UBQ Materials Raises $70 Million In Funding, Led By Eden Global Partners

TEL AVIV, Israel — September 13, 2023 — UBQ Materials Ltd., climate tech developer of advanced materials made from waste, today announced it has closed $70 million in funding, led by Eden Global Partners. Additional participants in the financing were return investors in the company, including TPG Rise Climate, TPG’s Rise Fund, Battery Ventures, and M&G’s Catalyst strategy.

The investment will support the company’s commercial, sales, and marketing scale up, as UBQ Materials continues its global expansion. This will include additional facilities in Europe and North America, alongside the impending opening of UBQ’s industrial-scale facility in Bergen Op Zoom, Netherlands. The new facility will have an annual production capacity of 80,000 tons of UBQ™, converting 104,600 metric tons of waste annually into a new raw material.

“We have long admired what the team at UBQ has built and are firm believers in the potential of the company’s groundbreaking waste conversion technology,” said David Dwek, CEO of Eden Global Partners. “At Eden, we partner with visionary companies working to shape a better future for their industries and our world, and UBQ is a pioneer in its space with the power to redefine global sustainability at scale. We believe the market opportunity for UBQ’s materials is enormous and look forward to supporting UBQ’s world-class management team as they continue to grow the business.”

UBQ Materials’ bio-based thermoplastic, UBQ, serves as a sustainable alternative to fossil-based plastics. UBQ Materials converts residual household waste diverted from landfills or incineration, including all organics, into an advanced thermoplastic material that is both climate-positive and highly recyclable. Leading industry brands have already integrated UBQ into durable and semi-durable products such as car parts, footwear, pallets, display stands, panels, planters, with customers including Mercedes-Benz, PepsiCo, and McDonald’s.

“UBQ as a sustainable material option can have a huge impact — but only with mass adoption. This means building UBQ facilities on a world-scale, which requires significant expansion and funding,” said Albert Douer, co-CEO and chairman of UBQ Materials. “Adding Eden Global Partners to our heavy-hitting investor list fuels our rapid growth trajectory as we continue to invent new material solutions that will expand humanity’s ability to use waste as a raw material.”

Over 3 billion tons of municipal solid waste (MSW) are expected to be produced annually by 2050 while current approaches to waste management continue to contribute to climate change. Landfills are the third largest human source of methane, a Greenhouse Gas (GHG) 84 times more powerful than carbon dioxide over 20 years, while incineration emits 1.7 kg CO2eq for every kilogram of MSW incinerated. Every kilogram of Israeli-manufactured UBQ replaces 1 kg of oil-based plastic, diverts 1.3 kg of waste from landfills and incinerators, and prevents up to 11.7 kg of CO2eq emissions measured over a 20-year time horizon.

“UBQ has pioneered a fully sustainable resource, pivotal for existing manufacturing industries across endless applications,” said Jack (Tato) Bigio, co-founder and co-CEO of UBQ Materials. “Beyond major brands adopting UBQ™, our compounding partners have become integral to our ecosystem allowing us to further expand our ‘Made with UBQ™’ applications and international footprint, driving a true circular economy.”

UBQ Materials is investing significantly in its R&D, developing new product lines to meet functional and performance requirements to serve the building and construction, consumer durables, automotive, and logistics and supply chain industries.

Posted: September 13, 2023

Source: UBQ Materials Ltd.

Zegna Group Reports Strong First-Half 2023 Financial Results

MILAN, Italy— September 13, 2023 — Ermenegildo Zegna N.V. (Zegna Group) today announced profit of 52.1 million euros and a profit margin of 5.8 percent for the six months ended June 30, 2023, off revenues of 903.1 million euros for the same period, as announced on July 27, 2023. The group recorded Adjusted EBIT of 119.9 million euros for the six months ended June 30, 2023, an increase of 45.0 percent year-over-year compared to 82.7 million euros in the first six months of 2022, and an Adjusted EBIT Margin of 13.3 percent, an increase of 200 basis points compared to 11.3 percent in the first six months of 2022. Adjusted Profit for the six months ended June 30, 2023, was 54.9 million euros, an increase of 32.1 million euros, or 140.5 percent, compared to 22.8 million euros for the first six months of 2022.

