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An association covering the PET lifecycle from manufacturing to conversion into packaging, Petcore Europe says, post-consumer garments need to be designed with recyclability in mind as they represent almost 85 per cent of the textile waste in EU.
The association has published a position paper on the EU’s Ecodesign for Sustainable Products Regulation (ESPR) which came into force in July 2024. It emphasizes on the need to improve collection efforts, establish mandatory EU-wide harmonized sorting guidelines, implement pre-processing infrastructure to convert collected textile waste to consistent usable feedstock both, mechanical recycling and depolymerisation processes.
These critical measures are vital for securing the viability of recycling facilities, ensuring the industry can achieve the ambitious targets set by the ESPR Ecodesign framework, says Petcore.
The economic and social impact of textile recycling is undeniable. It helps the industry generate employment, support local industries and, ultimately, become economically self-sustaining, the organization argues
Noting the need for extended producer responsibility schemes, Petcore says, these schemes would help make waste prevention, reuse and recycling targets accountable. They need to provide financial support for the collection, sorting, preparation for recycling, and recycling, it adds.
The association advocates a mandatory minimum of 20 per cent recycled content in garments, specifically post-consumer recycled polyester, by 2030. It also supports an initiative for digital product passports for polyester textiles that provide meaningful information on a product’s environmental footprint, composition, repairability, and recyclability.
Additionally, producer responsibility for garment take-back schemes and ensuring proper traceability for upcycling needs to be made mandatory, the association emphasizes. The position paper also calls for a reduction on textile exports to the Global South.
Polyester industrial yarn imports are likely to witness a slight decline in 2025 compared to 2024, as per US customs data. This anticipated decline would primarily result due to increased domestic production of high-modulus low-shrinkage (HMLS) industrial yarns. Conversely, with overseas inflation easing and demand rising, industrial yarn exports are projected to grow, though the year-over-year growth rate may be lower due to the high export volume in 2024.
In 2024, polyester industrial yarn imports rose by 5.9 per cent Y-o-Y to 21,300 tons, while exports increased by 7.6 per cent Y-o-Y to 559,600 tons. Both imports and exports experienced positive growth.
Vietnam remained the top supplier of polyester industrial yarn to the US in 2024, accounting for over 60 per cent of imports each month, with shares exceeding 90 per cent in February, September, and November. Total imports from Vietnam reached 17,000 tons, a 4.9 per cent increase (800 tons) from 2023, with Vietnam's overall share around 80 per cent, slightly down 1 percentage point from 2023.
Regarding exports, all months in 2024, except March, showed positive year-over-year growth, contributing to overall export growth. November saw the lowest export volume (41,500 tons), while January recorded the highest (51,900 tons).
The significant export volume increase in 2024 was partly due to the EU's anti-dumping duties implemented in May 2023. These duties led to lower export volumes from May to December 2023. As the impact of the duties lessened, export volumes rebounded in 2024, with exports to EU countries increasing by 11.2 per cent Y-o-Y. Additionally, rebounding overseas demand and active export market expansion by domestic companies led to a 6.7 per cent Y-o-Y increase in exports to non-EU countries.
The top ten export destinations remained largely consistent with 2023, with minor shifts in rankings and shares. These ten countries accounted for approximately 61 per cent of total exports in both 2023 and 2024. The United States remained the largest export market, with its share increasing from 10 per cent in 2023 to 11 per cent in 2024. South Korea maintained its share around 10 per cent, while Turkey's share decreased by 1 percentage point to 7 per cent. Vietnam and Belgium saw improved rankings, while Russia, Canada, and Germany experienced declines. Brazil and India held steady.
Downstream demand for industrial yarn is primarily concentrated in the automotive, infrastructure, and transportation sectors, with strong demand from developed countries in Europe and America, as well as significant demand from developing countries.
Finance Minister Nirmala Sitharaman will present the Union Budget 2025-26 on February 1, with expectations running high, especially in the textile and MSME sectors. Reports suggest potential income tax relief for individuals earning up to Rs15 lakh, a move that could benefit the middle class.
Rajeev Gupta, CEO of RSWM Limited, outlined key demands from the textile industry to enhance cost competitiveness and viability. He stressed the need to liberalize raw material imports, citing that Indian firms pay higher prices due to quality control orders (QCOs) on man-made fibres (MMF) and yarn. Reducing customs duties on MMF fibres and essential chemicals would ensure a more competitive market.
Gupta also highlighted concerns about the Production-Linked Incentive (PLI) scheme, which currently applies only to synthetic fibres. Extending PLI across the entire textile industry would drive investments. He urged the reinstatement of the Technology Upgradation Fund Scheme (TUFS) to support machinery upgrades.
Further, he recommended replacing the MSP-based cotton procurement system with a Direct Benefit Transfer (DBT) model, improving farmers’ liquidity. A Cotton Price Stabilisation Fund and extended credit limits for cotton procurement would help mitigate price volatility.
