COTTON SUPPLY DISRUPTED IN TIRUPUR
TEA INTERVENES AND ASKS MILLS TO CONTINUE SUPPLY Textile units in Tirupur have asked spinning mills to supply cotton immediately, alleging that the latter stopped...
Category : Trade
Arcadia brand Evans sold to Australia’s City Chic Collective for £23m
Evans’ stores are not included in the sale and will continue to trade for time being Arcadia’s administrators announced the sale of Evans’ brand, commerce...
DUTY DISADVANTAGE IN UK A BARRIER FOR APPAREL EXPORTERS APPEALS PM TO REMOVE IT
Apparel Export Promotion Council (AEPC) has requested Hon’ble Prime Minister Shri Narendra Modi to take up early execution of Free Trade Agreement (FTA) with the...
APPAREL SALES HIT IN NOVEMBER
Second lockdown impacts sales The latest figures from The Office for National Statistics found retail sales volumes fell 3.8 per cent in November compared to...
BRITISH FASHION CHAIN JAEGER ANNOUNCES JOB CUTS
After British fashion chains Peacocks and Jaeger fell into administration, putting 4,716 jobs at risk and joining a growing list of retailers by the COVID-19...
ARCADIA’S FLAGSHIP BRANDS TOPSHOP & TOPMAN VALUE DROPS BEFORE BUYOUT
Topshop, Miss Selfridge and Dorothy Perkins are reportedly now worth about half their £800 million value, following the parent company Arcadia’s administration. Arcadia’s retailers were...
SECOND LOCKDOWN DENTS PRIMARK WITH LOSSES OF £430 MN
PRIMARK has informed that the second lockdown has brought about £430 million losses for the retailer Associated British Foods (AB Foods) said this figure was...
Puma Private Equity invests £3.5 million in menswear retailer Ron Dorff
Puma’s private equity division Puma Private Equity has invested £3.5 million in menswear retailer Ron Dorff in an effort to support its growth strategy. Puma...
Moody’s Report Anticipates Growth for Apparel Sector
According tot he report, the apparel industry’s profit will plunge 50% to 60% in 2020, then surge 70% to 90% in 2021, primarily in the...
Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy
The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according to court...