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...
Tag : covid19
Uniqlo appoints green Doraemon as Global Sustainability Ambassador
Global apparel retailer Uniqlo announced that it has appointed Doraemon as its Global Sustainability Ambassador. The name of the green model of the internationally beloved...
COST OF PRODUCTION SURGES WITH INCREASING RAW MATERIAL COST
While on one hand the garment exporters are in jeopardy because of fresh lockdown in the UK, Europe and Australia on the other they are...
GARMENT TECHNOLOGY EXPO DELHI POSTPONED TO JANUARY 2022
Due to increasing number of cases of Covid 19 Garment Technology Expo which was scheduled in May at NSIC, Okhla New Delhi, has been postponed...
French Connection To Begin Sale Process
French Connection launches formal sale process. The group is in initial discussion with another three parties – which have not been named – regarding a...
WEST BENGAL TO SEE DOUBLE DIGIT GROWTH IN TEXTILES
West Bengal has set a target to double the state's textile industry to Rs.70,000 cr over a period of three to five years. The state...
The new Normal for Apparel Industry…..
The Covid 19 Pandemic has changed the apparel and retail dynamics all over the world. This clearly means that the supply chains starting from the...
Covid -19 Vaccine Arrives…..Will business be back on track?
Will it Change the game? What lies ahead? Buyers Share their response on 2021…. 2021 has arrived.. Now that the New Year and vaccine has...
Lectra enters into a Memorandum of Understanding to acquire Gerber Technology
Lectra plans to acquire the entire capital and voting rights of US-based Gerber Technology. A key Industry 4.0 player in the fashion, automotive and furniture...
Debenhams To Close Six Stores Permanently
12,000 jobs at risk Debenhams said six stores will not reopen. Debenhams’ liquidation in December will put 12,000 jobs at risk. The flagship store on...