for bottles and textiles, biopolymers, and circular economy models.
Along with its subsidiaries and partners like Oerlikon Barmag Huitong Engineering (OBHE) and Barmag Brückner Engineering (BBE), Oerlikon will present tangible concepts addressing these challenges.
Moreover, Oerlikon will emphasise energy efficiency, economic viability, environmental sustainability, and ergonomic considerations at ITM 2024, while also marking the 20th anniversary of their e-save initiative. André Wissenberg, Head - Marketing, Corporate Communications, and Public Affairs, Oerlikon Textiles, reiterated the company's commitment to profitable and sustainable growth, emphasising performance, quality, sustainability, and commitment as the pillars of their daily operations.
Further, Oerlikon will showcase concrete solutions such as OBHE’s homogenisation technology for mechanical recycling of polyester waste and BB Engineering's VacuFil system for PET recycling. Additionally, Oerlikon Neumag's EvoSteam process promises more sustainable staple fiber production with significant savings in energy, water, raw materials, and operational costs.
Innovations like bicomponent yarns for carpet production demonstrate Oerlikon Neumag's response to market demands for quality, efficiency, and resource optimisation, says Arnd Luppold, Sales Director.
Furthermore, the event will demonstrate Oerlikon's prowess in digitalisation, featuring their Plant Operation Center (POC) and atmos.io platforms, which empower customers with enhanced control over complex systems and data flow in their businesses.
With over 350 installations globally, Oerlikon continues to lead the way in leveraging digital technologies for operational excellence in the textile industry.
A prominent bed linen manufacturer and exporter from India, Indo Count has acquired the esteemed international home fashions brand, Wamsutta from Beyond, Inc. Renowned for its luxurious bed, bath, and home fashion products, Wamsutta has captivated consumers for generations. Finalised on April 18, 2024, this acquisition strengthens Indo Count’s brand portfolio and presence in the premium market segment.
With a legacy dating back to 1846, Wamsutta is known for its exceptional quality and brand heritage. Under Indo Count’s leadership, the brand is poised for significant growth.
Mohit Jain, Executive Vice Chairman, Indo Count, says, with this acquisition the company aims to enhance the brand's value proposition and unlock its global potential. The synergy between Wamsutta’s brand equity and Indo Count’s global reach will propel the brand to unprecedented heights, marking a significant milestone in its expansion strategy.
In the wake of shifting consumer behaviors spurred by the pandemic, alongside inflation spikes and supply chain disruptions, luxury brands are reassessing the role of outlet stores.
In 2023, sales of luxury outlets increased by 35 per cent to reach $50 billion. This growth outpaced other channels, including monobrand and online platforms. Notably, amidst this surge, traditional luxury travel retail faced a significant setback, declining by 14 per cent since 2019 due to pandemic-induced challenges.
While the presence of luxury brands in discount environments might raise eyebrows, many are adopting marketing strategies leaning more towards mass appeal than pure luxury. This shift is partly driven by the pressure to meet investors' expectations for consistent quarterly growth. Consequently, luxury brands are actively pursuing customers rather than waiting for them to come.
Consumers, seeking the allure of luxury without the full price tag, are increasingly turning to outlets as a means to stretch their budgets. The rise in outlet mall traffic, particularly among young, upwardly mobile couples, reflects this trend. Gen Z adults, in particular, are forming habits that prioritize value without sacrificing quality, making outlet malls an attractive destination for budget-conscious luxury shoppers.
Recognising the evolving consumer landscape, industry players like Tanger Outlets are adapting their offerings to align with shifting preferences. By incorporating experiential amenities typically found in open-air shopping centers and diversifying their tenant mix, outlets aim to appeal to a broader audience while maintaining their luxury appeal.
Stephen Yalof, CEO, Tanger Outlets, emphasizes the importance of creating a lifestyle environment within outlet to cater to diverse customer needs. With the acquisition of non-outlet properties, such as mixed-use centers, outlets are poised to integrate learnings from different retail formats to enhance the overall shopping experience.
Supply Trace, a pioneering collaboration between Northeastern and Sheffield Hallam Universities, has unveiled the first open platform designed to identify potential exposure to forced labor within supply chains. Focused initially on the apparel sector, Supply Trace's pilot phase targets shipments linked to the risk of forced labor in China's Uyghur Autonomous Region.
Utilizing trade records and machine learning algorithms, the platform traces relationships between entities and applies risk analysis intelligence. Spearheaded by a team of Uyghur experts, Supply Trace aims to combat forced labor by providing transparent insights into global supply chains.
This launch comes amid escalating global regulatory pressure on companies to address human rights abuses in their supply networks. Legislation such as the Uyghur Forced Labor Prevention Act in the US and the pending EU Corporate Sustainability Due Diligence Directive highlight the urgency for businesses to take proactive measures.