Lastly, Gupta called for deferring Section 43B(h) of the IT Act, which taxes companies on unpaid MSME invoices after 45 days. He argued that textile production cycles exceed this timeframe, disrupting industry operations. A phased rollout of this rule, he suggested, would allow better adaptation.
H&M Hennes & Mauritz AB posted solid financial results for the fourth quarter and full year of 2024, marking growth in key metrics despite macroeconomic challenges.
For the fourth quarter (September 1–November 30, 2024), the group's net sales reached SEK 62,193 million, slightly down from SEK 62,650 million in the same period last year. However, in local currencies, net sales grew by 3 per cent. Gross profit rose to SEK 33,942 million, resulting in a gross margin of 54.6 per cent, up from 53.7 per cent in Q4 2023. The operating profit increased to SEK 4,624 million, corresponding to an operating margin of 7.4 per cent. This growth was driven by strong online sales, successful women’s fashion collections, and effective cost control. The result after tax nearly doubled, amounting to SEK 3,081 million (SEK 1.92 per share) compared to SEK 1,569 million (SEK 0.97 per share) in Q4 2023.
For the full year (December 1, 2023–November 30, 2024), net sales totaled SEK 234,478 million, slightly down from SEK 236,035 million in 2023. However, local currency sales grew by 1 per cent. Gross profit increased by 4 per cent, reaching SEK 125,299 million, and the operating profit grew by 19 per cent to SEK 17,306 million, with an operating margin of 7.4 per cent. Earnings per share rose 34 per cent to SEK 7.21. Cash flow from operating activities increased by 26 per cent, reaching SEK 36,745 million, despite a decline in cash and cash equivalents to SEK 35,756 million.
The group also highlighted its progress in sustainability, with a 23 per cent reduction in scope 3 emissions compared to 2019 levels. Looking ahead, H&M plans to invest SEK 11–12 billion in CapEx for 2025, focusing on store optimization and supply chain improvements. The company will also open its first store in Brazil by late 2025.
CEO Daniel Erver expressed confidence in the company's direction, emphasizing continued focus on core business growth, customer experience, and sustainability efforts. Despite economic uncertainty, H&M remains well-positioned for future growth with its diversified supply chain and ongoing digital and product innovation.
Bemberg, the premium regenerated cellulose fiber produced exclusively by Asahi Kasei in Japan, continues to redefine luxury and sustainability in textiles. Celebrating nearly a century of innovation, Bemberg remains at the forefront of eco-conscious fashion, offering a unique blend of design, comfort, and responsible luxury. Derived from cotton linters in the cottonseed oil process, Bemberg not only supports circular economy practices but also guarantees transparent sustainability credentials.
At Milano Unica 2025, several leading textile companies spotlight Bemberg’s exceptional properties through innovative fabric collections. Among the highlights, Bardazzi Jersey presents a bi-stretch jersey, Nomura Fabric, a 92 per cent Bemberg and 8 per cent Elastane blend, perfect for sleek, figure-hugging designs. Brunello’s SS26 collection features Bemberg in luxurious jacquard and twill fabrics, combining silk-like elegance with impeccable comfort. Gianni Crespi Foderami expands Bemberg’s versatility with fabrics ideal for both technical performance and premium outerwear, including 100 per cent Bemberg fabrics like Saglia 1050 WR.
Infinity emphasizes sustainable luxury through shirting and formalwear, with Bemberg key to creating elegant matte chains and refined silk blends. Inovafil’s yarnsranging from 100 per cent Bemberg to luxurious Bemberg and cashmere blendsset new standards in fashion and performance. Meanwhile, Jackytex highlights Bemberg in their luxurious fabrics that combine sustainability with style, reducing water and energy consumption.
Lanificio Faliero Sarti continues to showcase Bemberg’s premium value, incorporating the fiber in high-end fabrics like Maddalena and Elmira. Manifattura
Pezzetti, renowned for its linings, blends Bemberg with silk and cotton, offering versatile, sustainable solutions. Marchi&Fildi sets a new luxury standard with innovative cupro and silk yarns.
From technical to fashion-forward designs, Bemberg continues to push boundaries in sustainable innovation. Explore these exciting fabric innovations at Milano Unica 2025, Hall 13, Booths D15/D21, and more.
Toni Ruiz, CEO, Mango will soon replace Isak Andic, Founder and Owner, as the brand’s new Chairman.
Andic's son, Jonathan Anic will serve as the brand’s new vice-president while Manel Adell, Former CEO, Desigual will join the company as an independent board member.
Having positioned itself as a premium retailer with higher prices than its rival, the Inditex-owned Zara, Mango plans to expand into the US market.
Having joined as the General Director of the brand in 2015, Ruiz will continue to expand its operations with an aim to reach €4 billion ($4.16 billion) in sales by 2026.
