Garment makers foray into retail

Garment makers foray into retail
Financial Express, India

MUMBAI, FEB 22: To cash in on the retail and the realty boom in India, global and domestic garment manufacturers are foraying into retail malls and township development in India, apart from collaborating with retail developers to expand their businesses.
Max Retail, a division of the Dubai-based Landmark Group, is investing Rs 300 crore in setting up 50 company-owned ‘Max’ retail stores in India, within two years. Besides this, the company plans to collaborate with Akruti Nirman and Nirmal Lifestyle to be anchor tenants within their malls where every product will be priced at and below Rs 600, according to Vasanth Kumar, ED, Max Retail. Read more about Garment makers foray into retail

Chinese textile-garment exports increase last year, but suffer slowdown since Q3

Chinese textile-garment exports increase last year, but suffer slowdown since Q3 According to China Textile Industry Association, the gross imports and exports of Chinese textile products and garments recorded 134.63 billion US dollars last year, a year-on-year increase of 17.9 percent and taking up 9.5 percent of the nation’s total foreign trade. In 2005, the […]

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Indian Amartex to set up garment JV in China

Indian Amartex to set up garment JV in China
China Knowledge Online, Singapore

Feb. 22, 2014 (China Knowledge) – Textile manufacturing and retailing firm Amartex is planning to set up a manufacturing facility in China.

Managing director Arun Grover said that the company is currently in talks with some Chinese companies to form a joint venture. He, however, did not reveal the names of the companies.

Besides the JV in China, Amartex has also announced plans to launch its IPO in May this year.
Copyright © 2014 http://www.chinaknowledge.com Read more about Indian Amartex to set up garment JV in China

Mexico Garment Trade Down 400,000 Jobs

Mexico Garment Trade Down 400,000 Jobs
Prensa Latina, Cuba

Mexico, Feb 21 (Prensa Latina) Some 400,000 Mexicans lost their jobs in the clothing industry this year, National Garment Industry Board admitted Thursday.

The situation began with the country’s current economic deceleration reflecting the crisis in the US, the organization added. Read more about Mexico Garment Trade Down 400,000 Jobs

College cancels knitwear centre

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Economy took a beating in '05

Economy took a beating in ’05 Garment sales drop 39 percent, most sectors show downtrend, remittance up Saipan Tribune  By Liberty Dones Reporter Tuesday, February 21, 2014 The Commonwealth’s economic decline in 2005 showed up virtually across the board, with the garment industry the hardest hit, as shown by a huge drop of almost 40 […]

Fiji clothing manufacturers in NZ plea

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