News in Numbers

Sustainable bio-material producer TômTex has closed a seed round of $2.25m and pre-seed round of $1.9m led by founder Uyen Tran and key investors to solidify the start up’s position in the circular bio-material sector, which means $4.15m has been raised to date.

Nordstrom Inc. reported a 6.8% decline in revenue in its third quarter ended 28 October 2023 versus the same period in 2022 due to softened consumer spending.

The Hot Button 2023 report published by non-profit environmental organisation Canopy revealed that 71% of the world's man-made cellulosic fibre (MMCF) producers (or 54% of global production) have now achieved the coveted "green shirt" rating.

Luxury fashion brand, Hugo Boss has invested more than €100m ($105m) in expanding its distribution centre in Filderstadt-Bonlanden, Germany, as part of its "CLAIM 5" growth strategy.

HanesBrands Inc. has named three new additions to its board of directors. Colin Browne, Natasha Chand, and John Mehas have joined as independent directors to help fix debt issues.