Fashion
Smart glasses pioneer Xreal raises $100 million in new funding
By
Bloomberg
Published
January 8, 2026
Smart glasses maker Xreal Inc. recently raised $100 million, its chief executive officer said, adding to the firm’s coffers as competition in the category heats up.
In an interview with Bloomberg Television, co-founder and CEO Chi Xu said the funding came from “supply chain partners” and other backers who he declined to disclose.
The startup, which has an overall valuation above $1 billion, announced two new sets of glasses at the CES trade show in Las Vegas this week, including an upgraded entry-level pair, and said it has extended a partnership with Alphabet Inc.’s Google.
The Chinese company and US search giant have been collaborating on a pair of smart glasses running Google’s Android XR platform that they plan to launch sometime in 2026. The project is proceeding on schedule, Xu said in the interview.
“We’re really good at building optical modules and building chips. Google, they’re really good at building AI and operating systems,” Xu said, adding that he believes the best glasses hardware will result from collaboration — not one company trying to do everything.
At CES, a range of companies have showcased new wearables and AI-powered gadgets. Razer Inc. debuted concept headphones expected to launch this year, which feature built-in cameras for analyzing a user’s surroundings. Lenovo Group Ltd.’s Motorola unit showed off a concept that took the form of a pendant necklace, also with a camera.
Razer CEO Min-Liang Tan made the case in an interview with Bloomberg earlier this week that some consumers will prefer the headphone style since not everyone wears glasses — and their natural position when worn on the head still allows the cameras to maintain an eye-level perspective.
“I just met him a couple days ago, and we talked a little about that,” Xu said of Tan, adding that he’s confident glasses are the best solution.
Xreal has faced mounting competition from tech giants including Meta Platforms Inc., which has led the category with its artificial intelligence-enabled Ray-Bans. Meta released a premium $799 model last year with a built-in display and unique wrist-worn band as it explores what features will resonate with consumers.
“This is a big enough market, and I don’t really see the form factor converging,” Xu said, describing the smart glasses category as “an open race for everybody.”
Apple Inc. is expected to introduce its first smart glasses as early as this year after struggling to find momentum with the $3,499 Vision Pro headset, which received a minor update last fall. The company shelved an overhaul of the mixed-reality headset to prioritize AI glasses like those from Meta, Bloomberg has reported.
“The challenge is it is too expensive. It is too heavy,” Xu said of the Vision Pro. “We can deliver 80% of that kind of experience” in a lighter, far more affordable product, he added.
Fashion
Recycling Europe Textiles calls for compulsory recycled content in textiles products in Europe from 2028
By
Portugal Textil
Translated by
Nicola Mira
Published
January 9, 2026
Recycling Europe Textiles (RET), the European association representing the textiles reuse and recycling sector, has urged the EU Commission to introduce ecodesign rules mandating the presence of at least 10% of recycled fibre content in textile products from 2028.
RET believes that the forthcoming European regulation on ecodesign for textile products is a decisive opportunity to accelerate the industry’s transition to a truly circular model. In a position statement published on January 7, the organisation underlined that introducing mandatory recycled-content requirements is essential to strengthen the recycling industry and respond to the growing pressure on textile-waste collection and treatment systems in Europe.
According to RET, the sector currently faces a critical juncture, characterised by an excess of low-quality textile waste, weak demand for recycled fibres, and funding constraints. The situation is likely to worsen as the separate collection of used textiles became mandatory in Europe in January 2025, and given the growing consumption of apparel products driven by the ultra-fast-fashion phenomenon. Without clear market signals, RET warned, increasing volumes of used textiles risk being incinerated or sent to landfill, rather than reutilised to make new products.
To reverse this cycle, RET is advocating a strict, targeted definition of ‘recycled content’ that prioritises post-consumer textile waste generated in Europe, excludes open-loop sources such as PET bottles, and discourages the generation of industrial textile waste. The aim is to promote genuine fibre-to-fibre circularity and ensure that recycling efforts focus on the main textile-waste stream in the European market.
Targets-wise, RET is proposing the progressive introduction of mandatory recycled-content requirements for textile products, starting with a company-portfolio-level approach and moving to product-level targets from 2030. The proposals stipulate a minimum of 10% of recycled fibres by 2028, 15% by 2030, and 30% by 2035, with a growing share sourced from European post-consumer waste. These targets, according to RET, would send clear predictive signals to the market, creating steady demand for recycled fibres and unlocking investment in new sorting and recycling technologies.
Another mainstay of RET’s position is the need for robust and credible verification systems. The association supports a hybrid model combining chain-of-custody systems, mass-balance methodologies and greater traceability, especially at the collection and sorting stages. In this context, the EU’s Digital Product Passport is regarded as a key tool for strengthening transparency, as it requires clear information on the amount, type and origin of the recycled content incorporated into textile products.
“Mandatory recycled-content targets are among the most effective policy instruments for transforming the European textile industry. By promoting genuine fibre-to-fibre circularity, the European Union can reduce resource extraction, boost innovation and recycling capacity, and support a resilient and competitive European textile recycling sector,” concluded RET.
This article is an automatic translation.
Click here to read the original article.
Fashion
Talks regarding EU-Bangladesh CPA to be finalised soon: EEAS official
She said this while meeting Bangladesh Chief Adviser Muhammad Yunus in Dhaka.
Talks on a comprehensive partnership agreement between the EU and Bangladesh will be finalised soon, Paola Pampaloni, acting managing director for the Asia-Pacific at the European External Action Service, has said.
She said the head of the EU Election Observation Mission would arrive in Bangladesh later this week and is expected to hold a series of meetings with political leaders and relevant authorities.
The CPA negotiations were initiated in November 2024 after 20 years during which there was a general partnership agreement.
She said the head of the EU Election Observation Mission would arrive in Bangladesh later this week and is expected to hold a series of meetings with political leaders and relevant authorities, according to domestic media reports.
Yunus said both the February 12 general elections and the referendum are crucial for Bangladesh’s democratic transition.
Fibre2Fashion News Desk (DS)
Fashion
Turkiye’s CPI for clothing-footwear up 6.5% YoY in Dec 2025
It increased by 30.89 per cent on the December 2024 figure and on a twelve-months moving averages basis, it rose by 34.88 per cent in the month.
Turkiye’s CPI increased by 30.89 per cent YoY and 0.89 per cent month on month (MoM) in December 2025, according to the Turkish Statistical Institute.
It increased by 30.89 per cent on the December 2024 figure and on a twelve-months moving averages basis, it rose by 34.88 per cent in the month.
The clothing-footwear CPI rose by 6.5 per cent YoY and decreased by 2.94 per cent MoM in the month.
The CPI for clothing and footwear increased by 6.5 per cent YoY and decreased by 2.94 per cent MoM in the month.
Fibre2Fashion News Desk (DS)
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