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Events News

Texworld Paris 2016: 16 Bangladeshi firms to exhibit

Apparel ResourcesJuly 19, 2016

The 2016 edition of Texworld Paris, a globally renowned fashion exhibition, is all set to open gates on September 12. Organiser of the fair, Messe Frankfurt has informed that this time 16 Bangladeshi fabric and garment companies – Akij Textile Mills, Monno Fabrics, Denim Expert, Anthony Young Garments, Centex Textile and Apparels, Century Apparels, Chorka Textile, DK Knitwear, JM Knitwear, Jericho Imex Ltd., MK Sweaters Ltd., Nazia Apparels, Needle Fashion, Sinha Knit Industries, and Unitex Attires – will participate at the four-day show.

Also Read – Messe Frankfurt postpones Texworld and Apparel Sourcing shows

A global range of fashion products from other major manufacturing countries such as China, South Korea, India, Indonesia, Taiwan, Thailand, Turkey and Pakistan will also be displayed at the fair, which provides an important platform to the exhibitors, as global brands will be on a lookout for new collections for the next winter and summer seasons.

About 950 manufacturers will display innovations in denim, embroidery, lace, functional fabrics, knitted fabrics, linen, hemp, prints, shirting, silk, silky aspect, wool, wool blends and more at Texworld Paris 2016.

Tech Retail Tech News

Lectra launches Fashion PLM V5

Apparel ResourcesJune 29, 2016

Lectra Fashion PLM — Image Courtesy: weconnectfashion.com

Lectra, the world leader in integrated technology solutions dedicated to industries using fabrics, leather, technical textiles and composite materials, has launched ‘Lectra Fashion PLM V5’, the newest version of its product life-cycle management solution which aims to boost overall production efficiency by extending its process coverage to pre-production stages.

Céline Choussy Bedouet, CMO, Lectra averred, “To help our customers deliver profitable, on-trend collections within increasingly tight time constraints, we need to go one step further by accompanying them in their pre-production processes with both our technology and industry expertise. Clearing potential roadblocks right from the start ensures efficiency in the later production stages.”

Also Read – Erpo to save 5% material with Lectra Versalis

The latest version of the software, which is tailor-made for brands and retailers, will provide greater visibility of fabric and product cost management processes, while assisting in optimizing profitability by enabling the companies to run multiple cost simulations concurrently. Furthermore, the software will stimulate estimation of fabric consumption for future collections, helping reduce fabric waste while production.

Lectra fashion PLM V5 is equipped with a brand new series of mobile applications, which will aid in accelerating the decision making process of the brands and retailers while providing an app for the designers to aid in quick media transfers. The software is integrated with Adobe® Creative Cloud and Adobe® Creative Suite to make provisions for the design teams involved.

Business Retail News

Dior to get new Creative Head

Apparel ResourcesJune 24, 2016

French luxury goods company, Dior is expected to announce Maria Grazia Chiuri, who is currently associated with Valentino, as its new Creative Head, after Raf Simons left the position open. According to grapevine, the news of her appointment is likely to be made early next month, following the label’s couture show.

At Valentino, Maria is working along with Pierpaolo Piccioli. They took over at Valentino in 2007 after the brand’s namesake founder, Valentino Garavani, called it a day! The design duo’s chic designs for the brand have been loved all around the globe, especially their accessories have reached to new heights altogether.

Also Read – Gianni Versace names new CEO

If makes the cut, Maria will be the first female Creative Director in Dior’s 70-year history. Moreover, the ace designer will face the challenging task of changing the fashion label’s direction and get it back to profit making route as it has been noticing slipping sales in the recent past.

Dior designs and retails luxury products like ready-to-wear, leather goods, fashion accessories, footwear, jewellery, etc. while also maintaining its tradition as a creator of recognized haute-couture. While the Christian Dior label is largely for women’s offerings, the company also operates the Dior Homme division for men and the baby Dior label for children’s wear.

