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MarediModa, the leading fair for beachwear, underwear, and athleisure sectors, will take place from November 5 to 7 at the Palais des Festivals in Cannes. This year’s event promises over one hundred collections of fabrics and accessories from Europe, alongside a variety of workshops, trend forecasting sessions, and exhibitions showcasing exclusive designs and contract manufacturing.
An unmissable opportunity
Claudio Taiana, President of MarediModa, emphasizes the fair's significance in today's uncertain textile landscape, noting that the event serves as a benchmark for excellence, creativity, and innovation. He highlights that, twenty-two years after its inaugural edition, MarediModa remains committed to fostering a collaborative environment where attendees can discover the finest European textile collections across diverse sectors. Taiana points out the industry's increasing focus on contamination and fluidity in fashion, urging designers to opt for fabrics that are not only technical and creative but also sustainably sourced.
David Shah will present the trend forecasting theme ‘Waterworld’ for summer 2026, featuring style directions through two sessions on November 5 and 6. His talks will delve into the depths of oceanic themes, exploring how water inspires beauty and creativity. Attendees will also gain exclusive access to the Trend Book 2026 and a presentation video, enriching their understanding of upcoming beach, intimate, and athleisure trends.
Spotlight on young designers
A standout feature of the fair is ‘The Link,’ which highlights collections from emerging talents at Europe's leading fashion schools. Young designers will showcase their innovative concepts in beachwear, underwear, and athleisure, culminating in a fashion show on November 6. Finalists include Matilde Balduzzi (Italy), Sebastian Cruciantu (Romania), and Moises Rivero Galvan (Spain) for beachwear; Beghim Genghiz (Romania), Marianna Luca (Italy), and Lucia Trabazos (Spain) for intimates; and Alessia Marenghi (Italy), Aurora Scorrano (Italy), and Nicolai Vulpe (Romania) for athleisure.
MarediModa continues to foster creativity with the Flash project, showcasing how fabrics transform into prototypes, while Seam highlights the craftsmanship of contract garment makers. The ATH Project will present athleisure garments designed by ISGMD, featuring innovative fabrics that anticipate future trends in sportswear.
The MarediModa Creative Excellence Awards 2024 will honor Melissa Odabash and Aguaclara for their contributions to the beachwear and underwear markets. Melissa Odabash, known for blending high fashion with swimwear, and Aguaclara, celebrated for its creative prints and sophisticated designs, represent the pinnacle of industry innovation and responsibility.
Sustainability focus
The Lycra Company will showcase its bio-derived LycraEco Madefiber at the event, emphasizing sustainability in beachwear and swimwear. Alistair Williamson will discuss this innovative fiber on November 5, highlighting its renewable content and performance benefits. Attendees can also experience a VR tour demonstrating the fiber's production process, reinforcing the industry's shift toward eco-friendly practices.
On November 6, Sensil will present its advanced fiber solutions designed for a sustainable future. This session will showcase how precision and expertise in fiber production elevate garments, ensuring they meet the demands of conscious consumers.
MarediModa promises an enriching experience, emphasizing creativity, innovation, and sustainability, essential for industry professionals navigating today’s textile landscape.
New Yorkers strolling along Fifth Avenue on Halloween morning were greeted by an unusual sight, a facade of massive, stackable Louis Vuitton trunks covering the flagship store at 1 East 57th Street. This unconventional display was set up to cover construction for a new Louis Vuitton flagship that will significantly expand the brand’s presence along the luxurious stretch of Billionaire’s Row.
The new building will nearly double the footprint of the previous store, signaling Louis Vuitton’s commitment to maintaining a prominent spot in one of the world’s most coveted retail locations. Designed by Louis Vuitton’s in-house team, the colossal trunk installation brings the brand’s iconic luxury trunks to an exaggerated scale, sparking intrigue among locals and tourists alike.
Provocative display draws social media attention
Louis Vuitton’s trunk facade has created a stir across social media platforms, with Reddit users debating the design’s architectural style. Some describe the installation as a whimsical ‘duck’, a structure that looks like what it sellswhile others see it as a straightforward decorated shed, designed to attract attention. Regardless of perspective, the installation has certainly captured public interest.
