From the Sector

• Currency-neutral sales up 4%, despite more than € 300 million negative impact from macroeconomic constraints
• Markets representing more than 85% of the business grow 14% overall
• Gross margin down 1.5pp to 50.3% reflecting significantly higher supply chain costs
• Operating profit reaches € 392 million
• Net income from continuing operations amounts to € 360 million
• FY 2022 outlook reflects double-digit growth during the second half of the year

“Our Western markets continued to show strong momentum in the second quarter amid heightened macroeconomic uncertainty. With Asia-Pacific returning to growth, markets combined representing more than 85% of our business grew at a double-digit rate,” said adidas CEO Kasper Rorsted. “With sports back at center stage this summer, revenues in our strategic growth categories Football, Running and Outdoor all increased by double digits. However, the macroeconomic environment, particularly in China, remains challenging. The recovery in this market is – due to continued covid-19-related restrictions – slower than expected. And we have to take into account a potential slowdown in consumer spending in all other markets for the remainder of the year.”

Currency-neutral revenues increase 4% despite macroeconomic constraints
In the second quarter, currency-neutral revenues increased 4% as adidas continued to see strong momentum in Western markets. This growth was achieved despite continued challenges on both supply and demand. Supply chain constraints as a result of last year’s lockdowns in Vietnam reduced top-line growth by around € 200 million in Q2 2022. In addition, the company’s decision to suspend its operations in Russia reduced revenues by more than € 100 million during the quarter. Continued covid-19-related lockdowns in Greater China also weighed on the top-line development in Q2. From a channel perspective, the top-line increase was to a similar extent driven by the company’s own direct-to-consumer (DTC) activities as well as increases in wholesale. Within DTC, e-commerce, which now represents more than 20% of the company’s total business, showed double-digit growth reflecting strong product sell-through. From a category perspective, revenue development was strongest in the company’s strategic growth categories Football, Running and Outdoor, which all grew at strong double-digit rates. In euro terms, revenues grew 10% to € 5.596 billion in the second quarter (2021: € 5.077 billion).

Strong demand in Western markets
Revenue growth in the second quarter was driven by Western markets despite last year’s lockdowns in Vietnam still reducing sales, particularly in EMEA and North America, by
€ 200 million in total. In addition, the top-line development in EMEA was also impacted by the loss of revenue in Russia/CIS of more than € 100 million. Nevertheless, currency-neutral sales grew 7% in the region. Revenues in North America increased 21% during the quarter driven by growth of more than 20% in both DTC and wholesale. Revenues in Latin America increased 37%, while Asia-Pacific returned to growth. Currency-neutral revenues increased 3% in this market despite still being impacted by limited tourism activity in the region. In contrast, the company continued to face a challenging market environment in Greater China, mainly related to the continued broad-based covid-19-related restrictions. As a result, currency-neutral revenues in the market declined 35% during the three-months period, in line with previous expectations. Excluding Greater China, currency-neutral revenues in the company’s other markets combined grew 14% in Q2.

Operating profit of € 392 million reflects operating margin of 7.0%
The company’s gross margin declined 1.5 percentage points to 50.3% (2021: 51.8%). Significantly higher supply chain costs and a less favorable market mix due to the significant sales decline in Greater China weighed on the gross margin development. This could only be partly offset by a higher share of full price sales, first price increases and the benefits from currency fluctuations. Other operating expenses were up 19% to € 2.501 billion (2021: € 2.107 billion). As a percentage of sales, other operating expenses increased 3.2 percentage points to 44.7% (2021: 41.5%). Marketing and point-of-sale expenses grew 8% to € 663 million (2021: € 616 million). The company continued to prioritize investments into the launch of new products such as adidas’ new Sportswear collection, the next iteration of its successful Supernova running franchise and first drops related to the Gucci collaboration as well as campaigns around major events like ‘Run for the Oceans.’ As a percentage of sales, marketing and point-of-sale expenses were down 0.3 percentage points to 11.8% (2021: 12.1%). Operating overhead expenses increased by 23% to a level of € 1.838 billion (2021:
€ 1.492 billion). This increase was driven by adidas’ continuous investments into DTC, its digital capabilities and the company’s logistics infrastructure as well as by unfavorable currency fluctuations. As a percentage of sales, operating overhead expenses increased 3.5 percentage points to 32.8% (2021: 29.4%). The company’s operating profit reached a level of € 392 million (2021: € 543 million), resulting in an operating margin of 7.0% (2021: 10.7%).