Shawn Bhimani, leading the development, emphasizes the platform's transformative potential in reshaping global sourcing practices. He stresses that addressing human rights concerns is no longer just a corporate social responsibility but a crucial business imperative.
Supply Trace's democratization of trade risk data promises to empower stakeholders across industries, facilitating informed decision-making to mitigate forced labor risks and drive positive change in global supply chains.
Autumn Fair 2024 is set to reignite retail excitement from September 1st to 4th at NEC Birmingham, showcasing the latest trends and innovations in Home, Gift & Fashion. With over 800 esteemed exhibitors, including household names like Kikkerland, Bomb Cosmetics, and Keel Toys, the event promises to elevate retailers' gifting game to unprecedented heights.
This year's fair emphasizes new and original products, highlighting local 'Best of British' suppliers and sustainable offerings. Soraya Gadelrab, Event Director, anticipates an exceptional showcase, asserting Autumn Fair as the essential seasonal platform for retailers to discover their next best-sellers. With a focus on sustainability and innovation, the fair presents a treasure trove of personalised, licensed gifts, wellness products, stationery, toys, and more.
The event has been meticulously curated into five sectors, catering to diverse retail needs. The Gift sector boasts a diverse range, from contemporary designs to unique, personalised offerings. New additions like Cognitive Surplus and Toasted Crumpet bring fresh perspectives to the mix, blending science with design and British-made luxury.
In Beauty & Wellbeing, visitors can explore pampering essentials and grooming products from esteemed brands such as Bomb Cosmetics and Psychic Sisters. Greetings & Stationery presents a vibrant array of creative cards, wrapping papers, and stationery collections, ensuring every sentiment is celebrated in style.
The Kids, Toys & Play sector promises to enchant with the latest toys, gadgets, and educational tools. From timeless classics to high-tech innovations, exhibitors like House of Marbles and Winning Moves offer something for every child's delight.
Additionally, the new Everyday sector caters to independent retailers seeking volume, value, and unmissable offers across various product categories. From giftware to FMCG wholesale items, exhibitors like Rysons and CK Supplies aim to entice with irresistible deals.
Autumn Fair 2024 is poised to be an unparalleled retail extravaganza, showcasing the best in gifting, fashion, and home products while championing sustainability and innovation. Retailers can expect to be inspired, delighted, and equipped to meet the demands of the peak season ahead.
Devan Chemicals, a leading figure in pioneering textile solutions, proudly unveils its latest innovation: "Devan Stain Release," a breakthrough in textile finishing technology. Designed with a dual focus on sustainability and performance, this cutting-edge release technology facilitates the effortless removal of both water and oil-based stains.
The new release finish acts as a barrier against stubborn stains such as ketchup, mud, grass, and oils, including tea, vegetable, and corn oils. By preventing these substances from deeply penetrating fibers, Devan Stain Release ensures stains can be easily washed away from the surface, offering consumers peace of mind in their daily textile use.
Roberto Teixeira, Chief Technology Officer at Devan Chemicals, expresses enthusiasm for the market introduction of this innovative technology. Our team's dedication has led to the development of a solution that not only delivers exceptional stain release but also upholds our sustainability commitment, he remarks.
The PFC-free formulation of Devan Stain Release, with 40 per cent bio-based content, underscores the company's eco-conscious approach. Unlike traditional PFC-based alternatives, this technology simplifies application with its ready-to-use feature, eliminating the need for complex mixing processes. Moreover, it maintains fabric softness and does not require reactivation after home laundering at low temperatures.
Applicable across various textile applications, from school uniforms to home textiles, Devan Stain Release not only ensures ease of maintenance but also prolongs fabric lifespan, aligning with the ethos of sustainable consumption.
Devan Chemicals remains steadfast in its dedication to innovation and sustainability, striving to redefine industry standards and cater to evolving consumer demands globally.
Devan Chemicals, a leading figure in pioneering textile solutions, proudly unveils its latest innovation: "Devan Stain Release," a breakthrough in textile finishing technology. Designed with a dual focus on sustainability and performance, this cutting-edge release technology facilitates the effortless removal of both water and oil-based stains.
The new release finish acts as a barrier against stubborn stains such as ketchup, mud, grass, and oils, including tea, vegetable, and corn oils. By preventing these substances from deeply penetrating fibers, Devan Stain Release ensures stains can be easily washed away from the surface, offering consumers peace of mind in their daily textile use.
Roberto Teixeira, Chief Technology Officer at Devan Chemicals, expresses enthusiasm for the market introduction of this innovative technology. Our team's dedication has led to the development of a solution that not only delivers exceptional stain release but also upholds our sustainability commitment, he remarks.
