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Coats completes OrthoLite buy, announces new divisional structure, Q3 trading to plan

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October 30, 2025

Coats Group has completed the acquisition of premium insoles maker OrthoLite Holdings as the restructuring apparel and footwear components supplier also said Q3 trading is on track.

Image: Coats Group

Coats said the acquisition “strengthens the product portfolio and capabilities of [our] existing footwear business through expansion into the attractive, high-growth premium insole segment”.

It also said the purchase “is highly complementary, with significant overlap in customers, route to market and operational footprint, and opportunities to accelerate growth through innovation and cross-selling”. 

In addition, Coats said it’s targeting initial annualised joint cost synergies of $20 million available by 2028, “leveraging Coats’ experience of delivering significant value from footwear acquisitions”.

The buy also heralds a streamlining of Coats’ organisational structure into two divisions: Apparel and Footwear.

Following the exit from the non-core Americas Yarns business earlier this year, the remaining Performance Materials businesses are being incorporated within this new structure.

This includes the ‘Personal Protection and Performance Threads’ businesses (around 80% of Performance Materials) becoming part of the Apparel division, which Adrian Elliott will continue to lead.

Meanwhile, the ‘Telecom & Energy business’ (accounting for around 20% of Performance Materials) will become part of the Footwear division, alongside OrthoLite. The enlarged Footwear division will be led by Pasquale Abruzzese.

Coats said: “This new organisational structure better aligns the divisions and their underlying technologies and reduces internal operating complexity. The structural improvements in Performance Materials over the last 12 months, which have delivered substantial margin progression and a return to organic growth, will enable the reorganisation to be implemented efficiently.”

David Paja, group chief executive, added: “The acquisition of OrthoLite is an important step in our strategy to build a more growth-oriented group and we are delighted to welcome Glenn Barrett and our OrthoLite colleagues to Coats.

“We will now press ahead with our plans to accelerate innovation and sustainability in the footwear industry as we combine the capabilities of two global leaders in adjacent product categories.”

As a footnote, Coats also said trading through the third quarter at both Coats and OrthoLite “has continued to be in line with expectations”. The group will release its usual trading update for the four-month period (1 July to the end of October) 2025 on 7 November.

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Kering launches Craft in China, to support fledgling local talent

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November 6, 2025

Kering has launched Kering Craft in China, an innovative program to support fledgling local talent, developed in tandem with Shanghai’s key designer council.

From left to right: Mr. Li Guoqing, Deputy Director of China International Import Expo Bureau; Mr. Liu Wei, Level-II Inspector of Shanghai Municipal Commission of Commerce; Mr. Nicolas Forissier, French Minister Delegate for Foreign Trade and Economic Attractiveness; Mr. Luca de Meo, Chief Executive Officer, Kering; Mr. Ji Shengjun, Director of the Shanghai Fashion Week Organizing Committee – Kering

 
The Kering CRAFT program’s goal is to identify promising Chinese designers hand-picked by an international jury of industry leaders and experts, in collaboration with the Shanghai Fashion Designers Association. CRAFT stands for Creative Residency for Artisanship, Fashion and Technology.
 
Selected talents will be chosen to participate in a cross-continental residency program spanning Milan, Paris, and Shanghai, curated by Kering. An immersive experience combining artisanship, design, and business insights, encouraging dialogue around creativity, craftsmanship, and the future of luxury, the Paris-based luxury conglomerate announced in a release.

The program is designed to empower Chinese designers to build strong brand and business capabilities, fostering the emergence of “glocal” brands. Meaning local Chinese houses with the potential to scale globally and create synergies with Kering’s Houses.
 
“China is one of the world’s most dynamic innovation hubs, impressing with its remarkable creativity and speed. This vibrant creative energy perfectly aligns with Kering’s vision,” said Luca de Meo, CEO of Kering.
 
“As we partner with Shanghai Fashion Week in this groundbreaking initiative, we are honoured to play an active role in fostering international exchange in business, culture and innovation,” added de Meo, who joined Kering in June this year.
 
As the world’s second largest luxury group, Kering controls six powerhouse runway brands: Gucci, Saint Laurent, Balenciaga, Bottega Veneta, Alexander McQueen, and Brioni, as well as Boucheron, Pomellato, Dodo, Qeelin, and Ginori 1735.
 
