11 September 2024
11 September 2024
As reports suggest Asos rejected a joint £215.5m ($281.7m) offer for the Topshop brand from Singapore-headquartered Shein and Authentic Brands Group (ABG) in favour of a lower bid from investor group Heartland, Just Style hears how the choice "fits Asos' strategy".
As labour costs rise in traditional manufacturing centres, apparel brands are exploring alternative production locations as part of their diversification efforts., writes Gherzi Organisation partner Robert P. Antoshak.
The latest report by GlobalData forecasts France's apparel market to rebound by 2.3% in 2024 after declining by 2.2% to €50.4bn ($55.55bn) primarily due to inflationary pressures affecting consumers' purchasing power.
Global nonprofit alliance Cascale and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have signed a Memorandum of Understanding (MoU) aimed at advancing sustainability and promoting environmental and socially responsible practices within the apparel sector.
Inditex is investing to scale its capabilities and generate efficiencies over 2024 after reporting a 10% surge in net profits during the first half (H1).
Galy Co, a climate tech co pioneering the development of a "first-of-its-kind" sustainable agriculture product has closed an oversubscribed $33 million Series B financing aimed at advancing its lab-grown cotton product to pre-industrial scale.
US consumers of Boohoo will now receive all their orders from a UK distribution centre, after plans were announced to cease supplies from its US distribution centre in Pennsylvania.
A coalition of US lawmakers is urging the US Department of Agriculture (USDA) to back the production and processing of plant-based fibre crops, such as cotton, hemp, and flax, and animal-based fibres such as wool, alpaca, and leather which they say are eco-friendly and can help the US apparel and textile industries’ nearshoring objectives.
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