Adidas’ sale of Reebok a billion dollars Deal??
As Adidas’ sale of Reebok enters its operational phase, the German sportswear giant could net just one billion dollars according to some estimates. That is...
Tag : apparelindustrynews
Vietnam Topping Charts in Garment Exports, Bangladesh Slides Down
Bangladesh’s attractiveness as an apparel-sourcing destination remains potent, yet the country has faced increasing competition in recent years that could compound the challenges of the...
BANGALDESH WINS SUIT AGAINST SEARS
Amid the COVID-19 pandemic a Bangladeshi readymade garment (RMG) manufacturers — battered by the pandemic and the unethical business practices of Western clothing giants have...
TELANGANA GOVTS ASKS CENTER TO RELEASE FUNDS FOR TEXTILE SECTOR
The Telangana government asked the Centre to allocate funds in the Budget for 2021-22 for various textile projects in the State. It seeks immediate sanction...
Textile Ministry streamlines procedures for ATUFS
Extends various timelines in view of Covid-led disruptions The Textile Ministry has taken further steps to streamline procedures under the Amended Technology Upgradation Fund Scheme...
MOTHERCARE SEEING LOSSES
Mothercare has reported a loss in its financial year to date, as store closures affected its trading amid the Covid-19 pandemic. In the first 28...
TARGET OUTPACING OTHER STORES IN GROWTH
WHICH STRATEGY WORKED WELL?? Target’s fiscal third-quarter earnings easily outpaced analysts’ estimates as retailer’s curbside pickup service grew more than 500% and its home delivery...
Lululemon See Rise in Sale
Sees Good Demand for Workout Apparels, Women’s wear Lululemon reported third-quarter sales of $1.1 billion, up 22% from a year ago, beating analysts’ estimates as...
MANISH ARORA STOPS OPERATIONS
Famous fashion designer Manish Arora’s namesake fashion brand has reportedly been knocked down by bad business deals, unpaid wages, lawsuits and vendor disputes that began...
US CHINA RELATION UNLIKLEY TO IMPROVE BIDEN SAYS WILL NOT REMOVE TARIFFS
President-elect Joe Biden said he won’t immediately remove the elevated tariffs that the Trump administration imposed on China. Biden intends to first review the existing...