The concept is not entirely new. Last year, Louis Vuitton’s CEO Pietro Beccari introduced similar plans for a giant trunk display on the Champs-Elysees in Paris, making the NYC installation part of an ongoing branding strategy. The company has a history of using exaggerated versions of its trunks as eye-catching structures, dating back to a similar scheme in 2005.
Controversial past of trunk installations
Louis Vuitton’s attention-grabbing facade tactics haven’t been without controversy. The Champs-Elysees trunk, displayed in 2023, drew criticism from members of Paris’s Green party, who challenged its legality. They argued that the trunk installation violated French advertising regulations, which stipulate that advertisements on buildings cannot cover more than 50 percent of the facade area. The Louis Vuitton trunk facade covered over 50 percent, even extending to the roof.
Despite these concerns, the Paris city council ultimately sided with Louis Vuitton, determining that the oversized trunk was more an artistic installation than an advertisement, allowing it to remain.
Future plans for New York flagship unclear
LVMH Moet Hennessy Louis Vuitton, Louis Vuitton’s parent company, is spearheading the construction project on Fifth Avenue. This expansion mirrors LVMH’s recent investment in other luxury retail projects, such as the redesigned Tiffany & Co. flagship across the street, which was backed by the renowned architecture firm OMA.
A completion date for the new building at 1 East 57th Street has not yet been disclosed. However, the temporary trunk display will likely remain a prominent feature of New York’s luxury retail scene as Louis Vuitton prepares to unveil its upgraded flagship store.
US Polo Assn, a global brand synonymous with sporty elegance, has secured a prestigious win at the 2024 Global RLI Awards, held in London. Recognized for its remarkable growth in emerging markets, particularly India, the brand is poised to become a billion-dollar powerhouse in the world's second-most populous nation.
A winning strategy for the Indian market
This multifaceted approach has been key to US Polo Assn's success in India. With over 400 stores across 200 cities, and plans for further expansion, the brand has established a strong brick-and-mortar presence. Recognizing the growing importance of e-commerce, US Polo Assn. launched a dedicated website, USPoloAssn.in, catering specifically to Indian customers and simplifying online shopping.
To connect with Indian consumers on a deeper level, US Polo Assn. has partnered with prominent personalities like His Highness Maharaja Sawai Padmanabh Singh (Pacho) of Jaipur, fashion icon Palak Tiwari, and celebrity models Arjun Rampal and MilindSoman. These partnerships create a sense of cultural resonance and brand aspiration.
Global exposure with a local touch
US Polo Assn has leveraged its international presence to further its Indian success. With a landmark multi-year deal with ESPN and Star Sports, the brand brings the thrill of world-class polo championships directly to Indian audiences. This strategy not only reinforces the brand's connection to its sporting roots but also strengthens its appeal amongst sports enthusiasts in the country.
A celebration of global recognition
J Michael Prince, President & CEO of USPA Global, expressed pride in US Polo Assn's recognition as Emerging Market Retailer of the Year. He stated that winning this award and being a finalist for International Retailer of the Year highlights the global team's commitment to connecting with consumers and creating a significant market impact.
US Polo Assn.'s win at the RLI Awards is a testament to its successful adaptation to evolving markets. By staying true to its sporting heritage while embracing modern trends, the brand has carved a niche for itself in the hearts of Indian consumers. With its commitment to quality, style, and cultural connection, US Polo Assn is well on its way to achieving its billion-dollar milestone in India.
Making its debut at the exhibition, elastic manufacturing company, Rainbow Industries showcased an extensive collection of elastic products at GTE 2024 in Bengaluru.
Known for its specialisation in smoking elastics, Rainbow Industries caters to a variety of sectors, including footwear, gloves, and socks manufacturing. The company also showcased its Lycra elastic and fabric dory solutions, among other innovative products.
Emphasising on the company’s commitment to quality and environmental responsibility, Rajan Batra, Director, Rainbow Industries, says, its OEKO-TEX certification ensures its elastics adhere to stringent safety standards, providing manufacturers with a high-quality, eco-friendly choice.
This was Rainbow Industries’ first exhibition in South India, allowing the company to explore new markets and connect with potential customers. The unique smoking elastics attracted significant attention from attendees, highlighting the company’s distinctive offerings.
