India ITME Exhibitor Preview: Marzoli

BRESCIA, Italy — December 7, 2022 — Marzoli – a Camozzi Group company and supplier of complete spinning lines, components and digitalized solutions that optimize the performance in the spinning process, will exhibit at India ITME (Hall 11 – Booth C17), Greater Noida, Uttar Pradesh, December 8th-13, 2022.

India is playing a key role in the present global textile scenario and continues to be the enabling ground for the textile machinery manufacturers. We launched our branch, Marzoli India, more than 10 years ago with the aim of providing outstanding value to the market, and during ITME we will announce our 2025 strategic roadmap for the market.

Marzoli’s roadmap has the ambitious goal to shape the future of the Indian textile industry, focusing on 6 strategic pillars:

“Made in India”. Thanks to the assembly of machinery and systems in our plant in Coimbatore, we are increasing the production capacity for the whole product portfolio. By the end of 2023 we will achieve the full increment of 40%. A well-proven supply chain with international and local partners and a local stock of spare parts have been established to maintain the highest quality standards on the product and service. Well-trained and skilled engineers in Marzoli India guarantee the finest assembly of our machines complying with Marzoli Group’s well-proven procedures and a team of engineers support our customers on the market with commitment, starting from the internal assembling, factory testing, erection and final set up, creating a direct connection and flow of technical competences, delivering passion and the over 170 years of Marzoli textile culture.

Digitalization and AI. The long-term vision and innovative Digital journey, that Marzoli and Camozzi Group have designed in 2010, have made it possible to develop the first A.I. enabling platform dedicated to the textile industry. Our Digi4spin centre based in Marzoli India will support the customer through advanced remote services and training activities. Digi4spin will sustain the corporate’s organization for accelerating the digital transformation processes and culture through a specialized academy. As well as promote the adoption of A.I. technologies in the industry

Automation. More than 170 years of textile technology and optimization of the spinning process result in a strong commitment towards automation of production lines and processes. We firmly believe Automation, directly connected with Digitization and AI, constitute the enabling platform necessary to standardize quality, improve performances and productivity. The capability to fit an advanced automation system to the existing ecosystem, improving workplace conditions, workers engagement, while reducing wearing and alienating tasks, is a tailor made approach which Marzoli is going to deliver and promote through Marzoli India

Italian design. Being a brand that represents the Italian design excellence in the textile machinery sector means creating unique tailor-made solutions designed on customer needs which combine innovation and tradition, creativity and accuracy, reliability and out of the box approach, distinctive traits of the Italian culture. Innovation: in the development of new products and processes from a sustainable and digital point of view. Tradition: to fully take advantage of the experience and competences and transform them into a well-established know-how.

Customized engineering services. We want to address the needs of our customers with tailored solutions. We want to do this by intercepting and understanding the emerging trends, working in close contact with customers, research institutes, competence centers and technological suppliers to create value through a careful activity of engineering and networking. We want Marzoli India to be an open house for our customers, where different ecosystems can meet and share ideas to create disruptive concepts and solutions.

Circular economy. Make circular economy real, in the textile industry, is our vision. Our

mission: the development of circular technologies and processes to carefully balance economic and environmental sustainability. Marzoli India circularity program is aimed at promoting a supply chain alliance able to realize full industrial projects for the regeneration of valuable fibers from post-industrial and post-consumer fabrics.

“Differentiate ourselves to differentiate your business.” This is our mission and our everyday commitment.

Marzoli has spent the last ten years concentrating its efforts on research and innovation in order to develop an exclusive textile engineering concept that consists of four distinct, interconnected, and complementary technological areas:

– Spinning technology

– Digital textile

– Nonwoven solutions

– Circular technologies

The phrase “Textile Engineering” – incorporated in the Marzoli’s logo – perfectly expresses this ability to innovate and work in close contact with customers, supporting them to create value, providing the know-how able to support the customer throughout all phases of the process: from feasibility and preliminary studies to plant construction, line start-up, optimisation, management and subsequent commissioning. Added to this: staff training and organisation of maintenance activities; turnkey solutions and support in financing activities; business plan development; automation level analysis and project management.

This approach makes Marzoli the global partner for the textile industry of the future.

SPINNING TECHNOLOGY

Marzoli is one of the leading manufacturers of complete lines for opening, preparation and spinning of natural, synthetic and technical fibers.

