#Software

2019-07-17

Lectra announces the acquisition of Retviews

The two companies share the same vision for innovation in the fashion industry

Lectra announces the signing of an agreement with the shareholders of the Belgium company Retviews to acquire 100% of capital and voting rights.

Founded in 2017, Retviews has developed an innovative technological offer that enables fashion brands to analyze real-time market data, in order to increase their sales and margins. Today, more than 30 brands use Retviews in France and Belgium.

“By uniting with Retviews, we confirm once again our ambition to help our customers to quickly enter the era of Industry 4.0. Thanks to artificial intelligence algorithms, Retviews’ offer enables brands to make the best decisions at every moment throughout the life cycle of a product, in order to optimize their collections,” says Daniel Harari, Chairman and Chief Executive Officer, Lectra. “We are delighted to welcome the talented teams of Retviews. Together, we will create synergies with Lectra’s current offer, develop their technology and market their solution to our fashion customers worldwide, thanks notably to our 32 sales and services subsidiaries covering more than 100 countries.”

“In a few months, Retviews has become the leader of automated benchmarking in fashion in France and Belgium,” states Loi?c Winckelmans, Co-founder and Chief Executive Officer, Retviews. “By joining forces with Lectra, we are convinced that we will benefit from its expertise to bring new innovations to fashion brands that will enable them to deliver products to the market that constantly meet consumers’ expectations.”

“Fashion companies are sitting on massive volumes of data that have tremendous value. They will only be able to exploit them by deploying artificial intelligence and big data,” says Lorenzo Pellizzari, Co-founder and R&D Director, Retviews. “With Lectra, we are going to enable brands to make a difference. We are looking forward to working on the development of new offers integrated with those of Lectra.”

The transaction involves the acquisition of 70% of Retviews for €8 million today. The acquisition of the remainder of capital and voting rights will take place in three times in July 2020, July 2021 and July 2022 for amounts of about 0.9 times 2020 revenues, 0.7 times 2021 revenues and 0.5 times 2022 revenues, respectively. These amounts will come from Lectra’s available cash, with no financing from the bank.

Lectra launches the Observatory of innovation and transformation in the fashion, furniture and automotive markets

As a leader in technology solutions accelerating the transition of fashion, furniture and automotive companies to Industry 4.0, Lectra announces the launch of its Observatory to mark its 50th anniversary. The Observatory will focus on innovations and changes in the fashion, furniture and automotive markets, to help these sectors stay informed and adapt to new opportunities. The Lectra Observatory’s first white paper on the advent of Industry 4.0 is already available online.

Lectra insources cutting equipment production in China

Lectra, leader in technology solutions accelerating the transition to Industry 4.0 for the fashion, automotive and furniture industries, will now directly manage the production of its cutting equipment manufactured in China, primarily dedicated to its Asian customers. The Suzhou site, located to the west of Shanghai, will thus benefit from the standards of operational excellence already implemented by Lectra at its two other plants in Bordeaux-Cestas, France, and Tolland, USA.

TextileGenesis now enables the fashion industry to trace the origin of all materials, sustainable or generic, via its platform

TextileGenesis, a Lectra Group company, announces the integration of a new Supply Chain Discovery module into its SaaS platform. The traceability solution developed by TextileGenesis has already played a pioneering role in providing the fashion ecosystem, thanks to its Fiber to Retail module, with reliable, secure and fully digitized chain of custody of sustainable materials. The new Supply Chain Discovery module completes this offering by identifying the origin of conventional materials. TextileGenesis users can now meet the traceability requirements for all the materials they use on a single platform.

Embee International Selects Coats Digital’s GSDCost Solution to Drive Accuracy, Efficiency, and Global Competitiveness

Coats Digital is pleased to announce that leading global apparel manufacturer, Embee International Industries, has implemented Coats Digital’s GSDCost solution across its operations to eliminate inaccurate costing, streamline production processes, and boost competitiveness in international markets. The move forms a key part of Embee International’s digital transformation strategy to drive greater efficiency, improve quality, and strengthen partnerships with its portfolio of top global brands.

Mayer & Cie makes circular knitting machines IoT-ready

Albstadt, Germany, May 20, 2025 – The new machine control system Control 5.0 from Mayer & Cie. is now available. It makes the company’s circular knitting machines Internet- and knitlink-ready, preparing them for the digital future of textile production. Control 5.0 is the prerequisite for accessing knitlink, Mayer & Cie.’s digital platform. The new machine control system is available as an upgrade kit for all machines built from 2001 onward. From now on, every newly delivered mechanical circular knitting machine will be equipped with Control 5.0 as standard.

Compact, powerful, cost-efficient – KARL MAYER launches its HKS 2-SE TWO

KARL MAYER is launching a new two-bar tricot machine for the elastic sector at ITMA ASIA + CITME 2025. This newcomer is called HKS 2-SE TWO, stands for double customer benefits, and offers even more advantages than the predecessor model. With this innovation, the leading textile machinery company is once again asserting its top position in the market.

VDMA members at ITMA ASIA + CITME in Singapore

With 69 exhibiting member companies, ITMA ASIA + CITME 2025 is once again marked by a strong presence of VDMA companies. Altogether 82 companies from Germany will exhibit at the show, covering about 3,500 square meters of exhibition space, topped only by China and Italy. VDMA initiated a German Pavilion with two group stands (spinning in hall 4 and finishing in hall 7) with a total of 30 exhibitors.

Marzoli unveals its new textile ecosystem at ITMA ASIA + CITME 2025 at Singapore

With the claim “Designed to Impact”, Marzoli showcases its evolution into a complete engineering company for the textile industry. By combining advanced machinery, digital intelligence, science of materials and innovative services, the company enables textile manufacturers unlock new business opportunities, and accelerate their path to innovation and differentiation.