Home textiles business update, August 2021
This report provides information, analysis and valuable insight into developments relating to the global home textiles industry and market in the following categories: acquisitions, divestments and mergers; certification; corporate social responsibility (CSR); corporate strategy; environmental sustainability; events; investments; joint ventures, cooperation, licensing and distribution; markets; new facilities; and traceability. Companies, other organisations and brands examined in this report include Accelerating Circularity, Bed Bath & Beyond, Brooklyn Bedding, Devan, Freudenberg Performance Materials, Inter IKEA Group, Lenzing, Lowe’s, Mitsui USA, Pratesi, PurThread, SFERRA, Soft-Tex International (Soft-Tex), Stainmaster, Tarkett, The Walmart Foundation, TreeToTextile, and Williams-Sonoma.
- SUMMARY
- ACQUISITIONS, DIVESTMENTS AND MERGERS
- Lowe’s has acquired the Stainmaster brand from Invista
- Luxury linens brand SFERRA has acquired Pratesi
- CERTIFICATION
- Devan’s R-Vital Multivitamin finish has been certified as being compliant with standard 100 by Oeko-Tex
- CORPORATE SOCIAL RESPONSIBILITY (CSR)
- A record number of facilities have been certified as being compliant with the Global Organic Textile Standard (GOTS)
- IKEA has renewed its partnership with the World Wildlife Fund (WWF) until 2025
- Tarkett will fully recycle the materials from all post-consumer waste carpet tiles which it sources from the UK
- Williams-Sonoma has set new targets relating to social responsibility in its supply chain
- CORPORATE STRATEGY
- Bed Bath & Beyond has announced plans to launch a number of its own brands in order to boost company growth
- Soft-Tex International has established a new subsidiary in order to serve international markets
- ENVIRONMENTAL SUSTAINABILITY
- Freudenberg Performance Materials has developed a tool called the Eco-calculator to help its customers choose products based on their sustainability credentials
- EVENTS
- Heimtextil has launched a digital materials library
- Regenerative Crops
- Remade Fibres
- Harvesting Waste Streams
- Sustainable Colour
- INVESTMENTS
- The Walmart Foundation has awarded Accelerating Circularity a grant of US$1.2 mn
- JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
- Mitsui USA and PurThread have extended their distribution agreement relating to antimicrobial textile products
- MARKETS
- US imports of made-up textiles were down in value but up in volume in 2020
- NEW FACILITIES
- Brooklyn Bedding is building a new manufacturing facility and corporate headquarters in Arizona, USA
- Soft-Tex has opened a new distribution and production facility in Texas, USA
- TreeToTextile will invest Euro35 mn in the construction of a facility in Sweden which will
- manufacture a new, affordable and environmentally sustainable cellulosic fibre
- TRACEABILITY
- Lenzing has launched a traceability platform for its Tencel branded fibres and its Lenzing EcoVero branded fibres
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