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Solena Materials in key luxury fabrics move to pilot facility

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January 12, 2026

Textile innovation company Solena Materials is on the move. The biotech company, which has begun using artificial intelligence (AI) to design plastic-free protein-based fibres for luxury and high-performance fabrics, is taking up residence in a pilot facility in London’s North Acton.

Solena

Following Solena’s £5.1 million seed funding in 2025, the move is part of its “decisive step” towards commercialisation as the business prepares for its first commercial product launch in 2027.

Solena becomes one of the first tenants to occupy Imperial College London’s new innovation and advanced manufacturing location in the heart of WestTech London. The move marks a “critical transition from breakthrough lab research to scalable production”, it said.

The new site provides Solena with “the space and infrastructure needed to advance its computationally designed protein materials and optimise manufacturing processes ahead of industrial-scale technology transfer”. 

With the capacity to produce up to two tonnes of fibre a year, the facility will enable Solena “to service its existing premium athleisure and luxury brand partners while preparing for full commercial rollout”.

It said the move also sets the stage for its next wave of recruitment and job creation, “reinforcing Imperial’s position as the number-one university globally for innovation-driven enterprise and scientific translation”.

John Anderson, chief investment officer at Imperial College London, said: “Solena has grown through our innovation ecosystem – starting in the Imperial Incubator, leveraging the expertise and support of London BioFoundry, and moving into the I-HUB.

“[Its] journey is the perfect and excellent example of how deep science ventures can scale in WestTech London, and how innovation is driving growth, not just for London, across the UK.”

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British Land CEO Carter to step down

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January 12, 2026

UK property giant British Land is looking for a new CEO. Simon Carter’s five-year tenure at the top oversaw the firm’s successful pivot to a retail park focus. He’s departing after an 18-year total association to head European logistics properties firm P3 Logistics Parks.

British Land’s Nugent Shopping Park, south London

His departure comes with a 12-month notice period so there’ll be no immediate hurry to sign a replacement.

Carter first joined British Land in 2004, working in several roles across Strategy, Corporate Finance and Treasury before leaving in 2015 to become CFO at Quintain Estates & Development and then Logicor. He returned to British Land as CFO in 2018 and was appointed CEO in 2020.

William Rucker, chairman, said: “I want to thank Simon for his significant contribution to British Land. During his 18 years here across two stints he has achieved a huge amount, and as CEO has positioned the business for future success with a very strong management team and an exceptional London office campus and retail park platform.”

Carter added: “British Land has been a huge part of my professional life, and it has been a privilege to work for such a fantastic business.

“The contrarian calls we made post-pandemic have positioned British Land for long-term success. There is never a perfect time to move on, but I will be leaving the business with market-leading positions in London campuses and retail parks – both of which are benefitting from strong rental growth in supply-constrained markets.”

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Bristol in spring is Sephora’s new regional target via Hammerson’s Cabot Circus

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January 12, 2026

Sephora is continuing its major retail venue rollout, opening at Hammerson-owned Cabot Circus in Bristol this spring as the global beauty brand now targets South-West England to fill in its UK expansion gaps.

Hammerson

Paul O’Brien, director of Leasing & Commercialisation at Hammerson, said: “Securing this beauty powerhouse underpins Cabot Circus’ leading position in the South-West and underscores the demand for our prime city location. It builds on a series of carefully curated new arrivals across retail, food, drink and leisure. 

These brands are choosing to grow with us in the heart of Bristol, drawn to our location and catchment across the city and beyond, enabling the best and latest experiences for our customers.”

Sephora becomes the latest major brand secured at the venue, following the launch of a flagship 80,000 sq ft M&S store last year with Sephora arriving shortly after a new Odeon cinema, which is due to open next month.

The LVMH-owned brand’s continuing UK growth plan comes after last year’s second Manchester opening, plus Yorkshire’s Meadowhall and Liverpool One. These add to Bluewater in Kent, Newcastle’s Eldon Square, Gateshead’s Metrocentre and Birmingham last year and Westfield London in late 2023.

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Mammut owner weighs sale of Swiss outdoor gear maker

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January 12, 2026

The owner of Mammut Sports Group AG is exploring a sale of the Swiss outdoor gear maker, people familiar with the matter said.  Jacobs Capital is seeking more than €500 million ($584 million) from a potential sale of the company, according to the people. Jacobs and Mammut are working with Houlihan Lokey Inc., they said. 

Technical clothing by Mammut – Mammut

Deliberations are preliminary and might not result in a transaction, the people said, asking not to be identified because the information is private. Spokespeople for Jacobs Capital, Mammut and Houlihan Lokey declined to comment. 

Mammut, founded in 1862, makes premium gear for mountain sports. It was bought in 2021 by Telemos Capital, which last year combined with the family office that managed the wealth behind Swiss chocolate dynasty Barry Callebaut AG. In addition to Mammut and Barry Callebaut, the combined entity- Jacobs Capital- owns assets including Cognita Schools and health-care companies.

Sports gear has gained popularity among strategic and financial buyers on strong consumer interest in fitness and equipment. Anta Sports Products Ltd., which bought Jack Wolfskin in a $290 million deal last year, is also weighing a bid for Puma SE, people familiar with the matter have said.
 



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