Ermenegildo “Gildo” Zegna, Chairman and CEO, said: “Throughout the first half of the year, Zegna Group’s unique capabilities have been on full display, contributing to continued and strong revenue growth. This is particularly evident in the outstanding performance in the United States and EMEA, as we communicated back in July, as well as in our significant progress towards growing profitability. Our performance during this six-month period again confirms the successful execution of our strategy, including our ZEGNA One Brand strategy — which is driving remarkable improvements in productivity across our direct-to-consumer stores, and our commitment to continue investing in marketing and advertising, as well as the expansion of distribution across all our brands. Our Made in Italy Luxury Textile Laboratory Platform, which directly benefit our group brands, continues to be an important part of our growth blueprint.”

“As we progress in the second half of the year, we continue to be extremely attentive on executing our plan, with a major focus on working alongside the new leadership team at TOM FORD FASHION to further develop and position the brand as an icon in ultra-luxury while also supporting the further expansion of the Thom Browne footprint. In this dynamic operating environment, we are encouraged by the strong growth we are seeing in the United States and EMEA but also acknowledge the impact of a milder recovery in Greater China. I am proud of our exceptional leadership team, and we are confident in the steps we have taken to position our portfolio of brands in the more resilient ultra-luxury segment and to strengthen the Group’s own retail network and achieve a more balanced geographical presence. There is rich and exciting potential for the Group’s three brands, and we look forward to continuing to execute our strategy to enhance their performance even further.”

Posted: September 13, 2023

Source: Ermenegildo Zegna N.V.

Filo 60th Edition: Sustainability At The Core Of The Debate In The “Dialoghi Di Confronto”

BIELLA, Italy— SEPTEMBER 13, 2023 — The appointment with the “Dialoghi di Confronto” is back at the 60th edition of Filo. These are short talks held by some of the protagonists of the textile industry, which take place over the two days of the fair, and which address highly topical issues for the textile and apparel system.

The agenda of the “Dialoghi di Confronto” of the 60th edition of Filo offers a rich program, as usual, in order to stimulate debate, reflections, and analysis among the operators concerning the most important topics related to this industry.

If the fil rouge of Filo60 is the search for a “good, healthy, clean, fair, and durable” textile, it is not surprising that sustainability is one of the most addressed issue during all the talks of the “Dialoghi di Confronto”. The discussion is dealt under different perspectives, to offer a general overview of the situation, also in relation to regulation and certification, but also to look beyond the traditional way of thinking, considering new possibilities for development offered by the commitment to sustainable production models intended for companies, also in relation to creativity.

The 60th edition of Filo takes place on 20th and 21st of September 2023 ad Allianz MiCo – Milano (via Gattamelata 5)

Posted: September 13, 2023

Source: Filo

Mack Weldon Introduces First-Of-Its-Kind Silver-Infused Denim

NEW YORK CITY — SEPTEMBER 12, 2023 — On Tuesday, September 12, the NYC based modern menswear brand Mack Weldon will be releasing the Silver Denim Collection. The company’s first foray into denim, the collection combines premium 5-pocket jean styling with a first-of-its-kind, IONIC+® silver infused denim that will stay completely odor-free for the life of the jeans, no matter how often they’re washed.

“Denim is a staple in every guy’s wardrobe, and therefore something we’ve been interested in for a while,” explains Mack Weldon Founder & CEO Brian Berger. “The challenge we gave ourselves was how can we deliver real Mack Weldon innovation in this very crowded category. We found the answer in a core material technology that we use in our premium Silver line of underwear and T-shirts.”

Mack Weldon’s Silver Denim collection was developed in collaboration with Cone Denim, a venerable American denim mill that has been producing best-in-class denim fabrics since 1891, and longtime Mack Weldon partner, Noble Biomaterials, inventor of the odor-blocking Ionic+ silver technology. Together, the companies have created a first-of-its-kind silver-infused, ring-spun cotton selvedge denim that’s guaranteed to stay odor-free for the life of the jeans.

