Bombay Dyeing, the textile arm of the Wadia group, is set to re-enter the readymade apparel market with menswear garments. The company had earlier introduced an apparel brand called Vivaldi and had sold it to Proline. Bombay Dyeing is also planning to open close to 100 franchise stores in tier II and III cities before the end of this year. The demand for readymade apparel is huge in South India and the company is looking at test marketing its new brand in the region, said a leading busines

VF Corp, a global leader in branded lifestyle apparel, footwear and accessories, has recorded revenue of $3 billion in first quarter of 2018, including a $233 million revenue contribution from the Williamson-Dickie acquisition, up 22 per cent (17 per cent currency neutral). Excluding acquisition, revenue soared 12 per cent (up 8 per cent currency neutral). The company's gross margin improved to 50.5 per cent, as benefits from a mix-shift towards higher margin businesses and changes in forei

Garment exports from Egypt fetched $385 million (LE 6.77 billion) in the first quarter of 2018, showing an increase of 17 per cent over exports of $330 million during the same period of the previous year, an Egyptian daily reported quoting data from the Ready Made Garments Export Council. The council expects $1.8 billion exports this year. Of the total export in January-March 2018, around 48 per cent or $185 million of garments were destined to the US. This a 16 per cent jump compared to $1

Shima Seiki Italia has opened its first office in Germany. Located in the city of Haibach, 50 kilometres from Frankfurt, this is the first office directly managed by the Italian branch of Shima Seiki Mfg., Ltd. Shima Seiki is the leading developer of computerised flat knitting machines and Wholegarment knitting machines, headquartered in Wakayama, Japan. The new office, with 250 square metres of space has a machine room, a showroom, and also a room for demonstrations and courses for Apex 3.

Loepfe Brothers Ltd., developer of integral quality control systems like sensors and monitoring equipment for yarn spinning, has appointed Daniel Link as the new chief executive officer (CEO), from May 1, 2018. Maurizio Wermelinger, the current CEO, will retire, but will remain as an advisor for a limited period of time to ensure a smooth transition. Daniel Link is an experienced leader in the textile industry. He holds a Master in engineering from EPFL, Lausanne, and an MBA in general man

Jeanologia, the Spanish leader in the development of sustainable and efficient technology, will be presenting its latest collection at the Bangladesh Denim Expo, in booth 32. The collection will be based on the new production model which is technological, sustainable, and respectful of workers’ health. The expo will be held on May 9 and 10, 2018, in Dhaka. The collection will reveal the key factors showing how it is contributing to the transformation of the Bangladeshi industry, moving tow

The potential of Chattogram’s textile and garment machinery industry was highlighted by RedCarpet365 at a press conference. The forum was held on the occasion of BIGTEX, Bangladesh International Garment & Textile Machinery expo 2018, which will be held from May 10 to 12, 2018. The event will gather global textile factory owners and apparel exporters. The press conference was led by Fatematuj Johra, director marketing – Redcarpet365 Ltd, along with Ahmed Imtiaz, CEO – Redcarpet365 Ltd.

The revenue of Lenzing Group in the first quarter of fiscal 2018 decreased 6.1 per cent, from the prior-year quarter to €550.3 million. This drop is mainly attributable to less favourable currency exchange rates. The net profit for the period dropped 33.3 per cent from €75 million in the first quarter of the previous year to €50 million. Group earnings before interest, tax, depreciation and amortization (EBITDA) fell 24.8 per cent to €101.6 million mainly due to softening prices for commodi

Robust activities in certain industries including manufacturing will help the Indian economy to grow to 7.3 per cent in fiscal 2018-19, according to a recent report. It says that the negative impact of demonetisation as well as GST has subsided to a large extent. The economic growth of the country was 6.6 per cent in the financial year 2017-18. The rise in foreign direct investment (FDI) is also expected to boost the economic growth of the country, states the BMI research by Fitch group co

Bangladesh and Thailand are working towards boosting bilateral ties and the trade between the two countries is expected to touch $2 billion by 2021. Bangladesh has also requested a Thai delegation led by Kobsak Pootrakool, investment and economic reforms affairs minister, to consider a free trade agreement (FTA) to encourage bilateral trade. A meeting was held between the Thai delegation and Bangladesh representatives led by Tofail Ahmed, commerce minister of Bangladesh. Ahmed made the req