WASHINGTON, D.C. — August 8, 2024 — National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued the following statement today welcoming the introduction of the bipartisan “FIGHTING for America Act, a bill that would eliminate de minimis exemptions for import-sensitive products and goods subject to trade remedies, including the majority of textile and apparel imports, while helping staunch the flow of millions of low value duty-free shipments entering the United States daily.
Statement by NCTO President and CEO Kim Glas:
“We commend Senate Finance Committee Chairman Ron Wyden (D-OR), and Senators Sherrod Brown (D-OH), Bob Casey (D-PA), Susan Collins (R-ME), and Cynthia Lummis (R-WY) for their leadership and support for this bipartisan legislation that would tighten the rules for the entry of millions of imported packages coming through the de minimis loophole each day and help level the playing field for domestic textile and apparel manufacturers severely harmed by the onslaught of these shipments.
“This bill eliminates de minimis for the most import-sensitive products and goods subject to trade remedies, including the vast majority of textile and apparel imports from China and the rest of the world. It is a major step in the right direction toward closing the loophole. De minimis shipments have grown exponentially due to the explosion of e-commerce and the growth of companies like Shein and Temu that have built their business models around this duty-free loophole. As a result, the U.S. market has been inundated with a flood of low value, subsidized and often illegal and tainted imports that are endangering U.S. consumers and undermining the U.S. textile and apparel production chain.
“We believe Senator Wyden’s legislation will go a long way toward thwarting bad actors who have been profiting from this unchecked gateway by sending in goods made with forced labor, counterfeits, toxic goods, and illicit narcotics.
“This bill is the most comprehensive approach to de minimis reform to date. It would not only close de minimis to the vast majority of textile and apparel imports, but also impose new penalties for violations, require additional data reporting on all de minimis packages, and impose small customs user fees on packages. We are encouraged by this strong legislative approach and believe it will help shield and support the vital domestic textile and apparel manufacturing supply chain that employs more than 501,000 workers and produces $64.8 billion in output.”
Posted: August 8, 2024
Source: National Council of Textile Organizations (NCTO)
HUNTINGTON BEACH, Calif. — August 7, 2024 — FLEXFIT®, renowned for its original stretch-fitted cap and unparalleled comfort and style, is collaborating with the World Surf League for the 2024 US Open of Surfing at Huntington Beach Pier. As part of Yupoong’s 50th anniversary celebrations, Flexfit will unveil the new FLEXFIT SEAWOOL® Collection at the official WSL merchandise store.
FLEXFIT SEAWOOL is a revolutionary sustainable collection, created by textile crafted from discarded oyster shells and recycled plastic waste. This innovative material boasts exceptional properties such as odor control, moisture management, and thermal regulation, making it perfect for everything from fall and winter apparel to athletic wear.
FLEXFIT, celebrating 50 years and launching its sustainability pledge, ‘Root For Tomorrow’, with WSL at the forefront of headwear technology, showcasing its innovative effort and pursuit towards comfort perfection, all the while lessening the burden left for future generations. Make sure to visit the WSL Store today and check out Flexfit’s latest innovation: the Flexfit Seawool hat!
Yupoong, established in 1974, launched the category defining FLexfit in 1994, with the vision and goal to revolutionize the limits of headwear and performance comfort. 50 years later, Yupoong® is the undisputed world’s No. 1 hat company, in the global market by a significant margin, Chairman Cho is called ‘The King of Hats.’
OBERTSHAUSEN, Germany — August 7, 2024 — After a break, KARL MAYER North America will return to exhibit at CAMX, the most important composites trade show in North America, September 9-12, 2024, in San Diego.
The KARL MAYER GROUP subsidiary can be found at booth EE54 in the San Diego Convention Center. Here it will present as an innovative partner to the composites industry with high-performance machines such as the COP MAX 4, a flexible all-rounder to produce multilayer, multiaxial fabric structures; the COP MAX 5, specifically for processing carbon fibers; and the UD 700 fiber spreading system.
