FW
The next edition of Denimandjeans Vietnam will be hosted on June 26-27, 2024 at Riverside Palace in Ho Chi Minh City, Vietnam.
Featuring over 40 exhibitors, the trade show will attract global B2B and B2C experts from the denim and fashion industries. Some of the prominent local and international exhibitors at the event will include industry specialists like AG Denim, Artistic Milliners, US Group, and Kassim.
Enriched with a variety of initiatives, the event this year, will host over six seminars on the latest technologies and innovations in the denim industry by renowned denim experts from around the world.
A special section dedicated to Japanese selvedge denim manufacturers will be earmarked to showcase top-notch selvedge denim from esteemed companies such as Nihon-Menpu, Yama-ashi, Shinohara, Tanchi, Kurabo, Kaihara, and Kuroki, enhancing the exhibitor lineup with their high-quality offerings.
Held for the first time since 2019, Kingpins China attracted over 40 exhibitors from May 23-25, 2024 in Hangzhou, China. The hybrid B2B and B2C tradeshow attracted several prominent industrial partners, designers and denim enthusiasts.
One of the noted exhibitors at the event included Lenzing whose team from Tencel denim showcased their latest sustainable wash wardrobe, developed in collaboration with nine domestic denim mills. Processed with eco-friendly washing techniques, this collection featured outfits ranging from workwear to casual lifestyle clothing.
One of the major highlights at the brand’s booth included the Tencel x Advance Denim Capsule Collection demonstrating various innovations using Tencel fibers in denim textiles.
The Tencel team engaged with domestic brands, e-commerce retailers, buying offices, and some international brands. On the second day, Dennis Hui, Global Business Development Manager-Denim, Lenzing, participated in a panel discussion alongside Rebecca Li from The Lycra Company and Amy Wang from Advance Denim. Moderated by Ada Wen, Chief Editor, Asia Denim Magazine, the panel delved into the topic of ‘Beyond Cotton.’ The B2B event concluded with a fashion show and an after-party, sponsored by beer brand Foison Textile.
Running concurrently with the Kingpins China Show, new B2C event, DenimKon, featured a trend area and hosted 15 workshops, including a denim flower-making session by Tencel x Advance Denim. Visitors enjoyed activities such as lucky draw giveaways, denim accessory displays, limited outfit retail, and natural dyeing workshops by Prosperity Textile, Zhangzhen Textile Arts, Sansen Denim, Panther Denim, etc. Additionally, seminars on making sustainable choices offered further insight for consumers.
The event also hosted exhibitions of vintage garments and other displays, providing attendees with inspiration and educational opportunities.
Pierre-Emmanuel Angeloglou, Managing Director, LVMH Group will assume his new role of CEO of the renowned Italian fashion house Fendi from June 01, 2024.
Angeloglou will take over the role from Serge Brunschwig, who has led the brand since 2018. He joined LVHM in 2019 as Director-Strategic Missions for Fashion and Leather Goods, Louis Vuitton. Before his tenure at LVMH, Angeloglou was the Global President of L'Oréal Paris, where he was instrumental in driving the brand's global strategy and expansion.
His move to LVMH in 2019 was a pivotal step in his career. His exceptional performance in this role led to his promotion to head the men's division by the following year. His leadership and strategic vision in this capacity earned him further recognition and a subsequent promotion to the position of executive vice president.
The Fair Wear Foundation (FWF) has signed a MoU with the Social & Labor Convergence Program (SLCP) in Amsterdam to enhance collaboration between the two parties and improve working conditions in global garment supply chains.
The collaboration will focus on the three key areas including data convergence, policy advocacy, and industry engagement. The agreement will utilise SLCP's data within Fair Wear's Human Rights Due Diligence (HRDD) facilitation hub. This integration is expected to eliminate redundant audits, enhance the quality of facility-level information for Fair Wear member brands, and support the effective implementation of HRDD.
Additionally, anonymised and aggregated SLCP data will be used to inform Fair Wear Foundation's country risk scoping tool.
Further, Fair Wear Foundation and SLCP will work towards unified policy positions and increase engagement with key stakeholder to drive systemic change across the garment and textile industry.
Janet Mensink, CEO, SLCP, states, the use of SLCP in the Fair Wear HRDD hub exemplifies effective data sharing to reduce duplication and drive improvements in working conditions.
Alexander Kohnstamm, Executive Director, Fair Wear Foundation, describes the MoU as an ‘important step’ towards industry-wide alignment on impactful HRDD implementation, crucial for ensuring that new European legislation benefits garment workers.
The partnership between Fair Wear Foundation and SLCP is underpinned by their joint recognition of the OECD Due Diligence Guidance for Responsible Business Conduct as the leading HRDD framework. Both organisations advocate for a smart mix approach to HRDD in supply chains.
