Fashion retail brand H&M posts 5% surge in FY2018 revenue
Sweden-based fashion retail mammoth H&M (Hennes & Mauritz) has announced its fourth quarter and full year 2018 results. The brand’s full year revenue increased by...
Category : News
Textile machinery manufacturer Picanol to exhibit at Techtextil 2019
Headquartered at Belgium, textile machinery manufacturer Picanol is all pumped up to exhibit its latest textile machinery at Techtextil 2019. The international exhibition for technical...
Indian textile company GHCL registers 18% growth in revenue
GHCL, an Indian textile company, has released the financial report for the third quarter. For the reporting quarter, the revenue of the textile manufacturer remained...
Thread manufacturer Coats sells its North America Crafts business
Coats, the world’s leading industrial thread manufacturer, has sold its North America Crafts business to Spinrite, a provider of craft knitting yarns. Approximately 560 North...
Tech company Karl Mayer launches new mechanism for e-textiles production
Germany-based Karl Mayer, which offers solutions for warp knitting, warp preparation for weaving and technical textiles, has introduced ‘textile-circuit’ for the production of highly advanced...
5,000 garment workers DISMISSED in Bangladesh
As many as 5,000 garment workers have been fired by factory owners in Bangladesh. the workers have been expelled for joining strikes over minimum wage...
That’s Huge! Cambodia garment export jumps whopping 24%
One of the most competitive markets in garment exports, Cambodia has once again witnessed a massive surge in garment and footwear exports. According to a...
Textile company Century Textiles’ Q3 net profit reach Rs. 88 Cr
India-based Century Textiles and Industries, involved in the manufacturing of cotton textiles, yarn, denim, viscose filament rayon yarn, has witnessed a standalone net profit of...
Retail in 2019: USA to lose its No. 1 retail spot to China
According to eMarketer’s latest worldwide retail and e-commerce forecast, China is set to become the Number 1 retail market in 2019, surpassing the United States...
Sri Lanka eyes US $ 8 BN in garment exports
After surpassing US $ 5 billion in export earnings in 2018, Sri Lanka’s apparel sector targets US $ 8 billion by 2025. Apparel export in...