Furthermore, a new machine was launched this spring. It is called MAX GLASS ECO and impresses with its perfect price-performance ratio. If the focus is on the highly productive manufacturing of goods for standard applications made exclusively from glass fibers, the new MAX GLASS ECO is worth a look.
Hemp Ski At Techtetxil 2024
Besides the machines, the experienced sector player supports customers with pioneering application developments. The focus of the medial presentation will be the processing of natural fibers into sustainable composite reinforcements. In cooperation with representatives of the winter sports industry, KARL MAYER has already processed hemp tapes and flax fibers into non-crimp fabrics for snowboards and skis with COP MAX 4.
Lutz Heinig, Sales Manager at Technical Textiles at KARL MAYER North America
Examples were launched at the last editions of this year’s Techtextil and JEC World which were very well received by visitors. Lutz Heinig, Sales Manager at Technical Textiles at KARL MAYER North America, is excited to present to the American trade audience. “The global composites industry is under enormous pressure to reduce its ecological footprint. Our non-crimp fabrics made from natural fibers can make an important contribution to this,” says the market expert. He also looks forward to welcoming customers and introducing companies new to this sector to KARL MAYER’s innovative technologies.
BIRMINGHAM, England — August 7, 2024 — Aquapak Polymers Ltd., which specializes in polymer-based material technologies that can deliver both performance and environmental responsibility at scale, has today announced the appointment of sustainability and circular economy expert, Debbie Luffman, to its Advisory Board.
Luffman has over 20 years’ experience of working in fashion, textiles and sustainable business. She currently runs the change agency Think Circular, which helps businesses to unlock opportunities through a circular approach to design, sourcing and exploring alternative means of production and consumption.
For 14 years, she was product director at outdoor clothing brand and Bcorp, Finisterre, where she led ambitious innovation initiatives, and implemented new business models and strategic partnerships to advance circularity. Luffman is also a carbon literacy facilitator at Fashion Declares, a tutor on the Business Sustainability Management course at the Cambridge Institute for Sustainable leadership, and a trustee at environmental behavior change charity Hubbub.
The Advisory Board provides advice and input to support Aquapak’s management team as they embark on an exciting phase of global growth and innovation. This includes identifying multiple applications for its Hydropol™ polymer technology. Developed and manufactured in the United Kingdom, Hydropol is soluble, non-toxic and marine safe. Products made with Hydropol are safe for existing recycling processes and are fully biodegradable, leaving no trace or harmful microplastics should they enter the environment.
Commenting on Luffman’s appointment, Mark Lapping, CEO, Aquapak, said: “Debbie’s experience in the fashion and textiles sector is highly relevant to us as it is an important strategic market opportunity for Hydropol technology. Several brands have already introduced our Hydropol garment bags in place of conventional single-use plastic as part of their commitment to sustainability and the circular economy. We look forward to working closely with Debbie to grow our market share.”
Debbie Luffman
“I work with many different businesses who are committed to the circular economy. Moving to sustainable packaging with better end of life options is a big part of meeting this challenge, so I am delighted to be joining Aquapak’s advisory board and helping develop and promote its ground-breaking Hydropol technology,” Luffman said.
To help reduce plastic packaging pollution Aquapak has developed Hydropol, a unique new polymer which is soluble and non-toxic to marine life. Hydropol can be used as an alternative to conventional plastic in a wide variety of applications as it provides the same functionality and performance but without the associated environmental problems. It is currently used to make products such as garment bags, offering all the necessary features of traditional polybags: strength and puncture resistance; clarity of film; and protection from leakages and dirt.
Crucially, Hydropol garment bags present zero end-of-life issues for consumers and brands. They can be disposed of in existing domestic waste streams without contaminating other recyclable products or they can be dissolved immediately in hot water at home without producing harmful micro-plastics. They are also compostable and degrade harmlessly on land or in the ocean.