Net income from continuing operations reaches € 360 million
The company’s net income from continuing operations slightly declined to € 360 million (2021: € 387 million). This result was supported by a one-time tax benefit of more than € 100 million due to the reversal of a prior year provision. Consequently, basic EPS from continuing operations reached € 1.88 (2021: € 1.93) during the quarter.

Currency-neutral revenues on prior year level in the first half of 2022
In the first half of 2022, currency-neutral revenues were flat versus the prior year period. In euro terms, revenues grew 5% to € 10.897 billion in the first six months of 2022 (2021:
€ 10.345 billion). The company’s gross margin declined 1.7 percentage points to 50.1% (2021: 51.8%) during the first half of the year. While price increases as well as positive exchange rate effects benefited the gross margin, these developments were more than offset by the less favorable market mix and significantly higher supply chain costs. Other operating expenses increased to € 4.759 billion (2021: € 4.154 billion) in the first half of the year and were up 3.5 percentage points to 43.7% (2021: 40.2%) as a percentage of sales. adidas generated an operating profit of € 828 million (2021: € 1.248 billion) during the first six months of the year, resulting in an operating margin of 7.6% (2021: 12.1%). Net income from continuing operations reached € 671 million, reflecting a decline of € 219 million compared to the prior year level (2021: € 890 million). Accordingly, basic earnings per share from continuing operations declined to € 3.47 (2021: € 4.52).

Average operating working capital as a percentage of sales slightly decreases
Inventories increased 35% to € 5.483 billion (2021: € 4.054 billion) at June 30, 2022 in anticipation of strong revenue growth during the second half of the year. Longer lead times as well as the challenging market environment in Greater China also contributed to the increase. On a currency-neutral basis, inventories were up 28%. Operating working capital increased 23% to € 5.191 billion (2021: € 4.213 billion). On a currency-neutral basis, operating working capital was up 14%. Average operating working capital as a percentage of sales decreased 0.4 percentage points to 21.0% (2021: 21.4%), reflecting an overproportional increase in accounts payable due to higher sourcing volumes and product costs.

Adjusted net borrowings at € 5.301 billion
Adjusted net borrowings amounted to € 5.301 billion at June 30, 2022, representing a year-over-year increase of € 2.155 billion (June 30, 2021: € 3.146 billion). This development was mainly due to the significant decrease in cash and cash equivalents.

FY 2022 outlook reflects double-digit growth during the second half of the year
On July 26, adidas adjusted its guidance for FY 2022 due to the slower-than-expected recovery in Greater China since the start of the third quarter resulting from continued widespread covid-19-related restrictions. adidas now expects currency-neutral revenues for the total company to grow at a mid- to high-single-digit rate in 2022 (previously: at the lower end of the 11% to 13% range), reflecting a double-digit decline in Greater China (previously: significant decline). While so far the company did not experience a meaningful slowdown in the sell-through of its products or significant cancellations of wholesale orders in any market other than Greater China, the adjusted guidance also accounts for a potential slowdown of consumer spending in those markets during the second half of the year as a result of the more challenging macroeconomic conditions. Therefore, growth in EMEA is now expected to be in the low teens (previously: mid-teens growth), while revenues in Asia-Pacific are projected to grow at a high-single-digit rate (previously: mid-teens growth). Despite the more conservative view on the development of consumer spending in the second half of the year, adidas has increased its forecasts for North America and Latin America reflecting the strong momentum the brand is enjoying in these markets. In North America, currency-neutral revenues are now expected to increase in the high teens. Sales in Latin America are projected to grow between 30% and 40% (both previously: mid- to high-teens growth).   

Due to the less favorable market mix and the impacts from initiatives to clear excess inventories in Greater China until the end of the year, gross margin is now expected to reach a level of around 49.0% (previously: around 50.7%) in 2022. Consequently, the company’s operating margin is now forecast to be around 7.0% (previously: around 9.4%) and net income from continuing operations is expected to reach a level of around € 1.3 billion (previously: at the lower end of the € 1.8 billion to € 1.9 billion range).

