Fashion
Levi’s launches LEAP to cut emissions in India supply chain
LEAP will offer suppliers the best available pricing, terms, and return on investment to enable renewable energy procurement. This comes at a time when there is a significant opportunity to increase awareness and technical capacity with Indian suppliers as they navigate the diverse and evolving renewable electricity landscape. The program will be shared with the company’s textile and apparel manufacturing suppliers in India, including in-depth training modules, financial analysis, and access to Schneider Electric’s advisory services.
“We are committed to incentivising renewable energy in our supply chain and know our path to our near-term supply chain emissions reduction target is through proven, scalable solutions that fit each supplier,” said Jeffrey Hogue, chief sustainability officer at LS&Co. “Between Schneider Electric’s expertise and the robust network of renewable electricity opportunities available in India, we’re now in a position to better support our suppliers in their own sustainability strategies – and to deliver on ours.”
Levi Strauss & Co and Schneider Electric launched the LS&Co Energy Accelerator Program (LEAP) in India to expand renewable electricity in the supply chain.
The initiative supports LS&Co’s 42 per cent emissions reduction target by 2030.
LEAP provides suppliers with training, financial analysis, and access to advisory services to adopt scalable clean energy solutions.
For the first stage of LEAP, LS&Co. will support textile and apparel manufacturing suppliers in India to transition to renewable electricity, with a goal of later expanding the program to other business partners and geographies. Suppliers that join LEAP will also have the opportunity to explore individual purchase opportunities, such as on-site solar or certificate purchasing, or join a multi-buyer cohort for a power purchase agreement (PPA).
“I am happy to learn that Levi Strauss & Co. has taken steps to increase access to renewable electricity for their supply chain,” said Shri Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, Government of India. “I welcome this initiative, and this shows that businesses can benefit from clearer and more accessible renewable energy opportunities.”
Schneider Electric has advised companies, including LS&Co., on more than 1.3 TWh of aggregated renewable electricity procurement across supply chain programs managed on behalf of clients in multiple markets. LS&Co. was a participant alongside four other companies in the first multi-buyer power purchase agreement (PPA) cohort for Walmart’s Gigaton PPA program in the US, managed by Schneider Electric, which will serve as a model for any group PPAs developed through LEAP.
“At Schneider Electric, we believe that accelerating the transition to renewable energy across global supply chains is essential to achieving meaningful climate impact. We’re proud to partner with Levi Strauss & Co. on the LEAP initiative, which exemplifies how companies can lead with purpose and scale proven solutions to empower their suppliers,” said Steve Wilhite, President, Schneider Electric Sustainability Business. “By combining our deep expertise in renewable energy advisory with LS&Co.’s bold sustainability vision, we’re helping unlock new opportunities for cleaner energy in India and beyond.”
“As India embarks on an ambitious journey towards a greener, more resilient future, it’s inspiring to see global brands like Levi Strauss & Co. embracing this shift and empowering their supply chains to adopt renewable energy. At Schneider Electric, we are proud to support this transition through Levi Strauss & Co. Energy Accelerator Program (LEAP), combining our expertise with a shared purpose to accelerate decarbonisation, foster industrial innovation, and build a sustainable India for generations to come.” – Deepak Sharma, Zone President – Greater India & MD & CEO, Schneider Electric India
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 (MS)
Published
November 17, 2025
Montirex, the UK sports brand based in the Northwest of England has its sights set on the US market and its products are now available there exclusively through JD Sports.
JD is stocking the brand’s signature Trail collection and MTX Run City New York range in the JD Sports Times Square store.
It debuted there late last week, “marking a landmark moment for the brand as it accelerates into new markets”.
The move came ahead of the weekend’s UFC 322 fight, taking place in New York City, where Montirex ambassador Leon Edwards took centre stage in his comeback bout at Madison Square Garden (unfortunately, he lost).
To celebrate the occasion, Montirex had released a short film “following Edwards’ journey back to the cage, narrated by rising Birmingham rapper T.Roadz – paying homage to Leon’s roots and relentless drive”.
The brand also made an impact by unveiling its first-ever US billboard in Times Square ahead of the fight.
Regardless of how Edwards did, the move into the North America market is a key one for the business and comes after sustained growth since the company’s launch in 2019.
The company said it will continue to target making waves in the US into the New Year through its line-up of athlete ambassadors, including English boxer Dalton Smith during his world title challenge in New York on 19 January. Both Smith’s and Edwards’ fights follow English boxer Giorgio Visoli’s recent success during his US debut in Philadelphia last month.
