Fashion
Egypt in talks with Chinese fabric manufacturer to set up $100-mn unit
Heiba also met representatives of Elegance Apparel Garments Free Zone in Shebin El-Kom, with discussions focussed on the facility’s expansion.
Egypt is keen to attract new industrial investment, according to General Authority for Investment and Free Zones CEO Hossam Heiba, who recently held talks with Chinese fabric manufacturer Fountain Set Limited to set up a $100-million textile complex.
Heiba also met representatives of Elegance Apparel Garments Free Zone in Shebin El-Kom, with discussions focussed on the facility’s expansion.
Fountain Set plans a 200,000-sqm spinning and weaving facility under either a free-zone or special economic zone model, creating around 1,500 direct jobs and serving as a regional hub for fabric production and exports to Europe and Africa, according to the country’s state information service.
Egypt has invested over $4 billion to modernise state-owned factories with European equipment, offering flexible ownership, lease and usufruct models to attract private investors, Heiba said.
He stressed that Egypt’s variety of investment frameworks—including general and private free zones and special economic zones—allows investors to select the optimal system for their projects. He also highlighted potential industrial integration with existing textile companies in El-Mahalla City, boosting production and exports.
Fibre2Fashion News Desk (DS)
Fashion
Stella McCartney & H&M collection previewed at Fashion Awards London
Amelia Gray, Anitta, Emily Ratajkowski, Yasmin Wijnaldum, Bel Priestley, Alton Mason and Kiara Nirghin were all in attendance, dressed in looks from the upcoming collection.
Celebrities including Amelia Gray, Anitta, Emily Ratajkowski, Yasmin Wijnaldum, Bel Priestley, Alton Mason and Kiara Nirghin showcased looks from the upcoming Stella McCartney x H&M collection in London.
The designs drew on McCartney’s archive, with 00s-inspired lace, sparkle and sculptural silhouettes, celebrating her sustainable, joyful design codes.
The collection celebrates McCartney’s design DNA, with signature styles and house codes pulled from chapters in the story of her brand. The archive mood informed the red-carpet looks, with various pieces nodding to McCartney’s 00s signatures, including lace and sparkles.
Emily Ratajkowski wore black mini dress with draped cape detailing across the shoulders. Amelia Gray wore a sparkly lace and crystal-effect mini dress in beige. Anitta wore a custom-made twist on an upcoming collection item: a floor-length red gown with a stunning looping silhouette that connects shoulder to hemline.
“It was an honour to wear this amazing look and give people a sneak peek of the Stella McCartney H&M collection. I felt amazing in red. This feels like another perfect match, between two very beloved brands.”– Anitta.
“London, Stella’s home city, is the perfect place to give people a first glimpse of what’s to come in the Stella McCartney H&M collection. Stella’s designs have changed the course of fashion history: they championed sustainable practices long before that conversation became mainstream. Her work is always joyful, playful, energetic.” – Ann-Sofie Johansson, H&M.
The Stella McCartney H&M collection will launch in stores and online in spring 2026.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
CAI seeks scrapping of India’s 11% cotton duty to protect industry
The Cotton Association of India (CAI) said the industry is passing through one of its worst phases, with high domestic cotton prices preventing Indian mills from benefitting from free trade agreements (FTAs) with partner countries.
India’s cotton trade body has urged the government to permanently remove the 11 per cent import duty on raw cotton, warning that high MSP, low productivity and elevated domestic prices are eroding mill competitiveness and hurting exports.
CAI said duty restoration after December 2025 could worsen unemployment, bad debts and industry stress.
High MSP, low domestic productivity and elevated input costs have made Indian cotton significantly more expensive than global prices. As a result, mills are unable to compete with international suppliers, while spinners and fabric manufacturers face continuous margin pressure. The 11 per cent duty, introduced during COVID-19, has outlived its purpose and is now distorting the market, the CAI said in a press release.
CAI warned that the industry’s distress has also begun affecting cotton traders and ginners, with delayed payments and rising bad debts across the value chain. The association noted that the only sustainable solution is to ensure the availability of competitively priced raw cotton, which requires urgent duty removal.
The press release further stated that India’s textile exports are suffering due to global recessionary conditions and uncertainty in Europe. CAI said that if raw cotton imports become costlier after December 2025, unemployment, loan defaults and financial stress across mills could intensify.
The association also linked duty removal to policy goals, noting that the Textile Ministry’s target of achieving $100 billion in textile and apparel exports by 2030 will only be feasible if mills receive raw material at competitive rates. It added that India historically had zero import duty on cotton with no adverse impact on farmers.
CAI cited abnormal seasonal rains this year, which damaged cotton quality and forced mills to depend more heavily on imports. If the duty is not removed permanently, the association cautioned that buyers may shift to rival manufacturing hubs such as Vietnam, Bangladesh, Pakistan and other markets—leading to a long-term loss of India’s global market share.
CAI president Vinay N Kotak urged the government to intervene immediately, stating that permanent removal of the 11 per cent duty is critical for the survival of the entire cotton and textile value chain. The association concluded that only with competitive raw cotton can India fully utilise FTAs, attract global orders and strengthen its position in the textile supply chain.
Fibre2Fashion News Desk (KUL)
Fashion
Will Frasers Group relaunch Matchesfashion next year?
Published
December 11, 2025
It looks like Frasers Group may be planning to relaunch Matchesfashion in 2026 although it’s not a dead cert and there’s been no confirmation from the company.
A report said the Matchesfashion.com website was back online with the words “relaunching 2026” under the name. But the situation is unclear as all that’s there as we published this story was an almost-empty page in the brand’s familiar green tone with no mention of a relaunch date.
A relaunch wouldn’t exactly come as a shock, although the speed with which Frasers had earlier closed the business did surprise some.
Frasers acquired the business out of administration for a reported £52 million just before Christmas 2023 but put it into administration in March 2024, citing the enormity of the task to turn it around.
Matches — which began as a physical retailer — had been one of the pioneers of luxury online retail and once had a valuation of around £800 million. But a succession of CEOs failed to turn it into a digital-first business that was able to make a profit.
Its struggles came at the same time as other pioneers such as Farfetch and Net-A-Porter encountered their own profitability problems.
But despite the problem with online luxury real, the big names in the sector remain valuable properties with a high profile. Coupang’s acquisition of Farfetch and LuxExperience’s purchase of Yoox Net-A-Porter highlighted how in-demand they are.
As for Matchesfashion, there had been rumours of a comeback for it and in May, The Times reported that Frasers was working on a “members-only Matches Fashion relaunch” and that it had seen an “internal pitch deck” suggesting the luxury fashion webstore could be turned into what it described as the “Soho House of retail”.
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