Walmart Inc has sought approval from Competition Commission of India (CCI) for its proposed acquisition of 77 per cent stake in India’s e-commerce major Flipkart. Walmart said it will buy stake from most of Flipkart’s investors including SoftBank Group, Accel Partners, Naspers and eBay Inc through its subsidiary Wal-Mart International Holdings. Approval of CCI, India’s anti-trust regulator, is needed for mergers and acquisitions beyond a certain threshold. Last week, Walmart signed an agree

The Copenhagen Fashion Summit 2018, which was held on May 15 and 16, 2018, in Denmark, has taken its next big step towards sustainability. The summit launched a brand new component, Innovation Forum, an exhibition space for sustainable solutions, in order to address the urgent need to support and accelerate the decision-making process for fashion businesses. With 50 exhibitors, including some of the most noteworthy sustainable solution providers to the fashion industry, such as ISKOTM, I:C

The 19th edition of Textech will kick-start from September 12, 2018 in Bangladesh. The four-day event will provide an international platform for the exhibitors to interact directly with the buyers/ importers for a perfect buyer - seller meet and a strong under-one-roof market place for the ever-growing textile and garment industry of Bangladesh. "Textech will once again be a great B2B platform with a unique networking opportunity for textile, garment and machinery manufacturers to interact fa

The flame-retardant Duet fabric by British editor, Holland & Sherry has been named as the most attractive CS collection at the Munich Fabric Spring (Münchner Stoff Frühling or MSF), an annual event celebrating interior design and textiles, which was held from March 16 to 19, 2018. Trevira GmbH is an innovative European manufacturer of high-value branded fibres and filament yarns. For the third year in a row, visitors to the MSF could cast their vote on which of the CS collections shown

Flameproofings Ltd., a leader in the flame retardant coating of fabric for upholstery and household textiles, has installed and commissioned a state-of-the-art Bruckner coating plant in its facility in Bolton, UK. The line was sold by Bruckner agent, John Bradley, in UK. The coating line handles energy consumption, productivity, and easy handling. Brückner worked extensively with the Flameproofings team to define requirements and customise the design of the machine to ensure that all expec

More than one million bales of cotton (236,000 metric tonnes) were produced by farms in the Better Cotton licensing programme under the Better Cotton Initiative (BCI) in 2017. This marked the end of BCI’s fourth season in the US. Key to BCI’s rapid growth has been an innovative ‘group assurance’ approach to managing the requirements for participating farms. BCI, a global not-for-profit organisation, is the largest cotton sustainability programme in the world. “We launched in the Unit

Unifi, Inc., a leader in synthetic and recycled performance fibres, has bagged the 2018 UNC sustainability award from Kenan- Flagler Business School’s Centre for Sustainable Enterprise and the Kenan Institute of Private Enterprise. The award recognises leadership and best practices in environmental and business sustainability for North Carolina enterprises. UNC chose Unifi to receive the award because of the company’s strong history of commitment to sustainability, along with its strategic

The Lenzing Group has introduced the eco-responsible process for the production of Lenzing Ecovero branded viscose fibres at its Chinese location, Lenzing Nanjing Fibres (LNF). The company first launched the fibres in autumn 2017. The expansion of the production of Lenzing Ecovero fibres emphasises the focus of the Lenzing Group on specialty fibres. Lenzing Ecovero are derived from sustainable wood and pulp, coming from certified and controlled sources (FSC or PEFCTM certified) following t

Isko, a leading, global denim ingredient brand, is displaying the future of responsible denim at the Copenhagen Fashion Summit (CFS) 2018. The sixth edition of CFS, one of the world’s leading business event on sustainability in fashion, is being held on May 15 and 16, 2018, at Copenhagen concert hall, Denmark. Isko is the principal sponsor of the event. Isko is hosting three events at the summit. The launch of its new Isko Earth Fit collection, the Innovations for Supply Chain Efficiency d

The near-term cost to retailers of US’s exit from North American Free Trade Agreement (NAFTA) is estimated at $15.8 billion, according to a study released recently. The report quantifies the impact of a potential withdrawal of US from the treaty and outlines what changes US retailers should expect in the event that the country exits from the pact. The study called ‘How NAFTA Affects US Retail’ by global strategy and management consulting firm, A.T. Kearney, points to how the American retai