newsletter 15August2014
Transcription
newsletter 15August2014
Newsletter Latest Denim News & Updates from Across the Globe Your Window To The World Of Denim 15 August 2014 www.denimclubindia.org True Religion Holiday 2014 Lookbook Jeans sales declining with consumers opting for comfort Hudson Jeans launches FW2014 campaign H&M teams up with nonprofit firm to dress people in need Denim Collection launched by Nasty Denim Gal Nandan Denim reports strong growth for Q1FY15 Research for Indigo Dyeing of yarn receives large Grant Denim Industry Who’s Who Mr. Riju Jhunjhunwala, LNJ Denim, India Mr. G.S. Krishnan, Novozymes South Asia Pvt. Ltd., India Featured From The Denim Directory Itema S.p.A, Italy Woodin Launches ‘Jeans de Woodin’ Pg No. 3 BUY YOUR COPY NOW! Denim Club India presents Most Comprehensive Compilation of Denim Businesses and Professionals 1100+ Businesses 1500+ Professionals Grouped & Classified under various value chain segments Fibre and Yarn Dyes & Chemicals Fabric Trims & Accessories Cutting & Sewing Machinery Display & Packaging Retail Washing & Laundry Brands Testing Consultant Association IT / Technology Solutions Allied Services Design Institute Buying Houses Spares & Consumables Garments Supported by Platinum Sponsor Gold Sponsor Silver Sponsors www.vikmans.com Kunal Organics Pvt. Ltd. Kusters Calico Machinery Pvt. Ltd. Indorama Industries Ltd. Indigo World A. Ganpathi Chettiar | ABH Biochem Pvt. Ltd. | Ajooni Storage Systems | Amith Garment Services | Archroma India Pvt. Ltd. | Atlantic Care Chemicals | Carpenter Jeans | Denim Chemicals Inc. | DyStar India Pvt. Ltd. | E. H. Turel & Company | Fertichem Cotspin Ltd. | Fibre2fashion.com | Ficus Mercantile Ltd. | Genext Logistics Pvt. Ltd.| GK Biochemical Corporation | Hotu Home | Jayantilal S. Gandhi & Co. | Jatin Cotton Mills Pvt. Ltd. | Kassim Denim | Lectra Technologies India Pvt. Ltd. | Mahalaxmi Textiles | Modern Denim Ltd. | Nandan Denim Ltd. | Pacific Denims Ltd. | Pack Impex | Prashant Group | Preet Buttons & Fastners Industries | R & B Denims Ltd. | R. P. Synthetics | Real Time Consultants | Richlook India Pvt. Ltd. | Sangam Denim | Sanjay Plastics and Industrial Service | Suryalakshmi Cotton Mills Ltd. | Technocraft Industries | Tecza Jeans | The Denim Culture | TUV Rheinland India Private Limited | Vardhman Yarns and Threads Limited | Zaab Fashion to get your copy now, call on +91 958 288 3612 Denim Club : Your Window To The World Of Denim Apparel - Collection Woodin Launches ‘Jeans de Woodin’ Woodin has launched eight new bold designs and exciting colors for a fun holiday season in Accra. The new design, inspired by Denim Jeans, creates the most fashionable jeans, redesigned as an exclusive adaptation of western illustration with a rich African taste. Georgina Mensah, Marketing Manager, said designs for Jeans de Woodin come in two different weights of 100 percent cotton fabric. Light weight fabrics are suitable for shirts, blouses, dresses and heavy weight fabrics are suitable for pants, shorts and skirts, she added, “With Jeans de Woodin, we celebrate a new movement in African fashion. A movement that breaks rules, lives on the edge and makes bold choices,” Mrs. Mensah explained. The collection captures the optimism of the modern African lifestyle, designs trendy African prints for men and women who are young at heart. Woodin is the first Pan-African print brand by and for Africa, and have worked since 1985 to connect global trends to modern African life, transforming ethnic symbols into modern African designs. Source: Dailyguideghana.com August 2014 DENIM CLUB INDIA 03 Denim Club : Your Window To The World Of Denim Apparel - Collection True Religion Holiday 2014 Lookbook Tr u e R e l i g i o n h a s released its Holiday 2014 lookbook which is absolutely eyecatching. The collection includes patchwork jeans and beautifully executed leather pieces and detailed zipper p e n c i l s k i r t s . Tr u e Religion has brought patchwork denim into both the men’s and women’s collections which is interesting as not many men have been seen wearing patchwork jeans for some time. For the holiday season, the focus shifts from the stitching to the fabric, and True Religion is reintroducing new metallic colors and accents on both leather and denim. True Religion has slowly, but surely moved away from its previous stereotype flap pocket/heavy stitches denim to a more sophisticated and classier kind of brand. True