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Search Results for: no+tax

Bestseller to invest in sustainable materials by 2025
Danish fashion retailer Bestseller has announced plans to significantly increase its investment in sustainable raw materials, such as organic cotton and recycled polyester, by 50% by 2025. This move
BTMA urges removal of VAT to boost textile recycling
The Bangladesh Textile Mills Association (BTMA) recently asked the National Board of Revenue (NBR) to remove the value-added tax (VAT) on buying textile waste for recycling and on selling recycled
Origin Materials' secures $1.5 billion in funding
The Louisiana State Bond has authorized the issue of tax-exempt bonds worth up to $1.5 billion for the funding of Origin 2, Origin Materials' first industrial-scale production plant that would
Euratex urges a unified approach to tackle energy crisis
A unified European approach to address the energy problem has been demanded by the European textile and apparel industry, as represented by EURATEX. In order to protect the industry's future, the
Resale platform Reflaunt raises $11m in Series A funding
Reflaunt, the resale technology solution used by Balenciaga and Net-A-Porter, has raised 11 million US dollars in a Series A funding round, in order to speed up the circular growth of the fashion
Archroma to acquire Textile Effects Division of Huntsman
The Textile Effects division of Huntsman Corporation, which was formally placed up for sale at the end of 2021, will be acquired by global specialty chemicals firm, Archroma. The transaction's
Tommy Hilfiger launches fashion rental trial with My Wardrobe HQ
Fashion brand, Tommy Hilfiger, launched its first-ever rental pilot in collaboration with UK rental platform My Wardrobe HQ, allowing UK shoppers to rent or buy womenswear, footwear, and accessories
Origin Materials plans to build its second manufacturing plant in Louisiana
Origin Materials, the world’s leading carbon-negative materials company, has announced that the company has selected a site in Geismar, Louisiana, for the construction of its first world-scale
Onloan fashion rental to put business on hold as founders seek investment
London-based fashion rental service Onloan, which launched pre-COVID-19 and traded throughout the lockdown, is to put its business on hold from the middle of next month The decision was made
UK Consumers demands immediate action on climate change
As COP26 gets underway, a national consumer study conducted on behalf of UK sustainability charity WRAP found that 63% of UK citizens believe businesses should act promptly on climate change, with
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