At ITME, Marzoli will display the roving frame technology FT-D, which is pushing the limits of the performance: wide flexibility, high productivity, quality, space savings, power savings, full integration into any kind of spinning sections. High degree of automation and digital integration.

During the event there will be also the possibility to discover more about:

CMX: the new state-of-the-art combing technology which, with 10 combing heads, guarantees a level of productivity 25% higher than the previous model, along with energy savings equal to 20% kWh/kg. C701: The innovative and advanced card designed to be flexible for all types of fibers. With a carding area of 3.74 sqm this card grants a superior trade-off between quality and productivity. Integrated Spinning Technology: the concept of a full mechanical and logical integration of every machine of the spinning unit. These solutions disclose all their potential in terms of superior flexibility and efficiency, supported, for the first time in textile industry, by the technological paradigms of M2M and M2H.

DIGITAL TEXTILE

Another strength is its expertise in developing the most advanced digital technologies: at ITME, Marzoli will present 5 solutions for a fully digitalized spinning mill.

Marzoli (Marzoli Remote Maintenance): the world’s first AI based platform able to analyse Big Data generated by machinery processes and also to continuously monitor mission critical operations. This ensures a reduction of machine downtime, a longer useful life of parts, and more timely and effective maintenance.

Alongside this, integrated management can be enabled by YarNet, highly innovative software, through which users can easily manage the entire spinning process directly from their PC. With it, every machine in a plant can be monitored with ease – a real value-added technology for customers aiming to maximise productivity and profitability.

Brain Box: the patented Marzoli software with an integrated APP, based on AI technologies, which significantly improves plant performance. Tests confirm that Brain Box can generate a 5.5% increase in productivity, an 8% increase in efficiency, and 1.5% in energy savings.

TAOMAPP: the innovative approach to cotton analysis in which the trash level inside the cotton is accurately determined through photographs taken by a smartphone. It is based on ultra-high resolution image recognition techniques and quantifies the results on the Marzoli Trash Index. You just need to download the app, start the analysis and get the benefits.

Trash Analyzer: the tool that analyses cotton trash content to optimise machinery set-up. It can be applied wherever there is a flow of material in a pipeline. During ITME it will be possible to see first-hand this advanced technology

These 5 solutions, constantly monitoring machines and process performance, allows to make intelligent and informed decisions, based on constantly updated information. Each of these decisions is a further step to increase the flexibility and customization and to reach the highest level of efficiency and productivity to become more valuable on the market.

NONWOVEN

With its deep experience and technological knowledge in fibre preparation and through an established network of partnerships, Marzoli is uniquely qualified in the implementation of nonwoven plants for the following range of applications: wipes, medical-surgical, disposable and filtration products.

CIRCULAR TECHNOLOGY

Since 2012, Marzoli has focused on continuous innovation in the mechanical regeneration of textile fibres. Its know-how focuses on the transformation of post industrial and post consumer textile waste, creating high-value recycled fiber to be process with ring spinning tecnology.

“For Marzoli, developing and adopting green technologies means carefully balancing business needs with environmental sustainability. Circularity through fabrics regeneration is creating a synergetic value chain that benefits all stakeholders” explains Cristian Locatelli, Marzoli General Manager

Established in 1851 and part of the Textile Division of Camozzi Group since 1999, Marzoli is one of the major worldwide brands in the textile sector and a unique European manufacturer of complete machine lines for the opening, preparation and spinning of short-staple fiber.

From bale openers to ring spinning frames, Marzoli offers advanced technology for completely automated spinning mills. Through its global sales and service network, its expertise with each type of fiber and its application, as well as its experience of the entire manufacturing process, Marzoli represents a skilled and reliable partner.

Synergies with the digital capabilities of the Camozzi Group have enabled the development of software solutions that enable informed and optimized management of the spinning process.

Established in 1964, the Italian Camozzi Group is a global leader in the production of components and systems for high-tech industrial automation in the manufacturing, life science, robotics and mechatronics sectors. The Camozzi Group also produces specialist machine tools and provides expert additive manufacturing solutions for the aeronautics, space and energy industries. It operates across a variety of additional sectors from textiles machinery to raw materials processing, including composites, titanium and aluminium.

Continuous research and technological development are the basis of the Group’s corporate strategy and, combined with the use of IIOT digital solutions as well as our commitment to social responsibility, form the core principles that inspire the entire Group.

