From the Sector

Freudenberg recently completed the installation of 13,000m2 of photovoltaic cells on the roof of its new Nantong factory. With a total capacity of 1.6 MW, the new rooftop installation is projected to produce 1.5 million kWh of green electricity each year. In addition to reduced energy consumption from the grid, this new installation will lower CO2 emissions by approximately 1,200 tons/year.

Beyond the photovoltaic installation, Freudenberg has integrated sustainability into the Nantong factory’s design, with advances in energy conservation and emissions and loss reduction.
The factory uses valley voltage to cool water in its reservoir that is applied to A/C and machine temperature management during working hours. The new waste gas treatment technology enables hot water collected by heat exchangers to be directly reused in production, thereby reducing thermal energy waste. Furthermore, the factory applies a new multi-phase waste gas treatment technology to reduce volatile organic compounds (VOC) emissions. The factory has also incorporated new methods to improve the A-grade rates of bi-elastic interlinings and shirt interlinings, further reducing waste while improving garment quality.

As part of the Group’s sustainable development strategy, Freudenberg Apparel has also launched its House of Sustainability to minimize the impact of production processes on the environment and help customers achieve their sustainability goals, with responsible products across the seasons.

The 11^th India ITME will take place from December 8.– 13., 2022, in Noida, India. Over 1,800 exhibitors and more than 150,000 trade visitors from the textile and apparel industry from all over the world are expected. Groz-Beckert will be presenting innovations from its various product areas..

India ITME takes place every four years and is the ideal technology platform for forward-looking innovations in the textile world. At the 11th edition of India ITME, exhibitors will be presenting their highlights from research and development across 15 halls.

The Knitting Product Division will be presenting several new products at India ITME: Among them the SAN™ SF staple fiber needle and the SNK SF staple fiber sinker, which are specially designed for use on large circular knitting machines. The division will also be exhibiting the SAN™ TT for application-related use in the field of technical textiles for flat knitting machines, as well as a needle which enables the advance into new dimensions of gauge in the flat knitting sector.

Groz-Beckert will also be demonstrating its competence as a system supplier in the field of warp knitting at the India ITME. The warp knitting machine needles and system parts from Groz-Beckert are precisely matched to one another and achieve a uniform and flawless warp knitting process.

With the WarpMasterPlus and the KnotMaster, the Weaving product division presents the latest generation of drawing-in and knotting machines from Groz-Beckert. They are particularly distinguished by their ease of operation and flexibility.

The product area Felting (Nonwovens) presents its product and service highlights for the nonwovens industry. These include the HyTec P jet strip for spunlace customers as well as the GEBECON felting needle, the dur needle, EcoStar felting needle and the Groz-Beckert customer product. The HyTec P-nozzle strip is characterized by improved handling and higher hardness. The patented GEBECON felting needle offers an improved surface finish and optimized breakage bending properties.

The Carding product area will present its further developments for the spinning industry. These include the new stationary flat series, the TV56 revolving top and the cylinder wire set with special tooth geometry. The new stationary flat series is characterized by an innovative tooth geometry and a new type of tooth distribution. The new TV56  revolving top with its new setting pattern and 560 points per square inch is particularly easy to clean. The improved cylinder wire convinces with its special and patented tooth shape, which has a positive effect on the maintenance effort. This makes it particularly suitable for quality-oriented cotton spinning mills producing high-quality yarns. Visitors can also look forward to the new InLine card clothing series for the nonwovens sector.

In the Sewing exhibition area, the focus is on technical textiles – in particular the manufacture of car seats. The answer to the high demands of sewing car seats is the special application needle SAN® 5.2 from Groz-Beckert. The special geometry gives it sufficient stability. The double groove at the point improves thread guidance and leads to a uniform seam pattern, especially in multidirectional sewing processes. The scarf chamfer on both sides of the needle prevent skipped stitches and optimize loop formation. The wear protection is increased by the titanium nitride coating GEBEDUR. In addition, the quality management INH will be exhibited and the functions and contents of the customer portal will be presented.

