DONEAR GROUP ACQUIRES MAYUR BRAND
DONEAR Group has announced the acquisition of MAYUR Fabrics and PV Suiting Global distribution network from RSWM. This move will solidify DONEAR Group’s comprehensive product...
Category : Trade
AMERICAN EAGLE ACQUIRES LOGISTICS COMPANY AIRTERRA
American Eagle Outfitters recently acquired logistics startup AirTerra, a startup cofounded by a former e-commerce logistics authority at Walmart and Nordstrom. AirTerra combines packages from...
Nike named world’s most valuable apparel brand
Nike takes top spot in list of world’s most valuable apparel brandsfor the seventh consecutive year in a list of the world’s most valuable apparel...
Reebok Sold for £1.8bn to Authentic Brands
Authentic Brands Group will acquire Reebok from Adidas for a total consideration of up to £1.78bn. Adidas will share the majority of the cash proceeds...
BRACE FOR HIGHER PRICES OR EMPTY SHELVES IN XMAS EXPECTS RETAILERS
Rising prices of shipping containers is going to impact the prices of goods. Retailers have also warned of further disruption and delays for goods this...
Asics’s income increased “significantly” to €70.5m
Asics has reported a consolidated net revenue increase of 44% cent year-on-year across all distribution channels for the year-to-date period ending June. The sportswear brand...
35% Factories in Vietnam Closed
Around 30-35% of textile and garment factories in Vietnam have closed due to the COVID-19 pandemic, according to the Vietnam Textile and Apparel Association (VITAS)....
Frasers Group may take a hit in excess of £100 million due to the Covid-19 lockdown
Frasers Group has said it could take a hit in excess of £100 million due to the Covid-19 lockdown on non-essential retailers lasting until April...
ADIDAS RAISES FULL-YEAR FORECAST, SEES 55% GROWTH
Germany-based sports brand Adidas has recorded positive second-quarter results driven by increase in all its market segments except Greater China. The company reported a 55%...
Centre Takes Series of Measures for Technology Upgradation and Modernisation in Textile Industry
With a view to catalyse technology up-gradation and modernisation in textile industry in the country to make it globally competitive, Ministry of Textiles is implementing...