Als einer der führenden Anbieter für Gutscheinkarten und Payment Solutions für die Arbeitswelt setzt Edenred einen neuen Standard bei der Materialverwendung. So werden künftig alle Edenred Gutscheinkarten aus recyclebarem PVC (rPVC) hergestellt. Die neue Kartengeneration ist für Neukunden bereits seit dem 1. Juli 2022 im Einsatz. Durch den Einsatz der rPVC-Karten werden im Herstellungsprozess künftig 31 Prozent CO₂ pro Karte eingespart.

Das Recycling von Rohstoffen vermindert die Treibhausgasemissionen erheblich. Ein positiver Effekt für die Umwelt, zu dem künftig auch die Gutscheinkarten von Edenred beitragen. So wird der Plastikanteil ab sofort aus 100 Prozent recycelbarem PVC gefertigt. Für Nutzer stellt die Materialumstellung dabei keinen Nachteil dar, die Produktlebensdauer und die Materialeigenschaft unterscheidet sich nicht von der PVC-Kartengeneration.

Neue Kartengeneration: Einsparungspotenzial bis zu 1,5 Tonnen PVC
Bis zu 40.000 neue Edenred Karten kommen jeden Monat auf den Markt. Bis Ende des Jahres werden also eine viertel Million rPVC-Karten ausgegeben. Die Umstellung ersetzt damit insgesamt 1,5 Tonnen neues PVC. Da jedes Kilo rPVC der Menge an Neu-PVC entspricht, trägt Edenred dazu bei, eine deutlich reduzierte Menge an neuwertigen Kunststoff in Umlauf zu bringen.

CO₂-Fußabdruck dank Recycling senken
Bereits im Herstellungsprozess der rPVC-Karten lassen sich 31 Prozent CO₂ einsparen. Laut dem Kartenlieferanten tag systems gleich der CO₂-Fußabdruck, der mit dem Lebenszyklus von 100 Karten verbunden ist, einer Autofahrt von 50km.

 „Für uns ist die komplette Umstellung der Karten auf recycelbares PVC ein konsequenter und logischer Schritt im Sinne der Nachhaltigkeit und zudem ganz im Sinne unseres Unternehmensverständnis.  Umweltschutz ist ein fester Bestandteil sowohl in unserer Corporate-Social-Responsibility-Politik als auch in unserer Ethik-Charta und umfasst weitreichende Maßnahmen zur Reduzierung der Kohlenstoffbelastung, des Ressourcenverbrauchs sowie der Abfallproduktion. Alles mit dem Ziel eine Optimierung der Umweltauswirkungen sowie des ökologischen Fußabdrucks zu erlangen“, so Christian Aubry, GF Edenred Deutschland.

As Y-3 continues its ongoing 20th Anniversary celebrations, adidas and Yohji Yamamoto return to present the brand’s third seasonal offering. Building on the “20 Years: Re-Coded” thematic narrative, Chapter 3 is an auspicious ode to one of the brand’s most iconic colors – Orange – as Y-3 delves into the past in order to boldly envisage a visceral new future.

Audaciously exploring the theme of collective memory, the latest offering from Y-3 sees adidas and Yohji Yamamoto delve into their shared past to consider Memories of Orange . A synonymous symbol for Y-3, Orange has been the primary color of the brand’s logo for many years. For Fall/Winter 2022 Chapter 3, the brand shines a light on this most iconic of signifiers, contrasting the luminosity of the pantone with black and neutral palettes, while simultaneously incorporating evocative references to a sport that has remained an unending influence – football.

The seasonal offering is highlighted by a selection of pieces that feature contrasting logos, bold blocking, and, of course, fluorescent Orange color palettes. Conceived as a harmonious cacophony of contrasts, the collection also boasts new takes on football crest logos and reimagined team sponsor graphics. Meanwhile an array of dynamic footwear sees the Y-3 HOKORI III , the Y-3 ULTRABOOST 22 , and a bright Orange colorway of the iconic Y-3 QASA take center stage, as well as ushering in the arrival of the brand’s expressive take on an archival adidas classic: the Y-3 GAZELLE .

