Latest M&As, Investments, Facilities, & CSR Updates

DUBLIN, March 17, 2023 (GLOBE NEWSWIRE) — Textiles Intelligence Ltd.’s Global Apparel Markets: Business Update, 2023 – Part One report. was added ResearchAndMarkets.com Offer.

This report provides information, analysis and valuable insights into developments related to the global apparel industry in the following categories: acquisitions, divestitures and mergers; business news; environmental compatibility; joint ventures, collaboration, licensing and distribution; market forecasts; and textile recycling plants.

Brands, companies, other organizations and initiatives featured in this report include: Authentic Brands Group (ABG), BlockTexx, Consortium Circular and Sustainable Textiles and Clothing (CISUTAC), Euratex, Horizon Europe, Qore, Ted Baker, The Lycra Company and Worn Again Technologies.

Who should buy this report?

• Manufacturers of fibers, textiles, clothing and chemicals

• Textile and Garment Machinery Manufacturers – Spinning, Weaving, Knitting, Sewing and Import/Export

• Textile and clothing brands and retailers such as Adidas, H&M etc.

• Educational institutions such as universities, fashion schools etc.

• management consulting firms

• Textile and Clothing Trade Associations

• State Professional Associations

SUMMARY

ACQUISITIONS, DIVESTITURES AND MERGERS

Authentic Brands Group (ABG) has acquired fashion brand Ted Baker

BUSINESS NEWS

ENVIRONMENTAL SUSTAINABILITY

JOINT VENTURES, COLLABORATION, LICENSING AND DISTRIBUTION

MARKET FORECAST

The story goes on

TEXTILE RECYCLING PLANTS

• BlockTexx has opened a textile recycling facility in Queensland, Australia, capable of recycling cotton and polyester blend fabrics

• Worn Again Technologies has secured a £27.6m investment to build a textile recycling facility in Winterthur, Switzerland

SUMMARY

ACQUISITIONS, DIVESTITURES AND MERGERS

• CAD/CAM technology specialist Lectra has acquired Gerber Technology

• Consumer-to-consumer (C2C) app developer for apparel resale, Depop, has been acquired by Etsy for a total of $1.6 billion

• Gap has acquired an e-commerce start-up called Drapr as part of its digital transformation strategy

• Levi Strauss & Co has acquired beyond yoga

CORPORATE SOCIAL RESPONSIBILITY (CSR)

CORPORATE STRATEGY

ENVIRONMENTAL SUSTAINABILITY

• Renewcell and Kelheim Fibers have collaborated to build a commercial scale production line

• The Waste and Resources Action Program (WRAP) has launched a ten-year sustainability program called Textiles 2030

INVESTMENTS

• Biotechnology company Spiber has secured 34.4 billion (US$300 million) in funding to ramp up production and capitalize on commercial opportunities around the world

• The Infinited Fiber Company has secured an investment worth EUR 30 million

• Renewcell has secured investments worth SKR 311 million (US$36.9 million) to build a textile recycling plant

• Resale as a Service (RAAS) provider The Renewal Workshop (TRW) has secured $6 million in investments

JOINT VENTURES, COLLABORATION, LICENSING AND DISTRIBUTION

• Asos and Nordstrom have entered into a joint venture agreement to develop the HIIT, Miss Selfridge, Topman and Topshop brands in the United States and Canada

• HeiQ and The Lycra Company have formed a joint venture to develop new fibers, fabrics and textile innovations

• ISKO and Soorty have formed a joint venture to develop fabric and apparel collections

• Lenzing and Sodra have signed a cooperation agreement to expand their pulp production capacity from post-consumer waste

• Supermarket chain Asda has partnered with online retailer Missguided

• YKK and Green Theme Technologies (GTT) have entered into a license agreement regarding GTT’s EMPEL technology

NEW FACILITIES

• BlockTexx has begun construction of a new textile recycling facility in Australia that will be the first of its kind in the country

• Online clothing retailer Asos has invested £14 million (US$19 million) in a new tech facility in Belfast, UK

• Teijin Polyester has built a facility to convert used polyethylene terephthalate (PET) plastic bottles into polyester chips

TRACEABILITY

companies mentioned

For more information about this report, visit https://www.researchandmarkets.com/r/ivtlnz

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