Next posts H1 loss but raises profit outlook on strong trading
Next brand full price sales in the first half of this year were down 33 percent on last year and total sales including markdown sales...
Month : October 2020
Fat Face Restructures as Chairman Lord Stuart Rose exits
Fat Face has announced it has completed its financial restructuring and comprehensive refinancing agreement, and that chairman Lord Stuart Rose has left the company. The...
Workers Urge Brands to Pay their Full Wages
Millions of workers in garment supply chains world-wide have not been paid their full wages during the pandemic or have lost their jobs without adequate...
Sri Balaji Chemical & Instruments Gearing for Success in the Segment
Delhi based Sri Balaji Chemical & Instruments, suppliers of Textile Testing and Inspection Instruments has set its goal to be a truly global company. An...
New Textile Park in Bareilly District
Chief Minister Yogi AdityaNath announced that a textile park will be set up in Bareilly district. “The textile industry is most employment-oriented sector after agriculture...
Skilled Manpower is a must to make India a Manufacturing hub: Shri Nitin Gadkari
Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways inaugurated Technology Centre set up at Bhiwadi in...
COMPANIES THAT FILED FOR BANKRUPCIES IN 2020
Pier 1 Imports The home goods chain Pier 1 Imports filed for Chapter 11 bankruptcy protection on Feb. 17, listing $340.6 million in liabilities. Its...
Lenzing Launches carbon-zero TENCEL™ branded fibers
The TENCEL™ brand is now going carbon neutral with a “reduce-engageoffset” approach, which helps to reduce the product’s carbon footprint, engage industry partners and offset...
The US Fashion Retail Bankruptcies
Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,...
Neiman Marcus’ Restructuring Plan Gets Approval
Neiman Marcus has received court approval for its plan to reorganize in Chapter 11. The luxury department store chain, which filed for bankruptcy in May,...