The decision will see 20 per cent of its workforce laid off as firm looks into finding a buyer for the underperforming unit.
Low-knowledge consumers are fuelling the trillion-dollar counterfeit market; Educate them, researchers say.
TrusTrace, Peterson Tech and Retraced join TextileGenesis in supporting the Trackit textile traceability programme.
Three lawsuits are targetting sellers on online marketplaces including Amazon, eBay, Wish, Etsy, and Temu.
The gang, including logistics bosses, warehouse owners and truck drivers, are accused of smuggling $200m in illegal goods.
The measures would strengthen oversight of 'de minimis' shipments, known to be a route for fake goods entering the US.