Category: General

Results Of California EEEC Enforcement In Garment Industry Announced
WorkersCompensation.com (press release), Florida

Los Angeles, CA (CompNewsNetwork) – Investigators with the Economic and Employment Enforcement Coalition (EEEC) recently targeted businesses in the garment industry that were operating illegally. The businesses visited were in Los Angeles and Riverside Counties.

EEEC is a multi-agency task force designed to root out California’s underground economy. In a recent enforcement sweep of garment manufacturers, the EEEC targeted businesses that avoid labor, tax and licensing laws, safety and health regulations and carry no workers’ compensation insurance for their employees. Read more about Results Of California EEEC Enforcement In Garment Industry Announced …

Blackstone to acquire garment manufacturer in India
AltAssets

The Blackstone Group has agreed to acquire a 50.1 per cent stake in Gokaldas Exports, an India-based garment manufacturer and exporter.

In line with SEBI regulations, this transaction triggers an open offer by Blackstone to the public shareholders of Gokaldas for an additional 20 per cent of the company’s outstanding shares.

Subject to regulatory approvals, Blackstone would invest approximately $165m, including the open offer, and have representation on the board of directors. Read more about Blackstone to acquire garment manufacturer in India …

More labour unrest at garment sector feared
By Staff Reporter
Tue, 22 Aug 2014, 10:43:00
The New Nation, Bangladesh

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More unrest is in store for the garments sector, if the labourers do not accept the minimum wage for them said speakers at a roundtable in the city yesterday.

The tripartite accord among the government, labour representatives and the factory owners has not yet been implemented fully though the time for the same has already lapsed the speakers also said at the roundtable on: Progress of the Implementation of the Tripartite Agreement organised by Nari Uddug Kendro (NUK) at the BRAC Center Inn. Read more about More labour unrest at garment sector feared …

India : Birla VXL extends Digjam in readymade garment
August 22, 2014/Fibre2fashion.com, India

Leading manufacturer of fabrics for suiting, Birla VXL has planned to launch men’s readymade garment line under Digjam label, informed S K Birla, Chariman Birla VXL.

Digjam has good brand value and recognition across the country and company wants to take advantage of it.

There is also possibilities that former readymade brand Jack Barclay will be discontinued, Chairman stated. Read more about India : Birla VXL extends Digjam in readymade garment …

Vietnam’s key industrial exports to surge in 2014
People’s Daily Online, China

Vietnam’s Industry Ministry has forecast that export revenues of local industrial products, including crude oil, garment and footwear will rise 17 percent to 33.8 billion U.S. dollars in 2014, accounting for up to 76.6 percent of the country’s total export turnover in the year.The ministry also predicted that the goods, which will continue to register high growths in 2014, include footwear, electronics and computer component, handicraft, woodwork and plastics, Vietnam News Agency reported Monday. Read more about Vietnam's key industrial exports to surge in 2014 …

Bangladesh : Garment products prices to go up after pay rise
August 21, 2014
Fibre2fashion.com, India

Garment sector was recently disturbed by workers protest on pay hike and other benefits.

Therefore, Government has decided to increase pay scale of the workers and consequently, cost of production will go up.

To set off these costs, country’s garment manufacturers and buying houses have decided to increase prices of garment products by 10-20 percent and informed their foreign retailers to be ready for this hike. Read more about Bangladesh : Garment products prices to go up after pay rise …

Bernama, Malaysia -By Melati Mohd Ariff
KUALA LUMPUR, Aug 19 (Bernama) — Batik and tenun (embroidery) aficionados are expected to throng to Kompleks Kraf Kuala Lumpur at Jalan Conlay here when the Batik and Tenun Malaysia Festival is staged from tomorrow to Aug 30.
Read more about 'Paint' The World With Batik And Tenun …

Vietnam’s garment export to surge this year
People’s Daily Online, China

Fueled by the stronger export growth in the first seven months of this year, Vietnam is likely to realize its annualized target of selling overseas 7.5 billion U.S. dollars worth of garments and textiles.

Vietnam, reaping garment export turnovers of over 5.8 billion dollars last year, shipped abroad textiles and garments worth more than 4.2 billion dollars in the first seven months, a year-on-year surge of 28.6 percent, according to the Vietnam Textile and Apparel Association on Tuesday. Read more about Vietnam's garment export to surge this year …

Economic Times, India
BANGALORE: When the going gets tough, Indian textile exporters get creative. While China is facing tougher times with a rising currency and closure of many units to reduce pollution levels in Beijing, Indian exporters of textile goods are planning aggressive forays in the South East Asian market, and also African nations.
Read more about Textile exporters plan to explore new areas …

Consolidation for garment companies?
Economic Times, India

BANGALORE: This will go down as the mother of all deals in India’s garment industry. Although the size of the deal (Rs 682.1 crore, assuming the entire 20% open offer goes through) is not large, it is a watershed event, nonetheless.

The buyout of Gokaldas Exports by Blackstone comes close on the heels of the $38-million buyout of Leela Scottish Lace’s garment business by Bombay Rayon Fashions. Read more about Consolidation for garment companies? …