Table of Contents
- International trade
- Markets
- Acquisitions, divestments and mergers
- Company restructuring and reorganisation
- Strategic ventures
- Investments
- Trademark infringement
- Corporate social responsibility
- Financial results
INTERNATIONAL TRADE
- Indonesia' s textile exports are forecast to rise by 2.6% in volume terms
during 2009
- Vietnam' s textile and apparel industry has been set an export target of
US$25 bn by 2020
MARKETS
- Demand for organic cotton is forecast to increase by 54% during the
2008/09 crop year
ACQUISITIONS, DIVESTMENTS AND MERGERS
- BankInvest has signed an agreement to acquire a 20% stake in Son Kim
Fashion (SKF)
- Gap has completed the acquisition of Athleta
- Li & Fung has completed the acquisition of Miles Fashion Group
- Ningxia Zhongyin Cashmere has agreed to acquire Todd & Duncan
COMPANY RESTRUCTURING AND REORGANISATION
- La Redoute plans to refocus its efforts towards Internet sales
STRATEGIC VENTURES
- Aeffe Group has signed a franchise agreement in South Korea with SE
International
- Australian Wool Innovation (AWI) and Reliance Industries are planning to
collaborate in order to develop a new fabric for men' s wear
- Cherokee has launched its Cherokee brand in Peru
- Gap has expanded its outlet business to Canada
- H&M has entered into a franchise agreement with Match Retail to open H&M
stores in Israel
- Iconix Brand Group has entered into a licensing agreement with US
sportswear firm ECI
- Marc Jacobs International and Sumitomo have entered into an agreement to
set up a joint venture distribution company in Japan
- Marks & Spencer (M&S) has opened its first store in Mainland China
- Moschino and Altana have signed a licensing agreement relating to Moschino
children' s wear
- UPM Raflatac has opened a manufacturing site in Guangzhou, China, for the
production of radio frequency identification (RFID) tags
- Wacoal Holdings is planning to open 20 retail stores in Vietnam by 2011
INVESTMENTS
- Carvico Jersey Lomellina Group has invested US$27 mn in a new knitting
plant in Vietnam
- Fingen is planning to invest Euro100 mn (US$131.6 mn) in the establishment
of a new department store in Turkey
- Future Group will focus on strengthening its apparel brands in India
during 2009-12
TRADEMARK INFRINGEMENT
- Brighton Collectibles has won a trademark infringement case against
Coldwater Creek
CORPORATE SOCIAL RESPONSIBILITY
- Garment workers in Bangladesh are on "poverty wages", claims a UK charity
FINANCIAL RESULTS
- Abercrombie & Fitch has reported a 6% decrease in total net sales for the
whole of its 2008/09 financial year
- Benetton Group has reported a 3.9% increase in net revenues for the whole
of its 2008 financial year
- Gap has reported an 8% decline in net sales for the whole of its 2008/09
financial year
- Gildan has reported a 29.6% increase in sales for the whole of its 2007/08
financial year
- H&M has posted an 18% rise in sales during the first quarter of its
2008/09 financial year
- JC Penney has reported a 6.9% decline in sales for the whole of its
2008/09 financial year
- Levi Strauss & Co has reported a slight rise in net revenues for the whole
of its 2007/08 financial year
- Marks & Spencer (M&S) has reported a 1.2% decline in total sales during
the third quarter of its 2008/09 financial year
- Perry Ellis International has reported a 1.5% drop in total revenues for
the whole of its 2008/09 financial year
- TJX Companies has reported a 4% rise in net sales for the whole of its
2008/09 financial year
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