Fashion
Payment stress caps domestic cotton yarn buying in north India
In the Ludhiana market, cotton yarn prices were stable amid average local demand. Although spinning mills quoted higher prices, their selling rates could not be sustained due to slow demand. A Ludhiana-based trader told Fibre*Fashion, “Spinning mills are not under pressure to sell in the local market as they have already secured export orders. A weaker rupee against the US dollar is benefitting spinning mills in the export market. However, domestic demand is not supportive. Therefore, cotton yarn prices have found a balance between these deciding factors in the market.”
In Ludhiana, ** count cotton combed yarn was sold at ****;***–*** (~$*.**–*.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at ****;***–*** (~$*.**–*.**) per kg and ****;***–*** (~$*.**–*.**) per kg, respectively; and carded yarn of ** count was noted at ****;***–*** (~$*.**–*.**) per kg today, according to trade sources.
The Asset Sale was negotiated by a special committee of independent directors, received unanimous approval by Allbirds’ Board of Directors, and is subject to approval by Allbirds’ common stockholders.
Allbirds has entered a definitive agreement to sell its intellectual property and select assets to American Exchange Group for an estimated $39 million, subject to shareholder approval.
The transaction is expected to close in the second quarter of 2026, after which the company plans to dissolve and distribute remaining net proceeds to shareholders in the third quarter, following wind-down costs.
A proxy statement describing the transaction and seeking stockholder approval of the Asset Sale and subsequent dissolution and winding down of the Company (the ‘Dissolution’), is expected to be filed no later than April 24, 2026.
The transaction is expected to close in the second quarter of 2026 and a distribution to stockholders of net proceeds, taking into account wind-down expenses, is anticipated to be made in the third quarter of 2026.
Joe Vernachio, CEO of Allbirds, stated, “We are incredibly thankful to our teams for the work they have been doing to fuel our product engine, build awareness of Allbirds and deliver an engaging customer experience. Over the past decade, Allbirds has evolved into a lifestyle footwear brand known for modern design, innovative materials and unparalleled comfort. This next chapter with AXNY builds on the foundational work already completed and sets up the brand to thrive in the years ahead.”
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 (RM)
P&C v.3.2, which came into effect on April 1, follows an independent assessment of BCI’s standard against recognised regenerative programmes and industry-wide consultations to ensure alignment on the proposed changes.
“Our P&C is a living resource routinely updated to remain relevant and reflective of farmer realities. As climate change threatens farming communities, we have gone further to strengthen their focus on continuous improvement in relation to the principles of regenerative agriculture throughout our field-level standard,” Jannis Bellinghausen, BCI’s senior director of standards system integrity, said in a release from the organisation.
Better Cotton Initiative has launched a new version of its principles and criteria (P&C), marking the next step in the organisation’s journey to becoming a regenerative standards system.
P&C v.3.2, which came into effect on April 1, follows an independent assessment of BCI’s standard against recognised regenerative programmes and industry-wide consultations to ensure alignment on the proposed changes.
BCI’s P&C already covered soil health, biodiversity and natural habitats, water, pesticides and fertilisers use, and, where relevant, livestock. All these areas remain central to the standard.
The updated P&C strengthens the existing requirement of farmers to demonstrate continuous improvement by ensuring they place greater focus on regenerative agriculture when setting targets and annual activities.
Further updates to the field-level standard were made to the P&C’s management, natural resources, crop protection and decent work sections to enhance clarity and auditability.
In June 2025, BCI announced that it would transition to become a regenerative standards system at its conference in Izmir, Turkiye.
BCI head offices are in the United Kingdom and Switzerland.
Fibre2Fashion News Desk (DS)
Allbirds signs $39M asset deal with American Exchange Group
Gabrielle Union pens heartbreaking tribute after dad’s death from dementia
Hailee Steinfeld, Josh Allen mark first public appearance as parents
-
Sports1 week agoUSMNT handed reality check by Doku, Belgium ahead of World Cup
-
Sports1 week ago2026 NCAA men’s hockey tournament: Schedule, results
-
Uncategorized4 days ago
[CinePlex360] Please moderate: “Trump signals p
-
Uncategorized1 week ago
[CinePlex360] Please moderate: “Further tariff
-
Entertainment3 days agoJoe Jonas shares candid glimpse into parenthood with Sophie Turner
-
Tech3 days agoOur Favorite iPad Is $50 Off
-
Entertainment1 week agoThe Avett Brothers’ bassist explains why he wrote a book about John Quincy Adams
-
Sports1 week agoMan City show why they are worthy WSL title winners as tired United wilt