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Issue
52: February 2023

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Global apparel markets: business update, February 2023 |

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