Fashion
EU Parliament greenlights CBAM update, SMEs get relief
The updated CBAM introduces a new de minimis mass threshold, exempting imports of up to 50 tonnes per importer per year from CBAM requirements. This replaces the earlier rule exempting only goods of negligible value. According to the EU, this change will relieve 90 per cent of importers—primarily SMEs and individuals—of reporting and compliance obligations while still covering 99 per cent of total CO2 emissions from CBAM goods such as iron, steel, aluminium, cement, and fertilisers, the Parliament said in a press statement.
European Parliament has approved CBAM reforms under the ‘Omnibus I’ package, easing compliance for SMEs by exempting imports up to 50 tonnes per importer annually.
The changes simplify authorisation, emissions calculation, and verification rules while retaining 99 per cent emissions coverage for some products.
The text now awaits Council endorsement.
For goods still covered by CBAM, the law simplifies key processes including authorisation of CBAM declarants, calculation and verification of embedded emissions, and financial liability requirements. The legislation also introduces safeguards and anti-abuse provisions to ensure that emissions coverage remains intact and that the threshold cannot be misused to avoid compliance.
The legislation must now be formally endorsed by the Council of the EU. It will enter into force three days after its publication in the EU Official Journal.
CBAM is the EU’s flagship tool to ensure a level playing field between EU-made products—which are subject to the EU Emissions Trading System (ETS)—and imports from non-EU countries. It is designed to encourage foreign producers to adopt more climate-friendly production methods. In early 2026, the European Commission is set to review whether the CBAM’s scope should be expanded to cover additional ETS sectors and consider measures to assist EU exporters of CBAM-covered goods facing carbon leakage risks.
Fibre2Fashion News Desk (KD)
Fashion
Vista Alegre signs partnership with India’s Oma Living after exiting joint venture with Shree Sharda
Translated by
Nazia BIBI KEENOO
Published
September 11, 2025
The historic Portuguese luxury brand Vista Alegre, known for its porcelain, crystal, glassware, earthenware, and textiles, has partnered with Oma Living, India’s largest home and decoration retailer. The agreement follows Vista Alegre’s sale of its 50% stake in its Indian subsidiary, previously held through a joint venture with the Shree Sharda Group, according to ECO. The Portuguese group Vista Alegre, owned by conglomerate Visabeira and global football icon Cristiano Ronaldo, brought the athlete on board as an investor after he acquired 10% of the parent company and 30% of its Spanish subsidiary. Vista Alegre finalized the deal in the first half of 2025, a period during which it reported an 8.4% year-over-year drop in profits to €3.6 million. ECO attributed the decline largely to a 35% surge in energy costs and contacted the 200-year-old company for further details about the partnership and its strategy for Asia.
In a statement to ECO, Vista Alegre Atlantis’s Portuguese management said: “Its expanded network of luxury stores in this segment, in the main cities of India, will allow an increase in the exposure of Vista Alegre brand products, an increase in brand awareness and growth in sales in that country,” adding that it considers India “an absolutely relevant market for its growth in Asia.”
Although sales in Portugal grew by 240,000 euros by June, the company’s main growth continues to come from international markets, which represent 76% of its revenue. Its top three destinations are Germany, Spain, and France. Asia and the Middle East added 4.7 million euros to total sales, prompting the company to establish a new subsidiary in partnership with Cristiano Ronaldo. This unit will focus on developing both the Vista Alegre and Bordallo Pinheiro brands in these high-potential regions.
Vista Alegre’s interim financial report for H1 2025 also confirmed the formalization of the sale of 49% of Vista Alegre Atlantis S.A. to Shree Sharda (based in Delhi), along with the sale of the remaining 1% held by Vista Alegre itself.
Vista Alegre, widely recognized for its fine porcelain and exclusive crystal and glass creations, entered the textile space in 2020 with a collection of scarves and blankets inspired by the decoration of its iconic porcelain collections. In 2023, the brand expanded the line with original fashion accessories. Vista Alegre’s textile collection focuses on carrés, pocket squares, and twillys, handcrafted from pure silk.
In 2019, even before its expansion into textiles, Swiss watchmaker Franck Muller launched a special-edition timepiece, the Franck Muller Atlântico, limited to 20 units and featuring a crystal case crafted by Vista Alegre.
Founded in 1824 near Ílhavo in the Aveiro district of Portugal, Vista Alegre is the oldest porcelain manufacturer on the Iberian Peninsula. The brand also owns Bordallo Pinheiro, and has engaged in creative collaborations with global talents, including supermodel Claudia Schiffer, fashion houses Christian Lacroix and Oscar de la Renta, as well as architects, chefs, visual artists, designers, writers, and musicians.
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The journey towards a net-zero textile industry advances as the H&M Foundation has opened nominations for the Global Change Award (GCA) 2026 on September 1. The annual innovation challenge supports bold changemakers working to reshape fashion.
The H&M Foundation has opened nominations for the Global Change Award (GCA) 2026, seeking early-stage innovations in responsible production, mindful consumption, sustainable materials, and wildcards.
In partnership with The Mills Fabrica, the award aims to accelerate transformative solutions like bio-based fibres, AI-driven design, and recycling.
Each year, new ideas emerge to transform how fashion is made, used, and valued. “Each new year when the nominations open, so much has happened in the world since the last round; we see new challenges, needs, technological break throughs and opportunities. I’m always curious to see the potential that’s out there, and the new disruptive ideas that passionate changemakers are sitting on right now,” said Annie Lindmark, programme director for Innovation at the H&M Foundation.
For the year 2026, GCA is seeking early-stage innovations in four categories: responsible production – rethinking how fashion is made; mindful consumption – redefining how we use and value fashion; sustainable materials and processes – reinventing fibres and methods; and wildcards – unexpected, transformative ideas with disruptive potential.
Applicants can also apply through The Mills Fabrica, an official nominator and long-standing GCA partner with hubs in Hong Kong and London. Positioned at the intersection of sustainability, technology, and textiles, The Mills Fabrica helps surface bold ideas often overlooked by traditional industry channels, H&M Foundation said in a release.
“We are truly excited to see creative, resilient, and purpose-driven innovators stepping forward – especially those with a deep-rooted commitment to driving impact at scale and a willingness to challenge the status quo,” Cintia Nunes, general manager and head of Asia at The Mills Fabrica, explains.
The nomination model has already diversified winner profiles and expanded the award’s global reach. Looking ahead, Lindmark expressed excitement for more ‘Wildcard’ submissions, while GCA’s Cintia highlighted opportunities in bio-based fibres, circular materials, AI-driven design, post-consumer recycling, and robotics for localised, demand-responsive manufacturing.
The 2026 edition aims to accelerate innovations that can drive systemic change in fashion’s sustainability journey, spotlighting changemakers with the courage to reimagine the industry.
“Supporting early-stage innovation is essential because it’s where the seeds of radical transformation begin,” Cintia said.
“In 10 years, I hope the changemakers we select today will have helped build a textile industry that thrives within planetary boundaries and supports human wellbeing,” Annie concluded.
Fibre2Fashion News Desk (HU)
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