XDD Strengthens Cotton Recycling to Cut Textile Waste
Sep 14, 2022
“Denim is holding its own as well, despite price increases related to investments in sustainability and higher quality components. Guess has been accelerating its use of organic cotton, recycled polyester, TENCEL™ and modal fibers. In May, Guess Inc. entered a 250 million euros ($264 million) revolving credit facility through its wholly owned Swiss subsidiary, Guess Europe Sagl. The interest rate for the new facility will be subject to an annual adjustment based on the achievement of specific sustainability goals aimed at reducing greenhouse gas emissions, increasing the use of sustainably sourced materials and increasing the footprint of Guess Eco products.”