PRIMARK HINTS AT BIG LOSSES DUE TO EXTENDED LOCKDOWN
LOSSES TO REACH £1.05 BILLION Primark parent company AB Foods has warned of a hit from lost retail sales of more than £1 billion if...
Tag : business
Sainsbury Sees Strong Christmas sales
Sainsbury’s has witnessed a “strong Christmas” after an increase in like-for-like sales with more customers than ever placing online orders for the festive season. Sales...
VF Corp to Restructure operations in Asia-Pacific
Following its acquisition of Supreme, VF Corporation, the Denver, Colorado-based owner of brands including Vans, The North Face and Timberland, is reorganizing its operations in...
Himatsingka Seide inks licensing agreement with Walt Disney for European region
Textile major Himatsingka Seide has entered into a licensing agreement with The Walt Disney Company for the European region to expand its global brand portfolio...
Kishore Biyani sees Fast Action Future’s $3.4 billion deal
India’s Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring...
MoT HIGHLIGHTS ACHIEVEMENTS OF 2020 IN A REPORT
Indian textiles ministry of the Indian government has recently released Year End Review for the year 2020. With development of a new industry valuing ₹7000...
Vandewiele to Acquire Savio Group
Vandewiele has reached an agreement for the acquisition of 100% of Savio Group, that has several textile machine companies under its umbrella. Charles Beauduin, CEO...
HUNT FOR NEW JCP CEO BEGINS
J.C. Penney is searching for a new CEO after its new owners Simon Property Group and Brookfield Asset Management Inc. decided to replace Jill Soltau....
New Markets, Currency Fluctuation & Raw Material Prices Deflating Growth for Home Textiles
Insights on the current situation on home textile industry by Sandhya Samuel he Indian textile sector like any other sector has been severely affected due...
HOME TEXTILE EXPORTS A SAVIOUR
Higher in-home consumption due to increased stay-at-home period and a sharper focus on health and hygiene amid the pandemic are helping Indian home textile exporters....