During discussions with a delegation from a textile management and engineering consulting firm, Gherzi, Kamran Arshad, Central Chairman, All Pakistan Textile Mills Association (APTMA), emphasised on the importance of a large-scale collaboration in fiber recycling and renewable energy to strengthen Pakistan’s textile exports, generate employment, and drive economic growth. A strategic partnership with Gherzi could help advance Pakistan's economic objectives, Arshad affirmed.
He highlighted, APTMA member mills have already made strides in sustainability by adhering to both international and local standards. Pakistan’s textile industry is planning to establish 1,000 garment factories with a $7 billion investment, aiming to increase exports to $50 billion, create 700,000 jobs, and generate an annual output of $20 million per plant.
Sharing insights on the anticipated slowdown in global garment production growth, Giuseppe Gherzi, Managing Partner, Gherzi advised industry leaders to remain agile and embrace emerging trends to maintain competitiveness. He outlined 34 transformative trends affecting the textile industry, emphasising, adaptation to these shifts is essential for companies aiming to stay competitive and sustainable.
Influenced by technological advancements, sustainability concerns, and evolving market demands, the textile sector would undergo considerable transformation by 2030, Gherzi projected. He noted, the rising significance of recycling will help brands connect with synthetic fiber producers, with several companies investing in innovative recycling technologies.
He also highlighted Galy Co, a biotech firm leading in sustainable cotton production, which recently raised $33 million in an oversubscribed Series B funding round. Galy’s method involves cultivating stem cells from cotton plant varieties in labs using bioreactors, eliminating traditional farming requirements.
Emphasising on need for brands to adapt to shifting market realities and innovate to foster growth, Gherzi noted, ultra-fast fashion is intensifying competition, requiring traditional fast-fashion leaders to innovate. Additionally, the global apparel resale market is rapidly expanding, with projections suggesting it could reach $350 billion by 2028.
Marking a setback for its top investor Frasers, which had pushed for its controlling shareholderto assume the position, British online fashion retailer Boohoo has appointed Dan Finley as its new CEO. Currently leading Boohoo’s digital department store unit, Debenhams, Finley will replace John Lyttle.
Under Finley’s leadership, Debenhams achieved an annual gross merchandise value (GMV) run rate of about £800 million ($1.03 billion) due to a capital-light and cash-generative model.
Analysts at Jefferies noted,this GMV exceeded their earlier estimate of around £400 million. In response to Frasers’ recent proposals, Boohoo expressed willingness to discuss board representation but emphasised the need for ‘appropriate governance’ to safeguard its commercial interests, highlighting Frasers’ existing 23.6 percent stake in ASOS, a direct competitor.
Having made significant investments in UK brands including Mulberry and AO World, Frasers had also invested £150 million in Debenhams before its 2021 collapse, after which Boohoo acquired the brand out of administration.
Lectra projects revenues will increase to €600 million in 2025, with the brand expecting to generate€400 million from recurring business. The company also expects EBITDA margin to exceed 20 per cent.
A French company specialising in industrial intelligence solutions for the fashion, automotive, and furniture sectors, Lectra’s revenues increased by 11 per cent in Q3. On a Y-o-Y basis, the brand’s revenues grew by 10 per cent to €394.2 million.
Over the first nine months, Lectra's EBITDA increased to €68.5 million from €59.2 million during the same period last year, with EBITDA margin rising from 16.5 per cent to 17.4 per cent.The brand registered a worsened a macroeconomic and geopolitical landscape in the third quarters, with impacts varying across different regions and sectors.
The environment led to the brand’s making cautious investment decisions, negatively impacting orders for new systems.
Lectra’s revenue from perpetual licenses for software, equipment, and other services remained constantat €106.3 million during the first nine months, in line with last year's figures. Orders for new licenses grew by 4 per cent to €8 million.
On Oct 9, Lectra launched its new AI-driven software, Valia Fashion, at its site in Cestas, near Bordeaux. This software integrates all Lectra solutions for production planning and enables precise predictions of material needs for each collection, promising increased efficiency for fashion industry clients.
Just few days after Pakistani textile exporter, Ghazi Fabrics International announced a partial halt at its weaving unit, another company Janana De Malucho Textile Mills (JDMT) also suspended production, citing severe economic challenges, rising energy costs, and a lack of affordable, high-quality cotton.