Aim: Reducing returns and thus increasing sustainability in fashion e-commerce

Hohenstein, a global market leader in apparel sizing and fit development, has invested in AI technology startup, Sizekick. The collaboration will enable accurate decisions on apparel size, improving online shopping experiences, reducing returns and preventing the associated CO2 emissions.

Hohenstein’s 1.3 million Euro investment in the 2022 startup will drive growth in the Sizekick team and enable the 2023 launch of its smartphone app for online shoppers.  The technology will enable online shoppers to find the right clothing size in a few seconds via smartphone.

Sizekick puts an end to unnecessary size-related returns in fashion online retail. The Munich-based company uses artificial intelligence and computer vision technology to recommend the right clothing size to customers in partner web stores. With the help of the integrated Sizekick software and a smartphone, anyone can find the right size in a few seconds. Fashion and sports brands, but also multi-brand stores or marketplaces can integrate the "Sizekick Button" in their online store. Sizekick offers its solution as Software-as-a-Service (SaaS).

"The strategic partnership with Hohenstein enables us, as a new AI solution, to meet the high demands of the market right at the start and to take on the role of technology leader. Our artificial intelligence is already learning thanks to the comprehensive Hohenstein database of 3D body scans. This is an extremely big advantage for our AI," highlights Jake Lydon, CTO at Sizekick.

• Successful repositioning: BOGNER achieves its best financial year since 2015 following the completion of the two-year performance program.
• Continuity in management: Gerrit Schneider takes over as sole CEO. Heinz Hackl, present Co-CEO, leaves the company by mutual agreement. With former CEO Andreas Baumgaertner and Andreas Gall two experienced advisors move closer to the management.
• Streamlined governance and corporate structure: Arndt Geiwitz hands the company back into the hands of the family after the successful completion of the performance program and takes over the chairmanship of the newly created advisory board. BOGNER operates with GmbH as legal form in the future.

With the financial results in 2021/22, BOGNER has achieved the most successful financial year since 2015. A key contribution to this was provided by the performance program developed with the management consultancy EY Parthenon in July 2020. Since then, it was implemented as planned and successfully promoted profitability and sustainable global growth. In order to create the ideal framework conditions for further success, BOGNER is now simplifying its management, governance and corporate structures.

Gerrit Schneider takes over as sole CEO
Gerrit Schneider, Co-CEO of BOGNER since April 2020 and responsible for Finance, Legal, IT, Operations and HR, will take over the sole CEO role of BOGNER with immediate effect. Heinz Hackl, present Co-CEO of BOGNER and currently responsible for Sales, Design, Marketing and Licensing, will leave BOGNER by mutual agreement.

The former BOGNER CEO Andreas Baumgaertner (2017-2020) will move closer to the management for all product- and design-specific topics and will intensify his advisory role. He has already advised the company in the background in recent years and will now accompany and help to shape the future direction of the brand even more closely. As for the external media presence, BOGNER secures further know-how and experience with Andreas Gall, the former founding CEO and Chief Innovation Officer (CINO) of Red Bull Media House.

Streamlined structures with end of trusteeship and new active advisory board
In addition to the management, BOGNER is also refining its governance structures: With the successful completion of the performance programm, trustee Arndt Geiwitz has achieved the goal he has set together with management and family to bring BOGNER in a strong position. Now he returns the company back to the family. Arndt Geiwitz will remain closely associated with BOGNER and will accompany the company in its further development as Chairman of the newly created advisory board.

Furthermore, BOGNER changes the legal form of the company to a GmbH (limited liability company) and merges individual group companies as part of this step. This simplifies the corporate structures and reduces complexity. As part of this adjustment, BOGNER is setting up an advisory board with supervisory function. The advisory board, staffed with experienced personalities, will advise the management comprehensively on the strategic direction, function as a sparring partner and serve as a supervisory body. In addition to Arndt Geiwitz as Chairman, Christian Laus, a long-standing advisor of the Bogner family and Managing Director of BOGNER Film GmbH, will become a member of the advisory board. Furthermore, Dr. Daniel Heine, Managing Director of Patrimonium Asset Management AG, will join the advisory board. A private debt fund of Patrimonium Asset Management AG as strategic financing partner and BOGNER have signed financial agreements to replace the loan agreement concluded with various banks as part of the performance program.