LENZING, Austria — August 7, 2024 — The Lenzing Group, a supplier of regenerated cellulose fibers for the textile and nonwovens industries, reports a gradual improvement in its business performance in the first half of 2024. As expected, the recovery of the markets relevant to Lenzing proved to be sluggish. Although fiber sales volumes increased, fiber prices remained at a low level. The cost of raw materials and energy remained high. At the same time, logistics costs rose significantly in the reporting period.
Revenue grew by 4.8 percent year-on-year to 1.31 billion euros ($1.21 billion) in the first half of 2024, primarily thanks to higher revenue from fibers (up 9.3 percent).
The trend in the operating result primarily reflects the positive effects of the comprehensive performance program. Earnings before interest, tax, depreciation and amortization (EBITDA) rose by 20.4 percent from 136.5 million euros ($150.1 million) in the first half of 2023 to 164.4 million euros ($180.7 million) in the same period of 2024. The EBITDA margin increased from 10.9 to 12.5 percent.
The operating result (EBIT) amounted to 18.9 million euros ($20.8 million) (compared with -12 million euros (-$13.2 million) in the first half of 2023) and the EBIT margin stood at 1.4 percent (compared with -1 percent in the previous year). Earnings before tax (EBT) amounted to minus 22.3 million euros ($24.5 million) (compared with -76.1 million euros (-$83.7 million) in the prior-year period).
Earnings per share stood at minus 1.84 euros ($2.02) (compared with -3.92 (-$4.31)in the first half of 2023). Cash flow from operating activities amounted to 202.8 million euros ($223 million) in the first half of the year (compared with -29.2 million euros (-$25.2 million) in the same period of 2023). Free cash flow shows a clearly positive trend with an increase to 141.5 million ($155.6 million) (compared with -165.4 million euros (-$181.8 in the first half of 2023).
Lenzing CEO Stephan Sielaff
“The Lenzing Group’s business performance continues to point in the right direction, even without a significant recovery in the relevant markets,” commented Stephan Sielaff, Lenzing Group CEO. “We are continuing to place pressure on expenditure within the organization, and at the same time we are focusing on measures to strengthen our global sales activities. We are taking action on a consistent and proactive basis, and we are making the Lenzing Group not only more profitable but also more resilient in the medium term.”
Since the end of 2022, the Lenzing Group has been implementing measures to reduce costs and, building on this, has developed a comprehensive performance program with the overriding objective of significantly enhanced long-term resilience to crises and greater agility in the face of market changes. Nico Reiner, Lenzing Group CFO, noted: “The performance initiatives are showing visible results and are primarily aimed at improving EBITDA and generating free cash flow through stronger revenue and margin growth as well as sustainable cost excellence. We expect an excess amount of EUR 100 million, of which more than 50 percent will be effective from this financial year. The performance program is currently ahead of schedule.”
Capital expenditure on intangible assets, property, plant and equipment, and on biological assets (CAPEX) amounted to 61.6 million euros ($67.7 million) in the first half of 2024 (compared with 136.5 million euros ($150.1 million in the first half of 2023), which is partly due to reduced investment activities. Compared to December 31, 2023, cash and cash equivalents increased by 13.0 percent, from 731 million euros ($803.7 million) as of December 31, 2023, to 825.9 million euros ($908 million) as of June 30, 2024.
Changes to dividend policy, ownership structure and Managing Board
On April 11, the Lenzing Group Managing Board passed a resolution to indefinitely suspend the existing dividend policy of at least 4.50 euros per share ($4.95).
B&C Group and Suzano S.A. announced on June 12 that they are entering a long-term partnership in relation to B&C’s majority interest in Lenzing AG. On the basis of this agreement, Suzano is acquiring a 15 percent interest in Lenzing from B&C.