Religion has focused on the classic baseball stitch this year to create new, cutting edge styles. This new stitch will make its presence felt on pants, shorts, shirts and jackets in both the men’s and women’s lines. Source: Denimology.com August 2014 DENIM CLUB INDIA 04 Denim Club : Your Window To The World Of Denim Industry - Apparel Jeans sales declining with consumers opting for comfort Currently denim seems to be suffering from the blues with domestic sales of jeans having dropped 6 percent last year, worrying some manufacturers and prompting VF Corp, the maker of Wrangler and Lee brand jeans to set up a think-tank to come up with other ways of using the distinctive and hard-wearing dyed blue cotton twill. Even Levi Strauss & Co, a name synonymous with jeans, is struggling, with second-quarter revenue dropping 2 percent from last year and net profit falling a whopping 76 percent because of falling sales in the U.S. It also cuts 800 jobs -20 percent of its non-retail and non-factory positions -- as part of a plan to save up to $200 million a year. A growing trend in casual wear is all about comfort, and denim is struggling to find its place. Retail and fashion experts alike are not afraid to admit the new look, coined "athleisure," is all the rage from teens turning to leggings instead of jeans and moms sporting their yoga-wear everywhere and all day long. "There isn't an 'it' item for back-to-school like we had two years ago," said Dana Telsey, CEO and chief research officer at Telsey Advisory Group. "What there are, there are certainly dusters and dresses, there's these crop tops that seem to be working and anything with the athletic bent. Athletic and activewear are certainly the new everyday wear and that's happening no matter what age people are." Jean sales are down 6 percent year-over-year, according to NPD Group and retailers have taken notice. Marshal Cohen, chief industry analyst of The NPD Group said "A 6-percent drop may not seem like much, but it's rare for denim to take such a dramatic drop. It's a commodity business, we buy it and replenish it all the time." VF Corp has noted the decline, with Scott Baxter who heads the company's jeanswear business, recently saying that its Lee brand, with a 60:40 ratio of women-to-men sales suffered a decline of about 15 percent in the United States. Interestingly, Wrangler, with only 20 percent of revenue coming from the women's category, saw a single-digit increase in the Americas. Baxter told investors that in the Americas, the jeanswear business was facing continued challenges "due to the ongoing unfavorable women's denim trend." Piper Jaffray's biannual "Taking Stock of Teens" survey shows over the last two years teen girls' brand preferences have moved away from denim names like Levi's, Guess, and American Eagle toward athletic names like Nike, Lululemon, Athleta, Urban Outfitters and Victoria's Secret. Affluent teens surveyed by Piper Jaffray listed leggings/Lululemon as the top fashion trend for two seasons in a row. Part of the blame for the denim doldrums, according to Piper Jaffray', is the lack of "fashion newness" in the market and the innovation of fabric technology in recent years. That innovation is now driving jeans companies to diversify in order to stay current with the consumer. Joe's Jeans is turning to "alternative fabrication" and will be introducing several nondenim programs for the fall to include leggings made with "innovative textiles." The company said in July it recognizes leggings as one of the fastest-growing segments in the market. The Gap, which may be bucking the trend through its sportswear retailer Athleta, feels the denim fatigue fad is not new. "Fashion denim is cyclical. Currently, mid- and high-waist denim styles are trending, in addition to soft pants. Denim is still a dominant category for us at Gap and Old Navy, and we are committed to continuous innovation," said spokeswoman Edie Kissko. But the NPD Group's Cohen begs to differ, saying the risk for retailers is that the "athleisure" love affair could have a lasting effect. Source: Nbcnews.com August 2014 DENIM CLUB INDIA 05 Denim Club : Your Window To The World Of Denim Apparel - Campaign Hudson Jeans launches FW2014 campaign HUDSON Jeans, the California-based, premium denim company, has announced its brand repositioning within the denim market the official global launch of its new FW2014 campaign on August 15, 2014. Peter