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Global apparel markets: business update, January 2022

Published Jan 01, 2022
Length 22 Pages
SKU # TXI16946592

Description

Global apparel markets: business update, January 2022

This report provides information, analysis and valuable insight into developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; corporate social responsibility (CSR); corporate strategy; environmental sustainability; investments; joint ventures, cooperation, licensing and distribution; new facilities; and traceability. Brands, companies, other organisations and initiatives featured in this report include: Asos, BlockTexx, C&A, Depop, Gap, Gerber Technology, Green Theme Technologies (GTT), HeiQ, Higg, Infinited Fiber Company, The International Accord for Health and Safety in the Textile and Garment Industry (International Accord), Kelheim Fibres, Lectra, Lenzing, Levi Strauss & Co, The Lycra Company, Missguided, Nordstrom, The Renewal Workshop (TRW), Renewcell, Sӧdra, Spiber, Teijin Polyester, the Waste and Resources Action Programme (WRAP), YKK and Zalando.

Table of Contents

22 Pages
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
CAD/CAM technology specialist Lectra has acquired Gerber Technology
Consumer to consumer (C2C) apparel resale app developer Depop has been acquired by Etsy for a total of US$1.6 bn
Gap has acquired an e-commerce start-up company called Drapr as part of its digital transformation strategy
Levi Strauss & Co has acquired beyond Yoga
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Leading textile and apparel brands have signed the International Accord for Health and
Safety in the Textile and Garment Industry (International Accord) to ensure global factory and labour safety standards
CORPORATE STRATEGY
C&A will expand its partnership with Zalando’s Connected Retail platform
ENVIRONMENTAL SUSTAINABILITY
Renewcell and Kelheim Fibres have collaborated in the construction of a commercial-scale production line
The Waste and Resources Action Programme (WRAP) has established a ten-year sustainability programme called Textiles 2030
INVESTMENTS
Biotechnology company Spiber has secured ¥34.4 bn (US$300 mn) in funding to scale up production and exploit commercial opportunities globally
Infinited Fiber Company has secured Euro30 mn worth of investment
Renewcell has secured Skr311 mn (US$36.9 mn) worth of investment for the construction of a textile recycling plant
Resale as a service (RAAS) provider The Renewal Workshop (TRW) has secured US$6 mn worth of investment
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
Asos and Nordstrom have entered into a joint venture agreement to develop the HIIT, Miss
Selfridge, Topman and Topshop brands in the USA and Canada
HeiQ and The Lycra Company have formed a joint venture to develop new fibres, fabrics and textile innovations
ISKO and Soorty have formed a joint venture to develop fabric and garment collections
Lenzing and Södra have entered into a cooperation agreement to expand their capacity for producing pulp using post-consumer waste
Supermarket chain Asda has entered into a partnership with online retailer Missguided
YKK and Green Theme Technologies (GTT) have entered into a licensing agreement relating to GTT’s EMPEL technology
NEW FACILITIES
BlockTexx has started construction of a new textile recycling facility in Australia which will be the first of its kind in the country
Online clothing retailer Asos has invested £14 mn (US$19 mn) in a new technology facility in Belfast, UK
Teijin Polyester has constructed a facility to convert post-consumer waste polyethylene terephthalate (PET) plastic bottles into polyester chips
TRACEABILITY
Technology Company Higg has launched a traceability program for textile supply chains
How Do Licenses Work?
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