In 2023, the unlisted Barcelona-based company, with a presence in more than 120 markets, reported sales of €3.1 billion in 2023.
PDS has announced its financial results for Q3 and 9M FY25, showcasing sustained growth. The company also revealed a strategic expansion move with the acquisition of a 55 per cent stake in Knit Gallery India Pvt Ltd (KGIPL) for Rs41 crore. This acquisition strengthens PDS’s presence in India’s textile sector, diversifying its sourcing footprint.
Founded in 2001, Knit Gallery is a leading apparel manufacturer in Tirupur, specializing in baby wear, children’s wear, nightwear, and innerwear. With 14 manufacturing units and a production capacity of over 40 million pieces annually, KGIPL serves customers across Germany, the US, and the UK. PDS’s investment aligns with its strategy to mitigate geopolitical risks while expanding its manufacturing presence in India. The acquisition will be finalized by May 2025.
PDS reported a 26 per cent year-on-year revenue growth in 9M FY25, reaching Rs9,052 crore. North America drove this expansion with 70 per cent growth. The company’s gross merchandise value for 9M FY25 stood at Rs13,737 crore, up 31 per cent from Rs10,521 crore last year. Profit after tax (PAT) for the quarter increased 66 per cent to Rs43 crore, while 9M PAT rose 22 per cent to Rs167 crore. PDS also maintains a healthy order book of $425 million.
Executive Vice Chairman Pallak Seth emphasized that the acquisition enhances PDS’s manufacturing capabilities while reinforcing its commitment to the ‘Make in India’ initiative and sustainable manufacturing. Group CEO Sanjay Jain highlighted the company’s focus on cost optimization and operational efficiencies, ensuring long-term growth.
With strong financial performance and strategic expansion, PDS continues to strengthen its global presence while driving innovation and sustainability in the textile and apparel industry.
Rajasthan-based manufacturer of cotton yarn, knitted fabrics and woven fabrics, Nitin Spinners plans to double its woven fabric capacity with an investment of Rs 100 crore over the next two years. The expansion will be executed at the company’s existing facility in Chittorgarh district, Rajasthan.
Dinesh Nolkha, Chairman and Managing Director, says, the expansion is being driven by high utilization rates by the firm. To alleviate these capacity constraints, the company aims to diversify its product portfolio, and add fashion fabrics. Its newly added capacity will help generate an additional Rs 1,000 crore in revenue.
Nolkha anticipates cotton and yarn prices will remain stable as over the past year cotton prices have declined by 15 per cent and yarn prices by almost 10 per cent.
Nitin Spinners experienced sluggish demand in 2023, particularly in cotton yarn exports. However, international demand is now gradually recovering, with European markets stabilizing and the US market showing signs of resurgence. The company has seen particularly strong demand for a variety of textile products in the US. The domestic market has remained stable, with recent large orders received by garment exporters from international brands further boosting domestic demand.
In Q3, FY25 spanning October-December 2024, Nitin Spinners reported revenue of Rs 838 crore, a profit margin of 13.9 per cent m and a profit after tax of Rs 44 crore.
International B2B tradeshow for yarns and fibers in Italy, Filo plans to launch its new capsule collection of original fabric prototypes at Milano Unica, to be held at Rho Fiera Milano, from February 4-6, 2025.
Produced by Filo, the collection has been developed by using yarns from its exhibiting companies, and is inspired by its Collages Product Development Proposals launched in December 2004.
The Filo Capsule Collection embodies the contribution of all Filo participants including spinners, dyers, finishers, embroiderers, and weavers. A key feature of this high-quality collection of original fabric prototypes is its complete traceability, offering transparency from yarn to finished fabric.
Designed for textile professionals, including designers, buyers, and international brands, the Filo Capsule Collection demonstrates the potential of the exceptional yarns showcased by Filo exhibitors.
LVMH Moët Hennessy Louis Vuitton SE is divesting its stake in the eponymous brand Stella McCartney, returning ownership to the brand's founder. This move comes as the luxury conglomerate streamlines its portfolio amidst a slowdown in the high-end market.
British fashion designer Stella McCartney will repurchase the minority stake from LVMH, concluding a five-year partnership. She will continue to advise LVMH on sustainability initiatives, a key area of focus for her brand, known for its commitment to animal-free and eco-conscious designs.
The sale precedes LVMH's upcoming earnings report where analysts anticipate a 1.04 per cent decline Q4, FY25 sales, primarily due to weakened demand in China. The divestment also follows other recent moves by LVMH, including the sale of the company owning the Off-White label in September and its stake in Cruise Line Holdings Co last year. LVMH's DFS division also shuttered a luxury department store in Venice in November.
As per the brand’s latest financial reports, previously operated Gucci’s parent company, Kering, Stella McCartney reported sales a decline in its sales to approximately £40 million in 2023 from $50 million in 2022 besides an operating loss of around £8.8 million.