Also, Lenzing recently announced personnel changes on its Managing Board. The Supervisory Board of Lenzing AG has appointed Walter Bickel as member of the Managing Board and Chief Transformation Officer of Lenzing AG until December 31, 2025, with effect as of April 15, 2024. Stephan Sielaff, Lenzing AG CEO, will leave the company, at the latest, when his contract expires at the end of March 2025, in order to devote himself to new tasks. The Lenzing Group Supervisory Board has appointed Rohit Aggarwal as a new member of the Managing Board of the Lenzing Group. He will take over responsibility for the fibers business area in the course of the third quarter and will succeed Stephan Sielaff as CEO of the Lenzing Group after his Onboarding. Aggarwal, a graduate in business administration, possesses decades of professional experience in leading positions in markets relevant to Lenzing and is consequently fully familiar with Lenzing’s core business in all its content- related and geographical facets.
Outlook
The IMF left its growth forecast for 2024 unchanged at 3.2 percent and raised it to 3.3 percent for 2025. Nevertheless, a number of risks for the global economy remain.
Forecasting future economic growth is rendered more difficult by smoldering global conflicts, trade disputes, and the uncertain outcome of elections, including the USA and the EU.
Consumers are holding back on unnecessary purchases in an environment of rising prices, falling real wages in some cases, and concerns about economic growth. This is hampering a revival of the consumer apparel market, which is important for Lenzing.
The currency environment is expected to remain volatile in the regions relevant to Lenzing.
In the trend-setting market for cotton, a reduction in stock levels and a stable price trend at a low level is expected for the remainder of the 2023-24 harvest season.
Earnings visibility remains limited overall
Revenue and earnings in the first half of the year exceeded Lenzing’s expectations, despite the persistently difficult market. Lenzing is ahead of schedule with the implementation of its performance program. The company expects that the measures will make a greater contribution to further improving earnings in the coming quarters.
Taking the aforementioned factors into consideration, the Lenzing Group confirms its guidance for the 2024 financial year of year-on-year higher EBITDA.
Structurally, Lenzing continues to anticipate growth in demand for environmentally responsible fibers for the textile and clothing industry as well as for the hygiene and medical sectors. As a consequence, Lenzing is very well positioned with its strategy and is pushing both profitable growth with specialty fibers and the further expansion of its market leadership in the sustainability area.
WILMINGTON, Del. — August 6, 2024 — The LYCRA Co., a global developer of innovative and sustainable fiber and technology solutions for the apparel and personal care industries, has announced that the Science Based Targets initiative (SBTi) has approved its near-term science-based emissions reduction targets.
The LYCRA Company has announced that the Science Based Targets initiative (SBTi) has approved its near-term science-based emissions reduction targets. Photo – Business Wire
The SBTi has validated that the company’s Scope 1 and 2 greenhouse gas (GHG) target ambitions align with a 1.5-degree Celsius trajectory, as recommended by the Paris Agreement. The LYCRA Company has committed to reduce absolute Scope 1 and 2 GHG emissions by 50 percent by 2030 from a 2021 base year. In addition, the company will reduce absolute Scope 3 GHG emissions from purchased goods and services by 25 percent within the same timeframe.
“This has been a two-year effort to identify and select the best options for our business and create a road map for carbon reduction,” said Robert Johnston, executive vice president of operations at The LYCRA Co. “That plan includes changes to our processes, products, and key ingredients, as well as securing buy-in from internal and external stakeholders.”
To reduce Scope 1 emissions, The LYCRA Co. is moving to lower-impact energy sources at its production sites. Work is already underway to convert its Maydown, Northern Ireland, site to cleaner fuel sources, with project completion anticipated by the first quarter of 2025.
By converting purchased electricity to renewable sources through Energy Attribute Certificates, The LYCRA Company is also reducing its Scope 2 emissions. This has been completed at production sites in Foshan, China, and Maydown, Northern Ireland. Two additional sites are being converted over the next two years.
The LYCRA Co. also works with ingredient suppliers to convert to lower-impact inputs to reduce its Scope 3 emissions. An example is the company’s collaboration with Qore® to use its brand QIRA® to develop and commercialize bio-derived LYCRA® fiber at scale. Over the next several years, nearly 30 percent of the company’s current spandex capacity will be converted to bio-derived LYCRA fiber.
