Fashion
Mayer & Cie files for insolvency under self-administration
On 23 September 2025, Mayer & Cie., a manufacturer of circular knitting and braiding machines in Albstadt, filed an application for the opening of insolvency proceedings in self-administration at the Hechingen District Court.
On September 23, 2025, Mayer & Cie, a 120-year-old Albstadt-based maker of circular knitting and braiding machines, has filed for self-administered insolvency.
Hit by global crises, cheap Chinese competition, and a 50 per cent sales slump, the 280-employee firm seeks restructuring while continuing operations.
Lawyer Martin Mucha supports management; Ilkin Bananyarli is provisional administrator.
Mayer & Cie. specialises in the manufacture and sale of circular knitting and braiding machines, almost all of which are exported and are valued by textile manufacturers worldwide. The company is owner-managed in the fourth generation and recently celebrated its 120th anniversary. Mayer & Cie. employs around 280 people at its headquarters in Albstadt. Their wages and salaries are secured for three months via the insolvency benefit.
Mayer & Cie. operates in a market that is currently in turmoil due to global events. For example, the trade conflict between the USA and China and the war in Ukraine led to reluctance to invest worldwide. Turkey, an important export market, is struggling with high inflation, which means that textile manufacturers there are no longer competitive. At the same time, state-subsidized manufacturers from China offer their textile machines at low prices on the world market. This led to a slump in sales of almost 50 percent last year – with increased costs at the same time.
Self-administration offers companies a legal framework to reposition themselves while business operations are ongoing. In contrast to regular insolvency proceedings, corporate responsibility remains in the hands of the management, which controls the restructuring itself. She is supported by the experienced restructuring expert Martin Mucha from the law firm Grub Brugger, who joins the company as a general representative. In self-administration, the competent local court does not appoint an insolvency administrator, but a (provisional) administrator. The latter monitors the proceedings in the interest of the creditors. Attorney Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH has been appointed as the provisional administrator of Mayer & Cie.
“On Thursday, together with the management, I informed the workforce about the insolvency application. At the same time, the necessary steps were taken to maintain business operations. We intend to continue business operations as usual and will concentrate with all our commitment on maintaining the company’s core competencies,” explains attorney Martin Mucha.
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)
Published
November 11, 2025
Charles Tyrwhitt announced on Tuesday the opening of its latest New York City store, as the British shirtmaker expands its retail footprint in the Big Apple.
Located at 477 Madison Avenue, on the corner of 51st Street, the new Charles Tyrwhitt store spans 450 square feet store, framed with street-facing windows and two London telephone booth façades.
Inside, the store offers the London-based brand’s complete menswear range, including its signature collection of shirting in a variety of fits and colorways, formal and casual suiting, smart knitwear,
and casualwear, plus footwear and accessories.
The new New York store will serve as the brand’s official flagship in the U.S., marking the latest milestone in the its ongoing U.S. retail expansion, as well as strengthening its presence in the New York region.
“We are thrilled to officially open the doors to our new flagship store on Madison Avenue just steps away from where we debuted our very first New York location over 23 years ago,” said Joe Irons, chief sales and marketing officer at Charles Tyrwhitt.
“Since then, we’ve grown alongside our customers, and the response to the brand in New York has been so strong that we jumped at the opportunity to create a bigger and more impactful U.S. flagship home, adding to our four other thriving Manhattan stores.”
On November 12, locals are invited to Tyrwhitt Times, a morning event featuring complimentary coffee, exclusive offers, and the unveiling of the brand’s limited-edition newspaper, followed by the store’s grand opening party on November 19, featuring early access to Black Friday offers, a live DJ performance, refreshments, and light bites.
Today, Charles Tyrwhitt boasts 12 retail locations across the U.S., including stores across New York, New Jersey, Philadelphia, Washington D.C., and Chicago.
Earlier this year, the brand strengthened its American presence via a sponsorship as a partner of the New York Yankees and the appointment of Yankees shortstop Anthony Volpe as the brand’s U.S. ambassador.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Reuters
Published
November 11, 2025
Brazilian cosmetic maker Natura swung to a recurring net loss in the third quarter on Monday, hit by slowing consumer demand in its local market, as well as challenges in the firm’s brand integration in Latin America.
The company’s net loss came in at 119 million reais ($22.02 million) in the July-September quarter, reversing a 301 million real net profit recorded in the same period a year earlier.
It also reported recurring earnings before interest, taxes, depreciation and amortization (EBITDA) at 577 million reais in the period, a decline of 33.7% year-on-year.
According to Natura’s financial statement, the firm faced revenue challenges throughout its operations, with net revenue reaching 5.2 billion reais in the third quarter, down 13.1% from a year earlier.
In Brazil, Natura’s largest market, where economic growth has slowed amid the highest interest rates in nearly two decades, net revenue fell 3.7% year-on-year to 3.2 billion reais.
“The slowdown in the beauty market in Brazil, first identified in June 2025 and still ongoing, has led to the growth of the Natura brand stabilizing after a period of low double-digit expansion,” the company added.
In its Spanish-speaking Latin American markets, Natura cited integration challenges following the July merger of its Natura and Avon brands in Argentina.
Net revenue in these markets fell 3.9% year-on-year to around 2 billion reais.
© Thomson Reuters 2025 All rights reserved.
Following five days of constructive and forward-looking discussions between the two sides, both delegations held detailed engagements across key tracks including trade in goods, trade in services, economic and trade cooperation, and rules of origin. The discussions reflected the shared ambition to strengthen economic ties and build a mutually beneficial partnership that supports resilient, inclusive, and sustainable growth.
India and New Zealand concluded the fourth round of FTA negotiations, led by Ministers Piyush Goyal and Todd McClay, reaffirming their commitment to a modern, comprehensive pact.
Talks covered goods, services, and cooperation, aiming to boost trade, investment, and supply-chain resilience.
Both sides agreed to maintain momentum toward an early, balanced, and mutually beneficial agreement.
Guided by the leadership of Prime Minister Narendra Modi, India remains committed to forging deeper economic partnerships that contribute to global prosperity and secure supply chains. The ministers noted that the proposed FTA is expected to significantly enhance trade flows, deepen investment linkages, strengthen supply-chain resilience, and provide greater predictability and market access for businesses in both countries, the Ministry of Commerce and Industry said in a press release.
The ongoing discussions reflect the shared resolve of both nations to expedite the process and work towards an early, balanced, and mutually advantageous conclusion of the agreement.
India’s bilateral merchandise trade with New Zealand stood at $1.3 billion in FY 2024–25, marking a year-on-year growth of nearly 49 per cent. The proposed FTA is expected to unlock further potential in sectors such as agriculture, food processing, renewable energy, pharmaceuticals, education, and services, creating new opportunities for businesses and consumers alike.
Both sides agreed to sustain momentum through inter-sessional work and continue detailed discussions across all chapters with a shared determination to move towards early convergence on the India–New Zealand Free Trade Agreement.
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