Faircraft raises $15.8 million to accelerate development of lab-grown leather goods

January 17, 2025  |  Company News, News

Faircraft, a Paris, France-based technology start-up that specializes in creating lab-grown leather, has announced a $15.8 million fundraising round. The round was backed by investment funds, including Kindred Ventures in the U.S.; Cap Horn in France; BPI in France; Sake Bosch in the Netherland…
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Ross Stores donate $850,000 for disaster relief and recovery in response to California wildfires

January 16, 2025  |  Company News, News

Ross Stores Inc., a retailer headquartered in Dublin, Calif, announced Jan. 13 that the company has pledged $850,000 of donations to local and national organizations, including the American Red Cross, United Way of Greater Los Angeles and the Los Angeles Regional Food Bank, providing disaster rel…
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Reclaimed Cleaning Textiles acquires United-Southern Waste Material Company

January 16, 2025  |  Company News, News

RTCM Holdings Inc. (dba Reclaimed Cleaning Textiles, dba World Wear Project), a family of textile recycling and distribution companies, announced the purchase of United-Southern Waste Material Company (USW), a Dallas, Texas-based textile recycling and repurposing company. The transaction will establ…
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Applications now open for 2025 ITMF Awards

January 15, 2025  |  Company News, News

The International Textile Manufacturers Federation (ITMF) announced that applications are now open for the 2025 ITMF Awards. There are three categories that companies/organizations can apply for: The deadline for applications is April 30, 2025. The winners will be presented during the ITMF Annual Co…
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Ambercycle and Shenghong partner to scale circular yarns for global apparel brands

January 14, 2025  |  Company News, News

Ambercycle, a circular materials producer based in Los Angeles, Calif., and Shenghong Holding Group, a textile manufacturer based in Shengze, China, have announced a partnership to scale the production of regenerated filament yarns made with cycora® material. “As the industry adopts textile-t…
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Eastman’s Naia earns designation in the Canopy Hot Button Ranking and Report

January 14, 2025  |  Company News, News

Eastman, based in Kingsport, Tenn., announced that its Naia™ cellulosic fibers have earned the dark green shirt designation in the 2024 Canopy Hot Button Ranking and Report for the company’s commitment to protecting endangered forests while driving innovation in next-generation fiber solutio…
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Culp announces financial results for second quarter of FY25

January 13, 2025  |  Company News, News

Culp Inc., based in High Point, N.C., and its consolidated subsidiaries reported financial and operating results for the second quarter of fiscal year (FY) 2025. FY25 second quarter financial highlights “For the second quarter [of FY25], we continued to experience weakened industry demand conditio…
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Heytex acquisition by Freudenberg approved

January 10, 2025  |  Company News, News

Antitrust authorities in Germany, Austria and Poland have approved the acquisition of the core business of Heytex by Freudenberg Performance Materials, the parent company of Mehler Texnologies. Three Heytex production locations in Germany and China and all headquarter-related functions will now beco…
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WTiN announces Innovate Textile Awards 2024 shortlist

January 8, 2025  |  Company News, News

World Textile Information Network (WTiN) has announced the shortlisted companies for the Innovate Textile Awards 2024, a virtual event recognizing excellence and leadership in innovation across the textile and apparel industry. The Innovate Textile Awards showcase outstanding achievements in five ke…
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Recover opens new manufacturing facility in Vietnam

January 7, 2025  |  Company News, News

Recover™, a global producer of recycled cotton fiber and cotton fiber blends headquartered in Madrid, Spain, announced the opening of a new manufacturing facility in Vietnam. Opening this facility is part of the company’s global expansion plan, and it is set to be operational by early 2025. Situ…
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