The European Union (EU) has initiated the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. EBA preferences can be removed if beneficiary countries fail to respect core human rights and labour rights under the United Nations conventions. Member states gave their approval to the European Commission (EC) proposal to launch the withdrawal procedure at the end of January 2019, according to an E

Aust-Bangla Accessories Ltd, a renowned manufacturer of poly bags and gum-tape, will be investing $12.15 million in Bangladesh’s garment sector. It is among the twelve international companies that would together invest around $5.78 billion through foreign direct investment (FDI) in Bangladesh’s special economic zones (SEZs), generating 13,000 new jobs. All the 12 companies have signed agreements with Bangladesh Economic Zones Authority (BEZA) for land acquisition, according to Bangladeshi med

Courtesy: Levi Strauss & CoIn the fourth quarter of fiscal 2018, net revenue of Levi Strauss & Co went up 9 per cent on a reported basis and 11 per cent on a constant currency basis, which excludes $32 million in unfavourable currency translation effect. Full year net revenue of the company grew 14 per cent on a reported basis and 13 per cent on a constant currency basis. Net revenues related to the company's direct-to-consumer business grew 13 per cent for the fourth quarter and 18 p

Courtesy: HammersonMarks & Spencer is opening a new anchor store for Ravenhead Retail Park, St Helens. The full-line store will offer popular M&S ranges including the spring/summer 2019 must-haves across clothing and home, a foodhall stocking essentials and food ranges such as the new Plant Kitchen range, and a 64-seat M&S Café serving a selection of hot and cold drinks. Customers can also enjoy services including Click and Collect. This new signing means that Marks & Spencer

Courtesy: Goat GroupFoot Locker, Inc will be making a $100 million investment through its subsidiary in 1661, Inc also known as Goat, a managed marketplace for authentic sneakers operating the Goat and Flight Club brands (Goat Group). Over time, Foot Locker and Goat Group will combine efforts across digital and physical retail platforms to create exclusive customer experiences. The power of Foot Locker’s global footprint and Goat Group’s digital capabilities will enable the two companies to p

Mara Hoffman has bagged the Repreve Champions of Sustainability Leading the Change Award at the recently held New York Fashion Week (NYFW) reception hosted by Unifi, leading innovators in manufacturing synthetic and recycled performance fibres. The award recognises Mara Hoffman’s commitment to reducing environmental impact through conscious fashion. The brand is recognised as a sustainability advocate and for its part in helping Unifi recycle 14 billion bottles, by using Repreve. Many of Mar

Courtesy: Skechers USAAt Skechers, fourth quarter sales for 2018 increased 11.4 per cent due to 18.4 per cent lift in the company’s international wholesale business, 7.5 per cent rise in its company-owned global retail business and 4.8 per cent growth in its domestic wholesale business. The international business improved 17.9 per cent and its domestic business up 4.1 per cent. For the fourth quarter of fiscal 2018, company’s international business climbed 17.9 per cent and its domestic busin

The Embassy of Sweden in the Philippines recently launched a three-month-long exhibition to highlight the former’s active role in promoting environmental sustainability in fashion, an industry known for its polluting traits. The exhibition is curated and produced by the Swedish Institute with the help of researchers and sustainable fashion experts. Swedish Ambassador to the Philippines Harald Fries launched the exhibition on January 30 at the Metropolitan Museum of Manila. The ‘Fashion R

Courtesy: HomTexHomTex, the Alabama based global textile, apparel and home goods leader, has taken over Southern Proper, one of the leading heritage clothing brands. The move will create a lifestyle brand engine for producing unique consumer goods across the home and apparel markets both domestically and abroad. The two plan to launch several product expansions in 2019. By tying together the innovative and exceptional quality that the HomTex family of brands is known for, along with the trie

South Korea’s YoungNam Spinning Co is eager to start a project in the Tashkent region with Uzbek firm Istiklol Design to manufacture shirts, fabrics and other finished products, with an annual capacity of 1.8 million square meters of blended fabric. This was conveyed during a recent visit of a YoungNam delegation organised by the Uztextileprom Association. The visit’s purpose was to familiarize with the investment potential of the country and to conduct preliminary economic and marketing res