“By working with our partners at Noble and Cone, we were able to combine Ionic+ SIlver technology with the best denim material to create something totally unique in the market. In addition to being naturally antimicrobial, our 10oz denim is the perfect year-round weight and has just the right amount of stretch, so there’s no bagging or sagging, just unfettered comfort and mobility. Our washing process also uses an eco-friendly, waterless ‘ozone rinse’ to lock in the natural dyes and give the jeans a premium raw look while minimizing water consumption.”

Additional features include durable, powder coated hardware, reflective accents on the cuffs for bike safety, bonded seams on the back pockets for reduced weight and greater longevity, and lint-preventing mesh inside the front pockets.

“We really considered every detail, and I think it shows,” Berger said. “The design is clean, the fit is flattering, the details are thoughtful, and the quality is top-notch. And of course the innovation is there, too. These jeans are polished enough for work and date nights, but also great for weekends. And no matter where or how hard you wear them, they’ll stay looking — and smelling — great!”

Posted: September 13, 2023

Source: Mack Weldon

With German, EU Funding, Orion S.A. Investing 12.8 Million Euros In Project For Circular Carbon Black

HOUSTON — September 12, 2023 — Orion S.A., a global specialty chemicals producer, is investing 12.8 million euros — including 6.4 million euros in funding from the German government and European Union — to further develop and demonstrate a climate-neutral process for producing carbon black from alternative carbon sources, the company said today.

The technology is designed to improve Orion’s yield and throughput in the production of carbon black using circular feedstocks and thus potentially reduce the carbon footprint of the process by a significant amount. This could accelerate the shift to a circular economy and feed the growing demand for sustainable materials in the tire industry.

Half of the 12.8 million euros Orion plans to invest in this initiative, called the “Clean Carbon Black Research and Development Project,” will be provided by the decarbonization program of Germany’s Federal Ministry of Economic Affairs and Climate Action, supported by the EU’s NextGenerationEU fund.

“We are grateful for the funding from the EU and the German government. It shows a great commitment to innovation and creating a circular economy,” Orion CEO Corning Painter said.

“For years, Orion has been a leading innovator in making carbon black from circular feedstocks,” Painter added. “The Clean Carbon Black Research and Development Project’s aim will be to develop ways to reduce the carbon footprint and improve the yield and throughput, potentially lowering the cost of the material. Technological breakthroughs in this increasingly important field could have significant ramifications for energy integration and the molecular recycling of tires.”

A research facility is being built for the project at Orion’s main innovation center at its plant in Cologne.

Posted: September 13, 2023

Source: Orion S.A

Spinnova And Renewcell Announce Cooperation To Scale Circular Fashion

JYVÄSKYLÄ, Finland — September 13, 2023 — Spinnova, the sustainable textile material company, partners with Swedish textile recycling innovator Renewcell to develop and promote a concept to commercialize and scale textile waste-based fiber. The collaboration is the first of its kind, where textile waste-based fiber can be spun into new fiber without harmful chemicals. The first consumer products from this new textile fiber are estimated to be available by the end of 2024.

Award-winning circular innovation companies Spinnova and Renewcell have announced their cooperation to introduce a technology concept for scaling the production of next-generation textile fiber from textile waste. The new fiber production concept combines patented technology from both companies and advances the circularity in the fashion and textile industries.

Pioneering a circular economy in the fashion industry, Renewcell recycles cellulosic-rich textile waste such as cotton and viscose using a patented process, which transforms textile waste into a pulp product called CIRCULOSE®. This biodegradable raw material is produced from 100-percent recycled textiles and can be used to create new fiber. Until now, CIRCULOSE has been used to create man-made cellulosic fibers, such as viscose. With Spinnova’s transformative technology, the partners can turn CIRCULOSE into a new, biobased textile fiber without any harmful chemicals in the fiber spinning process. This is a remarkable step towards addressing the industry’s growing textile waste problem, while setting new standards for sustainable textile fiber production.

Spinnova has already made successful trials spinning the CIRCULOSE pulp into new textile fiber. The first batches of SPINNOVA fiber made with 100-percent CIRCULOSE have been produced for yarn and fabric development, and the first prototypes are made from a blend of cotton and SPINNOVA fiber made with CIRCULOSE.

