Strong exports, consumption fuel growth in Asia: ADB

2017/12 16 15:12

Economic expansion in developing Asia will accelerate to 6 per cent in 2017 as stronger than expected exports and domestic consumption fuel growth, the Asian Development Bank (ADB) forecasts. Excluding Asia’s newly industrialised economies, growth is now expected at 6.5 per cent this year, according to a new ADB report. In a supplement to its […]

Youth Fashion Summit partners with UN Global Compact

2017/12 16 15:12

Courtesy: Youth Fashion Summit The Youth Fashion Summit has joined hands with the United Nations Global Compact. The partnership takes form as a two-year student programme, which sets out to challenge the 100 most talented students in the fashion industry to create a framework for the industry on how to reach two of the Sustainable […]

Indian govt approves special package for leather, footwear

2017/12 16 15:12

The Union Cabinet chaired by PM Narendra Modi has approved a special package for employment generation in leather andfootwear sector. The package involves implementation of Central Sector Scheme ‘Indian Footwear, Leather & Accessories Development Programme’ with an approved expenditure of Rs 2,600 crore over the three financial years beginning 2017-18. “The scheme would lead to […]

H&M, Alibaba extend collaboration

2017/12 16 15:12

Courtesy: H&M H&M has extended collaboration with Alibaba with the opening of its first store on Tmall, the world’s largest e-commerce platform, during spring 2018. The H&M group brand Monki has had a strong development in China since its launch on Tmall and the collaboration between the two groups is now being extended to include […]

L Catterton Asia announces JV of GXG and 2XU

2017/12 16 15:12

Courtesy: 2XU L Catterton Asia, the Asian unit of the largest and most global consumer-focused private equity firm in the world, L Catterton, has announced the launch of a joint venture (JV) between two of its portfolio companies – GXG, the leading Chinese menswear fashion group, and 2XU, the market leader in premium compression activewear […]

Inov-8, Manchester University add graphene to shoes

2017/12 16 15:12

Courtesy: University of Manchester British sportswear brand inov-8 has joined hands with the University of Manchester to become the first-ever company to incorporate graphene into running and fitness shoes. Tests have shown that the rubber outsoles of these shoes, new to market in 2018, are stronger, stretchy and more resistant to wear. Graphene is the […]

Sports brands to go green with Sympatex in winter 2018-19

2017/12 16 15:12

Courtesy: Sympatex A large number of sports and outdoor brands will embark on the path of sustainability with Sympatex Technologies, one of the leading suppliers of high tech functional materials, in winter 2018/19. Brands such as Chiemsee, Rossignol, Billabong, DC Shoes, Pyrenex, Tierra and Woods will focus on 100 per cent recyclable and climate-neutral Sympatex […]

15 trade associations urge nations to safeguard WTO system

2017/12 16 15:12

Fifteen trade and industry associations from across the world have urged the World Trade Organisation (WTO) member nations to safeguard the WTO system, support the least developed countries (LDCs) and fight hunger, take into account the new trade environment and adopt an ambitious work programme on issues of crucial importance for businesses. In times of […]

Tailored Brands posts $810.8 million sales in Q3 FY17

2017/12 16 15:12

Courtesy: Tailored Brands Tailored Brands, a leading US-based specialty retailer of menswear, has posted net sales of $810.8 million for the third quarter of fiscal 2017, down 4.3 per cent compared to the same quarter in previous year. Retail net sales decreased 2.1 per cent due to the impact of last year's store closures, with […]

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

2017/12 16 15:12

Strategic location, modern factory facilities and proximity to the port of Djibouti have attracted foreign textile and apparel manufacturers to the recently-inaugurated Kombolcha Industrial Park in Ethiopia and its nine sheds spread over 75 hectares are close to be fully occupied by such companies, according to the Ethiopian Investment Commission. The companies are training employees […]

Need to nurture CEBAI by Bangladesh garment sector stressed

2017/12 16 15:12

The Bangladesh apparel industry must continue to nurture the Centre of Excellence for Bangladesh Apparel Industry (CEBAI), launched in 2014 to address the skills gap in the sector, to provide the support needed to move up the value chain and gain further share in the world market, CEBAI president Mohammad Atiqul Islam recently said at […]

Jack Ma calls for easier e-commerce rules at WTO meeting

2017/12 16 15:12

Alibaba founder Jack Ma recently urged World Trade Organisation (WTO) members to adopt easier and transparent rules for e-commerce to encourage small businesses to succeed. He was addressing a session to launch an initiative, 'Enabling e-commerce', to promote policies and practices for small businesses at the 11th WTO Ministerial Conference in Buenos Aires. WTO member […]