The Camozzi Group is represented in 78 countries worldwide, has 38 branches, 2956 employees, 5 operating divisions and 25 production sites.

Posted: December 7, 2022

Source: Marzoli – A Camozzi Group Company

TENCEL™ And RCGD Global Bring Eco-Couture To The Spotlight At The World Premiere Of “AVATAR: The Way Of Water”

LENZING, Austria — December 7, 2022 — Lenzing’s flagship textile brand, TENCEL™, joined forces with RCGD Global once again to spotlight eco-couture on the red carpet of the “AVATAR: The Way of Water” premiere. Dressed in sustainable bespoke outfits made from TENCEL branded fibers and TENCEL LUXE filament yarn, Suzy Amis Cameron and James Cameron represented RCGD Global on the red carpet, following the organization’s newly launched sustainable style guide.

“TENCEL has a long-standing partnership with RCGD Global to promote eco-couture at the Oscars. We are proud to extend the collaboration to other red carpets and further promote the adoption of sustainable materials in luxury fashion and beyond. Red carpet events does not only reach a wider audience, they are also great platforms to demonstrate that fashion can be sustainable. Through leading by example, together, we can propel the fashion and textile industry towards a more sustainable and circular future,” said Harold Weghorst, global vice president of Marketing and Branding at Lenzing AG.

“We are once again delighted to collaborate with TENCEL on another momentous occasion for RCGD Global. Avatar II is a film close to our hearts and one with such an important sustainable message. For our first ever red-carpet moment beyond the Oscars, we wanted to shine a light on fabric innovations and showcase eco-conscious fashion in a way the mirrored the films core theme,” said Samata Pattinson, CEO at RCGD Global.

Suzy Amis Cameron stunned in an ethical and eco-responsible custom-made Vivienne Westwood gown made from a luxurious navy fabric that featured TENCEL branded lyocell fibers. The gown presents a draped bodice and an elegant train that delicately cascades from the shoulder to the ground.

At the event, James Cameron wore a beautiful timeless Huntsman black tuxedo, made from TENCEL Lyocell fibers.

RCGD Global and TENCEL continue their partnership to showcase occasion wear using materials made of cellulose-based botanic materials or recycled materials to drive circular economy in fashion. To qualify as an RCGD Global ecoconscious garment, each piece must be made from sustainable materials -including organic, recycled or repurposed fibers. Derived from sustainably sourced natural raw material wood, TENCEL Lyocell fibers are fully biodegradable and compostable. The fibers are also produced in an award-winning closed-loop process that maximizes resource efficiency with low environmental impact. Apart from its strong sustainability profile, TENCEL Lyocell fibers are known to be naturally soft and smooth to the touch and breathable, providing the wearer with long-lasting comfort. The fibers also give the end fabric a luxurious sheen and high drapability.

Posted: December 7, 2022

Source: Lenzing Aktiengesellschaft

Lenzing And Renewcell Sign Large-Scale Supply Agreement Further Closing The Loop In Fashion

LENZING, Austria and STOCKHOLM, Sweden — December 6, 2022 — The Lenzing Group, supplier of sustainably produced specialty fibers, and Renewcell, the Swedish textile-to-textile recycling pioneer, have today signed a multi-year supply agreement to accelerate the transition of the textile industry from a linear to a circular business model. The agreement contains the sale of 80,000 to 100,000 tonnes of Renewcell’s 100 per cent recycled textile Circulose® dissolving pulp to Lenzing over a five-year period, for use in the production of cellulosic fibers for fashion and other textile applications.

“The textile industry must change. By signing the agreement with Swedish textile-to-textile recycling company Renewcell, Lenzing is able to further integrate recycling and accelerate the transition of the textile industry from linear to circular. As champions of sustainability, we know that moving towards a circular economy is vital to address the enormous textile waste challenges of the industry”, says Christian Skilich, chief pulp officer of the Lenzing Group.

“Lenzing is a major player in our industry, with an inspiring track record of path-breaking technical excellence and sustainability leadership. Our new partnership fits perfectly into Renewcell’s strategy to accelerate the scale-up of circular materials by collaborating with fashion’s most important players. We are more than pleased to join forces with Lenzing with the shared goal of making fashion circular,” said Patrik Lundström, CEO of Renewcell, in a comment on the agreement.