“The fashion and textile industry needs new solutions and collaboration across its supply chain, which makes this such an exciting partnership for us. Our goal is to accelerate the fashion industry’s transition to a circular economy and explore options to scale textile-to-textile fiber production. Developing our partnership with the skilled Renewcell team has been a great pleasure and the first tests combining Renewcell’s material and Spinnova’s technology have been very promising,” said Ben Selby, Spinnova’s deputy CEO.

“The textile industry is in the middle of a massive change, when moving from a linear business model to a circular economy. Change requires new partnerships and brave, innovative players. Learning more about Spinnova’s technology has been really exciting and we can’t wait to launch the first collection made from CIRCULOSE using Spinnova’s unique fiber spinning technology,” continued Patrik Lundström, CEO at Renewcell.

The companies are currently assessing options to start scaling textile-to-textile fibre production with potential partners and expect to start developing the first consumer collection made from CIRCULOSE-based SPINNOVA fiber. The first consumer products are estimated to enter the global market at the end of 2024.

Posted: September 13, 2023

Source: Spinnova

Pantone Color Institute Releases The Pantone Fashion Color Trend Report® Spring/Summer 2024 For New York Fashion Week


CARLSTADT, N.J.  — September 7, 2023 — Pantone LLC, the global authority on color and provider of professional color standards for the design industries, today released the Pantone Fashion Color Trend Report® Spring/Summer 2024 edition for New York Fashion Week (NYFW). Published for the fashion industry by the Pantone Color Institute, the trend forecasting and color consultancy, this season’s report features the top ten standout colors, as well as five new core classics we can expect to see as fashion designers introduce their new spring/summer collections.

According to the Pantone Color Institute, the chosen colors for NYFW Spring/Summer 2024 are infused with a hint of nostalgia yet at the same time speak to transformation as we embrace a more positive way of living. A new sense of freedom is reflected in this palette of evocative yet familiar tones that open the door to the exploration of our creative potential and to re-visualize the future. With the desire for personal self-expression at the center of fashion, feelings of joy and comfort come through in the colors we engage with as we boldly enter this new era.

“Colors for NYFW Spring/Summer 2024 inspire feelings of release. Opening the imagination and amplifying and liberating our own unique artistic spirit, they enable us to express ourselves in more inventive ways”, said Leatrice Eiseman, Executive Director of the Pantone Color Institute. “A harmonious mix of familiar shades infused with a contemporary edge, colors for NYFW Spring/Summer 2024 introduce a new interpretation of current times as memories of the past and a glimpse of the future bring hope for the present”.

About the NYFW Spring/Summer 2024 Color Palette:

A range of lively colors inspire personalized self-expression and feelings of freedom.

  • PANTONE 18-1355 Rooibos Tea TCX: Rooibos Tea, a full-bodied red imbued with rich, woody notes.
  • PANTONE 17-1461 Orangeade TCX: A sweet and mildly tangy red-orange hue, Orangeade has a fruity citrus touch.
  • PANTONE 17-0220 Watercress TCX: Watercress, a refreshing peppery green with a sprightly presence.
  • PANTONE 15-1435 Desert Flower TCX: Desert Flower is a warm and engaging pink whose blooms thrive under the sun.
  • PANTONE 15-4030 Chambray Blue TCX: Chambray Blue, a brightened denim blue infused with an easy vitality.
  • PANTONE 14-3812 Pastel Lilac TCX: A soft and powdery lavender hue, Pastel Lilac is suggestive of a sweet aroma.
  • PANTONE 18-3932 Marlin TCX: Marlin, an aquatic blue native to tropical and temperate waters.
  • PANTONE 12-0736 Lemon Drop TCX: Sugar coated Lemon Drop is filled with zest.
  • PANTONE 16-5938 Mint TCX: Mint, a cooling mentholated green that is a breath of 
fresh air.
  • PANTONE 15-4722 Capri TCX: Vibrant Capri is a bright blue hue reminiscent of the azure 
colored waters of the blue grotto.

About the NYFW Spring/Summer 2024 New Classics:

Reliable core tones infused with a contemporary edge create new visions of tradition.

