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Global Apparel Update
Issue 168: February 2023

Product Overview
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Product Overview   

Global Apparel Update is an executive briefing, supplied in digital format. Each month, we report on the latest news from the international apparel market.
What's in it?

Global Apparel Update contains independent research, insight and analysis on product innovations and business developments from the international apparel market. Topics regularly featured include:

  • acquisitions, divestments and mergers
  • additives
  • artificial leather materials
  • chemical recycling
  • circularity
  • colour trends
  • corporate social responsibility (CSR)
  • cotton
  • denim
  • dyes
  • environmental sustainability
  • fibres
  • financial results
  • footwear
  • investments
  • joint ventures, cooperation, licensing and distribution
  • market forecasts
  • new facilities
  • trace technology
  • treatments and finishes
  • wearable technology

It also contains news from brands, companies, and other organisations, such as: Alchemie Technology, Archroma, Asos, Avery Dennison, bluesign technologies, CleanKore, Cone Denim, Eastman, Euratex (the European Apparel and Textile Confederation), Fashion for Good, Fast Retailing, Gap, Gildan Activewear, H&M Group, Haelixa, HeiQ, Higg, Huntsman Textile Effects, Hyosung, Inditex, Indorama Ventures (IVL), Infinited Fiber Company, Invista, Lenzing, Nilit, Noble Biomaterials, Oeko-Tex, Pantone, Polybion, Recover, Shein, Stony Creek Colors, Teijin Frontier, The TJX Companies, Thai Acrylic Fibre, VF Corporation, Zalando, and ZDHC Foundation.

Like all Textiles Intelligence publications, Global Apparel Update is a reliable source of independently sourced business information, and it does not carry advertising.

Contents

PRODUCT DEVELOPMENTS AND INNOVATIONS

  • Archroma has developed a range of environmentally sustainable dyes called FiberColors which are made using materials derived from textile waste
  • Ralph Lauren has developed a Cradle to Cradle Certified Gold standard cashmere sweater and launched a cashmere recycling programme
  • Garmon Chemicals has developed an environmentally sustainable and affordable neutralising agent called Avol Orange for use in the finishing of denim

BUSINESS UPDATE

  • Asos: group revenues in the first four months of 2022/23 were down by 4%
  • H&M Group: net sales in 2021/22 were up by 12%
  • Levi Strauss & Co: net revenues in 2021/22 were up by 7
  • Fairbrics has secured Euro22 mn worth of investment to scale up its production of polyester fabric made using materials derived from carbon dioxide (CO2)
  • Consumer expenditure on clothing and footwear in Africa and the Middle East is forecast to grow by 3.1% per annum between 2022 and 2027