Vietnam gained a year-on-year increase of 24.88 per cent in textile and garment export to South Korea that was worth $1.5 billion between January and July this year, according the country’s department of customs. China and Vietnam were the two largest garment suppliers to the South Korean market, accounting for 34.46 per cent and 32.67 per cent respectively. The export value of those products to the South Korean market reached $270.7 million in July, a rise of 24.18 per cent over figures in

Shinta Indah Jaya, a leading producer of quality knitted fabrics, may target Russia and Brazil as potential growing new markets for Indonesian exports. While the growth of the apparel market is stagnating in the EU, US, and Japan, countries like China, India, Russia and Brazil are emerging as apparel retail markets, said a top official from the company. “The current global apparel market is estimated to be $1.15 trillion, which forms nearly 1.8 per cent of the world GDP. Almost 75 per cent o

Courtesy: Sun chemical Sun Chemical will increase prices across its entire portfolio of ink, coating, and consumable products in North America, effective October 1, 2018. Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials, based in the US. A combination of ongoing raw material supply disruptions, the escalation of transportation costs, and governmental initia

Nandan Denim Limited, India’s largest denim fabric manufacturer, has announced that the application for the sanction of various incentives (interest, power, VAT/GST) under Gujarat State Textile Policy, 2012, has been approved. It expects to save 65 crore on account of interest and power subsidy over a period of five years starting from December, 2016. The company is entitled for GST/VAT refund of up to 340 crore for a period of eight years starting from December, 2016. The government of Gujar

Courtesy: Pure London Pure London 2019’s Festival of Fashion will launch its new campaign ‘Redefining Disruption’ for the fashion community. With an international audience, the three-day seasonal show will help the attendees navigate global issues in the fashion industry. The event for womenswear, menswear, accessories, and young fashion will be held from February 10-12, 2019. Pure London will focus on the key points of the campaign namely; Be Bold, Be Brave, Take a Stand, Embrace the chang

India’s ministry of micro, small and medium enterprises (MSME) recently approved a proposal by the Khadi and Village Industries Commission (KVIC) to raise the wages of khadi artisans by over 36 per cent, from the earlier 5.50 per hank to 7.50 per hank and paying government subsidy related to modified market development assistance (MMDA). The benefits are effective from August 15, a news agency reported citing a KVIC statement. Under MMDA, 30 per cent of the prime cost is paid to the khad

C.L.A.S.S, a unique multi-platform hub based in Milan, Italy, specialising in integrating a new generation of eco values into fashion, home products, lifestyle brands, is set to launch its C.L.A.S.S. Education Smart Kit at Premiere Vision Paris, in booth S35. The global event for fashion professionals will be held from September 19-21, 2018, in Paris. The Education Smart Kit by C.L.A.S.S is a new, easy-to-use, educational support tool developed for universities that introduces innovative sma

Clothing expenditure reported just 0.6 per cent growth as consumers put off buying new autumn and winter wardrobes due to a warm August, according to the latest Barclaycard consumer spending data for the period from July 22 to August 18, 2018. Women’s and men’s clothing sales contracted slightly by 0.9 and 0.3 per cent respectively during the period. However, consumer spending rose 4.5 per cent year-on-year in August, maintaining the strong level seen in recent months as Brits struck a balance

The total revenue of Perry Ellis International in the first half of fiscal 2019 was $455 million, up 1.3 per cent on a Gaap basis from $449 million reported in the first six months of fiscal 2018. While in the second quarter of fiscal 2019, revenue declined 3.5 per cent to $199 million, from $207 million in the second quarter of fiscal 2018. The first half Gaap gross margin was flat at 37.3 per cent while in the second quarter, gross margin expanded 110 basis points to 38.1 per cent as compar

US secretary of agriculture Sonny Perdue recently announced details of actions the US Department of Agriculture (USDA) will take to assist farmers in response to trade damage from “unjustified” retaliation by foreign nations. President Donald Trump directed Secretary Perdue to craft a short-term relief strategy to protect agricultural producers. The US administration is meanwhile working on free, fair, and reciprocal trade deals to open more markets in the long run to help American farmers c