Global apparel markets: business update, November 2022
This report provides information, analysis and valuable insight into developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; circularity; investments; joint ventures, cooperation, licensing and distribution; market forecasts; and new facilities. Brands, companies, other organisations and initiatives featured in this report include: Archroma; CleanKore; Epic Group; the European Apparel and Textile Confederation (Euratex); Fashion for Good; Inditex; Indorama Ventures (IVL); Infinited Fiber Company; Polybion; Recover; Stony Creek Colors; and Sysav.
- SUMMARY
- ACQUISITIONS, DIVESTMENTS AND MERGERS
- Indorama Ventures (IVL) has acquired the yarn division of Tollegno 1900
- CIRCULARITY
- Epic Group and CleanKore have entered into a joint venture agreement to scale up
- CleanKore’s patented yarn dyeing technology
- Euratex has launched an initiative called ReHubs which aims to recycle 2.5 mn tons of textile waste a year by 2030
- Fashion for Good has launched a new pilot operation, called Sorting for Circularity Project, which relates to the recycling of textile waste
- INVESTMENTS
- Infinited Fiber Company has secured more than Euro100 mn worth of investment from Inditex relating to the supply of Infinna Fibre
- Polybion has secured US$4.4 mn worth of investment to scale up production of its Celium artificial leather material
- JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
- Archroma and Stony Creek Colors have signed a partnership agreement relating to the production of a plant-based indigo dye called IndiGold
- Recover and Sysav have signed a partnership agreement relating to the recycling of post-consumer textile waste
- MARKET FORECASTS
- Consumer expenditure on clothing and footwear in the Americas is forecast to grow by 2.8% per annum between 2021 and 2026
- NEW FACILITIES
- Infinited Fiber Company has selected a site for a Euro400 mn facility for producing Infinna fibre
- List of tables
- Table 1: Americas: consumer expenditure on clothing and footwear, selected markets, 2017-26
- List of figures
- Figure 1: Clothing from the Infinited Fiber x Zara collection
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