Canopy, a not-for-profit environmental organization dedicated to protecting forests, species, and climate, welcomes the agreement between Lenzing and Renewcell. “Accelerating the transition to low-impact, circular production is the challenge of the decade for the fashion industry. That is why this partnership between Renewcell and Lenzing is so refreshing – it will bring low-carbon Next Gen solutions to market at scale,” exclaimed Nicole Rycroft, Executive Director of Canopy. “With the climate and biodiversity clocks ticking, the race to circularity is one we need all companies to win.”

With its REFIBRA™ and Eco Cycle technologies, Lenzing offers solutions for transforming the textile and nonwovens industries towards a circular economy. It is an essential part of Lenzing’s corporate strategy and ambitious sustainability targets to become a true champion of circularity and to offer TENCEL™ and LENZING™ ECOVERO™ branded specialty textile fibers with up to 50 percent post-consumer recycled content on a commercial scale by 2025. To reach this goal Lenzing partners with recycling pioneers like Renewcell.

Circulose originates 100 per cent from textile waste, like old jeans and production scraps, and turns into dissolving pulp. It transforms textile waste and production scrap into new high-quality textile products.

Posted: December 6, 2022

Source: Lenzing Aktiengesellschaft / Renewcell

Loepfe Brothers Ltd. Expand Globally Creating Local Business Units In China, India And Turkey

WETZIKON, Switzerland — December 6, 2022 — The integration of trusted service partners strengthens relationships with local customers and creates opportunities to collaborate on future product development.

As part of its ongoing commitment to customer-centricity, Loepfe Brothers Ltd. has announced its expansion into China, India and Turkey. The strategic integration of key service partners creates dedicated business units that can provide a local service to customers, while drawing on the international support within the Vandewiele group.

Decades spent as trusted service partners ensures continuity and stability for clients during the integration period, with experienced and knowledgeable staff continuing to provide customer service and technical support. Further, clients will have the opportunity to impact the company’s future product portfolio more directly. Direct feedback will lead to clients being a key part of solution testing and development, and to products being more closely aligned to their needs.

These strategic moves have been undertaken as part of Loepfe’s long-term goal to provide more direct operational and strategic support to customers in the key markets, Turkey, India and China. The Loepfe business units remain independent within the Vandewiele structure.

Jürg Schneider, head of Sales & Service at Loepfe Brothers Ltd., said: “By being much closer to our customers, we’re able to offer even more effective local installation, training and troubleshooting services. We want to thank our integrated service partners, who have successfully served our customers in key markets for years, for the smooth integration process. Every member of staff will continue to play an integral part in this transition, ensuring stability for our customers.”

Dr. Ralph Mennicke, CEO of Loepfe Brothers Ltd., stated: “This strategic move reinforces our commitment to the three markets, Turkey, India and China. Our teams on the ground will provide product updates, upgrades and trainings, while collecting invaluable customer feedback. We warmly welcome each individual within our new business units to the Loepfe family. Their expertise and local insight are key to the success of Loepfe and play an essential part in our ongoing transformation.”

Posted: December 6, 2022

Source: Loepfe Brothers Ltd.

Trident Ltd. (India) Joins International Textile Manufacturers Federation (ITMF) As Corporate Member

ZURICH — December 6, 2022 — The group began with a solitary unit making high-quality yarn. However, in due course, the group catapulted itself to become the largest manufacturer of terry towels and one of the largest integrated home textile manufacturers in the world. From Punjab the company is supplying to the homes of millions of customers across 100 countries.

In the meantime, Trident has also diversified beyond home textile products by successfully diversifying into paper, chemicals, energy, and more.

Abhishek Gupta, chief strategic marketing, said: “Joining an international industry platform like ITMF is offering access to the various statistics, reports, webinars, and meetings that help explain the short- and long-term dynamics of the global textile industry. Furthermore, having the opportunity to attend the exclusive ITMF Annual Conferences is another important aspect. In today’s world meeting industry colleagues on a personal level in an atmosphere of trust and respect is invaluable. ITMF offers both, concrete data and facts about the global textile industry as well as personal relations within this industry across countries and segments.”

Dr. Christian Schindler, director general of ITMF, stated that: “it is an enrichment for ITMF and its members that a company like Trident joins ITMF as a Corporate Member. Trident is one of the leading producers of home textiles in the world supplying retailers and brands around the world. Therefore, the company provides an important international perspective on many issues ranging from sustainable production to social compliance. Joining ITMF offers Trident a network of international companies covering the entire textile value chain that will help to better understand and navigate the changing business environment.”