Accompanying the launch of Fall/Winter 2022 Chapter 3 is a powerfully energetic campaign shot by Thue Nørgaard with creative direction from Jamie Reid and styling from Robbie Spencer. Representing a continuation of the aesthetic language established in Chapters 1 & 2 the expressive visuals focus on control, determination, and boldness of spirit. Featuring a carefully chosen cast of rebellious figures, the models recode sporting movement as an artistic expression through explosively choreographed gestures. Warm lighting, meanwhile, is expressed through a digital backdrop composed of two different shades of orange and a nostalgic pastel blue, which come together to reference a sun at dawn. The result – a flood of luminescence that is at once an allusion to Y-3’s emergent beginnings and an ode to the brand’s original color.

Iluna Group is exhibiting at the upcoming Première Vision, from July 5-7, with the aim of promoting a new fashion that combines aesthetic research and environmental responsibility.
 
The key word of this new collection is “experimentation”: the search for new solutions that can offer consumers style, sustainability and well-being translates into innovative blends, natural dyes and smart prints.

This season, the Iluna team is introducing for the first time GOTS-certified organic cotton inside its gallons and allovers, to add a natural touch to its Green Label line. Among the smart ingredients chosen by Iluna Group are Renycle® and Q-Nova, both GRS-certified pre-consumer recycled polyamide yarns, in addition to premium recycled stretch ROICA™ EF by Asahi Kasei. The result is a comfortable and ultralight product that remains true to a high value of creativity and responsibility.

In terms of aesthetic innovation, explorations continue with a yarn blend of FSC-certified viscose and polyamide, resulting in striking new Textronic designs. The 3D effect embossed designs create a cloud effect that, combined with Lurex, shows unexpected glows.

Moreover, the continuous path through the new dimension of responsibility continues in several directions: developments in GRS (Global Recycled Standard) certified recycled yarns aimed at unprecedented effects in both look, performance and hands; 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.

Premium Group and JOOR have renewed their partnership to power the SS23 PREMIUM and SEEK trade shows through JOOR’s digital platform, underpinning their belief in the power of a hybrid approach to wholesale.

From 7 - 9 July, buyers visiting the shows in Berlin will be able to learn more about and shop from exhibitors in a new hybrid way. Buyers can discover the full PREMIUM and SEEK portfolio of brands both in-person and online 24/7 by visiting JOOR Passport, JOOR's digital trade show destination.

Premium Group unites its various show locations to one cosmos for SS23 at Messe Berlin. The PREMIUM and SEEK shows will be joined by two further components— The Ground is a D2C creative platform for brands and consumers to meet, connect, and collaborate through one-of-a-kind experiences, engaging content, and innovative products, while FASHIONTECH, features masterclasses and panel discussions from the fashion industry’s most brilliant minds. A calendar of content includes deep dives into strong, successful, and sustainable strategies. As part of the content offer, JOOR will facilitate a masterclass on ‘Digital Wholesale’ and a future-looking roundtable discussion with four leading fashion brands on the FASHIONTECH stage.

Throughout the duration of the show, in-person buyers and visitors will have the ability to shop via the Premium Group mobile app. By simply scanning a brand’s corresponding QR code, visitors will link to the brand’s custom profile on JOOR Passport and be able to shop collections directly on the platform. JOOR Passport will also extend the duration of the shows by up to three months, allowing brands to continue wholesale selling digitally outside the window of the physical show.

JOOR and Premium Group’s flexible hybrid format allows visitors and brands a seamless digital and physical introduction to each other and their collections, the opportunity to connect in an efficient, effective, and longer term way, and the convenience to shop the show 24 hours a day from anywhere in the world.

Brands participating include Drykorn, Closed, Bertoni of Denmark, Veja, Ecoalf, Wrangler and Absolut Cashmere.

• Currency-neutral sales down 3% as supply constraints reduce top-line by € 400 million
• Western markets continue to show strong momentum with combined currency-neutral sales growing 13% across North America (+13%), EMEA (+9%) and Latin America (+38%)  
• Gross margin down 1.9pp to 49.9% driven by significantly higher supply chain costs
• Operating margin of 8.2% reflecting additional investments into brand, DTC, and digital
• Net income from continuing operations reaches € 310 million
• FY 2022 outlook for revenue and net income confirmed at the lower end due to the impact from covid-19-related lockdowns in Greater China

“In the first quarter, consumer demand for our brand and products was strong in all Western markets. Our combined sales in North America, EMEA and Latin America grew at a double-digit rate. Backed by an exceptionally strong wholesale order book and relentless focus on driving growth in our own DTC channels, we expect this positive development to continue for the rest of the year,” said adidas CEO Kasper Rorsted. “In the East, we will return to growth in Asia-Pacific in the second quarter, while we expect the challenging market environment in Greater China to continue. With strong double-digit growth in the vast majority of our markets, representing more than 80% of our business, we are well positioned for success in 2022. “

For the full press release, see attached document.

