Morro Capital, a Miami-based leader in menswear, has taken over the popular athletic apparel brand Jocko. The company will join Morro Capital’s growing portfolio of top apparel brands which include Agacio, Cover Male, Daniel Alexander, Pistol Pete, Edipous, Good Devil, Daddy Underwear, Intymen, Kyle, Honcho Underwear, Mensuas, Miami Jock, Otzi and Skiviez. Originally founded and operated in Los Angeles, California by Michael Lee, Jocko has established itself over the past 25 years as a go-

While welcoming the progress made on tariffs and the proposed Free Trade Area to eliminate the need for most border controls and delays as mentioned in the Brexit White Paper released recently, the British Retail Consortium (BRC) has demanded further clarity on what a phased system would look like in practice and on how a backstop arrangement would work. "The British Retail Consortium has made it clear that a frictionless customs system is vital for retail businesses so it is encouraging t

The revenue from continuing operations in VF Corporation has grown 23 per cent (up 21 per cent in constant dollars) to $2.8 billion in Q1 of fiscal 2019. Excluding the revenue from acquisitions, revenue grew 12 per cent (up 10 percent in constant dollars), driven by strength across VF’s global and direct-to-consumer platforms, active and work segments. For the reported period, gross margin from continuing operations increased 70 to 50.3 per cent. While on adjusted basis, gross margin increase

The International Sourcing Expo Australia will host nearly 700 textile, apparel and footwear manufacturers and agents from 16 countries from November 20. The trade-only show will offer fashion buyers and designers the full spectrum of product and service offerings from off-the-shelf clothing through to made-to-order pieces, fabric and functional textiles. This year’s show will feature a wider range of clothing and footwear than previously seen in Melbourne, organiser Marie Kinsella said. The

Avery Dennison, a leader in pressure-sensitive, functional materials, branding, weaving, and labelling solutions for the apparel market, has registered 14 per cent increase in its sales to $1.85 billion in the second quarter of fiscal 2018. The company repurchased 0.5 million shares in the second quarter at an aggregate cost of $51 million. "We had another good quarter, with strong top-line growth and adjusted EPS up 27 per cent, driven primarily by strong operating results," said Mitch But

Cobalt Fashion, one of the largest knitwear groups globally, has opened a new CS Innovation Lab at its headquarters in Hong Kong. A joint venture between the Fung Group and South Ocean Knitters Holding, Cobalt combines the operations and resources of the two knitwear businesses to form one of the largest and most innovative knitwear suppliers globally. Cobalt is made up of four distinct knitwear divisions serving brands and retailers worldwide across a wide range of market segments from ma

Keeping up with its role as leader in plantation sustainability, Sime Darby Plantation Berhad has unveiled a fabric recycling initiative in collaboration with Kloth Cares, a fabric recycling organiser. The initiative is an effort by Sime Darby Plantation to play its role in helping reduce textile waste, the second largest polluter in the world after oil. Launched by Tengku Datin Paduka Setia Zatashah Sultan Sharafuddin Idris Shah, a member of the board of trustee of Selangor Youth Communit

Bangladesh’s central workers’ welfare fund for the readymade garments (RMG) sector is not receiving the expected deposits, as a number of factories, including those from the export processing zones (EPZs), refrain from contributing, according to labour ministry officials. The fund received Tk100 crore in the last two fiscals—Tk47.68 crore less than what was expected. The government started collecting 0.03 per cent of freight on board prices from the RMG factory owners on July 1, 2016 for t

The Federation of Indian Chambers of Commerce and Industry (FICCI) has welcomed the recent multi-faceted measures taken by the government to address the problems of the textile industry. The government has recently hiked import duty on several textile products, while the GST Council decided to refund input tax credit to fabrics, and reduced GST for carpets. “Increase in import duty on 76 textile items from 10 per cent to 20 per cent and GST reduction on carpets and handicraft items have given

The Indian growth story is intact with the gross domestic product (GDP) expected to grow around 7.5 per cent in this fiscal and improve further. The slowing down of the industrial output growth in May to 3.2 per cent and the inching up of the retail inflation in June to 5 per cent are short-term challenges, according to a top Indian industry federation. The challenges are being pro-actively addressed by the government and the Reserve Bank of India, and these should not be seen in any way a