M&S TO CLOSE STORES AS LOSSES WIDENS
M&S posts £201mn loss after lockdowns affect store sales. Marks & Spencer has announced plans to reduce its store estate after it plunged to a...
Tag : business
END OF AN ERA AS Debenhams confirms closing date of final 49 stores
Debenhams has confirmed its remaining 49 stores will permanently close on either May 12 or 15. It comes after the retailer temporarily reopened its stores...
NEW PAYMENT TERMS FOR GARMENT EXPORT
The Covid 19 has changed the dynamics of apparel industry forever. While for many years the garment exports business was either working on LC’s and...
100% FDI in Single Brand Product Retail Trading and upto 51% FDI
To attract leading international retailers for sourcing their garment and home textiles requirements from India, the Consolidated FDI Policy Circular 2020 provides 100% FDI in...
JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
John Lewis shuts down 8 more stores
The John Lewis Partnership has announced plans to not reopen eight John Lewis stores when lockdown on non-essential retail is lifted from next month. The...
A RAY OF HOPE..APPAREL RETAILERS IN THE US ON AN EXPANSION SPREE
LIST OF APPAREL RETAILERS in the US ON AN EXPANSION SPREE… Not all retailers are downsizing their physical assets in the wake of the pandemic....
Pak Appeals for Lifting Ban on Imports From India
Pakistan’s textile ministry headed by Prime Minister Imran Khan has recommended the lifting of a ban on the import of cotton from India to bridge...
PICANOL GROUP ACQUIRES MINORITY STAKE IN RIETER HOLDING AG
Picanol Group has today acquired a minority stake in Rieter Holding AG amounting to a total of 467,236 shares for a price of 45.4 million...
MMF globally is a $200 billion opportunity. Can India Cash on?
The government has recently announced Production Linked Incentive (PLI) scheme for MMF segment and creation of seven mega textile parks in the country. These measures...