  • PANTONE 11-4001 TCX Brilliant White: Clean, crisp, and pristine Brilliant White is
  • PANTONE 14-1305 TCX Mushroom: temperature and tone.
  • PANTONE 14-4104 TCX Northern Droplet: A rainy day gray, Northern Droplet promises a quiet respite.
  • PANTONE 18-4006 TCX Quiet Shade: Quiet Shade, a shadowy gray that offers a protective shelter.
  • PANTONE 16-1317 TCX Brush: A utilitarian khaki hue, Brush provides a natural blend to its surroundings.

Posted: September 12, 2023

Source: Pantone

Santoni Shanghai Acquires A German Knitting Machinery Maker Terrot In Move To Create A New Ecosystem

CHEMNITZ, Germany — September 12, 2023 — Santoni Shanghai Knitting Machinery Co. Ltd., founded and wholly owned by Italy’s Lonati family, today announced the strategic acquisition of Terrot GmbH, a leading manufacturer of circular knitting machines based in Chemnitz, Germany. The move comes as the latest development in Santoni Shanghai’s long-term vision to build an ecosystem that aims to reshape and consolidate the circular knitting industry. The transaction will be finalized pending approval from Chinese regulatory authorities.

The global circular knitting machine market is expected to see significant growth in the coming years, with a July 2023 report from Consegic Business Intelligence forecasting a 5.7 percent CAGR from 2023 to 2030, propelled by an increasing consumer preference for breathable and comfortable knitted fabrics as well as increasingly diversification of demand for knitted apparel. To seize this market opportunity, Santoni Shanghai has developed an ambitious strategic plan centered around innovation, sustainability and digitalization. The new partnership with Terrot aims to further this strategy by enhancing Santoni’s integrated and scaled-up ecosystem, while also driving the sustainable development of the global knitting machinery industry.

“The integration of Terrot, which also includes the well-known Pilotelli brand, will bring an immediate and extraordinary boost to our products portfolio,” said Gianpietro Belotti, CEO of Santoni Shanghai. “Terrot’s incredible technical capabilities, extensive product range and vast experience in serving customers all over the world will enable us to better achieve our shared aspirations. We are very excited about this partnership and look forward to working with Terrot as we move towards establishing a pioneering industry ecosystem, realizing our mission to providing customers with an utterly new knitting experience.”

“We see our machines not simply as isolated units of production, but rather as parts of a holistic and integrated ecosystem,” Gianpietro Belotti added. “Each part of this ecosystem is interconnected with the entire industry chain, bolstered by our recent advances in digitalization and our century long expertise. The new synthesis will offer now the largest range of technical solutions available in the market, which we believe will enable us to satisfy the needs of all the investment levels. Through our partnership with Terrot, we are one step closer to fulling our vision of innovatively consolidating the entire industry.”

“With the strategic investment of Santoni, we aim to strengthen our position as the preferred solution provider to many of the world’s leading textile manufacturers and top brands as well as continue working with industry talents as we provide valuable and essential know-how to drive premium ‘Made in Germany’ textile machinery.” said Robert Czajkowski, Managing Director of Terrot GmbH. “We have found a strong, globally active partner with clear dedication to quality, performance and excellent expertise in all circular knitting segments, who understands the unique value proposition and potentials of our portfolio and with whom we can realize our growth objectives,” he added.

Terrot GmbH Co-Managing Director Dirk Lange expressed his similar conviction that Santoni was the perfect partner for Terrot’s ambitions: “Having defined our strategic growth targets, we are now embarking on the next exciting chapter in our long and successful history, one that includes a 160-year tradition of textile machinery manufacturing.”

By creating synergies and integrating capabilities in production, sourcing, innovative technologies, sustainability, software and digitization, both parties are confident that future joint projects will present numerous opportunities to serve all of major textile manufacturing centers like China, ASEAN countries, South and Central Asia, Mediterranean Countries and the Americas by unlocking exceptional value for all global textile and apparel players.

Posted: September 12, 2023

Source: Santoni Shanghai Knitting Machinery Co.

