AFX News Limited :European, US buyers urge quick solution to Bangladesh garmen

AFX News Limited
European, US buyers urge quick solution to Bangladesh garmen
Forbes

DHAKA (XFN-ASIA) – European and US retailers have written to the Bangladesh government urging it to find a speedy solution to unrest in the garment sector following violent riots by workers, the English-language New Age reported.

Rioting workers demanding higher wages last month torched 16 factories and ransacked hundreds of others. At least two people were killed and scores injured after security officers shot at workers. Read more about AFX News Limited :European, US buyers urge quick solution to Bangladesh garmen

Bangladesh labour unrest worries foreign garment buyers

Bangladesh labour unrest worries foreign garment buyers
DailyIndia.com, NY

Dhaka, June 21 (IANS) Foreign garment buyers, particularly those from the European Union, have expressed serious concern about continuing labour unrest in Bangladesh’s textile and readymade garment industry.

Major foreign buyers have warned Bangladesh of the adverse consequences of the recent spate of violent protests in its vital apparel sector because of non-compliance of labour standards, disruption of production and delayed shipment. Read more about Bangladesh labour unrest worries foreign garment buyers

Garment workers lobbyist Dubrow dies

Garment workers lobbyist Dubrow dies Ottawa Recorder, Canada Staff and agencies 21 June, 2014 47 minutes ago WASHINGTON – Evelyn Dubrow, an advocate for labor rights and women‘s rights for more than half a century, died Tuesday night. She was 95. Dubrow started working on Capitol Hill in the mid-1950s. Over the course of nine […]

Vietnam to equitize top garment maker Vinatex

Vietnam to equitize top garment maker Vinatex
Thanh Nien Daily, Vietnam

Deputy Prime Minister Nguyen Sinh Hung said in a directive on Thursday the group would hire a consultant to conduct its equitization process.

Hung also approved a plan to issue convertible bonds.

The directive did not give details of Vinatex’s bond issue, but company chairman Le Quoc An has said the group needs to raise at least VND10 trillion ($620 million) to expand. Read more about Vietnam to equitize top garment maker Vinatex

MALAYSIA: Garment retailer planning overseas expansion

MALAYSIA: Garment retailer planning overseas expansion
BharatTextile.com (subscription), India

KUALA LUMPUR: Garment retailer will be taking its operations overseas as it plans to acquire local retail companies that are already set in the foreign market.

The company is in talks with various parties. The company has a 600-member retail network and is expecting a double digit growth this year.

If the company concludes a merger or acquisition of a company then our growth will have no bounds, Chief executive officer Tho Tuck Woh said afer an extraordinary general meeting (EGM) on Wednesday. Read more about MALAYSIA: Garment retailer planning overseas expansion

INDIA: SKNL plans Rs 10 cr garment unit

INDIA: SKNL plans Rs 10 cr garment unit
BharatTextile.com (subscription), India

BANGALORE: A Rs 10 crore garment manufacturing facility in the city has been planned to be setup by S Kumars Nationwide Ltd (SKNL), source said here on June 19.

Sources also clarified that the unit will be exclusively for export and will be ready by the end of 2014-2014. Read more about INDIA: SKNL plans Rs 10 cr garment unit

India : Panchkula caters low priced variety garment sourcing

India : Panchkula caters low priced variety garment sourcing
June 20, 2014/Fibre2fashion.com, India

Panchkula city has become a hot favorite for garment shoppers since 1996, due to a new trend among manufacturers who directly sell to consumers.

This new policy has given a fillip, especially to the textile industry, with more and more manufacturers selling directly to the end consumer.

Amartex Industries Ltd brought in this innovative marketing strategy, which still rules the market that has grown in to 32 outlets spread all over the Northern region. Read more about India : Panchkula caters low priced variety garment sourcing