Recreational boaters now have an easy way to be more sustainable following the introduction of a new biocide-free (B-Free) fouling control range from AkzoNobel’s Yacht Coatings business.

The first product to be launched from the new B-Free range is B-Free Explore. It features a specially-developed, unique silicone polymer technology which produces an exceptionally smooth and slick hull – helping to reduce drag.

Fouling is controlled by preventing microorganisms such as barnacles, slime and algae from forming strong bonds with the hull of the boat. Any that do adhere can be simply wiped away by hand or water jet.

“We’ve developed high-performance technology which allows boaters to maintain a clean, smooth hull,” explains Simon Parker, Director of AkzoNobel’s Marine and Protective Coatings business. “It’s based on proven technology and exemplifies the restless spirit of innovation which has been the cornerstone of our International brand for more than 140 years.”

Adds Jemma Lampkin, Global Commercial Director for AkzoNobel’s Yacht Coatings business: “Boaters are becoming more aware of the impact they can have on the environment, but they still require technologies that deliver high-performance fouling control. B-Free Explore provides a stand-out solution for both of these challenges.”

Specially crafted for the leisure boat market, B-Free Explore is the culmination of a five-year development program. It can be applied to new hulls or directly to existing antifouling, without the need for the removal of the previous antifouling coating. This makes it simple for boaters to upgrade from their traditional coatings to the new technology.

The new product is also better for the marine ecosystem. Being biocide-free, it provides a smooth surface for improved hull efficiencies, which can lead to a reduced carbon footprint.

Currently being introduced in Northern Europe, B-Free Explore will be rolled out across Germany, the Netherlands, Norway and Sweden in January 2023.

Iluna Group is back at MarediModa (November 8-10), the international fair dedicated to fabrics and accessories for the beachwear, underwear and athleisure sectors, to present its latest innovations, with a focus on a new beachwear sets able to combine aesthetic research and environmental responsibility.

In terms of aesthetic innovation, exploration continues with matchy pareos and allovers, double laces with colorful charmeuses and multicolour laces enriched with iridescent effects (Lurex). A novelty of this season is the new double face printing on polyamide with a high sea fastness and iridescent effects on GRS-certified tulle.

The GRS certified Green Label collection uses Renycle® and Q-NOVA®, both GRS-certified pre-consumer recycled polyamide yarns in addition to the recycled stretch ROICA™ EF by Asahi Kasei.

The BIOLINE embraces the circular economy and presents proposals containing Amni Soul Eco® and ROICA™ V550. Moreover, the continuous path through the new dimension of responsibility continues in several directions: experiments with 16 different natural dyestuffs; and continued investment in technologies that can ensure significant savings in water and energy consumption, including GREENDROP, the new GOTS-certified digital pigment printing system.

• Revenues: 392.1 million euros (+50%)
• EBITDA before non-recurring items: 74.9 million euros (+73%)
• Net income: 35.4 million euros (multiplied by 2.1)
• Free cash flow before non-recurring items: 31.6 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2022, which have not been reviewed by the Statutory Auditors.
To facilitate the analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

The Italian company offers its dyeing technology for practical and theoretical design explorations at the Fashion For Good Museum in Amsterdam.

On Saturday October 22nd in Amsterdam, Andrea Venier, Officina39 Managing Director, took part in the Denim & Dyeing seminar to talk about Recycrom™, the patented revolutionary and sustainable dyestuffs range obtained through an innovative upcycling process that involves textile fibers from used clothing and manufacturing waste for dyeing and printing applications.

The seminar was organized inside the Fashion For Good Museum by the Stichting Textielcommissie Nederland, together with a Design Challenge to which took part a selection of young designers who have explored Recycrom™’s colorful potential in their creations. The winning designs are exposed in a 2-week pop-up show at Fashion For Good Museum.