Herman Miller Introduces Fuld Nesting Chair Designed By Stefan Diez

ZEELAND, Mich. — September 12, 2023 — Herman Miller has introduced Fuld Nesting Chair designed in collaboration with Stefan Diez — a sleek, minimalist design that enables flexible configurations for workspaces.

With its refreshing aesthetic, Fuld is a standout among nesting chairs — enabling organizations to reconfigure space for different uses such as breakout sessions, corporate training, and educational events — without sacrificing style. Available in dipped-in-color options consisting of the seat, seat-back, and legs in one hue and dual-color combinations, Fuld elevates the experience of a nesting chair.

Fuld eschews the typical X shape of a nesting chair for a streamlined inverted Y with tubular arms. The back has a touch of elasticity, which keeps you comfortable as you shift. With its unique lines and variety of colors, the reimagined seating mainstay enlivens any space, even when stored in the open.

“We’re excited to welcome Stefan Diez to the Herman Miller portfolio after his work for the wider MillerKnoll collective,” said Malisa Bryant, senior vice president of Global Product, “Diez prioritizes sustainability and innovation within his designs which have long been core values for Herman Miller.”

A long-standing commitment to the environment drove Diez’s design of Fuld. Its minimalistic design and pioneering one-piece construction where the back rest, arms and back legs are one continuous piece. The chair comprises just two materials for easy recycling at the end of its lifecycle. An optional 3D Knit textile seat is also available that is made from 50 percent post-consumer recycled content, and because it’s knitted to the chair’s exact dimensions, there’s no fabric waste.

“I am thrilled to have designed the first nesting chair for Herman Miller,” said Stefan Diez. “There’s no other company that cares so much about engineering and quality. It’s very supportive, it’s quite unparalleled, very forward-thinking. The collaboration with Herman Miller never feels like it’s driven by constraints, but driven more by an idea. It’s clear what we’re working for: The product that comes out from the process is not a product that is a compromise, and that’s what I love.

The chair was previewed during MillerKnoll Design Days where it was announced as a MetropolisLikes Award Winner. It will be available to contract customers for purchase through Herman Miller and MillerKnoll dealers. Visit the Herman Miller website for additional details.

Posted: September 12, 2023

Source: Herman Miller

Lee® Launches The Reimagined Women’s Lee Rider Jean

GREENSBORO, N.C. — September 12, 2023 — Today, Lee® announces the launch of the reimagined women’s Lee Rider Jean, which pays homage to Lee’s original denim designs created more than 75 years ago.

This latest release is a celebration of fearless originality, combining the best of modern construction with iconic Lee® details in designs cut to fit women of today. For over 130 years, Lee has been at the forefront of revolutionizing denim, democratizing fashion, and outfitting generations with innovative comfort and style.

In 1947, Lee introduced the Lady Lee Rider Jean, the first jean designed to fit the shape of a woman’s body. This groundbreaking adaptation of the original men’s 101 Rider cowboy jean — first made in 1924 — catered to the utility, toughness, and freedom women needed to navigate the world with purpose, confidence, and effortless cool.

Now the women’s Lee Rider Jean is reborn, infusing all the original swagger of that vintage cowboy original but tailor-made for her. The launch introduces two must-have versions of the timeless straight-legged silhouette: the Rider Classic Jean, a mid-rise jean with a straight leg and relaxed fit and the Rider Slim Straight Jean, a mid-rise jean with a straight leg and slimmer leg fit. Both styles balance between feeling not too loose and not too tight, offering a comfortable, stylish, and flattering fit.

“Lee has been designing denim for women longer than anyone; we have 70+ years of expertise in creating the fit for her,” said Betty Madden, vice-president of global design, Lee. “This new iteration of one of our original jeans takes the best of our heritage — beautiful fabric, iconic details and trim — and combines it with a modern fit that we think today’s woman will wear anywhere.”

The Rider Jean retails between $88-$108 and is available in sizes 24-35. Each style is available in four different washes. The Rider Jean is available on Lee.com and Lee® owned sites and stores in Europe and North America as well as retailers such as Anthropologie, Nuuly and select boutiques.

Posted: September 12, 2023

Source: Lee®, a Kontoor Brands brand

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