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Home Textiles Business Update, 2021

  • ID: 5427259
  • Report
  • August 2021
  • Region: Global
  • 21 Pages
  • Textiles Intelligence Ltd.

FEATURED COMPANIES

  • Accelerating Circularity
  • Heimtextil
  • Invista
  • Luxury linens
  • PurThread
  • Tarkett

This report provides information, analysis and valuable insight into developments relating to the global home textiles industry and market in the following categories: acquisitions, divestments and mergers; certification; corporate social responsibility (CSR); corporate strategy; environmental sustainability; events; investments; joint ventures, cooperation, licensing and distribution; markets; new facilities; and traceability.

Companies, other organisations and brands examined in this report include Accelerating Circularity, Bed Bath & Beyond, Brooklyn Bedding, Devan, Freudenberg Performance Materials, Inter IKEA Group, Lenzing, Lowe’s, Mitsui USA, Pratesi, PurThread, SFERRA, Soft-Tex International (Soft-Tex), Stainmaster, Tarkett, The Walmart Foundation, TreeToTextile, and Williams-Sonoma.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Accelerating Circularity
  • Heimtextil
  • Invista
  • Luxury linens
  • PurThread
  • Tarkett

SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS

  • Lowe’s has acquired the Stainmaster brand from Invista
  • Luxury linens brand SFERRA has acquired Pratesi

CERTIFICATION

  • Devan’s R-Vital Multivitamin finish has been certified as being compliant with standard 100 by Oeko-Tex

CORPORATE SOCIAL RESPONSIBILITY (CSR)

  • A record number of facilities have been certified as being compliant with the Global Organic Textile Standard (GOTS)
  • IKEA has renewed its partnership with the World Wildlife Fund (WWF) until 2025
  • Tarkett will fully recycle the materials from all post-consumer waste carpet tiles which it sources from the UK
  • Williams-Sonoma has set new targets relating to social responsibility in its supply chain

CORPORATE STRATEGY

  • Bed Bath & Beyond has announced plans to launch a number of its own brands in order to boost company growth
  • Soft-Tex International has established a new subsidiary in order to serve international markets

ENVIRONMENTAL SUSTAINABILITY

  • Freudenberg Performance Materials has developed a tool called the Eco-calculator to help its customers choose products based on their sustainability credentials

EVENTS

  • Heimtextil has launched a digital materials library
  • Regenerative Crops
  • Remade Fibres
  • Harvesting Waste Streams
  • Sustainable Colour

INVESTMENTS

  • The Walmart Foundation has awarded Accelerating Circularity a grant of US$1.2 mn

JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION

  • Mitsui USA and PurThread have extended their distribution agreement relating to antimicrobial textile products

MARKETS

  • US imports of made-up textiles were down in value but up in volume in 2020

NEW FACILITIES

  • Brooklyn Bedding is building a new manufacturing facility and corporate headquarters in Arizona, USA
  • Soft-Tex has opened a new distribution and production facility in Texas, USA
  • TreeToTextile will invest Euro35 mn in the construction of a facility in Sweden which will manufacture a new, affordable and environmentally sustainable cellulosic fibre

TRACEABILITY

  • Lenzing has launched a traceability platform for its Tencel branded fibres and its Lenzing EcoVero branded fibres
Note: Product cover images may vary from those shown
  • Accelerating Circularity
  • Bed Bath & Beyond
  • Brooklyn Bedding 
  • Devan’s R-Vital Multivitamin 
  • Freudenberg Performance Materials
  • Heimtextil 
  • IKEA 
  • Inter IKEA Group
  • Invista
  • Lenzing
  • Lowe
  • Luxury linens
  • Mitsui USA 
  • Pratesi
  • PurThread 
  • SFERRA
  • Soft-Tex International (Soft-Tex)
  • Stainmaster
  • Tarkett
  • Tarkett 
  • The Walmart Foundation
  • TreeToTextile 
  • Williams-Sonoma 
Note: Product cover images may vary from those shown
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