Kim, Founder and Chief Executive Officer, HUDSON Jeans said "The premium denim landscape has changed. It's matured and expanded. There are an abundance of brands playing in this arena, with new competition coming in every day. As a founding brand in the premium denim market, it served us well to fit in with the other brands that we helped establish this category with. Unfortunately we allowed ourselves to follow conventional brand behavior specific to the fashion industry. That ends right now. We're redefining HUDSON Jeans, and with it, the denim category." Steering away from its past campaigns, the new FW2014 theme uses inspirational messages and real people with compelling stories that convey passion, craftsmanship, and optimism. Defying convention, the company is doing away with using unnecessary retouching on models in their ads and will unveil a brand new logo emphasizing its new message of truth and selfexpression. "We want to help inspire and empower people to be their truest selves and live passionately," said Peter Kim. "Just like our customer, HUDSON Jeans will always evolve - but no matter what changes, we will always be committed to making premium quality, great fitting jeans. And that commitment includes always staying at the creative forefront of the denim industry." The HUDSON Jeans FW2014 campaign will launch on all digital platforms including its new website and social media channels as well as national print. Source: Prnewswire.com H&M teams up with nonprofit firm to dress people in need Hennes & Mauritz (H&M) has teamed up with not-for-profit o r g a n i z a t i o n K.I.D.S./Fashion Delivers to provide denim clothes to people in need via the campaign titled The Wear Denim, Share Denim. The campaign will commence on August 21st at all H&M locations as well as on hm.com, making this year's back to school shopping fashionable and charitable. For each piece of denim purchased, K.I.D.S/Fashion Delivers will donate a new denim item to someone in need. H&M offers jeans, denim shirts, jackets, and separates, in a vast array of styles and fits, giving everyone the chance to make a difference and be a part of a cause to help individuals and families this fall. August 2014 DENIM CLUB INDIA 06 Denim Club : Your Window To The World Of Denim Apparel - Collection K.I.D.S./Fashion Delivers, Inc. is an organization that donates unused clothing, accessories and other product to people in need. K.I.D.S./Fashion Delivers works to unite retailers, manufacturers, foundations, and individuals to help those impacted by poverty and tragedy receive new merchandise. The organization gifts new products including apparel, accessories, shoes, furniture, toys, books, school supplies, and other items that have been donated from companies. This merchandise is distributed through a network of over 800 charities across the country, helping to improve the well-being of at-risk individuals. Since the company's inception in 1985, K.I.D.S/Fashion Delivers has distributed over $1 billion worth of product to those in need. H & M Hennes & Mauritz AB was founded in Sweden in 1947 and is quoted on NASDAQ OMX Stockholm. The company's business concept is to offer fashion and quality at the best price. In addition to H&M, the group includes the brands & Other Stories, Cheap Monday, COS, Monki and Weekday as well as H&M Home. The H&M Group has around 3,300 stores in 54 markets including franchise markets. In 2013, sales including VAT were SEK 150,090 million and the number of employees is more than 116,000. Source: Fibre2fashion.com Denim Collection launched by Nasty Denim Gal Nasty Gal has launched its first in-house denim collection. Each piece in the collection is stylized and made in the U.S.A. The line includes five styles: The Flip Skirt (an Aline mini), The Bell Jean (a '70s flare), The Kink (a high-waisted cropped skinny), The ExBoyfriend Jean (baggy, ripped, loose) and The MILF (a mom jean). The styles all come in custom washes and perfect fits. Prices range from $68 for the skirt to $98 for the bell bottoms. The campaign for Nasty Gal's new denim collection has been shot by Motoyuki Daifu and styled by Stevie Dance. Model Anais Pouliot stars in the images, which, in true Nasty Gal fashion, are uniquely styled to perfection. The launch of an in-house denim collection is just one step in Nasty Gal's expansion process. The company's chief executive Sophia Amoruso said she is excited to open the