Textile news and archive

Carlyle seeks to sell its stake in Spain-based Jeanologia

Madrid – Following its initial investment in the Valencia-based company in early 2019, US investment firm Carlyle has reportedly decided to fully divest from Jeanologia. Carlyle also holds investments in other prominent Spanish and fashion sector companies, such as Codorniu and the Italian brand Golden Goose. Jeanologia specialises in...

Fashion

South African mohair: production, traceability and industry challenges

Graaff-Reinet (South Africa) - The Karoo, a vast South African semi-desert, is criss-crossed by dirt tracks. These paths lead to several centuries-old farms where angora goats graze, raised for their mohair. The country accounts for over half of the world's production of this natural fibre. Steel blades of pumping windmills are the only things...

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Nextil raises 13.9 million euros in promissory notes following acquisition of Sindutex

Madrid – Spanish textile multinational Nextil has announced the successful completion of its latest debt placement through its promissory note programme on the Alternative Fixed-Income Market (MARF). This financing operation follows the acquisition of a majority stake in the Portuguese company Sindutex. This morning, Nextil Group announced the...

Fashion

H&M Foundation announces Global Change Award 2026 finalists

The H&M Foundation has announced its top 20 finalists for the 2026 Global Change Award (GCA). Selected from 450 ideas submitted from 81 countries across six continents, the innovations from the 20 early-stage finalists are set to be reviewed by the GCA Expert Panel together with the H&M Foundation team. From the 20 finalists, the panel and team...

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What do the election results mean for Bangladesh’s garment and textile sector?

Following the unprecedented unrest of late 2024 and the subsequent interim administration, Bangladesh voted last Thursday and declared results on Friday: The BNP-led alliance won 209 seats and the Jamaat-led bloc secured 68 in the 297 constituencies for which results were declared. For the ready-made garment (RMG) sector—the very heartbeat of...

Fashion

Starting from scratch, textile hemp follows in linen's footsteps

Villepinte (France) - From suits and jeans to flip-flops, hemp, a natural fibre used in textiles for centuries before falling into disuse, is making a comeback. Its advocates hope it will follow the same path in fashion as linen. At the Première Vision trade fair in Villepinte, near Paris, the European Confederation of Flax and Hemp (ALCE) stand...

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Tex-Eco Initiative: future-proofing Indian textile and garment exporters for global ESG compliance

India's Union Budget 2026-27, revealed earlier this week, outlines strategic shifts for the textile and garment industry to enhance its global supply chain role, focusing on value, sustainability and technology. The Tex-Eco Initiative was unveiled as one of the “Integrated Programme for Textiles"' pillars: It is designed to align Indian textile...

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India's textile budget 2026-27: implications for global supply chains

India’s Union Budget was announced on 1st February, summarising estimated revenue and expenditure of the year 2026-27. As it maintains a strong focus on public capital expenditure to support logistics efficiency, urban development and industrial expansion, it has a far reaching effect on many sectors. FashionUnited has summarised the five key...

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Business|Opinion

How the India-EU FTA will level the playing field for the textile and apparel industry

For many garment industry insiders who have navigated the ebb and flow of global supply chains for years, witnessing the formal signing of the India-EU Free Trade Agreement (FTA) on 27th January 2026 seems like the dawn of a new era. For decades, Indian exporters felt as if one hand was tied behind their backs as they faced stiff tariffs while...

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South Asian textiles: End of a competitive advantage? A critical review of the French Treasury's quarterly letter

The quarterly letter published by the French Treasury offers a detailed diagnosis. The textile and apparel industry remains the industrial and social core of the economies of Bangladesh, India, Pakistan and Sri Lanka. As a pillar of exports, a mass employer and a key driver of female employment, the sector has long relied on a simple competitive...

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Nextil welcomes Maxum to capital structure, launches circular fashion vertical NextGreen

Madrid – Nextil Group continues its journey towards growth and improved profitability. The Spanish textile multinational has announced a new strategic agreement with US-based Maxum International Group. This binding partnership strengthens existing ties between the two companies. It guarantees support for the launch and growth of NextGreen, a new...

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Euratex sounds the alarm and calls for an urgent industrial strategy

The European textile and apparel sector comprises 192,000 companies and 1.3 million employees, generating an annual turnover of 167 billion euros. The industry is now warning of an imminent loss of competitiveness. In a joint statement issued in Brussels on November 11, 2025, Euratex (the European Apparel and Textile Confederation) and...