Fibre2Fashion

French fashion company SMCP reported a 5 per cent decrease in Q1 FY24 sales, totalling €287 million (~$307.2 million), amid challenging market conditions, particularly in China. The company plans to close 100 stores mainly in China and aims for a 10-12 per cent EBIT margin by 2026. Efforts to enhance efficiency include leveraging technology. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dwa33vMS

Welspun Living reported an FY24 revenue of ₹98.251 billion, marking a 19.6 per cent increase, with the textile sector contributing ₹90.63 billion. The annual EBITDA was ₹15.147 billion, showing a substantial growth of 73.3 per cent. In Q4 FY24, revenue rose to ₹26.167 billion, a 19.2 per cent increase YoY. Profit after tax for the quarter was ₹1.460 billion. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/diGDAZAG

Louis Vuitton unveils the women’s Prefall 2024 Voyager collection at Shanghai's Long Museum. Nicolas Ghesquière's collaboration with artist Sun Yitian combines past influences with future creativity. The collection showcases vibrant looks with playful animal motifs, contrasting prints, and signature accessories such as the Petite Malle and Twist bags. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dZe4Bs4c

PUMA and Mercedes-AMG PETRONAS F1 Team collaborated with Mad Dog Jones for a collection inspired by Miami's Thermal Vision. It merges the raw energy of motorsport with visionary artistry, creating wearable masterpieces that embody both speed and style. Each piece embodies racing precision and contemporary artistry, symbolizing timeless excellence and creativity. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dtxJMpDc

The European Commission yesterday proposed new rules—negotiated with Canada—to help SMEs use investment dispute resolution under the CETA trade pact. The rules streamline and simplify dispute resolution procedures. They also contain built-in protections for the state to ensure that the expedited procedure is used by those who need it most and to avoid abuse. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d7EErKmy

Cash-strapped banks are slowly bouncing back from liquidity crunch on cash feeding by Bangladesh Bank, the central bank, which has handed out a record amount to the bankers, as per reports. The improvement is basically reflected in two key liquidity-measuring indicators -- the volume of excess liquidity in banks and uninvested cash in vaults. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dFtP-B-Q

Clariant reports a 40 million ton CO2e reduction in 2023, aided by catalyst products. Their catalysts enable carbon savings in steel and nitric acid production. Clariant invests in energy transition technologies, advancing blue hydrogen and sustainable fuels. The company also commits to reducing its own environmental impact, aligning with climate targets for 2030. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/d96JgwK3

Kenya and US are inching closer to reaching a trade deal, Kenya’s Investments, Trade and Industry cabinet secretary Rebecca Miano has hinted. Speaking at this year’s American Chamber of Commerce in Kenya (AmCham) 2024 Business Summit, Rebecca Miano emphasised progress in the discussions, suggesting a potential deal before the US November elections. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/daG9Fzdv

ICE cotton experienced mild losses over the week, with weakened market confidence and reduced demand impacting prices. The July contract dropped to 80.90 cents per pound, and the December contract settled at 77.31 cents, reflecting broader declines. Trading volumes were significantly low, indicating decreased activity. Open interest showed a slight decline. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/duE67Hpf

Sainsbury's reported FY24 group sales of £36.33 billion, up 3.4 per cent YoY. Retail sales increased 6.8 per cent to £30.61 billion. Clothing sales dropped by 6.4 per cent, reflecting challenges in the apparel market. Underlying profit before tax rose 1.6 per cent to £701 million, while statutory profit before tax fell 15.3 per cent to £277 million. #Fibre2Fashion #f2f #apparel #textile #fashion #textileindustry #f2fnews Read more here: https://lnkd.in/dykXmY-r