first Nasty Gal retail store sometime later this year. Sophia Amoruso, Chief Executive, said "Our customers are shopping brick-and-mortar as well and we want to be everywhere that she is. We want to engage with her in the real world." The collection can be purchased at Nasty Gal's website http://www.nastygal.com/ Source: Fashiontimes.com August 2014 DENIM CLUB INDIA 07 Denim Club : Your Window To The World Of Denim Corporate - Financials Nandan Denim reports strong growth for Q1FY15 Nandan Denim Q1FY15 Result YOY 300 In Rupees Crores 263.69 254 250 205.12 191 200 150 102 100 75 45 50 15 0 Net Profit Sales Turnover Jun-13 Nandan Denim, the Ahmedabad based textile player in denim weaving segment, has reported a strong growth in revenue in the first quarter that ended in June 2014. The net profit after tax is Rs. 11.47 crore for the first quarter, up by 20.7 per cent as against Rs. 9.51 crore in the corresponding quarter , the previous year. Other income for the quarter was Rs 0.84 crore a rise of 31.25% as against Rs 0.64 crore for the same period in the previous year. The company posted standalone sales turnover at Rs. 263.69 for the quarter, a growth of 28.6 percent against revenue at Rs. 205.12 crore for the same period in the previous year. EBIDTA growth during the quarter was 20.3 per cent at Rs. 41.13 crore as against Rs. 34.19 crore during the comparable quarter in the previous year. Nandan Denim recorded export sales of Rs. 45 crores for the quarter that ended on 20 june 2014 as against Rs. 15 crores in the corresponding period in 2013. Export Sales EBIDTA Jun-14 Presently, Nandan Denim is undergoing capacity expansion plan of Rs. 612 crore, as on 30 June, 2014, the company has incurred an expenditure of Rs. 206.91 crore. The expansion program constitutes expanding the denim fabric weaving capacity and backward integration by way of expanding the yarn spinning capacity. Deepak Chiripal, CEO, Nandan Denim, said, the revenue and profitability growth has largely been on the back of increase scale of operations in denim and shirting segment, and improvement in denim fabric sale realizations. The company continues to focus upon strengthening the market share in domestic and global markets. The meeting Board of Directors of Nandan Denim Ltd was held on August 08, 2014, and the Board has considered and approved the increase in Authorised Share Capital of the Company from the present Rs. 50.00 crores to Rs. 100.00 crore. The board has also approved raising of fresh capital through various resource options including but not limited to Rights Issue, QIP, ADR, GDR, FCCB for a total amount not exceeding Rs. 500.00 crores. Source: Compiled from various sources. August 2014 DENIM CLUB INDIA 08 Denim Club : Your Window To The World Of Denim Industry - Research Research for Indigo Dyeing of yarn receives large Grant Texas Tech University’s Fiber and Biopolymer Research Institute has announced that a research project for indigo dyeing of yarn has been awarded over $470,000 in funding by the Wal-Mart Foundation. The study, titled “Foam Indigo Dyeing of Cotton Yarns: Machine Design and Process Control,” received a grant from the Wal-Mart Foundation, based in Bentonville, Arkansas. As per Dean Ethridge, Managing Director, Fiber and Biopolymer Research Institute (FBRI) the project is aimed at reducing the amount of water, contaminants, time, labor, floor space and expense needed to apply indigo dye to denim yarns. The Fiber and Biopolymer Institute’s research team is attempting to determine machine design parameters and process controls necessary for the foam application of pre-reduced indigo on yarns. By doing so, it could provide a more costefficient and ecologically sound method of dyeing denim. “Wal-Mart has long been a mainstay of the retail sector in this region of Texas, and cotton has long been ‘king’ here,” Ethridge said. “Now the Wal-Mart Foundation is enabling crucial developmental research into one of the most dominant cotton textile products in the world – indigo dyed denim. Success in the project would reduce the water used to indigo dye denim by more than 90 percent. It would introduce a new paradigm for indigo dyeing that would enable drastic reductions in costs and drastic improvements in environmental impacts. Undoubtedly it would be among the greatest legacies of Texas Tech University’s Fiber and Biopolymer Research Institute. Use of foam application, not only saves