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EU–Indonesia CEPA to unlock $352 mn for European sports industry: FESI

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EU–Indonesia CEPA to unlock 2 mn for European sports industry: FESI



The Federation of the European Sporting Goods Industry (FESI) has welcomed the conclusion of the Comprehensive Economic Partnership Agreement (CEPA) between the European Union and Indonesia. This long-anticipated agreement is expected to unlock €300 million (~$352.4 million) annually for the European sporting goods industry, which has supported the negotiations since the very beginning.

The CEPA will significantly boost trade and investment flows between the EU and Indonesia, unlocking new opportunities across sectors, and particularly for the sporting goods industry. It will eliminate tariffs, streamline customs procedures, increase regulatory cooperation, and support more sustainable and resilient supply chains.

FESI has welcomed the EU–Indonesia CEPA, expected to unlock €300 million (~$352.4 million) annually for the sporting goods industry.
The deal eliminates tariffs, streamlines customs, and boosts trade and supply chain resilience.
Backed by Adidas, Nike, and Puma, FESI’s advocacy since 2016 helped shape the agreement, now awaiting ratification to strengthen EU–ASEAN ties.

Indonesia is a key manufacturing hub for the sporting goods industry, home to numerous production facilities that supply European and global markets. European brands will benefit from greater market access and certainty, while Indonesian suppliers, including thousands of small and medium-sized enterprises, will see expanded opportunities to connect with European consumers.

Since 2016, FESI has actively supported the EU–Indonesia CEPA through high-level engagement and advocacy. Key milestones include meetings at the EU-ASEAN Summit in 2022, a 2023 delegation to Jakarta with president Neil Narriman, a 2024 discussion with vice trade minister Dr. Jerry Sambuaga, and a pivotal 2025 meeting in Brussels before the agreement’s conclusion, FESI said in a release.

“We recognise the important role played by the European Commission in moving this agreement forward and advancing the EU’s broader trade agenda. At the same time, FESI has been a tireless advocate for this partnership from day one, and we are proud to see our industry’s united voice help shape a modern, strategic trade policy with one of ASEAN’s most dynamic economies,” said Youri Mercier Richkine, FESI deputy secretary general.

These efforts, backed by long-standing support of FESI member companies such as Adidas, Nike, and Puma, have been essential to securing a deal that delivers tangible, practical benefits for business.

As the EU–Indonesia CEPA moves into its final phase, FESI calls on the EU Member States and the European Parliament to swiftly ratify the agreement to reinforce the EU’s commitment to a progressive, open, and rules-based trade agenda.

Amid growing trade tensions and global fragmentation, the CEPA sends a clear signal that the EU remains a reliable, forward-looking partner for fast-growing Indo-Pacific economies. The agreement not only unlocks new opportunities for European companies and workers, it also advances the EU’s policy priorities, as outlined in President Ursula von der Leyen’s 2024 political guidelines, including deeper engagement in the Indo-Pacific and stronger cooperation with ASEAN.

“The EU–Indonesia CEPA is a landmark step for our industry and one of the key priorities of my mandate at FESI. Concluding this agreement as my presidency comes to an end is both symbolic and a lasting legacy for our sector. Once again, we are also strengthening our ties with the ASEAN region, further deepening mutually beneficial partnerships that open new opportunities for our industry and our partners alike,” Neil Narriman, FESI president, said.

“We extend our sincere appreciation to the Indonesian government and the European Commission for achieving this landmark agreement. This milestone not only acknowledges Indonesia’s role as a global manufacturing leader but also promotes active lifestyles across Europe by eliminating tariffs on a wide range of sporting goods. The agreement has the potential to foster sustainable growth, attract investment, and enhance supply chain resilience across both regions”, commented Manuel Pauser, vice president global government & community affairs at Adidas, vice-president of FESI and vice-chair of FESI Trade Preferences Task Force.

“The EU–Indonesia CEPA is not only an important trade agreement for our industry, workers and consumers, but also a strong signal to the rest of the world that Indonesia and the EU can champion rules-based trade in a challenging trading landscape,” said Ingrid van Laerhoven, director trade & customs EMEA, government and public affairs at Nike, and chair of the FESI Trade Committee.

Fibre2Fashion News Desk (HU)



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ICE cotton stays weak as dollar falls; WASDE report awaited

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ICE cotton stays weak as dollar falls; WASDE report awaited



ICE cotton futures remained bearish and slipped yesterday ahead of USDA’s World Supply and Demand (WASDE) report. Traders were cautiously waiting for the release to assess the demand and supply outlook. However, weakness in the US dollar offered slight support and limited the decline in US cotton prices.

ICE March 2026 cotton futures settled at 64.53 cents per pound, down 0.28 cents or 0.43 per cent. New contract-low closes were recorded for December 2025, March 2026, May 2026, and July 2026 for the second consecutive session.

ICE cotton futures remained weak ahead of WASDE report, with March 2026 settling lower and several contracts hitting new lows.
A softer US dollar offered limited support, while market caution persisted amid weak demand and muted buying.
US government’s reopening and recent export sales data had little impact, and analysts expect higher supply estimates as December’s first delivery date approaches.

