Splash partners with Natur-Tec for sustainable packaging

2018/10 18 12:10

Courtesy: Splash Splash, a brand owned by the Landmark Group, has partnered with Natur-Tec, a business unit of Northern Technologies, to pioneer a new sustainable biopolymer-based packaging solution in the Middle East and South Asian region. The brand’s 80 million polybags a year have been replaced with bioplastics – a bio-based alternative to conventional plastics. […]

Stakeholders review report on road map for Indian economy

2018/10 18 12:10

The report prepared by the working group tasked to develop a road map for achieving a 5-trillion-dollar Indian economy by 2025 is being circulated among stakeholders for further suggestions. The Department of Industrial Policy and Promotion (DIPP) in the ministry of commerce and industry formed the group with participants from the government and the industry. […]

IKEA celebrates groundbreaking ceremony of Bengaluru store

2018/10 18 12:10

Courtesy: Ikea Swedish furniture and home furnishings retailer IKEA on October 11 celebrated the groundbreaking ceremony of its third India store in Bengaluru. The 500,000 sq. ft. store, scheduled to open in mid 2020 is connected to the Nagasandra metro station and will have parking space for 2,000 and a 1000-seater restaurant serving Swedish and […]

Eurojersey unveils Sensitive Fabrics swimwear 2020

2018/10 18 12:10

Courtesy: Eurojersey Eurojersey, the leading manufacturer of warp-knit Sensitive Fabrics headquartered in Italy, has launched a new swimwear collection for 2020, designed to let thoughts flow free and unfetter the imagination. The Spring Summer 2020 season is characterised by original and creative themes, ideal for adding verve to a contemporary concept of femininity. High performing […]

Synchrony, JCPenney continue strategic partnership

2018/10 18 12:10

Courtesy: JC Penney Synchrony and JCPenney have extended their collaboration bringing together data analytics and consumer financial services expertise to continue offer JCPenney customers financing options and personalised customer experiences. The two have partnered for nearly two decades to offer a private label credit card programme and a JCPenney Mastercard Dual Card. Working together, the […]

ATS Miami receives $2 million for expansion

2018/10 18 12:10

Courtesy: ATS Miami Following the enormous success of its inaugural show this past spring, the Apparel Textile Sourcing (ATS)has announced its return to Miami in 2019, double in size and bringing thousands of domestic as well as international visitors. The three-day exhibition beginning May 20, 2019, has a $2 million investment infusion to support its […]

Kit and Ace gets increased sales, reports profits

2018/10 18 12:10

Courtesy: PR Newswire/CNW Group/Kit and Ace Kit and Ace, designer of technical apparel for modern commuters, has gained momentum in sales and reported profits since being founded in 2014. The company credits the positive results to its vision of solving the needs of the modern commuter and strong demand for its Navigator Collection, a technical […]

Egypt’s long-staple cotton faces threat of going unsold

2018/10 18 12:10

There is a threat of Egyptian cotton going unsold despite 2 million metric quintals of high quality crops. Based on traders’ optimism, the country planted 336,000 feddans of long-staple cotton this year—up from 220,000 feddans in 2017—but agricultural firms have refused to clinch deals with the government and farmers due to a hike in interest […]

Global lingerie market expected to reach $55 bn by 2024

2018/10 18 12:10

The global lingerie market in 2015 was worth $33 billion and is expected to grow to $55 billion by 2024, said a top official from Bodyline quoting Transparency Market Research. He also said that the demand for lingerie is increasing every year. Bodyline is an apparel manufacturer engaged in product design, development, execution and marketing […]

Fast Retailing operating profit soars 33.9% in FY18

2018/10 18 12:10

Courtesy: Fast Retailing Fast Retailing has achieved a record performance in the twelve months to August 2018 with operating profit climbing at 33.9 per cent year-on-year to ¥236.2 billion. The company saw significant profit contributions from Uniqlo International and Uniqlo Japan. For the reported period, the company recorded revenue of 2.1300 trillion, up by 14.4 […]