on water but is more environmentally friendly, and researchers hope to make process of indigo dyeing of denim more efficient, which is one of the largest cost components of denim fabric manufacturing. Indigo dye is a natural organic dye that has been synthetically produced and used as the main colorant of denim, particularly blue jeans, for more than 100 years, according to Ethridge. “We are extremely pleased that FBRI has received this major grant from the Wal-Mart Foundation,” said Michael Galyean, dean of the College of Agricultural Sciences and Natural Resources. “This work, which involves collaboration with the industry to develop more cost-effective and environmentally friendly dyeing methods for fabrics, reflects the realworld focus of our scientists at FBRI and their commitment to apply science to everyday life.” The grant, one of several awarded by the WalMart Foundation, was announced at the company’s U.S. Manufacturing Summit in Denver. Texas Tech’s grant was one of seven awarded by the foundation to various projects. “We are delighted that FBRI has brought us in as a partner in this important effort,” said Robert V. Duncan, Texas Tech vice president for research. “Coloring cotton is actually a very complex process, and innovations such as foam technology over conventional liquid-phase dyeing may ultimately result in lower process costs and hence a better value for the customer. This application of basic science to achieve better industrial results is exactly the sort of research that we intend to expand upon in the future.” The Fiber and Biopolymer Research Institute, a 110,000-square-foot facility located on East Loop 289 just north of 19th Street, conducts research and testing of natural and man-made fibers in order to increase the use of natural fibers in textile manufacturing in Texas. It also focuses on production and evaluation of yarns and fabrics, alternative textile processing systems, dyeing and finishing of fibers and special yarn and fabric treatments. Source: Today.ttu.edu August 2014 DENIM CLUB INDIA 09 Denim Club : Your Window To The World Of Denim From The Denim Directory Denim Industry Who's Who Mr. Riju Jhunjhunwala, Managing Director LNJ Denim, India Born in the year 1979, Mr. Riju Jhunjhunwala graduated in Business Management Studies from University of Bradford, U.K in 2000. Immediately afterwards, he became actively involved in the state of affairs of LNJ Bhilwara Group. Upon completion of his extensive induction training, his first assignment was in the exports marketing division of Rajasthan Spinning & Weaving Mills Ltd., the flagship company of the group. Subsequently he was involved in Malana Power Company Ltd., as Senior Vice President, where he was involved in execution of power projects and operations of the Company. He also spearheaded the Group’s foray into the IT Services sector through Bhilwara Infotech Limited and Bhilwara Scribe Limited. Mr. Jhunjhunwala was appointed as Joint Managing Director of RSWM Ltd. in October 2003. As a part of growth strategy, modernization and expansion of Textile capacities were undertaken across the business: spinning, weaving and fabric processing. He identified denim as an opportunity area for RSWM and his vision resulted in creation of a world class integrated denim plant from spinning to processed denim fabric. Owing to his keen interest for textile businesses, he was re-appointed as Joint Managing Director of RSWM Ltd. in May 2013. He also continues to be the Managing Director of Bhilwara Energy Limited and Non-Executive Director on the Boards of HEG Limited, BSL Limited, Bhilwara Infotechnology Limited, Bhilwara Technical Textiles Limited and Cheslind Textiles Limited. Mr. G. S. Krishnan, Regional President - India Novozymes South Asia Pvt. Ltd., India Mr. G. S. Krishnan has been associated with Novozymes for over two decades – a global leader in Biotechnology and Industrial enzymes. Novozymes is recognized as the largest enzyme supplier in the country, catering to requirements across industries, with a leadership position in the textile and denim segment. He has played a key role in the growth of the Indian operations, from a Liaison Office with 6 employees to a full-fledged operation of 450+ employee organization. He was also actively involved in the acquisition of Biocon’s enzyme business and subsequent integration of the business. In his current role, he is responsible for growing the Indian