Kering announced the new initiative during the unveiling ceremony of the Kering Pavilion at the 8th China International Import Expo (CIIE), marking a significant step in the group’s deepening engagement with China’s fashion and creative industries.
 
“Guided by the philosophy of ‘integration of local and international visions’, we are proud to collaborate with Kering to nurture emerging talent in China’s fashion and creative industries,” said Ji Shengjun, Director of Shanghai Fashion Week Organizing Committee. “Together, we aim to build a platform that empowers local designers to engage globally, spark creativity, and strengthen brand-building capabilities- expanding the fashion ecosystem.”
 
In the past two decades, Shanghai Fashion Week has evolved from a small runway showcase to become the leading fashion week in Asia.
 
Kering has an estimated 6,000 staff members and more than 400 stores- almost a quarter of its global retail network- across 40 Chinese cities. Half of Kering’s stores in China were opened during the past decade. Among Kering’s top 10 cities in terms of global sales, five are located in China.
 
 
 
 

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Mango joins forces with TextileGenesis in line with its commitment to traceability

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November 6, 2025

Barcelona-based fashion giant Mango reaffirms its commitment to sustainability. The business has announced a collaboration with TextileGenesis, the leading traceability platform for the textile and fashion industry, to guarantee the traceability of its natural, synthetic, and cellulosic fibres, as well as leather, from source to finished product. The alliance will enable the company to ensure a transparent and digitised value chain.

Barcelona-based Mango has announced an alliance with the traceability platform TextileGenesis. – Mango

Founded in 2018, the Dutch platform TextileGenesis has been owned since 2022 by Lectra, the French specialist in equipment for the flexible materials industry. Its technology, based on a ‘fibre-forward’ approach and six-dimensional capabilities, enables brands to verify the authenticity and origin of materials, providing reliable and secure data at every stage of production.

“Achieving this level of transparency poses a significant challenge for brands like Mango, due to the complexity of their global supply chains,” explained TextileGenesis CEO Amit Gautam, stressing that the platform “makes it possible to provide verifiable, detailed information at every stage of production, helping the company to meet its sustainability goals.”

Through this new partnership, Mango aims to strengthen its commitment to circularity, addressing challenges associated with tighter regulation and rising consumer expectations regarding sustainability and ethical practices. Since an initial pilot launched in 2023, the collaboration with the Dutch platform has enabled the Barcelona-based company to digitally map more than 6,000 tonnes of sustainable fibres and 40 million finished products, involving over 1,000 supply chain stakeholders across 23 countries.

Founded in 1984 by Isak Andic, the Catalan company operates in more than 120 markets through a retail network of over 2,800 stores. In the first half of the current financial year, Mango posted turnover of €1.728 billion, up 12% on the previous year. Looking ahead, the company expects to end 2026 with €4 billion in sales and 500 additional points of sale, both domestically and internationally.

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Westfields in London and Hamburg win major awards at MAPIC event

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November 6, 2025

Mall giant Unibail-Rodamco-Westfield (URW) has won two awards at the European retail real estate show MAPIC, held annually in Cannes, France.

Westfield

Westfield London was named ‘Most Influential Retail Property Project’ of the past 30 years, and was joined by Westfield Hamburg-Überseequartier which won ‘Best Urban Regeneration Project’.

​The operator noted Westfield London is Europe’s largest shopping/dining/entertainment destination, combining more than 460 stores and “has been a catalyst for more than £8 billion of inward investment to the local area and attracted more than half a billion visitors since its opening, generating around £18 billion in sales and thousands of jobs for the local community”.

Anne-Sophie Sancerre, Chief Customer and Retail Officer, URW, said: “These two awards are a powerful celebration of URW’s dedication to the incredible customer experience we create at our destinations, and the impact we have in the communities we serve.

“From pioneering first to market retailers, local heroes and the best flagship outposts of major brands, Westfield centres are a unique combination of the best of the retail industry. 

“That retail curation paired with immersive experiences and activations, exceptional customer services and our commitment to creating sustainable places, continues to shape the future of our industry while allowing us to grow our platform of Westfield-branded destinations in the world’s most dynamic cities.”

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