Category: General

Two buyers pursue garment firm Pod
The Press, New Zealand

Listed fashion and garment firm Pod– linked to Christchurch businessman George Gould – has two potential buyers pursuing it.
A rival, LWR Manufacturing, is indicating it wants to make a takeover offer, and another group is seeking to buy one of Pod’s three business strands, Pod said yesterday.
LWR Manufacturing (LWR) is offering 50c a share, valuing the company at $22.53 million, with that price being seen as light by at least one significant shareholder in Pod. Read more about Two buyers pursue garment firm Pod …

Vietnam’s Garment Exports Likely To Hit US$400 MLN In May
Asia Pulse via Yahoo!7 News

HANOI, May 26 Asia Pulse – Vietnam’s garment exports sizzled in the early days of this month with projected sales reaching about US$15 million per day. Turnover for the entire month was likely reach $400 million, according to the Vietnam Textile and Apparel Association (ViTAS).

Total export revenue in the first five months of the year are likely to top $2 billion, up around 38 per cent from a year earlier and making the garment industry one of the fastest growing export earners in the country Read more about Vietnam's Garment Exports Likely To Hit US$400 MLN In May …

El Paseo jewelry store robbed for the second time this month
By Nathan Baca
NewsChannel 3

A jewelry store robbed this afternoon and the robbers are still on the loose. This is the second time the El Paseo Jewelry Exchange has been hit in the last month and the third jewelry store robbery on El Paseo in that time.

The El Paseo Jewelry Exchange was still closed late Monday afternoon, as investigators looked for clues. For the second time in two weeks, the store became the target of a jewelry heist. Read more about El Paseo jewelry store robbed for the second time this month …

El Paseo jewelry store robbed for the second time this month
By Nathan Baca
NewsChannel 3

A jewelry store robbed this afternoon and the robbers are still on the loose. This is the second time the El Paseo Jewelry Exchange has been hit in the last month and the third jewelry store robbery on El Paseo in that time.

The El Paseo Jewelry Exchange was still closed late Monday afternoon, as investigators looked for clues. For the second time in two weeks, the store became the target of a jewelry heist. Read more about El Paseo jewelry store robbed for the second time this month …

AV Birla group to set up new garment export co
Economic Times, India

BANGALORE: The swelling apparel exports in the post-quota world have hooked AV Birla (AVB) Group now. It has decided to set up a standalone export manufacturing company by hiving off the existing operations of the domestic branded major Madura Garments (MG).

The new 100% subsidiary, Madura Garments Exports (MGEL), will invest about Rs 120 crore in the ongoing financial year and expects a turnover of Rs 200 crore by the end of the same. AVB has projected MGEL to turn up with a topline of Rs 500/600 crore by the year ’10/11, Vikram Rao, executive director of Madura Garments, told ET Read more about AV Birla group to set up new garment export co …

Saipan : Garment maker Handsome Inc’s operations grounded
May 29, 2014/Fibre2fashion.com, India

Saipan garment industry is struggling to survive as the demand for apparel has dropped significantly, after the expiry of the textile quotas implemented by the World Trade Organization.

Handsome (Saipan) Inc became the tenth garment company to completely cease production due to paucity of orders.

Company plans to permanently close down its garment manufacturing unit in Tanapag by July 9, 2014. Read more about Saipan : Garment maker Handsome Inc's operations grounded …

Textile/garment: Higher quality and well-known brands VietNamNet Bridge, Vietnam VietNamNet – When the WTO forces open quotas – the biggest barrier to Vietnam’s textile and garment products will be abolished. However, the government’s supportive policies toward textile and garment production will also disappear. According to the Industry Deputy Minister Bui Xuan Khu, after Vietnam joins […]

Tavola, Downer to discuss garment trade
Fiji Times, Fiji

THE garment trade agreement with Australia will be one of the main points of discussions between Foreign Affairs Minister Kaliopate Tavola and Australian Foreign Affairs Minister Alexander Downer during a meeting in Canberra soon.

Foreign Affairs chief executive Isikeli Mataitoga was reacting to comments made by the Fiji Garment, Clothing and Textile Association president Ramesh Solanki for the Government to act promptly on lapses in a trade agreement with Australia to save jobs here. Read more about Tavola, Downer to discuss garment trade …

Living in Peru, Peru
Peru has the lowest labor cost of the textile industry in Latin America, being listed among the 15 lowest-cost countries in the world, according to Werner International Management Consultant study, stated today Scotiabank.
Read more about Peru has Latin America's lowest textile industry labor costs …

Dotts: It’s the end for all CNMI garment factories
Saipan Tribune, Micronesia

By Ferdie de la Torre
Reporter
Once the new minimum wage reaches $4.05 next year, there will be no more garment factories on Saipan, according to a lawyer representing many garment manufacturers on the island.

Attorney Michael Dotts, in an interview with Saipan Tribune, said he believes that with the passage of the new minimum wage rate, most of the factories still on the island have only one year to go. Read more about Dotts: It's the end for all CNMI garment factories …