Latest news with #TextileGenesis
Fashion Network
16-06-2025
- Business
- Fashion Network
Lectra names Maximilien Abadie as deputy CEO
Lectra, the French specialist in digital solutions and cutting equipment for the soft materials industry, has appointed Maximilien Abadie, a member of its executive committee, as deputy CEO. Abadie has been working at Lectra for nearly 14 years. He was named head of strategy and products in 2022, having previously been in charge of corporate acquisitions and partnerships. Abadie notably masterminded the acquisitions of TextileGenesis and Launchmetrics, the eighth and ninth acquisitions made by Lectra since 2018. 'He has enabled the group to expand and assume a new dimension,' said CEO Daniel Harari. 'His main mission will be to continue to accelerate the deployment of our SaaS (software as a service) services. I have no doubt that he will manage to enable Lectra to reach new milestones in extending our services, whose positive impact on our business model we have already seen.' Lectra said that Abadie, working alongside the CEO and the executive committee, will be in charge of defining the group's strategy as well as its deployment. He will still oversee the group's external growth initiatives, while also supervising Lectra's product strategy. In 2024, Lectra reported revenue of €526,7 million, equivalent to 10% growth over fiscal 2023, with EBITDA of €91.1 million, up 15%.
Yahoo
15-06-2025
- Business
- Yahoo
TextileGenesis and Recover Team on Traceability Pilot
Recover and TextileGenesis are collaborating on a traceability pilot, meant to help track recycled material through its life. Recover produces recycled cotton fiber blends used by brands and retailers aiming to make their value chain more circular. TextileGenesis, owned by technology company Lectra, is a software-as-a-service (SaaS) offering that better enables traceability for fashion and apparel purveyors. By joining forces, the companies are hoping to validate the promise of Recover's circularity capabilities. More from Sourcing Journal From Claims to Proof: How GenuTrace Provides Science-Backed Traceability Shuffle Board: Nike's Latest Leadership Realignment, Green-ish Founder to Direct CCI How Soorty Is Building a More Resilient, Traceable Cotton Supply Chain The pilot uses TextileGenesis's Fibercoin tool, which in effect creates a digital twin of a particular asset that can be tracked through the value chain. Fibercoins can be used to track fibers, fabrics and garments alike. In this case, TextileGenesis used Fibercoin to create a token for each kilogram of Recover material, which is intended to verify movement through the supply chain. The companies will use two styles to test the traceability of items through different types of supply chain systems. Recover helped bring its supply chain partners onto the TextileGenesis platform, where they learned how the technology works and completed mock transactions with Fibercoin items. Once the pilot is complete, TextileGenesis and Recover plan to use the technology for broader fiber-to-garment traceability across retail supply chain use cases at a larger scale. The idea is that, by tracing the material input through to the retail storefront, companies will more easily be able to validate circularity and recycling claims. For companies doing business inside the European Union, that will become particularly important ahead of incoming regulations, said Orsolya Janossy, senior sustainability manager at Recover. 'Traceability plays a foundational role in validating circularity claims and preparing for regulations like the EU Digital Product Passport,' Janossy said in a statement. 'This pilot will enable us to test the TextileGenesis system in real-world conditions. It will provide our brand partners with verified data to support responsible sourcing, product-level disclosures, and credible circularity claims.' Recover already uses physical tracers for its materials, but by teaming with TextileGenesis, it hopes to further validate circular claims and add more transparency into brands and retailers' supply chains. Amit Gautam, founder and CEO of TextileGenesis, said the company is well suited to take on that task with Recover. 'Recover is demonstrating how traceability can be embedded into circular business models—not just to validate recycled content, but to create the verified data infrastructure needed for regulatory compliance and brand accountability,' Gautam said in a statement. 'This sets the foundation for scalable, digital traceability across the recycled fiber ecosystem.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
13-06-2025
- Business
- Fashion Network
Lectra names Maximilien Abadie as deputy managing director
Lectra, the French specialist in digital solutions and cutting equipment for the soft materials industry, has appointed Maximilien Abadie, a member of its executive committee, as deputy managing director. Abadie has been working at Lectra for nearly 14 years. He was named head of strategy and products in 2022, having previously been in charge of corporate acquisitions and partnerships. Abadie notably masterminded the acquisitions of TextileGenesis and Launchmetrics, the eighth and ninth acquisitions made by Lectra since 2018. 'He has enabled the group to expand and assume a new dimension,' said CEO Daniel Harari. 'His main mission will be to continue to accelerate the deployment of our SaaS (software as a service) services. I have no doubt that he will manage to enable Lectra to reach new milestones in extending our services, whose positive impact on our business model we have already seen.' Lectra said that Abadie, working alongside the CEO and the executive committee, will be in charge of defining the group's strategy as well as its deployment. He will still oversee the group's external growth initiatives, while also supervising Lectra's product strategy. In 2024, Lectra reported revenue of €526,7 million, equivalent to 10% growth over fiscal 2023, with EBITDA of €91.1 million, up 15%.
Fashion Network
13-06-2025
- Business
- Fashion Network
Lectra names Maximilien Abadie as deputy managing director
Lectra, the French specialist in digital solutions and cutting equipment for the soft materials industry, has appointed Maximilien Abadie, a member of its executive committee, as deputy managing director. Abadie has been working at Lectra for nearly 14 years. He was named head of strategy and products in 2022, having previously been in charge of corporate acquisitions and partnerships. Abadie notably masterminded the acquisitions of TextileGenesis and Launchmetrics, the eighth and ninth acquisitions made by Lectra since 2018. 'He has enabled the group to expand and assume a new dimension,' said CEO Daniel Harari. 'His main mission will be to continue to accelerate the deployment of our SaaS (software as a service) services. I have no doubt that he will manage to enable Lectra to reach new milestones in extending our services, whose positive impact on our business model we have already seen.' Lectra said that Abadie, working alongside the CEO and the executive committee, will be in charge of defining the group's strategy as well as its deployment. He will still oversee the group's external growth initiatives, while also supervising Lectra's product strategy. In 2024, Lectra reported revenue of €526,7 million, equivalent to 10% growth over fiscal 2023, with EBITDA of €91.1 million, up 15%.
Fashion Network
13-06-2025
- Business
- Fashion Network
Lectra names Maximilien Abadie as deputy managing director
Lectra, the French specialist in digital solutions and cutting equipment for the soft materials industry, has appointed Maximilien Abadie, a member of its executive committee, as deputy managing director. Abadie has been working at Lectra for nearly 14 years. He was named head of strategy and products in 2022, having previously been in charge of corporate acquisitions and partnerships. Abadie notably masterminded the acquisitions of TextileGenesis and Launchmetrics, the eighth and ninth acquisitions made by Lectra since 2018. 'He has enabled the group to expand and assume a new dimension,' said CEO Daniel Harari. 'His main mission will be to continue to accelerate the deployment of our SaaS (software as a service) services. I have no doubt that he will manage to enable Lectra to reach new milestones in extending our services, whose positive impact on our business model we have already seen.' Lectra said that Abadie, working alongside the CEO and the executive committee, will be in charge of defining the group's strategy as well as its deployment. He will still oversee the group's external growth initiatives, while also supervising Lectra's product strategy. In 2024, Lectra reported revenue of €526,7 million, equivalent to 10% growth over fiscal 2023, with EBITDA of €91.1 million, up 15%.
