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1 October 2026
10:21 am
GMT

Pakistan apparel exporters elect new chairman

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has elected Sohail Afzal Sheikh central chairman for 2026–28, as exporters face growing pressure to meet sustainability and traceability demands.

“The industry is entering a period of significant transformation, with sustainability, digitalisation, traceability, changing trade policies and evolving buyer requirements becoming increasingly important for global competitiveness,” said Sohail Afzal Sheikh, PRGMEA central chairman.

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1 October 2026
10:17 am
GMT

Spinnova signs €1.5 million Tearfil loan

Spinnova has signed a binding €1.5 million ($1.7m) loan agreement to provide bridge financing to Portuguese yarn spinner Tearfil, which it is considering acquiring.

The loan is intended to support Tearfil’s working capital during a Portuguese court-supervised process to restructure its debts. Spinnova’s approval is required for its use.

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1 October 2026
9:28 am
GMT

Teijin Frontier and Asahi Kasei complete TA Frontier integration

Teijin Frontier and Asahi Kasei have completed their business integration and launched as TA Frontier Co., Ltd.

The integration combines the companies’ customer bases, sales networks, technologies and business platforms, with the aim of strengthening competitiveness, responding to changing market conditions and achieving sustainable growth.

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1 October 2026
9:06 am
GMT

Lenzing launches €300m rights issue for new strategy

Lenzing has launched a fully underwritten capital increase with subscription rights, targeting approximately €300 million ($339.3m) in gross proceeds to support its “Grow Nonwovens, Reset Textiles” strategy.

The company plans to issue 34,756,362 shares at €8.65 ($9.78) each, a 42.5% discount to the theoretical ex-rights price. Existing shareholders will be entitled to subscribe for nine new shares for every 10 shares held.

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30 September 2026
9:47 am
GMT

Ireland drafts €10m EUDR penalties

Ireland has proposed fines of up to €10 million ($11.8m) for serious breaches of the EU Deforestation Regulation (EUDR) under draft national legislation.

The proposed Deforestation and Forest Degradation Bill 2026 would impose the greater of €10 million ($11.8m), 4% of EU-wide turnover or any economic benefit from an infringement.

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30 September 2026
9:36 am
GMT

Industry support revives textile bootcamp

Four industry bodies have stepped in to save the Textile Manufacturing Skills Bootcamp at Huddersfield's Textile Centre of Excellence after government funding ended.

The training provider says the programme will run without public funding for the first time, after organisations “stepped forward to support its continuation”.

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30 September 2026
9:30 am
GMT

Rieter names new CEO after Oetterli exit

Rieter chief executive Thomas Oetterli will step down on 31st October, handing over the board chairmanship as the Swiss textile machinery group separates the roles.

Daniel Lippuner, former chief executive of Saurer Group, will become chief executive on 1st November. Carl Illi, a Rieter board member since 2017, will serve as chairman until the annual general meeting on 14th April 2027.

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29 September 2026
9:41 am
GMT

Shein shares plunge on profit squeeze

Shein shares fell as much as 14% after the company's first results since listing revealed that second-quarter adjusted net income had dropped 67% to $228 million.

The Hong Kong-listed retailer reported revenue of $11.1 billion, up 0.9%, but adjusted net margin narrowed to 2.1% from 6.2% a year earlier.

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28 September 2026
11:49 am
GMT

China and the US agree reciprocal tariff reductions

China and the US have agreed to reciprocal tariff reductions covering about $30 billion of imports from each country – including some textile products.

The US list includes Chinese blankets, bed linen, table linen and other household goods, alongside toys, small appliances and seasonal decorations. China’s list includes US silk, as well as agricultural products, fish and seafood, logs, cosmetics and medical devices.

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28 September 2026
11:45 am
GMT

EU’s EmpCo enters into force, older stock could be at risk

The EU’s Empowering Consumers for the Green Transition Directive (EmpCo) has begun applying, introducing stricter rules on environmental claims, sustainability labels and product information aimed at consumers.

It prohibits vague claims such as “green” and “eco-friendly” where companies cannot demonstrate recognised environmental performance.

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