“We are committed to making positive change in our industry and have set ambitious emission targets because we believe it’s essential for business success, but more importantly, it’s the right thing to do,” said Gary Smith, The LYCRA Co.’s CEO. “By making these changes, we can help reduce not only our emissions but those of our customers as well.”
BALTIMORE, Md. — August 6, 2024 — Under Armour Inc. announced that Eric Liedtke will join the company as executive vice president of Brand Strategy following the completion of its acquisition of UNLESS COLLECTIVE Inc. (UNLESS), a zero-plastic regenerative fashion brand. The transaction is expected to be completed later this week.
Eric Liedtke, Under Armour Executive Vice President, Brand Strategy
After a 26-year career at adidas Group (adidas), culminating in his roles as brand president and executive board member from 2014 to 2019, Liedtke and industry executives from adidas, Quicksilver, and R/GA set out in 2020 to found UNLESS and pioneer a better way for the industry to prove that plants could replace plastics in the creation of apparel and footwear.
Liedtke will serve as executive vice president of Brand Strategy and be globally accountable for amplifying Under Armour’s brand identity and storytelling, its comprehensive strategic planning process, and executing transformational initiatives that accelerate growth for UA while continuing to lead and curate, UNLESS. He will report to President and CEO Kevin Plank and oversee UA’s brand presence through category marketing, consumer intelligence, creative, marketing operations, loyalty, social media, sports marketing, and all strategy functions.
“We are thrilled to welcome Eric and the UNLESS team to Under Armour. With Eric’s best-in-class history of driving exceptional growth in the branded sports industry and an established reputation as an exceptional leader, his experience will be a tremendous asset in galvanizing Under Armour’s brand strategy, refining our operating model, and ensuring that every facet of consumer engagement is moving our brand forward,” Plank said. “Complementing our strengthened leadership team – Eric is a rare multi-disciplinary professional whose track record of consumer-centric growth will help drive our company’s evolution during this unique time. I look forward to working with Eric in this important new role.”
“Sports, inspiration, and culture bring people together, and I am honored by the opportunity to contribute to Under Armour’s long legacy as an iconic brand that connects across these dimensions,” said Under Armour Executive Vice President of Brand Strategy Liedtke. “I see tremendous opportunity to elevate the brand, enable deeper loyalty, and drive growth among new and existing consumers. I am excited to work with a visionary founder in Kevin and the executive leadership team to redefine and amplify the UA story and deliver an improved trajectory of growth over the long term.”
Eric Liedtke
Before co-founding and becoming CEO of UNLESS in 2020, Liedtke built a storied career at adidas, including senior positions in footwear marketing and executive roles as vice president of Brand Marketing, senior vice president of Sports Performance Brand Marketing and head of Sports Performance, finishing as brand president and executive board member. While brand president, he is credited with orchestrating one of the most significant turnarounds in the company’s history through the creation and implementation of a five-year strategic plan that delivered more than $8 billion of revenue growth. His strategic and cultural leadership enabled adidas to break new ground in material, innovation, sustainability, and streetwear, creating conditions for consistent growth and largely responsible for the launches of the Boost footwear platform, Yeezy collaboration, and Parley line of sustainability-driven products, which were built from recycled ocean plastics. Liedtke holds a Bachelor of Arts degree from the University of Wisconsin-Madison and is an avid surfer, outdoorsman, and fitness addict.
ANN ARBOR, Mich. — August 5, 2024 — Kraig Biocraft Laboratories Inc., announced today that renowned sericulture expert, Dr. Nirmal Kumar, will rejoin the company’s team in Asia to oversee completion of the second production cycle of BAM-1 spider silk hybrids.
Dr. Nirmal Kumar rejoins the team this week, as Kraig Labs prepares to cocoon and reel the second BAM-1 hybrid spider silk production batch. This production cycle will build on the success of the first production cycle completed in July. The recombinant spider silk generated from this production batch will be available for sale and use in end-market product development.
This production cycle is the second of many scheduled for this year as Kraig Labs continues the expansion of its BAM-1 production hybrids.
