US news and archive

US blocks imports of cotton and textiles from Xinjiang

US Customs will block certain products from Xinjiang because Washington believes they were made in the Chinese autonomous region with the help of slave labour. This is a “modern form of slavery,” said the Ministry of Homeland Security on Monday. The US Government accused China of curtailing human and civil liberties and using forced labour to...

Business

G-III Apparel acquires 19 percent stake in Karl Lagerfeld Group

German designer Karl Lagerfeld has welcomed a new investor for his eponymous fashion house, namely G-III Apparel Group. The group, who acted as Lagerfeld’s joint-venture partner for his entry into the US, has acquired a 19 percent stake in Karl Lagerfeld Group through a capital increase, reported Women’s Wear Daily (WWD). The investment will...