Business Trade Data News

Lectra appoints its Marketing Chief to EC

Apparel ResourcesJune 24, 2016

Lectra, the world leader in integrated technology solutions dedicated to industries using fabrics, leather, technical textiles and composite materials, has appointed Céline Choussy Bedouet, Chief Marketing and Communications Officer, to its Executive Committee, effective July 1, 2016.

“Céline’s experience, demanding nature, expertise, as well as her knowledge of our market segments have made Lectra’s marketing a strategic asset. This has been demonstrated by the many initiatives she has successfully undertaken over the last three years,” asserts Daniel Harari, Lectra CEO and Chairman of the Executive Committee. “By reinforcing the Executive Committee, Lectra will be in a stronger position to attain the 2016 objectives and prepare for the future. Céline will play a critical role in Lectra’s next strategic cycle, which will be presented in February 2017,” he adds.

Also Read – Odlo deploys Lectra’s CAD/CAM solutions

The marketing division’s development is an essential component of the company’s strategic roadmap and transformation plans launched at the end of 2011 and supported by an investment of € 50 million throughout 2012-2015 for the future… The company release mentions that Lectra’s market position has been strengthened through a range of innovative solutions, worldwide marketing and communications campaigns in the fashion, furniture, and automotive industries, with even more impact.

“I am honoured and delighted to be appointed to the Executive Committee, especially given that Lectra is preparing to announce its 2017-2019 roadmap, which will enable us to reach the next step in our development. I am pleased and proud to be able to contribute to innovative projects that are being planned, all the while understanding the importance of the new mission I have been given,” avers Céline Choussy Bedouet.

Business Retail News

French luxury label to enter Indian market

Apparel ResourcesJune 24, 2016

Longchamp Store — Image Courtesy: longchamp.com

Longchamp, a France-based luxury leather goods brand will soon be making its way to the Indian market with its first store opening in the Capital of the country, New Delhi, where the brand’s popular products like Le Pliage Heritage, Penelope, Roaseau and Le Pliage Cuir bags along with other accessories will be made available for purchase.

The reports suggest that the brand will be franchised in India through DOIT Retail Brands. Radha Kapoor, Founder & Director – DOIT Retail Brands while elaborating about the brand’s luxury values and quality, states products that the company’s products are simple yet classy, which allows it cater to a larger base of consumers.

Also Read – Denim label True Religion expanding footprint

Longchamp seems to be expanding its reach beyond the Capital as it has reportedly zeroed upon Mumbai, Chennai and Bangalore, to open more stores there.

Founded in 1948 and headquartered in Paris, Longchamp has over 300 stores across the globe, with another 1,500 Points of Sales. The label is known for its products like leather handbags, footwear, fashion accessories and more.

Business Trade Data News

Mayhoola buys French Fashion House Balmain

Apparel ResourcesJune 23, 2016

Balmain Store — Image Courtesy: insituandpartners.com

It’s been around four years since Mayhoola For Investments bought Italian fashion label Valentino…, and now the Qatar’s investment fund has purchased French fashion house Balmain. “After completing this transaction Mayhoola for Investments will hold 100 per cent of Balmain’s capital,” said the merger and acquisitions company Bucephale Finance.

Media reports claim that Mayhoola has paid Euros 485 million or US $ 546 million to completely acquire the fashion house, which is 70 per cent held by the successors of the former CEO Alain Hivelin who died in December 2014, with the remaining 30 per cent held by management.

Also Read – Luxury fashion retailer Neiman Marcus records low sales

Reportedly, Mayhoola will now look at development of an accessories line along with increasing international presence of Balmain, which was started in the year 1945 by designer Pierre Balmain and has passed through several hands and periods of financial trouble over the years. At present, Balmain has around 10 boutiques across the globe, including one in New York since April this year.

Qatar Fund will look forward to open stores in Middle East, and other emerging markets around the world.

Business Trade Data News

Invengo acquires Tagsys

Apparel ResourcesJune 15, 2016

Invengo, global RFID technology manufacturer has acquired Tagsys’ RFID Textile Services and its Industrial and Logistics Tag division with the motive of expanding in the European textile sector. It has also set up a new division, Invengo Textile Services (Acuity) in France.

