Press Releases

MONTRÉAL AND WINSTON-SALEM: Gildan Activewear Inc and HanesBrands Inc Wednesday announced that they have entered into a definitive merger agreement under which Gildan will acquire HanesBrands. This transaction implies an equity value of approximately $2.2 billion and an enterprise value2 of approximately $4.4 billion for HanesBrands, based on the...

ATLANTA, U.S.: Softwear Automation, the pioneer in autonomous sewing technology, today announced the successful close of its $20 million Series B1 funding round, marking a major milestone in its mission to revolutionize sewn goods manufacturing. The round was led by a strategic investment from Bestseller, the Danish fashion company behind brands...

SINGAPORE: Nibertex, a leading deep-tech manufacturing company specialising in PFAS-free waterproof and breathable textile membranes, today announced the successful closure of its US$7 million Series A funding round. The round was led by Southeast Asian venture capital firm TNB Aura, with participation from existing investors Asian Development Bank...

Pushing the Recycling Agenda: Techtextil India Announces Strategic Tie-Pp for Launching ‘ReCycle Zone’

MUMBAI, INDIA: In a major push to advance circularity and environmental accountability in the technical textiles sector, Techtextil India 2025 will launch the dedicated ‘ReCycle Zone’ in collaboration with the Society of Plastics Engineers India...

SEOUL, South Korea: Temu, the global e-commerce platform, has signed a memorandum of understanding (MOU) with the FITI Testing & Research Institute as part of its ongoing efforts to strengthen product quality oversight.

Under the agreement, FITI will provide third-party testing services for textile and apparel products offered on Temu. This...

LAS VEGAS, U.S.: Nature Coatings, an award-winning biochemical company turning wood waste into high performing black pigments, on Thursday announced a major milestone: Levi’s has expanded the use of BioBlack into mainstream denim lines. The integration from one of the world’s most iconic fashion brands underscores BioBlack’s global scalability and...

Amsterdam, Hong Kong, Oakland: Cascale on 5 August released the Better Buying 2025 Garment Industry Scorecard, a benchmark tool that tracks year-over-year progress in brand and retailer purchasing practices across the global apparel sector. Based on anonymous input from over 1,200 suppliers during the 2025 Better Buying Purchasing Practices Index...

YILDIRIM, TÜRKIYE: Durak Tekstil will be exhibiting R&D and brand power to the global market with the technical threads developed for occupational safety and worker health at the A+A 2025 Düsseldorf, which they will be attending for the first time after the pandemic.

Yiğit Durak, stating that they aim to meet with industry professionals and...

SHANGHAI, CHINA: Following China's textile industry demonstrating strong resilience and growth, the global textile community will gather at Intertextile Shanghai Apparel Fabrics – Autumn Edition from 2 – 4 September 2025. Recent official data highlights this momentum: textile companies with annual main business revenue of over USD 2.8 million saw a...

Mumbai, India: Grasim Industries’ Cellulosic Fashion Yarn business has launched Raysileco, a transformative offering under the trusted Raysil brand, featuring sustainable Viscose Filament Yarn (VFY) that is fully traceable to its origin. Produced from wood pulp, responsibly sourced from certified, sustainably managed forests, Raysileco upholds...