Press Releases

Rio Rancho, New Mexico, U.S.: Green Theme Technologies, Inc. (GTT), a leader in sustainable textile and materials science, is pleased to announce the successful closing of a $6 million Series C funding round. This funding will accelerate GTT’s mission to transform the textile industry with its EMPEL® high-performance, sustainable technology...

Wilmington, Delaware, U.S.: The Lycra Company, a global leader in developing innovative and sustainable fiber and technology solutions for the apparel and personal care industries, announced today it has launched its latest innovation for pantyhose waistbands, Lycra TOP COMFORT fiber.

In a recent study*, consumers indicated three of the top 10...

BERLIN, GERMany: Giftd, a new clothing gifting app that is set to recirculate unused consumer goods on a large scale, announced raising 535K EUR in an angel round. Among the angel investors are German family offices Thies Network and quantumReality, member of the Berlin Business Angels Club board, and impact-focused investor and accelerator ULTRA...

Milan, Italy: In the third quarter of 2024, the order index for Italian textile machinery, as reported by the Economics Department of ACIMIT, the Association of Italian Textile Machinery Manufacturers, showed a decline compared to the period July – September 2023 (-19%). In value terms, the index stood at 50.6 points (base 2021=100).

This drop is...

Singapore: Paradise Textiles, the material science hub of Alpine Group, has partnered with Kintra Fibers, a leader in bio-based fiber innovation, to create the first garment using Kintra’s groundbreaking proprietary bio-synthetic material. This lightweight jacket serves as a proof-of-concept, representing a crucial milestone in Kintra’s journey...

Singapore: Coolmate, Vietnam's leading e-commerce direct-to-consumer (D2C) men's apparel brand, today announced the completion of its Series B funding round, led by Vertex Ventures Southeast Asia & India. The investment will accelerate Coolmate's international expansion, product innovation and omnichannel retail presence across Southeast Asia (SEA)...

Vilnius, Lithuania: Vinted, Europe’s leading second-hand C2C marketplace focused on fashion, has closed a secondary share sale of €340 million at a valuation of €5 billion.

The transaction, led by TPG, a leading global alternative asset manager, validates Vinted’s opportunity and progress in developing and growing the second-hand market globally. It...

Uzwil, Switzerland: Benninger, a global leader in the development and production of textile finishing systems, designed a jigger for exceptional performance in the field of discontinuous fabric dyeing, ideal for delicate and intricate fabrics. Benninger JigMaster integrates innovative features that allow dyers to improve their processes while...

STOCKHOLM, Sweden: TrusTrace, a global SaaS company with a market-leading platform for product traceability and supply chain compliance, Tuesday announced the launch of its new Deforestation Compliance Solution that helps fashion brands achieve and prove deforestation-free shipments ahead of The Regulation on Deforestation Free Products (EUDR)...

Karachi, Pakistan: AGI Denim teams up with Ecovative, a pioneer in mycelium-based creations to introduce a new concept of combining mycelium leather with denim. This collaboration reimagines textile and fashion through the use of Forager™ Hides, which offer versatile options in texture, density, and finish. Titled "Mushroom Rodeo," this collection...