The acquisition is beneficial for both the companies as Invengo plans to strengthen its market in Europe, specifically in the textile sector while reaching out to health-care and hospitality companies, whereas Tagsys will benefit from Invegos’ design and manufacturing abilities and will give them a chance to partner with one of the top five RFID companies while they can focus on retail and luxury goods.

Also Read – Coats completes Fast React and Gotex acquisitions

The acquisition includes Tagsys’ Acuity platform, which consists of ultrahigh-frequency (UHF) tags (LinTrak, BluTAG and Mutrak), RFID reader stations (such as the u-Door and eWay), and servers for industrial laundry applications in Europe, where the textile leasing is a large and growing market which includes washing services, primarily for hotels, hospitals and other health-care institutions and industrial enterprises.

Tech Manufacturing Tech News

Workwear manufacturer Mulliez-Flory selects Gerber’s YuniquePLM

Apparel ResourcesMay 25, 2016

France-based Mulliez-Flory, which produces workwear for the automotive, travel, transportation, food, energy, public service, luxury, hospitality, gardening and human services industries, has selected YuniquePLM software from Gerber Technology, the world leader in integrated software and automated solutions for the apparel and industrial markets.

Thrilled to work alongside one of the most seasoned companies in France, Bill Brewster, Vice President and General Manager of Enterprise SW said, “With our team of industry experts in France and Europe, we are able to deliver the most innovative solutions as well as responsive support,” adding, “By having information and communication in one location, companies of all sizes are able to reduce errors, miscommunication and ultimately increase their speed to market.”

Also Read – Update Alert! Gerber upgrades YuniquePLM software

The software will help the workwear manufacturer better manage its entire value chain, from creation to delivery. “We produce, on average, over 3,500 prototypes every year across more than 30 manufacturing facilities. Communication between our production and design teams with our vendors is absolutely crucial. YuniquePLM will enable us to reduce sample creation time and reduce errors across all of our sites,” said Jacques Gindre, CEO of the company.

Tech Manufacturing Tech News

Lectra helps Freedman Seating increase production

Apparel ResourcesMay 18, 2016

Lectra, the world leader in integrated technology solutions dedicated to industries using fabrics, leather, technical textiles and composite materials, is supporting Chicago-based Freedman Seating, a vehicle seat manufacturer, to increase its production capacity so as to meet the growing demand for upholstered seating products. “Our business is growing rapidly, and our production needs to keep pace with that growth. We would have trusted no one else other than Lectra to help us deliver high-quality, well-matched transportation upholstery fast,” asserts Craig Freedman, President, Freedman Seating.

After studying and understanding the needs of the company, Lectra recommended it a solution combining a second Vector cutter and Mosaic software, which ensures that patterned pieces match perfectly when assembled and thereby saves time and gives manufacturers the flexibility to better manage the diversity of patterned fabrics. Mosaic automatically compensates for any distortion and adjusts the cutting path, the technology provider mentioned.

Also Read – HMT chooses Lectra’s FocusQuantum® OPW laser technology

“Over the years, we have developed a deep understanding of our customer’s business, and that experience has made us a reliable, trusted business partner,” avers Jason Adams, President, Lectra North America, adding, “The resulting solution of two Vector cutters, coupled with Mosaic, not only doubles Freedman Seating’s production capacity, but it also gives the company the ability to scale its cutting room as demand continues to increase.”

Tech Retail Tech News

Cofel gains momentum post Centric PLM implementation

Apparel ResourcesMay 17, 2016

Cofel Bedding — Image Courtesy: centricsoftware.com

France-based market leader in mattress and bedding production Cofel has successfully deployed Centric PLM suite. The implementation of the software is an extension of the best practices applied at Cofel and part of the new commercial strategy of the Group, the press release informed.

