Global apparel markets: business update, February 2023

15 pages, published in Issue 52, February 2023   Report price: Euro 305.00; US$ 400.00

This report provides information, analysis and valuable insight into developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; business news; environmental sustainability; joint ventures, cooperation, licensing and distribution; market forecasts; and textile recycling facilities. Brands, companies, other organisations and initiatives featured in this report include: Authentic Brands Group (ABG), BlockTexx, the Circular and Sustainable Textiles and Clothing (CISUTAC) consortium, Euratex, Horizon Europe, Qore, Ted Baker, The Lycra Company, and Worn Again Technologies.

SUMMARY


ACQUISITIONS, DIVESTMENTS AND MERGERS

• Authentic Brands Group (ABG) has acquired fashion apparel and accessories brand Ted Baker

BUSINESS NEWS

• European textile trade bodies are calling for a substantial cap on the price of gas to save the European textile industry

ENVIRONMENTAL SUSTAINABILITY

• Horizon Europe is funding a project called CISUTAC which aims to support the European textile and apparel industries in transitioning to a circular economy

JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION

• The Lycra Company has entered into a partnership agreement with Qore to produce Lycra fibre made using bio-based materials

MARKET FORECASTS

• Consumer expenditure on clothing and footwear in Europe is forecast to grow by an average of 5.3% per annum between 2022 and 2026

TEXTILE RECYCLING FACILITIES

• BlockTexx has opened a textile recycling facility in Queensland, Australia, which is capable of recycling fabrics comprising blends of cotton and polyester
• Worn Again Technologies has secured £27.6 mn worth of investment to construct a textile recycling facility in Winterthur, Switzerland

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Global Apparel Markets provides intelligence, analysis and insight on the global apparel industry.

What's in it? Each issue contains: essential information on trade and trade policy; news from leading brands, companies and other organisations; analysis of key geographical markets; and expert opinions on strategy. A single issue of Global Apparel Markets includes: practical and strategic advice from industry experts a report on a key geographical market a round-up of the latest product innovations a feature on trade and trade policy comprehensive information on the latest business developments An annual subscription to Global Apparel Markets is a cost-effective way to keep informed about trends and developments in the global apparel industry. Subscriptions are available in printed and/or digital formats. Printed and digital subscribers receive each issue in printed format in addition to a digital PDF file, which is available immediately on publication. Subscribers also receive a complementary digital subscription to Global Apparel Update, delivered directly by email once a month. This free supplement contains essential information on business news and the latest product developments. Like all Textiles Intelligence publications, Global Apparel Markets is a reliable source of independently sourced business information, and it does not carry advertising. This is what our customers say: "if the first edition of Global Apparel Markets is an indication of what is to follow, it should soon establish itself as a must read publication for those of us associated with this continuously changing industry" (Derek Dickins; Prime Source Forum)