The company notified the Pakistan Stock Exchange (PSX) of this decision in compliance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 (a) of the PSX Regulations. JDMT stated that it can no longer sustain production due to adverse economic conditions, escalating power costs, limited availability of quality cotton at reasonable prices, and decreasing sales. Additionally, it cited an accumulation of finished goods as the yarn market slows down.
Established in 1960 as a public company under the Companies Act, JDMT specialises in producing super-fine counts of 80s and 100s combed and carded yarn, using extra-long staple cotton sourced from the US and CIS countries. It also produces premium 40/s and 60/s combed yarn for air-jet looms. While the company has suspended production temporarily, management emphasised its commitment to monitor the situation and resume operations when conditions improve.
The cotton crisis in Pakistan is deepening, with data from the Pakistan Cotton Ginner’s Association (PCGA) revealing a significant decline in cotton arrivals. By Sep-end, total arrivals in the country declined by 59 per cent Y-o-Y to 2.04 million bales as against 5.025 million bales in the same period in 2023. This shortage is exacerbating challenges for the textile industry, a key sector in Pakistan's economy.
Expanding the Uyghur Forced Prevention Act (UFLPA) Entity List, US Department of Homeland Security (DHS) has added 78 companies from the People’s Republic of China including several textile manufacturers to it. This helpsthe department prevent import of goods produced through forced labor, specifically from companies associated with Uyghur labor in the Xinjiang region.
Among the listed companies include prominent textile firms such as Esquel Group, Guangdong Esquel Textile Co, and Turpan Esquel Textile Co. The new regulations empower the US Customs and Border Protection (CBP) to bar entry of products produced by these companies. Changji Esquel Textile Co also faces restrictions as it has been removed from Section One of the UFLPA list, effectively banning its goods from the U.S. market.
Alejandro N. Mayorkas, Secretary, DHS, emphasises, the list plays a pivotal role in helping American businesses maintain ethical supply chains and remain free from forced labor.Expansion of the list also enables American businesses better assess their supply chains and ensure they do not profit, directly or indirectly, from the use of forced labor, he adds.
Robert Silvers, Under Secretary-Policy and Chairman, Forced Labor Enforcement Task Force, affirms, the administration is committed to strengthening accountability across global supply chains.
Since its inception in December 2021, the UFLPA Entity List has grown to include companies across multiple industries, from agriculture to electronics, aiming to hold the PRC accountable for alleged human rights abuses and forced labor practices targeting Uyghurs and other minority groups in the Xinjiang Uyghur Autonomous Region (XUAR). The expansion of this list underscores the US stance against forced labor and its dedication to supporting Uyghurs and other affected groups in East Turkistan.
Vietnam’s cotton imports increased to $1.309 billion during Jan to May’24, as per the newly released ‘Vietnam Cotton Import Research Report 2024-2033’by ResearchAndMarkets.com.In In 2023, Vietnam recorded cotton imports worth $2.744 billion.
Currently, cotton production across the globe is dominated by China, the United States, India, Brazil, and Australia, with China, India, and the US being the most influential players in the cotton market. Highest demand for cotton is generated from the Asia and Western markets with demand in the emerging markets also being driven by economic development and increasing income levels.
Southeast Asia's fast-growing economy and the world’s second-largest textile exporter, Vietnam is heavily dependent on cotton imports due to limited domestic production, which fulfills only around 1 per cent of the country’s demand. The country is currently the world’s third-largest cotton importer, with import values in the billions annually. It mostly imports cotton from the United States, Australia, Brazil, China, and Singapore.
From 2021-24, Vietnam sourced most of its cotton fromthe US, Australian, and Brazilian exporters including Sunray Macao Commercial, Bros Macao Commercial Offshore And Louis Dreyfus Company Suisse SA.Some of the major Vietnamese cotton importers included Brotex (Vietnam) Co, Texhong Galaxy and Texhong Yinlong Technology.
With the continued growth of Vietnam’s textile industry, demand for high-quality, stable cotton supplies is expected to rise as Vietnam upgrades its textile production and expands internationally. The report forecasts an upward trend in cotton import volumes as the industry seeks to meet both domestic and international demand.
