Fashion
Avantex Fashion Pitch 2025 awards GoldenEye, Green Worms
The Avantex Fashion Pitch jury awarded the 2025 prize to GoldenEye Smart Vision for its artificial intelligence-based textile quality control system.
GoldenEye Smart Vision won the 2025 Avantex Fashion Pitch for its AI-based textile quality control system, boosting efficiency and sustainability.
A special prize went to India’s Green Worms for its waste collection and recycling initiative creating jobs for disadvantaged women.
The contest highlighted innovation, digitalisation, and CSR in fashion’s future.
By perfecting the detection of visual defects in fabrics, this digital solution enhances customer satisfaction, optimises production processes and reduces raw material consumption. The jury also chose to award a special prize to Green Worms, an Indian micro-enterprise that has set up a local waste collection and processing system. Recycling waste creates sustainable jobs for women from disadvantaged socio-economic backgrounds.
‘The jury members were impressed by the quality of the designs submitted by the companies selected for this edition,’ said Claudia Franz, Director of Brand Management Apparel Fabrics & Fashion at Messe Frankfurt. ‘By recognising the GoldenEye Smart Vision project and choosing to award a special prize to Green Worms, we are supporting innovative solutions that address today’s major challenges,’ she added.
‘The choice made by the Avantex Fashion Pitch jury reflects the growing role of digitalisation in textile production processes and the ongoing transformation of the fashion world, particularly in terms of CSR issues,’ emphasises Julien Schmoll, Director of Marketing and Communications at Messe Frankfurt France. ‘These are strategic directions that we encourage and welcome,’ he concludes.
GoldenEye Smart Vision will benefit from a stand worth €2,800 (~$3320.3)at Avantex Paris 2026 and €1,000 offered by Messe Frankfurt France, plus €1,000 offered by Texpertise Network, the Messe Frankfurt Group’s textile sector network, a one-year subscription to the VLGE creative solution (worth €30,000), one year of incubation at Foundry offered by IFA Paris (worth €4,500), a keynote speech at the Circular Textile Days event, and an article in Luxiders Magazine.
Green Worms will receive €1,000 from Texpertise Network, the Messe Frankfurt Group’s textile industry network, a marketing package from Circular Textile Days, and a consultation offered by Jayne Simone Estève-Curé.
The final of the 8th edition of the Avantex Fashion Pitch competition, organised by Messe Frankfurt France, rewards the most innovative, sustainable and relevant projects for the future of fashion. Each of the eleven finalists for 2025 – Adirelounge, Ananas Fashion, CQ Studio, Delfi, Garment By, Green Worms, GoldenEye Smart Vision, Myth AI, Sequinova, Meddle, Style Shifter – had five minutes to convince the jury composed of Jayne Simone Estève-Curé, fashion and luxury expert consultant, Yoobin Jung, ventures associate sustainability at Plug and Play Tech Centre, Carol Hilsum, Investor & Tech Leader at Assembly Ventures, Claudia Frantz, Director Brand Management Messe Frankfurt, Rachel de Gooijer, Marketing Manager, Circular Textile Days.
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 (HU)
The total value of goods imported was 2 per cent higher than it was in the first half (H1) of 2024, CBS said in a press release.
In each month of Q1 2025, more goods were traded than in the same month of 2024. In April and May, trade was down from last year, but in June it was higher once again.
Dutch international trade in goods rose in the first half (H1) of 2025 compared with H1 2024, according to Statistics Netherlands (CBS).
Exports increased 1.9 per cent and imports 2 per cent YoY.
While mineral fuel trade declined, exports of other goods were largely stable or higher.
Trade with Belgium, France, and the UK weakened, whereas exports to Germany and the US and imports from China grew.
Imports and exports of mineral fuel declined in H1 2025: the import value was 11 per cent lower, while the export value was 15 per cent lower. In other product categories, exports were higher than the previous year or were down by less than those of mineral fuels.
There has been geopolitical turbulence around the world in recent months, and trade with certain neighbouring countries seems to have suffered particularly in the first half of 2025. The value of imports from Belgium and the United Kingdom was down, for instance, as was the value of exports to Belgium and France, added the release.
Exports to the Netherlands’ key trading partner, Germany, saw an increase, while imports from China rose 5 per cent YoY in the first half (H1) of 2025. Exports to the United States climbed 11 per cent, with the most notable growth occurring in February, March, and April.
Fibre2Fashion News Desk (SG)
Published
November 4, 2025
Michael Kors parent Capri Holdings’ revenue exceeded estimates and totalled $856 million in the second quarter of the 2026 financial year. The business’ net loss rose to $34 million, compared to net income of $42 million a year prior.
“We are encouraged by our second quarter results,” said the company’s chairman and CEO John D Idol in a release posted on the business’ website on November 4. “Trends continued to improve sequentially, which resulted in revenue, gross margin, and operating income exceeding our expectations. This performance demonstrates the progress we are making as we execute against our strategic initiatives to energise our fashion luxury houses.”
The business’ revenue dropped by 4.2% year on year in constant currency terms (-2.5% on a reported basis) and its loss from operations totalled $12 million in the quarter ending September 27. Capri Holdings’ gross profit totalled $522 million in the second quarter of the 2026 financial year and the reported gross margin was 61%, compared to $547 million and 62.3% a year prior. Tariffs negatively impacted the gross margin rate by approximately 130 basis points, according to the business, and a higher than anticipated effective tax rate versus its original guidance negatively impacted adjusted net income by $24 million.
Capri Holdings’ brand Michael Kors’ revenue decreased by 1.8% on a reported basis and 3.3% on a constant currency basis in the second quarter of the 2026 financial year, totalling $725 million. The label’s gross profit was $430 million in the second quarter, compared to $451 million a year earlier.
The business’ label Jimmy Choo’s revenue totalled $131 million in the past quarter, representing a year on year drop of 6.4% on a reported basis and 9.3% on a constant currency basis. The luxury brand’s gross profit was $92 million in the second quarter this fiscal, compared to $96 million in the second quarter of the 2025 financial year.
“With the Versace sale expected to close in our fiscal third quarter, we are now fully focused on the growth of our two iconic brands Michael Kors and Jimmy Choo,” said Idol. “We plan to use the proceeds of the sale to repay the majority of our debt, substantially strengthening our balance sheet and providing greater financial flexibility to both invest in our growth as well as return capital to shareholders in the future. Given the encouraging signs of stabilisation across our business and our planned reduction in debt levels, our Board of Directors has authorised a new $1 billion share repurchase program which the Company expects to begin implementing in fiscal 2027.”
In its outlook for the full 2026 financial year, Capri Holdings expects to see its total revenue sit in the range of $3.375 billion and $3.45 billion with an operating income of around $100 million. The business forecasts total revenue of $2.8 billion to $2.875 billion for the Michael Kors brand and $565 million to $575 million for Jimmy Choo for the full financial year.
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The exemptions had been discontinued on March ** this year as the government did not issue a fresh notification before the expiry of the previous one. As a result, duty exemptions were unavailable to Indian exporters from April until the new notification was issued on October **.
Under the latest notification, imports of materials including wet blue, crust, and finished leather; buckles, zips, soles, linings, and fittings will continue to enjoy Nil customs duty when used in the manufacture of leather garments, footwear, and accessories meant for export.
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