The Museum is also hosting the “Knowing Cotton Otherwise” exhibition, that highlights the relationship between cotton and the fashion industry, the role of cotton in an increasingly intertwined web of global cultures, and the sustainable innovations driving its circular transformation.

Innovative solutions from Fashion for Good Innovators Oritain and Officina39, which tackle some of the challenging aspects of cotton’s production such as origin and traceability, dyeing and water use, are also used by the artists in their installations. Three of them have been inspired by the ecofriendly dyeing potential of Recycrom™: the protagonist of the meeting between art and fashion, sustainability and design, past, present and future of the industry. The first artist that has challenged herself is Caithlin Courtney Chong, who has realized an artwork installation with Recycrom™ in the print room, and a suggestive installation dedicated to Officina39’s sustainable dyestuffs.

BOGNER has been dressing the German national ski team since 1952. The enthusiasm for alpine skiing and the technical innovations in winter sports fashion unite BOGNER, the global pioneer for athluxury sports fashion, and the top athletes of the DSV. The long-standing partnership contributes to outstanding international success and many iconic sports moments that can be celebrated together.

In 2022, both partners celebrate milestone anniversaries: 90 years of BOGNER and 70 years of DSV.
The anniversaries will be marked with new innovations in the BOGNER-DSV collection: tthe innovative Schoeller® - Energear™ material consists of a titanium-mineral matrix that can return far-infrared rays to the body when used in textiles. The recovered energy is said to have a positive effect on the body and can accelerate muscle regeneration.

The styles of the BOGNER-DSV anniversary collection are in a color palette of Lemon, Rock, Off-White and Black, and consist of a double down jacket with rain jacket, thermal jacket, softshell jacket, light down vest, overalls, athlete pants, additionally reinforced technician pants as well as racing shorts, the iconic racing suit, and a rain cape. In addition, the collection is complemented by headwear and a team sweater
This year, BOGNER is dressing a total of 200 athletes, coaches and support staff from the alpine skiing sector. As in every collection, the racing suits of the DSV athletes will be tailor-made to guarantee the perfect fit and performance in the respective disciplines such as downhill, super G, giant slalom and slalom.

90 years of BOGNER and 70 years of DSV represent many iconic moments, common goals, teamwork and Olympic Games. The success story continues with the next joint highlight: the SKI World Championships in Meribel/Courchevel.

For winter sports fans and passionate skiers, a selection of outfits based on the DSV collection is available in BOGNER stores, on bogner.com and from selected wholesale partners.

adidas has completed its second share buyback program this year. On March 1, 2022, the company had announced that it would launch another share buyback program in mid-March to return the cash proceeds from the Reebok divestiture to its shareholders. Between March 14, 2022, and October 10, 2022, the company bought back 8,978,138 shares for a total consideration of € 1.5 billion, corresponding to an average purchase price per share of € 167.07.

The decision to repurchase shares to return the cash proceeds from the Reebok divestiture came on top of the company’s regular buyback activities. In December 2021, adidas had launched a multi-year share buyback program under which the company plans to buy back shares in an amount of up to € 4 billion until 2025. The first tranche of this program was conducted in January and February of this year. During that period, the company bought back 4,156,558 shares for a total amount of € 1 billion, corresponding to an average purchase price per share of € 240.58. Taking into account both share buybacks adidas bought back 13,134,696 shares for a total amount of € 2.5 billion in 2022. Including the dividend payment of € 610 million in May, the company returned more than € 3.1 billion to its shareholders in 2022.

Strong cash returns are a key component of adidas strategy ‘Own the Game’. As part of this strategy, adidas plans to generate substantial cumulative free cash flow until 2025 and return the majority of it – between € 8 billion and € 9 billion – to its shareholders through regular dividend payments in a range of between 30% and 50% of net income from continuing operations, complemented by share buybacks. The € 1.5 billion share buyback program related to the divestiture of Reebok come in addition to these regular shareholder returns.

As previously announced, the company intends to cancel the majority of the shares repurchased as part of its buyback activities. As a result, adidas will cancel a total of 12,100,000 treasury shares in the upcoming weeks, reducing the share count and stock capital from 192,100,000 to 180,000,000.