The dollar fell to a two-week low, improving foreign buying interest, while Wall Street’s sharp decline and fading expectations of rate cuts added to overall market caution.

Total volume traded today stood at 94,153 contracts, while yesterday’s cleared volume of 115,071 contracts ranked as the eighth-highest on record.

The US government reopened after a 43-day shutdown, with most federal services resuming, and cotton prices remaining flat. Loan programmes will offer temporary relief to growers.

USDA export net sales for the week ending September 25 were 200,600 bales, including 199,500 Upland bales and 1,100 Pima bales for the 2025–26 season. This was the last weekly US cotton sales report issued before the shutdown.

Market sentiment remains under pressure as sellers are not realising profits despite competitive pricing, and demand is expected to stay muted.

Market analysts said the upcoming USDA report may show higher supply and a slight reduction in export projections. The December contract remained under pressure as the first delivery date approaches on November 21.

This morning (Indian Standard Time), ICE cotton for December 2025 was trading at 62.93 cents per pound (up 0.03 cent), cash cotton at 60.40 cents (down 0.40 cent), the March 2026 contract at 64.56 cents (up 0.03 cent), the May 2026 contract at 65.76 cents (up 0.06 cent), the July 2026 contract at 66.85 cents (up 0.04 cent), and the October 2026 contract at 67.33 cents (down 0.26 cent). A few contracts were unchanged from their previous close, with no trading recorded so far today.

Fibre2Fashion News Desk (KUL)



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Pull&Bear taps talented French artist Thomas Lélu for a second drop

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Pull&Bear taps talented French artist Thomas Lélu for a second drop


Translated by

Nicola Mira

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November 14, 2025

Pull&Bear is going all-in on the colour blue. After dropping a first collaboration with French artist Thomas Lélu earlier this year, a capsule collection themed around Valentine‘s Day, the Inditex group’s fashion chain has teamed up once again with Lélu to present a second jointly designed collection, now available on the Pull&Bear e-shop.

Pull&Bear’s new capsule collection is available on the label’s e-shop – Pull&Bear

The collection is called ‘Objets’, and is characterised by a light-hearted, ironic urban style, with prices ranging from €9.99 for a silver key ring with a hat charm, to €29.99 for a tasselled scarf. It also includes items such as a smartphone case, a hat, a beanie and a tote bag, all of them featuring Lélu’s distinctive lettering and blue colour.

In addition to these accessories, the collection comprises a unisex fragrance and a limited-edition vetiver and vanilla-scented candle called ‘Unexpected Wood’, developed by Ane Ayo and Marina Merce of Swiss fragrance specialist Firmenich. All the items are inscribed with messages in English, such as ‘You will never find another me’ or ‘It’s never too late to start now’. 

This second drop with Lélu is the latest in a long list of collaborations launched in recent months by Pull&Bear with other consumer brands and artists. Among the label’s most recent partnerships, one with Italian coffee machine producer Bialetti, a capsule collection with Portuguese artist Braulio Amado, and a collaboration with emerging label Lueder, presented during the latter’s London Fashion Week show as part of the BFC’s Newgen project.

Pull&Bear was founded in 1991 and is based in the town of Narón, Spain. As of the end of 2024, the label operated 800 stores, between directly owned and franchised ones, and catered to over 200 markets with its e-shops. It is part of the Inditex group, along with other brands such as Zara, Massimo Dutti, Stradivarius, Bershka, Oysho, Zara Home and Lefties.

In fiscal 2024, Pull&Bear increased its revenue by 4.6%, up to €2.469 billion. In the same year, the Inditex group, under Marta Ortega’s leadership, grew its revenue by 7.5%, reaching €38.632 billion.

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US’ VF Corp completes $600 mn Dickies sale to Bluestar Alliance

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US’ VF Corp completes 0 mn Dickies sale to Bluestar Alliance



VF Corporation has officially closed the previously announced transaction to sell the Dickies brand to Bluestar Alliance LLC.

The deal, valued at an aggregate base purchase price of $600 million in cash, remains subject to customary adjustments, the company said in a release.

VF Corporation has closed its $600 million sale of the Dickies brand to Bluestar Alliance.
The deal follows an earlier agreement for the iconic workwear and streetwear label, which operates in 55 countries.
Bluestar CEO Joseph Gabbay praised Dickies’ strong legacy, while VF CEO Bracken Darrell said the brand has a bright future and strong growth potential under its new ownership.

The transaction follows the definitive agreement announced earlier this year, under which Bluestar Alliance committed to acquiring the Dickies brand. Known for its century-long heritage in performance workwear and its influence across streetwear culture, Dickies today has distribution in 55 countries and continues to resonate with a wide spectrum of global consumers.

Bluestar Alliance CEO Joseph Gabbay highlighted the brand’s deep legacy, noting that the company has followed Dickies for many years and values the strong foundation built by VF Corporation. He said the firm aims to unlock further growth by leveraging its consumer insights, operational capabilities, and brand-building expertise.

“Dickies is an iconic American workwear brand with a bright future, and I am confident that under Bluestar Alliance’s ownership, it will continue to improve and realize its significant growth potential,” said VF’s president and chief executive officer, Bracken Darrell.

Fibre2Fashion News Desk (HU)



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