Im Schwerpunkt Fashion and Lifestyle Design setzten Studierende der Hochschule Reutlingen Entwürfe erstmals digital um und präsentieren ihre Ergebnisse in Form einer animierten 3D-Fashion Show. Ab dem 28. April sind die digitalen Entwürfe in einem Virtual Release Premiere dauerhaft online zu sehen.

Die Umsetzung von Kleidung als Simulation gewinnt in der Bekleidungs- und Modeindustrie eine immer größere Bedeutung. Technologie und Kreativität ergänzen sich dabei optimal und bieten neben enormen Zukunftschancen auch im Kontext Metaverse völlig neue Entwicklungsbereiche für Designerinnen und Designer. Besonders der digitale 3D-Entwurf bietet geradezu unerschöpfliche Möglichkeiten und ist ein Megatrend in der Branche. 

In einem gemeinsamen Projekt der Fakultät Textil & Design der Hochschule Reutlingen mit einem der großen Player und Pioniere der Branche, dem Unternehmen Browzwear, setzten Studierende des Schwerpunkts Fashion and Lifestyle Design im Studiengang Textildesign/Modedesign vergangenes Semester erstmals ihre Kreationen in einer virtuellen Welt als animiertes Video um. Unter Leitung von Prof. Natalie Seng (Fashion & Lifestyle Design) sowie Doktorandin Gabriela Kosel (Bereich Clothing & Textile Manufacturing/Prof. Dr.- Ing. Katerina Rose) knüpft die Fakultät damit direkt an den allerneuesten und zukunftsweisenden Stand der Technik in der Bekleidungssimulation an.

Mit Hilfe eines innovativen Workflows und Lehrkonzeptes konnten die jungen Designstudierenden ihre Outfits direkt am selbstgestalteten Avatar präsentieren. Neben den virtuellen Entwürfen konnten so auch eigene digitale Umgebungen erschaffen werden. Intensive interne Workshops mit Unterstützung des Kooperationspartners Browzwear ermöglichten den Studierenden den direkten Einstieg in den digitalen Entwurf auf State of the Art-Niveau. Die virtuelle Darstellung und Simulation von Bekleidung bildet auch weiterhin einen festen Bestandteil in Forschung und Lehre an der Fakultät Textil & Design. Zum Wintersemester 2022/23 stehen die Zeichen in Reutlingen auf Neuanfang: Zeitgleich mit der Eröffnung des TEXOVERSUMS, dem vom Arbeitgeberverband Südwesttextil gestifteten europaweiten Leuchtturm für textile Ausbildung und Innovation, startet unter anderem der Bachelorstudiengang „Fashion and Textile Design“ neu und ersetzt mit angepassten Inhalten für neue Studierende den auslaufenden Studiengang „Textildesign/Modedesign“.

Kornit Digital Ltd. präsentierte die Konvergenz von Design, Technologie und nachhaltiger Mode bei der Kornit Fashion Week 2022, die vom 3.-6. April in Tel Aviv stattfand. Bei dieser Veranstaltung wurden innovative Kollektionen in Verbindung mit branchenweit neuartigen Produkten und Technologien präsentiert.

Highlights:

• Hunderte von Designern, Markenartiklern, Modeschöpfern, E-Commerce-Plattformen, Herstellern und virtuellen Modepionieren besuchten die Veranstaltungen in der Zentrale, in den FuE- und Produktionszentren von Kornit und an renommierten Veranstaltungsorten in Tel Aviv.        
• Kornit präsentierte Technologien und Lösungen, darunter die Kornit Apollo-Plattform für den volldigitalen Textildirektdruck (DTG), die als innovativer Quantensprung für die Mainstream-Massenproduktion von Mode und Bekleidung auf dem milliardenschweren Textilmarkt angesehen wird, der bis heute durch veraltete, analoge und umweltverschmutzende Produktionsverfahren eingeschränkt ist.
• Derzeit ist ein Trend zur Verlagerung der Massenproduktion von Textilien aus dem fernen in das nahe gelegene Ausland zu beobachten – mit Möglichkeiten zur schlanken Produktion von Kleinserien ohne Bestandsrisiken sowie grenzenloser Kreativität und Flexibilität für Designer und Modeschöpfer – möglich dank der neuen Lösung von Kornit für die Massenfertigung.
• Außerdem präsentierte Kornit seine Kornit Atlas MAX Poly erstmals öffentlich, eine Lösung für die digitale Veredelung von Textilien in hohen Stückzahlen aus Polyester- und Polyestermischgewebe.

