Updates

The two-day Global Fashion Summit: Copenhagen Edition centred around the theme 'Alliances for a New Era' came to a close 8 June with leaders coming together to foster pre-competitive collaboration within the fashion industry and examine atypical cross-industry alliances, in a bid to accelerate the transition to a net positive industry. texfash.com reports.

Renewed pandemic impacts and factors like the Russia-Ukraine war leading to high food and fuel prices and tighter financing clouding the FDI horizon, UNCTAD foresees that the growth momentum of 2021 cannot be sustained and that global FDI flows in 2022 are likely to move on a downward trajectory, at best remaining flat.

The Apparel Impact Institute (AII) has announced the lead funders in its new $250 million Fashion Climate Fund. A first-of-its-kind collaborative funding model for fashion could unlock an estimated $2 billion in blended capital across various asset classes, to help meet the industry's goal to halve carbon emissions by 2030.

An open-source playbook that offers a one-stop guide for fashion brands wanting to accelerate sustainable transformation with digital traceability was launched during a side event of the ongoing Global Fashion Summit: Copenhagen Edition. A texfash.com report.

In a bid to accelerate the fashion industry’s response to climate change, the just-released GFA Monitor is a guide for fashion leaders to work towards a net positive fashion industry.

The business of bio-based materials gets stronger as yet another player steps into the market with the launch of Covation Biomaterials by the Chinese conglomerate, Huafon Group.
 

The American Association of Textile Chemists and Colorists' (AATCC) Concept2Consumer Student Design competition saw four winners showcase their creative design and problem-solving skills in textile/apparel design for the theme adaptive travelwear that incorporates recycled materials and sustainable manufacturing.

As the world goes phygital, Amazon Style is the latest fashion offering in brick-and-mortar from retail giant Amazon with a customer-friendly high-tech experience.

An online platform that allows ITMA 2023 participants to build connections, source technologies and solutions, share ideas and grow their business has been introduced by CEMATEX - the European Committee of Textile Machinery Manufacturers and owner of ITMA 2023.

The two-day Denim Première Vision (DPV) at the avant-garde yet historical city of Berlin concluded on a high note with trade professionals from more than 40 countries ensuring a 30% increase in visitors as compared to the last edition.