The production team leaders and Dr. Kumar have remained in close daily communications over the last month, laying the groundwork and preparing the facilities for the BAM-1 hybrids, now in production. While in-person with the team, Dr. Kumar will supervise the cocoon production and monitor cocoon quality and reeling characteristics. Dr. Kumar will also lead and train the team in large-scale selective matings in preparation for a 10X increase in capacity as the rainy season concludes.
During this trip, Dr. Kumar will also review the teams’ progress in building the facilities, staffing, and equipment necessary to sustain the company’s growing operations and meet its metric-ton level spider silk production target.
“The BAM-1 hybrids, in production now, continue to show the same robustness and performance demonstrated in the spring production trials. Dr. Nirmal Kumar and our team have laid a strong foundation for the massive scale-up in spider silk production, which is now underway. I am very happy to have Dr. Nirmal Kumar rejoin our production team in person as we enter this exciting phase of the rearing cycle. 2024 has been, and will continue to be a breakout year for Kraig Labs,” said Company Founder and CEO, Kim Thompson. “The completion of this second production cycle for BAM-1 hybrids will solidify our production model and reaffirm our industry-leading position in cost-effective and eco-responsible spider silk production.”
AMSTERDAM — August 6, 2024 — Fashion for Good and its footwear focused partners adidas, Inditex, ON Running, PVH Corp., Reformation, Target, and Zalando announce an ambitious new initiative aimed at accelerating and validating the next generation of footwear innovations. This builds on the organization’s existing work leveraging their expertise in scouting, validation, and pioneering innovation and collaboration. This initiative will address the key intervention points needed to drive footwear circularity spanning four work streams across the supply chain from materials to end of use. Industry wide collaboration will be vital to overcome the various roadblocks we face in this space. Therefore, Fashion for Good is launching a call for action, asking all relevant innovators to apply and collaborators to join in the movement.
Tackling The Footwear Complexity Challenge
Around 23.9 billion shoes are produced globally each year, they are often made using over 40 different components from a range of different materials including TPU, EVA, PU and rubber. The industry faces significant challenges due to this high complexity of shoe construction. This combined with a low collection rate, results in a vast majority of discarded footwear ending up in landfills. Fashion for Good sees the need to address this challenge and focus on laying the foundation for footwear circularity as well as accelerating innovation.
Therefore, Fashion for Good will double down their work in this space, building on their existing projects including the Fast Feet Grinded pilot, which tests and validates Fast Feet Grinded’s™ footwear recycling process. Expanding on existing workstreams Fashion for Good will collaborate with our footwear focused partners, including adidas, Inditex, ON Running, PVH Corp., Reformation, Target, and Zalando.
Four Core Workstreams
To effectively address the challenges in footwear sustainability, Fashion for Good has identified the key intervention points across the shoe lifecycle and structured work into four core workstreams.
CREDIT – Fashion for Good
These workstreams include:
Materials – Scouting and validating sustainable alternatives for footwear materials including TPU, PU, EVA, leather, and rubber
Design – Defining circular design in the footwear space and collectively driving guidelines to build a circular infrastructure
End of Use: Sorting, Disassembly, & Recycling – Developing a comprehensive data set on post-consumer footwear waste flows, including (non-)rewearable fractions, volumes, construction and composition. As well as scouting and validating solutions for repair, end of use, disassembly and recycling of footwear
Traceability – Laying the foundation by amalgamating a footwear traceability data protocol to build traceability for evidence to substantiate sustainability claims
This initiative will leverage Fashion for Good’s extensive experience in orchestrating multi stakeholder projects as well as driving innovation pipeline and validation work. Collaboration with ecosystem partners, including The Footwear Collective will align efforts to achieve impactful results.
“Fashion for Good and our corporate partners, including adidas, recognize the urgent need to accelerate innovation in footwear sustainability,” said Katrin Ley, managing director, Fashion for Good. “Over the past seven years, we have consistently broken norms across various segments and are now leveraging our expertise to radically reimagine footwear. By doubling down on our efforts, we aim to drive circularity and validate sustainable solutions in a segment ripe for disruption.”