Shafay Hussain, Minister of Industries, Commerce and Investment, Punjab pledged to offer incentives surpassing those by Bangladesh to attract Chinese investors for setting up industrial parks to boost apparel exports from the state.
During his recent visit to the All Pakistan Textile Mills Association (APTMA), Hussain stated, Chief Minister Maryam Nawaz has formed a high-powered committee to study global best practices for setting up and operating garment cities based on the ‘Plug and Play Model’ in Pakistan. These industrial parks will feature state-of-the-art infrastructure to attract both foreign and local investments. The committee will provide recommendations on all aspects of establishing Garment Parks, either within existing industrial estates or at new locations.
He hoped, APTMA would offer technical assistance and expertise to the Punjab government in this initiative. Additionally, the minister committed to resolving the issue of waiving penalties related to outstanding social security payments by textile mills in the province.
Further, Hussain highlighted the association’s ongoing efforts to establish a consistent policy framework, unaffected by governmental changes, in the state He also assured of introducing comprehensive security measures for Chinese investors in the province.
The global technical textiles market is set to grow at a 7.1 per cent CAGR from 2024-2030 to $340.52 billion by 2030 from $220.17 billion in 2024.
As per a report by Maximise Market Research, the Asia-Pacific dominates the global technical textiles market with rapid industrialisation, infrastructure development and rising disposable income levels fuelling growth. It is followed by North America which boasts of a mature technical textile market driven by strong demand from industries such as automotive, aerospace, and healthcare, and a strong focus on innovation and sustainability.
On the other hand, the market in Europe is characterised by stringent regulations promoting eco-friendly practices and a growing emphasis on smart textiles and functional apparel.
The global technical textiles market encompasses a wide range of products including fibers, fabrics, nonwovens, and composites designed to exhibit specific performance characteristics such as strength, durability, flame resistance, and chemical inertness. These textiles are extensively utilised across various industries including automotive, construction, healthcare, aerospace, and sports.
Growth in the technical textile market is influenced by factors ranging from technological advancements to shifting consumer preferences and global economic conditions. One key factor driving market growth is continuous innovation in material science and manufacturing processes, fuelling the development of advanced technical textiles with enhanced performance characteristics. Innovation also fuels competition among market players, resulting in a constant influx of new products and applications across various industries. Additionally, evolving regulatory standards and sustainability concerns shape the market, prompting manufacturers to invest in eco-friendly materials and production methods to meet stringent environmental requirements and cater to the growing demand for sustainable solutions.
The technical textile market is also influenced by macroeconomic trends and industry-specific factors. Economic fluctuations, geopolitical tensions, and supply chain disruptions can significantly impact market demand and pricing dynamics. The market is subject to the cyclical nature of end-user industries such as automotive, construction, and healthcare, where changes in consumer spending and investment patterns can influence the adoption of technical textiles. Emerging trends, such as the rise of smart textiles and the integration of digital technologies into textile products, add another layer of complexity, creating both opportunities and challenges for industry participants. Understanding and navigating these dynamic forces are crucial for stakeholders aiming to thrive in the ever-evolving technical textile market landscape.
Exports of readymade garments from Egypt rose by 23 per cent to $856 million during Jan-Apr’24 as against $697 million during the same period in 2023.
As per Marie Louis Bishara, President, Readymade Garment Export Council, exports to the United States grew by 14 per cent to $347 million from $304 million in 2023. The second largest importer of readymade garments was European Union with a 33 per cent rise in imports totaling $200 million in the first four months of 2024 from $150 million in 2023.
Egypt’s exports to Spain rose by 45 per cent to $49 million from Jan-Apr’24, compared to $34 million during the same period in 2023.
Exports to Arab countries grew by 34 per cent to $173 million from the previous year. The Kingdom of Saudi Arabia emerged as the biggest importer with an 85 per cent surge in imports during the first four months of 2024. Egypt’s exports to the Kingdom rose from $28 million during the first four months 2023 to to $52 million in 4M 2024.
Libya also demonstrated robust growth, recording an impressive 82 per cent growth in exports from $33 million in 4M 2023 to $60 million in 4M 2024.
Exports to African countries (excluding Arab states) soared by 189 per cent to $2.5 million.
From June 11 to 14, 2024, Florence will be the stage for an unprecedented showcase of contemporary Chinese fashion. Eight elite designer brands from China will debut at Pitti Immagine Uomo, the leading menswear and lifestyle event, held at Fortezza da Basso. This notable appearance is orchestrated under the banner of CHIC, China International Fashion Fair, on a sprawling 264 square meters.
The exhibition, aptly named China Wave, stems from an exclusive partnership between Pitti Uomo and the China National Garment Association. Curated by CHIC, the event at Costruzioni Lorenesi will present high-end Chinese brands that epitomize exquisite craftsmanship, quality, and aesthetic appeal.