Posted: December 6, 2022

Source: International Textile Manufacturers Federation (ITMF)

Fibre52™ Cotton Technology Introduces An Up To 50 Percent More Sustainable, Ultra-Performance Version Of Cotton

HOUSTON — December 6, 2022 — Fibre52™ Cotton has unveiled a patent-pending technology to revolutionize the way cotton is prepared and dyed, substantially minimizing the use of water and energy, and eliminating harsh chemicals while also offering a more durable and vastly improved natural-performance cotton fiber to rival synthetics.

The traditional cotton treatment method, used for nearly 80 years, has involved hazardous chemicals and high heat that weaken the cotton fibers. Fibre52 cotton’s licensed process replaces harmful chemicals with bio-active products and uses lower levels of heat in the pretreatment process, saving up to 50 percent in water, energy use and process cycle time. By including Fibre52’s dye technology, the cotton retains its natural properties and allows moisture to be transferred away from the skin, as opposed to the normal clingy feel of cotton. Fibre52 cotton serves as a smart moisture and thermal regulator, forming a layer of dry air next to the skin and ranking it high on the comfort scale.

“Fibre52’s patent-pending technology combines the comfort of cotton with strength properties and moisture-management performance much better than poly-anything does, so you can be comfortable in a wider range of temperatures,” said Laura Thornquist, president of Fibre52. “This inexpensive, eco-friendly alternative technology is easily transferable, allowing textile manufacturers to utilize current machinery with no additional capital investments and repeatable in resultant coloration and shade of material with no need to change dye recipes.”

Fibre52 underwent a rigorous series of tests, overseen by NCSU and SGS to prove performance functionality. The results rank Fibre52 high on dynamic cooling and drying rate tests as well as high marks for low pilling and improved tear strength. The tests revealed Fibre52 cotton provides a steady heat flux and a short drying time, proving the wearer would feel more comfortable in hot and cold temperatures due to the slow change of the micro-climate.

“For decades, polyester and cotton have been in a race to be the fabric that contains the best properties of synthetic and natural fibers,” said Harrie Schoots, President of the American Association of Textile Chemists and Colorists. “Fibre52 gives a big lead to the cotton team in this race to produce an ultra-performance fabric, with no treatments, that brings the best of both worlds: optimal continuous comfort in a breathable natural fabric that manages moisture and dries quickly.”

Fibre52 also represents a significant step forward in sustainability for both the manufacturing process and the fashion industry. The new method replaces harmful chemicals with bio-active products, uses up to 50-percent less water and electricity, and saves up to two hours in the dyeing process. With its performance qualities, Fibre52 additionally makes it easier to replace petroleum-based fibers and fabrics and advances the circular economy with a recyclable fabric that lasts longer.

Posted December 6, 2022

X-Rite Announces New Ci7830 and Ci7630 Reflectance Benchtop Spectrophotometers

GRAND RAPIDS, Mich. — December 6, 2022 — X-Rite Inc. and Pantone LLC, global leaders in color science and technology, announce the release of the Ci7830 and Ci7630 reflectance benchtop spectrophotometers ideal for textiles, paint and coatings, plastics, building materials, and home goods. Used as part of a digital workflow, the Ci7830 and Ci7630 deliver the measurement precision required to seamlessly communicate, share, and coordinate color-critical values and specifications across the supply chain. These instruments are designed to provide high value at an affordable cost to help manufacturers maximize productivity and manufacturing uptime and improve sustainability efforts.

“Many brands require their supply chain partners to leverage digital color workflows and submit color data for approvals rather than a physical sample in order to reduce waste and rework and to decrease global footprints,” said Matt Adby, product management director, X-Rite. “With the Ci7830 and Ci7630, we are able to offer customers a range of connected color solutions to fit their unique application requirements, brand specifications, and budgets.”

The Ci7830 reflectance benchtop sphere spectrophotometer offers high inter-instrument agreement and repeatability to meet tight color tolerances across the supply chain. The Ci7630 is a mid-range reflectance device ideal for manufacturers that need to control color with less demanding tolerances. Both instruments bring a level of reliability, traceability, and accuracy to the digital color workflow. In addition, the devices’ internal sensors report humidity and temperature as part of the measurement audit trail.