The PFC-free formulation of Devan Stain Release, with 40 per cent bio-based content, underscores the company's eco-conscious approach. Unlike traditional PFC-based alternatives, this technology simplifies application with its ready-to-use feature, eliminating the need for complex mixing processes. Moreover, it maintains fabric softness and does not require reactivation after home laundering at low temperatures.
Applicable across various textile applications, from school uniforms to home textiles, Devan Stain Release not only ensures ease of maintenance but also prolongs fabric lifespan, aligning with the ethos of sustainable consumption.
Devan Chemicals remains steadfast in its dedication to innovation and sustainability, striving to redefine industry standards and cater to evolving consumer demands globally.
In a pioneering stride towards sustainable fashion, Jack & Jones and Spinnova have unveiled their latest collaboration: a vibrant t-shirt crafted from Spinnova fiber. This product marks a significant milestone as the first commercially available item stemming from Spinnova and Suzano’s Woodspin facility, a joint venture established in 2023.
Boasting a captivating floral backprint and available in three distinct colors – bright white, butter cream, and black – the t-shirt showcases a blend of 30 per cent wood-based Spinnova fiber, 45 per cent cotton, 20 per cent organic cotton, and 5 per cent elastane.
This innovative garment epitomizes Jack & Jones commitment to eco-conscious practices and marks their second venture into Spinnova fiber utilization, following the successful launch of men's trousers in October 2022. Representing the largest production volume of Spinnova fiber in a commercially available product to date, this t-shirt is available at selected Jack & Jones stores, online on jackjones.com, and through various wholesalers.
The collaboration between Spinnova and Bestseller, parent company of Jack & Jones, began in 2020, with the latter being the first to integrate Spinnova fiber into consumer products in 2022. Allan Jung Thorboll, International Buying Manager at Jack & Jones, expressed excitement about the partnership, stating that at Jack & Jones, they strive for a better way of making clothes. He highlighted Spinnova as a crucial ally in their sustainability journey.
With this second product launch, Jack & Jones solidifies its position as a global leader in sustainable fashion, pushing boundaries and redefining industry norms for a greener future.
In a significant move, the 80th Annual General Meeting of Lenzing AG, held on Thursday, April 18, 2024, saw the discharge of members from both the Managing and Supervisory Boards for the 2023 financial year. Additionally, the remuneration for Supervisory Board members for the 2024 financial year was established pre-emptively. KPMG Austria GmbH Wirtschaftsprufungs- u. Steuerberatungsgesellschaft secured the role of auditor for both the annual and consolidated financial statements for the fiscal year 2024.
Election results were also announced, marking transitions within the Supervisory Board. Markus Furst stepped down from his position at his own behest, having served since 2021. Cornelius Baur was elected as a new member, while Melody Harris-Jensbach’s tenure was extended until the 2028 General Meeting. The Supervisory Board now comprises ten members, with Cord Prinzhorn, MBA, elected as Chairman and Stefan Fida as Deputy Chairman in the subsequent constitutive meeting.
These developments reflect strategic shifts within Lenzing AG’s leadership structure, with an emphasis on continuity and fresh perspectives. The inclusion of new members and the extension of mandates signal a commitment to diverse expertise and sustained governance. Such changes could potentially influence the company's direction and decision-making processes in the coming years.
With the opening of 215 new stores, the retail sector in India expanded by 44 per cent during Q4 FY2-23-24 compared to the preceding quarter.
As per IndiaRetailing Insights, this growth could be attributed to various factors, including strategic timing with festive periods like Makar Sankranti, Pongal, and Holi, which typically witness heightened consumer spending. Berry Singh, COO,
Ace Turtle, notes, retailers often strategically align store openings with these festivities to leverage increased consumer activity. Moreover, Q4 presented an opportunity for retailers to expand their presence ahead of the new financial year.
Anshuman Magazine, CEO, CBRE India, highlights, 2023 witnessed record leasing activity in the retail sector, with notable increases in prime retail space absorption across major cities. This leasing boom, reaching a historic high of 7.1 million sq ft, contributed significantly to the retail space demand, especially in newly completed malls.
Region-wise, the North and West regions experienced substantial growth in new store launches, with a 57 per cent and 55 per cent increase respectively in Q4 compared to the previous quarter. Meanwhile, the South region saw a slight decline of 2 per cent, while the East region nearly doubled its store launches, indicating emerging retail potential in that area.
Several prominent brands contributed to the surge in store openings during Q4, including international names like, Gap, Levi’s, H&M, and Louis Philippe. The retail landscape also witnessed significant acquisitions and partnerships, with Reliance Brands acquiring the UK-based Asos, while Tata Group's Misbu announced its entry into North India.
In terms of fundraising, various direct-to-consumer (D2C) brands and retail players secured significant investments totaling over Rs 1,105 crore in the fourth quarter.