The Designers: Innovators of style and tradition
Valleyouth, a young menswear brand, draws inspiration from natural elements. Founders Li Wenjie and Geng Hualiang merge their backgrounds in fashion and landscape design to create handmade pieces that express independence and freedom, mirroring the ethos of today's younger generation.
Shanghai-based Blackhead stands out with its daring and unconventional designs. The brand's accessories defy traditional norms, encouraging self-expression and authenticity, resonating with a spirit of rebellion.
KB Hong by K-Boxing, a leader in high-quality business casual menswear, will showcase its top-tier collection that marries oriental aesthetics with Italian sophistication. With over 40 years of craftsmanship and a history of showcasing at Milan Fashion Week, this brand is a testament to enduring quality and style.
Raxxy and More: Defining luxury and innovation
Known for its luxurious downwear, Raxxy captivated the fashion world with a show on the Great Wall. The brand's latest collection, shot at the iconic site, blends cross-border fashion design with mathematical precision, offering a futuristic aesthetic.
Keyone, a headwear brand with an online international presence, integrates street style with individual flair. The label, which also runs China's unique hat museum and organizes the China Hat Festival, embodies playful and personal style.
JDV - J Different View, promotes "Passion for Life" through its menswear jackets made from natural materials. The brand emphasizes that fashion is more than clothing—it's a lifestyle.
Contemporary sportswear and street styles
Founded by Ge Feng in 2019, Fenggy caters to modern women with minimalist and versatile designs. Recognized as one of China's top designers, Feng combines comfort, functionality, and contemporary trends in her luxury sportswear line.
Typetail translates social community themes into vibrant street styles. Since its inception in 2018, it has become a leading name in Chinese womenswear, reflecting the dynamic and diverse interests of young fashionistas.
Event highlights and future prospects
To celebrate China Wave's premiere, a cocktail reception is scheduled on June 11. Esteemed guests, including Chen Dapeng (President of the China National Garment Association and CHIC), Raffaello Napoleone (CEO Pitti Immagine), and Antonio Cristaudo (CCDO Pitti Immagine), will inaugurate the event.
Looking ahead, the next CHIC event is slated for August 27-29 in Shanghai, where around 500 exhibitors from Europe and Asia will convene. Organized by the China National Garment Association in cooperation with China World Exhibition, CHIC continues to be a pivotal platform for international fashion exchange.
Conclusion: A milestone for Chinese fashion
China Wave at Pitti Immagine Uomo marks a significant milestone for Chinese designer brands on the global stage. This event not only highlights the exceptional talent and creativity emerging from China but also fosters deeper cultural and commercial ties within the international fashion community.
With shoppers adjusting their spending to manage higher living costs, American Eagle Outfitters continues to grapple with subdued demand. This year, the company registered a 9 per cent rise in inventory to $681 million as the stock for end-of-season merchandise increased.
Cautious spending by consumers due to rising economic pressures, especially in the apparel category, led to the company missing its revenue targets this year, says Rachel Wolff, Analyst, Emarketer.
The company’s performance lagged behind competitors Abercrombie & Fitch and Dick's Sporting Goods, both of which raised their annual sales forecasts earlier in the day due to strong demand for trendy clothing and footwear.
Maintaining its targets for the fiscal 2024, American Eagle expects revenues to rise by 2 per cent -4 per cent from last year. The increase in shopping during the spring season has boosted the store’s revenues by 4 per cent with digital revenue growing by 12 per cent.
Data from LSEG shows, the company’s net revenues for the quarter ended May 4 rose by 6 per cent to $1.14 billion, slightly below analysts' average estimate of a 6.4 per cent increase to $1.15 billion, according to LSEG data. First-quarter profit per share was 34 cents, exceeding analysts' expectations of 28 cents.
Burberry’s new store in Hangzhou, Zhejiang Province, Mainland China offers the brand’s new Rocking Horse Bag, inspired by Burberry’s spirit of innovation, creativity and equestrian heritage.
Launched as a part of the Winter 2023 collection, the Rocking Horse bag’s design is based on new house motifs through interlocking hardware in the shape of a lowercase 'b' and straps which attach to the bag using stitching in the shape of an uppercase B.
The selected styles inside the store include classic house motifs such as the iconic Burberry Check, a pattern introduced in the 1920s, while the back of the back has the Equestrian Knight Design embossed on it.
Featuring the latest Burberry Classics and Summer 2024 collections by Daniel Lee, Chief Creative Officer, the store offers a collection of menswear, womenswear, shoes and accessories, including the Rocking Horse bag.
Crafted by local stonemasons, the store’s staircase and façade are inspired by classic London architecture, and reflecting Burberry’s British heritage.
The interiors of the store display unique wooden sculptural tables designed by artist Casey McCafferty, alongside rugs from British textile artist Tom Atton Moore, reflecting the brand's commitment to support independent artists.
