Press Releases

New York, U.S.: Una Terra, a Swiss-based early growth impact investment manager, is investing $2M in Another Tomorrow, a B-Corp certified sustainable luxury ready-to-wear collection and platform, as part of their Series A financing round. Una Terra, also a B-Corp, is committed to scaling circular economy solutions addressing biodiversity loss and...

Espoo, Finland: Technology and fashion company Infinited Fiber Company has successfully completed a two-part development financing round totaling 40 million euros, with significant investments from new investors Inditex, TTY Management, Youngone and Goldwin, in addition to existing ones.

The new investors are Inditex Group, the parent company of...

Zwingenberg / Neuried (Germany): Brain Biotech AG, leading provider of solutions for the biologization of industry, and AMSilk GmbH, a global leader in advanced materials made from spider silk-based proteins, announce the successful completion of the first phase of a development collaboration. After a year of working together, they have...

Helsinki, Finland: Spinnova Plc and Suzano S.A. have signed a Letter of Intent (LOI) regarding a potential new production facility for wood-based Spinnova fibre. Spinnova and its partners will deliver the fibre production technology to Suzano, who will be the owner and operator of the new production facility. The preliminary target capacity of the...

Brussels, Belgium: In the context of the EU Pact for Skills, EURATEX is proud to launch an EU co-funded project under ERASMUS+ Programme to support the up-skilling and reskilling in the textile, clothing, leather and footwear (TCLF) sectors.  The new project, AEQUALIS-4-TCLF, brings together 19 partners mainly from Eastern and Northern Europe[1] wh...

Last week, global standards organization ASTM International signed a memorandum of understanding (MoU) with the Federation of International Hemp Organizations (FIHO).

The agreement was signed at ASTM International’s Brussels office by Sara Gobbi, ASTM International’s director of European affairs, and Frederic Vallier, FIHO’s secretary general.

The...

Stockholm, Sweden: eComID announces the successful closure of an oversubscribed €2.75 million pre-seed round, positioning the company at the forefront of empowering retailers to minimize product returns through its cutting-edge AI-powered platform. CapitalT led the funding round backed by a follow-on investment from H&M Group Ventures, and...

LOS ANGELES / SAN FRANCISCO, U.S.: Gap Inc. and Ambercycle have announced efforts to leverage textile-to-textile recycled materials in Athleta products. Ambercycle's cycora regenerated polyester is a high-performance material created from end-of-life textiles that seamlessly replaces conventional polyester. Starting in 2026, Athleta – a Certified B...

Paris, France: The 10th OECD Forum on Due Diligence in the Garment and Footwear Sector took place in Paris last week. Part of the Forum’s 3 day agenda was a closed door roundtable session, organised by the Sustainable Terms of Trade Initiative (STTI) and the OECD. The session convened key stakeholders, including policy makers, industry leaders from...

New Delhi, India: KH House of Khaddar, a leading sustainable fashion label renowned for its commitment to heritage craftsmanship and eco-conscious practices, is thrilled to announce the launch of its latest collection, Loominaire. This collection epitomizes comfort and boldness, infusing a modern twist into classic suiting to create a perfect...