It ain't fashion, if it ain't sustainable

Amit Gautam

Acquisition / Traceability

8 December 2022

3 minutes

The TextileGenesis platform captures shipments across 5-6 supply tiers, from sustainable fibre-origin to retail i.e. 'fibre forwards' approach to traceability and not garment-backwards.

First Big Traceability Acquisition: Lectra Acquires Majority Stake in TextileGenesis for €15.2

Traceabilty sector just got the first big push as Lectra reported acquisition of 51% of the capital and voting rights of TextileGenesis for a whopping €15.2 million. The TextileGenesis system creates radical transparency from fibre to retail, and ensures authenticity & provenance of sustainable textiles against generics.

By

Staff Writer

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Tracing Wool / Sheep Inc Interview

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