After safety inspections and worker training, the safety campaign for the Bangladeshi garment industry just got another much needed boost: the International Finance Corporation (IFC) will support local banks by providing 50 million US dollars in financing and will form partnerships with leading international […]

REPORT For 13 weeks to June 27, 2015, general merchandise gross margin showed an improvement at Marks and Spencer (M&S). The company said that it is on track to deliver full year gross margin guidance of 150 to 200 bps driven by ongoing sourcing initiatives. Sales during the period were marginally up […]

The outcome of a recent meeting between the Japan International Cooperation Agency (JICA) and the Pakistani textile ministry was the “Skill Development and Market Diversification” (PSDMD) project for the Pakistani garment industry. As the title suggests, the approach will be twofold: JICA experts will […]

Future Group has sold over half of its remaining stake in Pantaloon Fashion & Retail through a secondary market transaction for Rs 134 crores. The stake was acquired by Franklin Templeton MF A/C Franklin India High G Co FD and India Prima Fund. Three years ago Future Group hived off its apparel retail […]

Future Group has sold over half of its remaining stake in Pantaloon Fashion & Retail Ltd through a secondary market transaction earlier this months for circa 21 million dollars. The shares were acquired by a couple of mutual funds. Two funds managed by mutual fund house Franklin Templeton acquired 8.49 […]

The list of innovative materials that can be turned into fibres, yarns and thus clothing has just been extended by one: gelatin. Associated first by many with colourful gummi bears, gelatin can indeed be turned into yarn and thus clothes. If used on a large scale, it could reduce the amount of agricultural […]

Seeing good days ahead, Arvind hopes to clock in 10-12 percent growth in textile business in FY16. This expectation is driven by growth in denim with 4 percent growth, woven with 10 percent and garments with 35 percent rise. The management of Arvind is expecting to double revenues and margins in the […]

Multi-brand retailer Nykaa.com aims to woo funds worth Rs 50 crores from existing and new investors. Founded two years ago by former MD of Kotak Mahindra Capital Investment Banking, Falguni Nayar, the holding company, FSN E-Commerce Ventures has already bagged a funding boost of Rs 20 crores from Indian […]

Two US professors put the blame on retailers for cut-throat prices and stiff competition among garment manufacturers, showing how drastically apparel prices have fallen in the US in the last few years and how retailers are taking the major share of the profit. “The retailers can squeeze the prices as […]

Karnataka's Commercial Taxes department has put across two conditions to the Indian arm of the Seattle-headquartered Amazon as an alternative to being registered as a dealer. Amazon India must disclose details of transactions carried out on its website and it must take primary liability if a merchant […]

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