“adidas has been a partner of Fashion for Good for over six years now,” said Sigrid Buehrle, senior vice president, Product Operations, adidas. “Through this partnership, we have collaborated on a number of different sustainable innovation initiatives that are benefitting the fashion industry. Now we want to build on this know-how and expand our focus into the Footwear space. Currently, there is a limited portfolio of low-impact materials which also meet the necessary performance requirements that are also scalable. We hope this initiative will help overcome some of these hurdles.”
Call For Innovations
Fashion for Good is on the lookout for breakthrough sustainable solutions in the footwear sector that maintain performance and durability. If you have a relevant technology, whether you’re an innovator, university, or established company, we invite you to apply by September 20, 2024.
Brands, manufacturers, and ecosystem partners interested in learning more or getting involved can contact us at: projects@fashionforgood.com.
CINCINNATI — August 6, 2024 — Tide Services, a subsidiary of Procter & Gamble, bolstered its franchise development team with three industry veterans in the second half of 2023. This strategic move strengthens Tide Services’ leadership and supports its goal of becoming the top provider of on-demand laundry solutions, leveraging market trends and rising consumer demand for convenience and quality.
Team members include:
Lawrence Brown, Senior Vice President, Franchising & Development: Brown brings over a decade of executive leadership and development experience, including his role as Chief Development Officer at Fat Tuesday, where he spearheaded significant capital investments and opened ~40 stores in two years. He also served as Vice President of Business Development Americas at Restaurant Brands International, managing the expansion of Burger King across the Americas.
Ryan Stuckenberg, Director of Construction: Stuckenburg’s background is in construction and project management, having overseen over $200 million in projects annually for Luxottica stores across North America. His strategic approach to construction management and cost reduction has consistently delivered outstanding results.
Emilie DeBonadonna, Director of Real Estate: DeBonadonna brings expertise in real estate development and strategic planning from her previous role as Senior Manager of Development for Burger King. Her skills in market analysis, site acquisition and lease negotiations will support Tide Services’ expansion goals.
These professionals joined Emily Schneider, Director of Franchise Development, a five-year veteran of Tide Services who has played a pivotal role in the franchise’s growth and success.
Since joining Tide Services, Brown, Stuckenburg and DeBonadonna have become pivotal to the brand’s growth strategy. Their efforts in converting existing dry-cleaner locations and planning the opening of hundreds of new Tide Laundromat and Tide Cleaners sites over the next two years are accelerating the company’s expansion. Tide Services’ “roll-up” consolidation strategy capitalizes on the fragmented dry-cleaning and laundromat industries, strengthening and expanding the iconic Tide brand by building new organic locations and offering successful operators an opportunity to sell.
“Our team’s combined expertise is driving Tide Cleaners and Tide Laundromat to new heights,” said Andrew Gibson, CEO of Tide Services. “Alongside Emily Schneider, the team is crucial to our ambitious expansion plans and our goal of becoming the leading brand in the industry.”
Looking ahead, Tide Services is targeting major national markets while enhancing its presence in existing ones. The franchise development team is actively seeking well-capitalized multi-unit operators to join the Tide Services network.
Tide Services stands out for its commitment to sustainability, employing eco-friendly cleaning solutions and advanced technology to provide exceptional convenience and efficiency. With Tide, cleanliness and innovation go hand in hand. If it’s got to be clean, it’s got to be Tide!
For more information about Tide Services franchise opportunities, visit tidefranchise.com.
Posted: August 6, 2024
Source: Tide Services, a subsidiary of The Procter & Gamble Company
WASHINGTON, D.C. — August 8, 2024 — National Council of Textile Organizations (NCTO) President and CEO Kim Glas issued the following statement today welcoming the introduction of the bipartisan “FIGHTING for America Act, a bill that would eliminate de minimis exemptions for import-sensitive products and goods subject to trade remedies, including the majority of textile and apparel imports, while helping staunch the flow of millions of low value duty-free shipments entering the United States daily.
