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Spinnova eyes Spain for acquisition-led growth

Spinnova is considering Spain for growth through acquisitions, with its commercial director highlighting the country’s potential for textile recycling and sustainable manufacturing.

Mikko Lassila, chief commercial officer, told Modaes that Spain is a “very interesting place from a raw material perspective”, particularly for cotton textile recycling. He said the company had contacted several Spanish textile businesses and executives.

“Even though our focus for now is on Portuguese spinning, Spain will remain a very interesting option for us,” Lassila said, in comments translated from Spanish.

He identified northern Spain and its local players as offering the greatest potential. However, completing Spinnova’s proposed acquisition of Portuguese spinner Tearfil remains its near-term priority.

“We are now a little less than halfway to completing the acquisition and it is our priority,” Lassila said.

Spinnova has signed a non-binding letter of intent to buy Tearfil for €500,000 ($580,000) in cash and shares, alongside a €1.5 million ($1.7m) loan.

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Greybull Stewardship acquires Mid-West Textile

Private investment firm Greybull Stewardship has acquired used textile collector and recycler Mid-West Textile.

The El Paso, Texas-based company collects, sorts and grades used clothing and textiles to extend the life of reusable materials and divert them from waste. It also operates Thrift Town stores in Texas and New Mexico.

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Coalition urges input on textile EPR rules

American Circular Textiles has released its second implementation briefing on California’s textile extended producer responsibility (EPR) law, urging industry participation as regulators develop rules governing the recovery system.

The update tracks regulatory workshops, producer registration and litigation affecting implementation of the Responsible Textile Recovery Act, which requires industry to support textile collection, repair, reuse and recycling.

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Phenol breaches found in school trousers

Russia’s quality-testing organisation Roskachestvo has found phenol levels above permissible limits in boys’ school trousers from brands Crazy Beaver and Roberto Balzini.

The findings form part of an investigation into 21 brands, which also identified inaccurate fibre composition claims and shortcomings in fabric performance, documentation and labelling.

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Woolrich Europe sets fur phase-out deadline

Woolrich Europe, owned by Italian fashion group Basicnet, will stop producing new garments containing animal fur by 31st December 2026, according to Humane World for Animals.

All new collections will be fur-free from 1st January 2027, but existing garments with fur will remain on sale until stocks run out.

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BCI buys Materra’s Co:Farm to scale regenerative cotton

The Better Cotton Initiative (BCI) has acquired Co:Farm, an AI-powered technology platform developed by Materra, to accelerate the scaling of regenerative agriculture across its cotton programme.

BCI chief executive Nick Weatherill announced the deal at a reception in Vancouver, Canada, marking the organisation's evolution into a regenerative standard system, as Ecotextile News reported.

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Ingka appoints new sustainability chief

Ingka Group, the largest IKEA retailer, has appointed Erika Intiso as chief sustainability officer from 15th November, tasking her with embedding sustainability in business decisions and operations.

Intiso succeeds Karen Pflug, who has held the role since 2021 and will remain with the group until year-end to support the transition.

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Ghana partnership develops textile reuse skills

Ghana’s Technical and Vocational Education and Training (TVET) Service has partnered with The Or Foundation to help learners turn discarded textiles into garments through upcycling and circular design.

The collaboration includes the Next Gen Fashion Icon Showcase, scheduled as part of National TVET Week from 12th–16th October, giving learners a platform to demonstrate their skills.

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Chinese slowdown hits LVMH fashion sales

LVMH reported a 5% fall in organic sales at its fashion and leather goods division in the third quarter, blaming slowing demand in China.

The decline reversed the division’s 1% growth in the second quarter, despite continued support from a buoyant US market.

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