Bangladesh’s Simco Battles Swiss Giant ON Over Trademark Rights

Industry: RMG & Textile, Textile, Yarn & Spinning
Company: On, Simco Spinning & Textiles Ltd

Bangladesh’s Simco Spinning & Textiles, the first certified garment waste recycling facility in the country, is facing a trademark dispute with Swiss sportswear giant ON over similar brand names—Cyclo and Cyclon. Simco registered Cyclo in Singapore in 2014 and expanded to 20+ countries, supplying recycled yarn to global apparel manufacturers. In 2021, ON launched Cyclon, a recycling program and apparel line, and subsequently attempted to block Simco’s trademark in key markets. ON, with a $20 billion market cap, is disrupting the sportswear industry, challenging brands like Nike and Adidas. Simco’s efforts to resolve the conflict have been ignored, highlighting power imbalances between multinational corporations and smaller firms from developing nations. The dispute extends beyond just names, as both brands focus on circularity and sustainability. Simco is now defending its intellectual property rights across multiple jurisdictions, emphasizing its pioneering role in sustainable textiles and the potential market confusion caused by ON’s actions.

Source for more details:

Related News

Bangladesh To Import 8.5 Million Bales Of Cotton In MY2025-26

May 15, 2025

Bangladesh is projected to remain the world’s top cotton importer in MY2025-26, with imports reaching 8.5 million bales, ahead of Vietnam’s 8 million, according to the USDA. This surge aligns with a 10.86% year-on-year rise in Bangladesh’s RMG exports to $30.25 billion in the first 10 months of FY25.

RMG Exports Rise 10% in Key Global Markets

May 14, 2025

Bangladesh's readymade garment (RMG) exports reached $32.64 billion in the first 10 months (July-April) of FY2024-25 — a 10% increase from $29.67 billion in the same period last year, despite political instability. The European Union remained the top destination

14 Garment Exporters Await $7.6M Payment Stuck in Russia

May 10, 2025

Fourteen Bangladeshi garment exporters remain unpaid for apparel shipments worth $7.6 million to Russia over the past year due to international transaction complications triggered by US sanctions. Attempts to reroute payments through China have failed, said Mohammad Hatem, President of BKMEA, who urged the government to resolve the issue by either adjusting the dues against Rooppur Nuclear Plant payments or introducing a barter system.

RMG Exports to EU Face Rising Regional Competition

May 10, 2025

Bangladesh’s garment exports to the European Union—its largest market accounting for 79 percent of total RMG shipments—are facing intensified competition as regional rivals like China, Vietnam, Cambodia, and Pakistan shift focus from the US to the EU amid a new US tariff regime. This diversion is expected to drive down prices and margins in the EU market

One Third of RMG Factories Yet to Implement New Wage

May 7, 2025

A recent study by STITCH and BRAC University reveals that nearly 32% of readymade garment (RMG) factories in Bangladesh have not implemented the revised minimum wage of Tk 12,500–12,800, mandated since December 2023. All non-compliant factories are located outside Export Processing Zones (EPZs), while EPZ-based and larger factories showed full compliance.

India Exported $1.6 Billion Cotton Yarn In 2024

May 6, 2025

Following Bangladesh’s decision to ban yarn imports via five land ports—Benapole, Bhomra, Sonamasjid, Banglabandha, and Burimari, which previously handled 30% of India’s yarn exports—Indian producers are shifting toward waterways and sea routes.

Related News

Bangladesh To Import 8.5 Million Bales Of Cotton In MY2025-26

May 15, 2025

Bangladesh is projected to remain the world’s top cotton importer in MY2025-26, with imports reaching 8.5 million bales, ahead of Vietnam’s 8 million, according to the USDA. This surge aligns with a 10.86% year-on-year rise in Bangladesh’s RMG exports to $30.25 billion in the first 10 months of FY25.

RMG Exports Rise 10% in Key Global Markets

May 14, 2025

Bangladesh's readymade garment (RMG) exports reached $32.64 billion in the first 10 months (July-April) of FY2024-25 — a 10% increase from $29.67 billion in the same period last year, despite political instability. The European Union remained the top destination

14 Garment Exporters Await $7.6M Payment Stuck in Russia

May 10, 2025

Fourteen Bangladeshi garment exporters remain unpaid for apparel shipments worth $7.6 million to Russia over the past year due to international transaction complications triggered by US sanctions. Attempts to reroute payments through China have failed, said Mohammad Hatem, President of BKMEA, who urged the government to resolve the issue by either adjusting the dues against Rooppur Nuclear Plant payments or introducing a barter system.

RMG Exports to EU Face Rising Regional Competition

May 10, 2025

Bangladesh’s garment exports to the European Union—its largest market accounting for 79 percent of total RMG shipments—are facing intensified competition as regional rivals like China, Vietnam, Cambodia, and Pakistan shift focus from the US to the EU amid a new US tariff regime. This diversion is expected to drive down prices and margins in the EU market

One Third of RMG Factories Yet to Implement New Wage

May 7, 2025

A recent study by STITCH and BRAC University reveals that nearly 32% of readymade garment (RMG) factories in Bangladesh have not implemented the revised minimum wage of Tk 12,500–12,800, mandated since December 2023. All non-compliant factories are located outside Export Processing Zones (EPZs), while EPZ-based and larger factories showed full compliance.

India Exported $1.6 Billion Cotton Yarn In 2024

May 6, 2025

Following Bangladesh’s decision to ban yarn imports via five land ports—Benapole, Bhomra, Sonamasjid, Banglabandha, and Burimari, which previously handled 30% of India’s yarn exports—Indian producers are shifting toward waterways and sea routes.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here