business operations with new business development initiatives, maintaining closer coordination with external stakeholders and propagating sustainable solutions. A veteran in the industrial biotechnology sector, Mr. Krishnan has been working closely with the Textile sector to bring sustainable solutions to the industry. He holds a Bachelor’s degree in Applied Sciences and Post Graduate diploma in Marketing Management. Recognized as a thought leader on industrial biotechnology, he is regularly a part of international and national forums. He is also a constant contributor to the various industry task forces on biotech and sustainability. August 2014 DENIM CLUB INDIA 10 Denim Club : Your Window To The World Of Denim From The Denim Directory Company: Itema S.p.A, Italy Segment: Machinery Itema is a leading global provider of advanced weaving solutions, including best-in-class weaving machines, spare parts and integrated services, with more than 60 years of experience bringing together the best of knowhow and excellence of historic brands. The multinational based in Italy has a global presence, including a production line in Switzerland and in China. Itema is the only manufacturer in the world to provide the top three weft insertion technologies: airjet, rapier and projectile, with an ample product portfolio and a commitment to continuous innovation and technological advancement of our weaving machines. The Company on an average invests 5-6% of its profits in research and development, each year. For Itema, Denim is the biggest market segment and their Customers weave quality Denim using Itema machines. Itema is the only manufacturer worldwide to provide the widest portfolio of weaving machines to produce Denim, and they have expert textile consultants and technicians to help find the perfect tailor-made solution to satisfy Customers’ needs. friendly, with a reduced set up time, a powerful electronic platform and minimal maintenance A9500 Airjet Loom Projectile P7300HP weaving machine It is ideal to produce top quality and heavy (>14 oz.) Denim. The unique weft insertion system allows minimum weft stress and tension that lead to a superior fabric quality. The machine is easy to use and guarantees top reliability and functionality. Besides having the lowest waste rate among all other insertion technologies, and low power consumption, low service and maintenance costs. Rapier R9500 Rapier Loom Introduced recently, it has already received overwhelming market acceptance and is a best-seller. R9500 is best-in-class rapier machine ensuring highest versatility for full range of Denim fabrics. It is a sturdy and compact weaving machine, with a high precision machine frame and reduced number of parts. Technologically advanced, the R9500 can weave excellent quality fabrics thanks to the optimized shed geometry and low vibration at high speeds. It us user- It ensures the highest productivity among the three weft insertion systems whilst maintaining the quality, high speed and great machine performance. The machine features include optimized air consumption, minimized energy costs and a perfectly balanced sley driven by cam for an excellent weft insertion. The sturdy airjet machine guarantees high speed, low vibrations and unparalleled productivity. Itema’s R9500 and A9500 weaving machines share the same advanced common platform, which means a significant number of components are interchangeable between the two models. Companies using both weft insertion technologies can save money by investing in only one inventory stock of spare parts for both machines. Ms. Diana Profir Corporate Marketing & Communications Manager [email protected] +39 035 728 3209 www.itemagroup.com 3 1 HF008-02064P/FBQ BELT-LOOP SEAMING (with right & left fabric trimmer) 2 4 T828-75-064H Twin Needle Split Bar Heavy Duty Lockstitch Machine 5 1 3 2 HF008-0464-254P/HPR TAPE BINDING OF WAISTBAND 4 757K-516X2-56 Special driving mechanism for seaming on heavy fabric such as jeans, workwears etc. -364 XL-DP 5 FA007 3Needle Feed-Off-The-Arm Double Chain –Stitch Machine for Heavy Material and many more from the House of Siruba.......... Sole selling agent in India I S O 11F, NO. 128, Sec.3, Minsheng E.Rd, Songshan District, Taipei City, Taiwan R.O.C 9 0 0 1 : 2 0 0 8 Delhi Office: C-62, Okhla Industrial Area Phase I, New Delhi (India) - 110020. Tel. 91-011-43800100-10 Regd. 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