The Ci7830 and Ci7630 support an end-to-end digital color workflow and integrate with X-Rite software to improve color communication, prototyping, formulation, production, and quality control for predictable color results. With Color iMatch formulation software, customers can quickly identify optimal initial color matches and reduce wasteful formulation attempts. Using Color iQC quality assurance software helps determine whether a sample is within tolerance, and if not, provides feedback to get it on target. For brands and suppliers looking to bridge the gap between physical and virtual prototyping, PANTORA™ color appearance software can use the spectral data from the Ci7830 and Ci7630 to render color of the material sample.

X-Rite will showcase the Ci7830 and Ci7630 at India Textile Machinery Exhibitions Society (ITME) 2022 in booth H5 J11, December 8-13 in Noida, India.

Posted December 6, 2022

Inditex And BASF Develop The First Detergent Designed To Reduce Microfiber Release From Textiles During Washing

LUDWIGSHAFEN. Germany and ARTEIXO, Spain — December 1, 2022 — Inditex brand Zara Home launches today the first laundry detergent designed to reduce microfiber release during washing, which will be available both in the brand’s stores and online.

Developed jointly by Inditex and BASF Home Care and I&I Solutions Europe, in Spain and Germany, the innovative solution may reduce microfiber release by up to 80 percent depending on fabric type and washing conditions. These results have been tested by several research institutions.

The detergent formula containing efficient ingredients was tested in the laboratory using different textile types and washing conditions. The results show that the detergent is particularly suitable for washing at low temperatures which brings additional advantages: end users can lower their energy consumption- by reducing the temperature for example from 40°C to 20°C and thereby reduce their carbon footprint. Colors stay bright for longer, extending the life of the textiles.

Availability

Consumers can buy the detergent at Zara Home stores and online platforms in more than 25 markets, including Spain, Germany and most of the European markets. The product will also be available at additional markets and stores in the coming weeks.

The developed solution can also be adjusted to enable the use of this technology by other detergent manufacturers. “Innovation and collaboration are key to meeting the challenges of the textile industry. We strive to be more creative and efficient by driving innovative new technologies. This project with BASF is a good example of this approach as it shows the effectiveness of cross-industry collaboration and goes one step further as it can be adjusted to extend the use of this technology in the industry” said Javier Losada, chief sustainability officer of Inditex.

Sören Hildebrandt, senior vice president, Home Care, I&I and Industrial Formulators, further adds “we work continuously to address the growing demand of our customers for innovative and sustainable solutions. With the jointly developed laundry detergent, we are supporting the textile industry on their sustainability path and allow consumers to improve their own environmental footprint”.

Posted: December 5, 2022

Source: BASF / Inditex Group

VF Corp. Announces CEO Transition

DENVER — December 5, 2022 — VF Corp. today announced that Benno Dorer, lead independent director of the VF board of directors, has been named interim president and CEO, effective immediately. Richard Carucci, a director on the Board since 2009, will serve as interim chairman of the Board.

Dorer’s appointment follows Steve Rendle’s decision to retire from his position as chairman, president and CEO. The company has commenced a search for a permanent CEO and has retained a leading executive search firm to support its evaluation of internal and external candidates.

“The board thanks Steve for his many contributions and leadership during his nearly six years as CEO and nearly 25 years with VF,” Dorer said. “Steve’s commitment to the business, passion for building strong brands and focus on culture have helped VF evolve our portfolio of strong active-lifestyle brands and establish VF as a purpose-led company. We wish Steve well in his future endeavors.”

Dorer continued: “VF has iconic brands in attractive growth categories, deep relationships with consumers and customers, and significant competitive advantages as a portfolio company. I look forward to working closely with the Board and VF’s Executive Leadership Team to drive profitable growth across our portfolio while the Board identifies the right leader for the company’s next chapter.”

Carucci said: “We are fortunate to have Benno lead VF while the Board conducts a search for a permanent CEO. He knows VF extremely well and has an excellent track record of generating strong business results in a global consumer portfolio business.”

“It has been an honor to lead VF as CEO over the last five years,” Rendle said. “I depart with the deepest gratitude for the extremely talented and dedicated global team at VF. I remain as confident as ever in VF’s tremendous potential and look forward to watching the company’s continued success.”