• This Black History Month, the brand is announcing a series of ongoing initiatives focused on celebrating, uplifting and supporting Black women - starting with elevating stories of their lived experiences
• New community actions include an accelerator program for social entrepreneurs; a series of adidas Community curriculums and mentorship opportunities; and an industry-changing design program for the next generation of creators
• Powered by its Impossible Is Nothing attitude, adidas is accelerating its mission to create real , lasting change for historically underserved communities

In a continuation of the brand’s Impossible Is Nothing attitude – and its biggest ever commitment to women – adidas is centering its Black History Month initiatives around celebrating, uplifting and supporting Black Women in sport, fashion and innovation.

Brought to life through athlete partners like Kahleah Copper, Erica Wheeler, Angel McCoughtry , Imani Dorsey, Kendra Harrison and Sarah Nurse , this year’s Black History Month platform focuses on the representation of Black voices by spotlighting the real-life experiences of Black athletes. Meanwhile, sustained community programming and actions will offer Black women creators with real-life opportunities for education, mentorship and growth.

Among many long-term community initiatives that create more opportunities for Black girls and women, adidas is deepening its commitment with the following programs launching this month and beyond:

• Cultivate & B.L.O.O.M (Building Legacies Out Of Movements) an adidas Accelerator - adidas has created an accelerator program that aims to close the opportunity gap that exists for social entrepreneurs of color.  
• S.E.E.D. (School for Experimental Education in Design) Program - S.E.E.D. is a two-year program at the adidas Brooklyn Creator Farm in partnership with Pensole Academy
• adidas Community Platform - adidas Community is a digital network for education, creative collaboration , and growth opportunities that pairs community members with community mentors

Other ongoing programming and partnerships includes work with adidas Legacy, the Black Women’s Player’s Collective, U.S. Soccer Foundation, Beyoncé’s BeyGOOD foundation, Pharrell’s Black Ambition, United Negro College Fund scholarsships, Blavity.org Growth Fellowship, Appeitie for Change youth programming, Wood U in partnership with Pensole and the Iovine & Young Academy and Sound Labs  - an initiative to foster creative collaboration , innovation and proactively support music programs in public schools lacking in financial support.

From athleisure to fashion, via underwear, from sarongs to bodysuits, through evening and bridal gowns, up to the world of denim and high fashion, Iluna's lace continues to expand its applications, confirming its versatility, performance and beauty. Trends run and pass quickly, but Iluna lace remains a certainty in all its forms, variations and colors. Since 2017 Iluna has been using only sustainable and certified ROICA™ stretch yarns from the ROICA Eco-Smart™ family, while the percentage of sustainable references has risen from 3% in 2018 to 52% in 2021.
There are four main proposals presented by Iluna Group during Première Vision ( 8-10 February 2022) :

• Flock in flounce or allover entirely made with recycled ingredients and equipped with endless printing possibilities, with 3D and multicolor effects that allow the inclusion in fashion, underwear and athleisure looks. All certified GRS (Global Recycled Standard).
• Continued investment in both the Green Label and Bioline, two collections totally dedicated to innovative and responsible aesthetics. Both include lace made with the responsible 6.6 polyamide yarn Amni Soul Eco® and the degradable stretch fiber ROICA™ V550, combined with natural vegetable dyes with OEKO TEX and GOTS certifications.
• The union of a chenille yarn blended with FSC-certified viscose and Renycle® yarn, a product obtained by recycling nylon 6, a high-value material with excellent strength, dyeing, softness and versatility, gives life to surprising new Textronic. The embossed designs with 3D effect create a cloud effect that, combined with Lurex, gives unexpected glows.
• GRS-certified tulles printed with GREENDROP technology, the new GOTS-certified digital pigment printing system, with lower energy consumption and low water waste, thanks to an internal closed-circuit process for water recycling.