The following is a roundup of apparel and footwear news from the world’s local media. just-style has not checked these stories so cannot guarantee their accuracy.
Indian denim producer Arvind has swung to a first quarter profit after revenues soared 66%. It has also vowed to increase capacity by around 16m by the third quarter period. The company will spend INR3bn on expanding its yarn-dyed cotton shirting capacity, and its denim capacity will grow by 20m metres to meet growing demand from the US. BUSINESS STANDARD
Taiwan’s government has reported 68 raids on falsely labelled goods made in China but labelled as Made in Taiwan. It has seized 26,894 items, including clothes, towels, bedding, shoes, socks and bags in the crackdown, which started in May. ASIA PULSE
Indonesian shoe makers face dumping charges in Brazil, according to The World Federation of Sporting Goods Industry (WFSGI). It reportedly includes anti-dumping duty of US$13.85 per pair of shoes on imports. ASIA PULSE
Vietnam will invest in leather, textile and silk business projects in Uzbekistan. The countries agreed at a business forum to increase trade promotion activities and facilitate business co-operation, for sectors including garments and footwear. NHAN DAN
A NGN30bn textile bailout plan has been struck in Nigeria by the national body of textile workers’ union and the Manufacturers Association of Nigeria (MAN). It is part of a NGN150bn (US$1bn) bailout promised by Government for revamping the sector. ALL AFRICA
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