FY23 Financial Outlook

VF is revising its FY23 outlook largely to reflect the impact of weaker than anticipated consumer demand across its categories, primarily in North America, which is resulting in a more elevated than expected promotional environment as well as order cancellations in the wholesale channel to manage trade inventories. Also impacting the outlook, but to a lesser degree, are the higher than expected impacts from inflation on consumer discretionary spending in Europe and ongoing COVID-19 related disruption in China.

VF now expects total revenue growth in the second half of FY23 to be modestly lower than previously outlined, with revenue for the full year expected to increase 3 to 4 percent in constant dollars (excluding the impact of translating foreign currencies into U.S. dollars), compared to the previous guidance of up 5 to 6 percent in constant dollars. The promotional environment, primarily in North America, and SG&A deleverage from lower volumes are expected to impact profitability in the near term. Adjusted diluted EPS for the full year is now expected to be $2.00 to $2.20, versus $3.18 in the prior year and compared to the previous outlook of $2.40 to $2.50. Adjusted amounts exclude transaction and deal related activities, costs related to specified strategic business decisions, noncash impairment charges, and a pension settlement charge.

VF remains committed to its FY27 long-term targets and capital allocation priorities, as outlined during its recent Investor Day on September 28, 2022, and is focused on executing against its strategy in order to drive strong long-term shareholder value and on improving near-term performance.

Benno Dorer joined the VF Board in 2017 and has served as the Lead Independent Director since 2021. He is a member of the Board of Directors of Origin Materials, Inc. He served as Executive Chair of the Board of The Clorox Company from September 2020 to February 2021, Chief Executive Officer of Clorox from November 2014 to September 2020 and Chairman of the Board of Clorox from August 2016 to September 2020. Prior to his role as CEO, Mr. Dorer served as Executive Vice President and Chief Operating Officer of Clorox from January 2013 through November 2014, and in various Senior Vice President and General Manager roles before that. Prior to joining Clorox in 2005, he worked for The Procter & Gamble Company in various marketing and sales roles in the U.S. and Europe since 1990.

Posted: December 5, 2022

Source: VF Corporation

Warmth And Comfort Doesn’t End At A Doorway: THAW’s Heated Insoles Take Comfort Outdoors

FORT WORTH, Texas — December 5, 2022 — One of the greatest dangers on even relatively chilled days and nights is the risk of frostbite. Even when taking all the precautions possible, a cold body can turn a pleasant stroll into a chore. Many manufacturers have created chemical heating solutions for hands and feet, but THAW has taken it a step further.

THAW’s heated insoles are a Bluetooth-enabled and app-controlled solution to a common comfort issue. The rechargeable and flexible heated insoles are the perfect options for anyone who enjoys the outdoors or attends outdoor events. These insoles can be adjusted for any weather or environment with temperature settings ranging from 68-122 degrees F. On the lowest setting time, the batteries can last up to 6 hours or up to 2.5 hours on the highest setting.

Even with a battery and heating element, THAW produces a comfortable insert. Made with breathable foam padding and a recessed charging port, it can feel like walking on a heated cloud. The insoles come in four sizes, from small to extra-large and can be trimmed for a customized fit. The versatility doesn’t end there. A user can track battery life and stream weather forecasts on THAW’s app.

No matter what environment you call home or wish to explore, THAW brings preparation and comfort to every location.

MODES

  • Up to (1220F / 500C): 2.5 Hours
  • Up to (1040F / 400C): 3 Hours
  • Up to (860F / 300C): 4 Hours
  • Up to (680F / 200C): 6 Hours

FEATURES

  • Rechargeable
  • Bluetooth™ Enabled
  • 4-Way Flexible Construction
  • Breathable Foam Padding
  • Recessed Charging Port

ACCESSORIES

  • Dual-Charging Cable

MSRP

  • MSRP: $199.99 USD

SKU/Size

  • THA-FOT-1004 – Small: Trim-to-Fit (M: 5.5-7 / W: 6.5-8)
  • THA-FOT-00164 – Medium: Trim-to-Fit (M: 7.5-9 / W: 8.5-10)
  • THA-FOT-1003 – Large: Trim-to-Fit (M: 9.5-11 / W: 10.5-12)
  • THA-FOT-1001 – X-Large: Trim-to-Fit (M: 11.5-13 / W: 12.5-14)

Posted: December 5, 2022

Source: SOURCE OUTDOOR GROUP

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