NEW PAYMENT TERMS FOR GARMENT EXPORT
The Covid 19 has changed the dynamics of apparel industry forever. While for many years the garment exports business was either working on LC’s and...
Author : Gagan Marwah
G.V Aras from A.T.E Retires After Giving 40 years to Service
Having secured the top honour with first rank, in textile engineering at Mumbai University, I was looking for the right organisation that lets me pursue...
100% FDI in Single Brand Product Retail Trading and upto 51% FDI
To attract leading international retailers for sourcing their garment and home textiles requirements from India, the Consolidated FDI Policy Circular 2020 provides 100% FDI in...
APPARELS MADE IN TELANGANA TO BE AVAILABLE FOR EXPORTS SOON
Made in Telangana apparel will be available for export across the globe within the next six months. Youngone, a Korean manufacturer of clothing, is setting...
JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
FIRE AT TRIDENT WAREHOUSE
A major fire broke out in the cotton warehouse of Trident located in the manufacturing facilities at Budhni, Madhya Pradesh. The fire has resulted in...
WELSPUN TO BECOME CARBON NEUTRAL BY 2030
Welspun’s efforts to de-carbonize with proactive ESG practices is in line with its goal of becoming “carbon neutral” and “water positive” by 2030....
John Lewis shuts down 8 more stores
The John Lewis Partnership has announced plans to not reopen eight John Lewis stores when lockdown on non-essential retail is lifted from next month. The...
H&M Faces Backlash in Vietnam
H&M’s attempt to mend fences in China after angering consumers there with its stance against forced labour appears to have triggered another boycott next door...
A RAY OF HOPE..APPAREL RETAILERS IN THE US ON AN EXPANSION SPREE
LIST OF APPAREL RETAILERS in the US ON AN EXPANSION SPREE… Not all retailers are downsizing their physical assets in the wake of the pandemic....