Marion Deridder, Marketing Director – Cofel explains, “We were looking for a PLM solution to better optimize our product range and ensure cost effectiveness. Our choice gravitated towards Centric because they are the global market leader in PLM solutions. Centric 8 PLM allows us to streamline exchanges by grouping together information and documents in a single tool, accessible by all departments concerned,” adding, “Post the implementation of Centric 8 PLM, we are more rigorous with product development and production, and are optimizing lead times and quality. Centric is also allowing us to standardize practices between our five production sites and is providing quick visibility into different product development via dashboards.”

Also Read – Chinese sportswear retailer opts for Centric Software

Centric Software is a leading PLM solutions provider for fashion, retail, luxury and consumer goods companies. Commenting on successful venture with Cofel, Chris Groves, CEO of Centric said, “We are delighted with the success of Cofel’s Centric 8 project, which is a confirmation of our commitment to Cofel and to the market. We are excited to help this growth-oriented business with the next stage in its strategy.”

Business Sustainability News

Kering reduces water usage by 19%, meets other sustainability targets

Apparel ResourcesMay 4, 2016

François-Henri Pinault, CEO Kering — Image Courtesy: yimg.com

Kering, the French holding Group of labels like Alexander McQueen, Balenciaga, Brioni, Gucci, Puma, Volcom, Saint Laurent Paris, and other luxury, sport & lifestyle brands, had committed to a set of sustainability targets. Commemorating the end of target period, the Group has released heartening details of its sustainability-related initiatives. The report also outlines the rationale for the targets, the key sustainability projects and innovations implemented across the Group’s brands throughout the 2012-2016 period, as well as the ongoing challenges faced within supply chains, and the fashion industry more broadly.

Also Read – Levi, H&M high on global index of transparency of standards

For luxury bovine leather, and precious skins and furs, increased traceability has been realised 91 per cent of the target chalked out. Sourcing from EU-based production systems enabled a high quality of leather with a lower environmental footprint. For paper and packaging, the attainment of 81 per cent overall – and 85 per cent related to paper – goes on to illustrate that luxury requirements can be met with more sustainable solutions. For the efficiency targets, the focus was across the entire supply chain given that 93 per cent of impacts were realised, resulting in reduction of carbon emissions by 11 per cent, 16 per cent decreased waste and 19 per cent less water usage, which equals 44 per cent, 64 per cent and 76 per cent, respectively, of targets-achieved.

François-Henri Pinault, Chairman & CEO of Kering averred, “We will continue to enhance and expand our sustainability efforts to accelerate change in our own business and across the industry, particularly through our open-sourcing philosophy.” The statement released by the company quoted, the analysis highlighted that in order to become a more sustainable business, there was a clear need to go beyond the original targets and include a broader range of raw materials including cashmere, wool, silk and cotton. Kering will announce the next phase of its sustainability strategy, including the redefinition of its Sustainability Targets, at the end of 2016.

Business Retail News

Hermès reports 6.2% surge in Q1 income

Apparel ResourcesApril 28, 2016

Hermès Store — Image Courtesy: butterboom.com

French manufacturer of lifestyle accessories, luxury goods and ready-to-wear products, Hermès has posted 6.2 per cent rise in its consolidated revenue for the first quarter of the ongoing fiscal year 2016 to US $ 1.35 million dollars. The Group’s stores noted sales growth of 8 per cent.

Also Read – Prada’s Asia-Pacific sales dip by 16%

Country-wise, sales of Hermès’ products in Japan soared by 13 per cent; Asia region (excluding Japan) reported 4 per cent surge. The growth in this area is driven by strong increase in sales in Mainland China. Besides this, sales in the American market increased by 4 per cent and Europe with 9 per cent growth.

The company states that its growth in the reporting quarter was backed by the success of leather goods and saddlery segment, which registered 15.4 per cent rise in business. On the contrary, the ready-to-wear and accessories division was down slightly by 1.9 per cent, due to the economic slowdown in some countries, like France. The silk and textiles business line also witnessed sluggishness with 9.2 per cent decline in sales, driven mainly by slowing sales in Greater China, Europe and America.

Also Read – Gucci’s parent company Kering posts rise in revenue

Hermès has also restated that its 2016 sales growth could land well below its medium-term target of 8 per cent (on constant exchange rates), considering the global economic slowdown.

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