Indian e-commerce and consumer internet companies have raised over $7 billion in private equity (PE) and venture capital (VC) in 2018, says a report by advisory firm EY. The report says majority of the funding is towards building supply chain, expanding into new segments, global expansion, acquisition or consolidation, and bringing innovative product offerings to the market. Launched recently at the IVCA Conclave 2019 in New Delhi, the report, titled ‘E-commerce and Consumer Internet Sector

Crystal International has joined as one of the new associate partners of Global Fashion Agenda. By taking part in a dynamic platform for industry players to join forces on sustainability, the Group could leverage the partnership to drive progress by working hand in hand with other companies with the same vision on a journey towards a sustainable future. Pic: Crystal International Global Fashion Agenda is the foremost leadership forum for industry collaboration on sustainability in fashion, w

Prior to the annual general meeting of the publicly traded company Lenzing scheduled for April 17, 2019, the nomination committee has proposed to appoint new members to its supervisory board. As an innovation leader in speciality fibres, Lenzing is a partner of global textile and nonwoven manufacturers and drives many new technological developments. Pic: Lenzing The company has proposed that the annual general meeting appoint Christian Bruch to serve on the supervisory board. Bruch has been

Leveraging the backbone of ABC Depot Logistics, the exclusive 3PL and procurement arm for Netease/Kaola North America, the Showcase USA Store model provides North American companies a seamless method to manage all aspects for cross border e-commerce process. The model is fully customisable, one-stop solution that helps companies launch their products in China. Pic: Showcase USA Cross-border e-commerce is dramatically transforming the way foreign brands penetrate the Chinese market. In 2018 a

The Board of Directors of Unifi has elected Albert P. Carey, currently the company’s non-executive chairman, as its executive chairman, effective April 1, 2019 and has appointed Thomas H. Caudle, Jr. as the company’s principal executive officer effective immediately. Unifi is a leader in manufacturing synthetic and recycled performance fibres. Pic: Unifi Caudle previously served as the company’s principal executive officer from April 2016 to May 2017 and will continue to serve as a director

TSG Consumer Partners, a leading private equity firm focused exclusively on the branded consumer sector, has taken over CorePower Yoga (CPY) from L Catterton. Terms of the transaction have not been disclosed. CorePower Yoga is the fastest growing and largest yoga fitness studio operator in the US with a mission to bring benefits of yoga to yoga enthusiasts. Pic: CorePower YogaCorePower Yoga offers a variety of yoga classes, convenient schedules and reciprocity across all its studios, and dig

Covestro will present a new solution for breathable yet waterproof outdoor textiles based on its Insqin technology at the European Coatings Show 2019 and Techtextil 2019. The coatings are purely water-based. Outdoor clothing is designed to keep joggers and hikers dry when it’s raining, but also to allow water vapour from sweat to escape to the outside air. Pic: Covestro More and more buyers are also looking for outdoor textiles that are sustainable. All three of these requirements are met b

This year the show returned to the Southeast. © Messe Frankfurt/ Techtextil North America Techtextil North America took place last month in Raleigh, NC. Moving the show from its 2017 location in Chicago back to the Southeast proved popular among the industry, making the 2019 edition the highest attended odd-year show to date, according to the organisers. The event brought 165 exhibitors to the Raleigh area from North America and beyond, and total attendance grew to 3,185 – showing a 52% incr

In 2018, the Better Cotton Initiative (BCI) experienced a historic level of uptake, as 93 retailer and brand members sourced more than one million metric tonnes of Better Cotton – that’s enough cotton to make around 1.5 billion pairs of jeans. Better Cotton uptake increased by 45% on the previous year, and at the end of 2018, retailer and brand member sourcing of Better Cotton accounted for 4% of global cotton consumption. By integrating Better Cotton into their sustainable sourcing strategie

Eltex will present Eltex EYE yarn fault detection system for tufting machines at ITMA 2019 expo, in hall 4, stand B104. The world’s leading international textile and garment technology exhibition will be held from June 20-26, 2019, in Barcelona, Spain. Eltex is the leading provider of yarn break sensors and yarn tension monitors headquartered in Sweden. Pic: Eltex Beta testing of the latest advanced version of the Eltex EYE yarn fault detection system for tufting machines is currently under