Home textiles business update, August 2021

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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