Founded by best friends Daniel Yuen and Kieran Riddell-Austin in Liverpool, Montirex has gown very fast and the company opened its first physical store a little over a year ago.
Yuen said that expanding into the US “is a huge moment for us. The past few years have been a whirlwind of determination and hard work, and we continue to be humbled by the success we’ve had within the UK market. With our sights firmly set on sustained momentum and growth for Montirex, now feels like the perfect time to take the brand across the pond and show the US market what we have to offer.”
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This momentum aligns with a broader shift in global fashion, where sustainability is driving renewed demand for Merino wool across premium, performance, and everyday apparel.
Known for its softness, breathability, and biodegradability, the fibre is increasingly favoured for its natural, traceable, and ethically sourced qualities, particularly among Gen Z and millennial consumers.
Channel-wise, DTC revenue increased 27.6 per cent to CHF 314.7 million, while wholesale rose 23.3 per cent to CHF 479.6 million. All regions contributed, with Europe, Middle East and Africa (EMEA) up 28.6 per cent, the Americas up 10.3 per cent, and Asia-Pacific surging 94.2 per cent. Shoes grew 21.1 per cent, apparel increased 86.9 per cent, and accessories jumped 145.3 per cent.
The profitability strengthened sharply, with gross profit up 35.5 per cent to CHF 522.2 million and gross margin expanding to 65.7 per cent. Net income soared 289.8 per cent to CHF 118.9 million, lifting net margin to 15 per cent, while adjusted EBITDA rose 49.8 per cent to CHF 179.9 million, On said in a press release.
Swiss sportswear company On Holdings has posted strong Q3 and 9M results, with Q3 net sales up 24.9 per cent to CHF 794.4 million (~$1 billion) and sharp gains across DTC, wholesale, and all regions.
Profitability improved, with gross margin at 65.7 per cent and net income up nearly threefold.
For 9M 2025, sales rose 32.6 per cent, supported by strong growth in footwear, apparel, and accessories.
“Our focus on excellence continues to drive powerful global momentum, earning deep trust with consumers and strengthening the core of our business. With an outstanding product pipeline and boosted by the remarkable achievements of On’s athletes that embody our performance spirit, we carry this momentum forward with confidence and energy,” said Caspar Coppetti, co-founder and executive co-chairman of On.
“Our consistent execution continues to bring our strategy to life—winning in performance, elevating our brand, and engaging our expanding global community in credible and consistent ways. We’re strengthening our connection with customers through experiences that showcase our premium positioning – from our most elevated stores to the growing momentum of our apparel business,” said Martin Hoffmann, CEO and CFO of On.
“At the core, our focus on operational excellence and technology is making us faster, smarter, and more agile. These results give us strong confidence—both for a successful holiday season and for the long term, as we continue building the world’s most premium global sportswear brand,” added Hoffmann.
For the nine-month (9M) period, On delivered sustained top-line strength with net sales rising 32.6 per cent to CHF 2,270.2 million (~$2.86 billion), or 37.3 per cent on a constant currency basis. DTC revenue increased 39.2 per cent to CHF 899.9 million, while wholesale climbed 28.7 per cent to CHF 1,370.3 million.
EMEA grew 34.7 per cent, the Americas 19.2 per cent, and Asia-Pacific 106.6 per cent. Shoes rose 29.8 per cent to CHF 2,117.1 million, apparel increased 82.6 per cent, and accessories expanded 127.4 per cent.
The gross profit grew 37.8 per cent to CHF 1,418.3 million, with gross margin improving to 62.5 per cent. Net income, however, decreased 11.9 per cent to CHF 134.6 million, reflecting higher investments and normalised comparisons, while adjusted EBITDA rose 51.2 per cent to CHF 436 million. Cash and cash equivalents stood at CHF 961.8 million, up 4.1 per cent, and net working capital increased 13.4 per cent to CHF 565.8 million.
Looking ahead, the company has raised its full-year guidance, citing continued momentum and a strong product pipeline. It now expects net sales growth of 34 per cent on a constant currency basis, gross margin of around 62.5 per cent, and an adjusted EBITDA margin above 18 per cent.
Fibre2Fashion News Desk (SG)
Montirex US expansion hits landmark moment with JD Sports NYC debut
Why is Merino wool demand increasing?
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