HANDBAG maker Coach Inc said it would buy Kate Spade & Co for US$2.4 billion as it looks to tap the popularity of its smaller rival’s quirky satchels and totes among millennials. The US$18.50 per share offer in cash represents a premium of 9 percent to Kate Spade’s Friday close. Kate Spade said in February that it was exploring strategic options, after hedge fund Caerus Investors urged the company to sell itself citing the management’s inability to achieve profit margins comparable to

The textile industry has urged the government to continue the sales tax zero-rating facility to five export-oriented sectors in the upcoming federal budget 2017-18, besides speeding up the disbursement of drawbacks under the PM export package. The major textile bodies including All Pakistan Textile Mills Association and Pakistan Hosiery Manufacturers Association have said that any move to withdraw zero rating regime for the five exporting sectors would tantamount to devastating impact on the

Organized by Globaltextiles.com, the 19th Purchase Meeting, whichis a traditional supporting activity of China Keqiao International Textiles, Fabrics & Accessories Exhibiion, was held successfully on 7th May, 2017. About 100 buyers from home and abroad attend this meeting withdemands of apparal fabric, home textiles, curtain fabric, fuction fabric and others. According to buyers requirements, Globaltextiles matched quality suppliers from the website members and local market for them, and

China's exports in yuan-denominated terms rose 14.3 percent year on year in April while imports increased 18.6 percent, leaving a trade surplus of 262.3 billion yuan ($38 billion), customs data showed Monday. Foreign trade volume reached 2.22 trillion yuan in April, up 16.2 percent year on year. Source: China Daily.

Amidst increasing world population and demand for clothes, and risk of decreasing cotton production as more and more land becomes occupied for food production, cellulose, produced from pine and fir, has the potential to emerge as a future environment-friendly textile fibre, according to a study carried out at the Karlstad University in Sweden. The study of cellulose production has been presented in a doctoral thesis at the university. The aim of the project was to contribute to the understand

The area under cotton globally is likely to expand by 5 per cent in 2017-18 season to 30.8 million hectares, as high cotton prices that prevailed in 2016-17 would encourage farmers to sow more cotton. However, world cotton mill use is expected to surpass world production, the International Cotton Advisory Committee (ICAC) has said in its latest report. In India, cotton area is forecast to increase by 7 per cent to 11.3 million hectares in 2017-18 as farmers are encouraged by better returns du

Vietnam has achieved from its garment and textile exports USD 6.84 billion in the first quarter of this year, 11.2 percent more than in the same period last year, according to the Vietnam Textile and Apparel Association (VITAS). First quarter figures appear to support this expectation of touching its export earnings target of over USD 30 billion set, seven percent growth over 2016. VITAS has urged enterprises to optimise the capacity of their equipment to reduce production costs and seek orde

Pakistan witnessed growth in towel exports by 15.78 percent during month of March, 2017 as compared the exports of the corresponding month of the last year. However, during first three quarters of current financial year exports of the towel from the country decreased by 3.18 percent as was recorded at 132,723 metric tons. According the data of Pakistan Bureau of Statistics, about 15,325 metric tons of towels worth US$ 70.354 million exported in month of March. During the period from July-Marc

Demand for US cotton was revised upwards in April relative to March, thanks to stronger-than-expected exports. Predicted cotton exports from August to July 2016/17 were revised upwards by the United States Department of Agriculture to 14 million 480lb bales from 13.2 million 480lb bales estimated in March. Demand from the domestic market remained at 3.34 million 480lb bales. Most recent estimates suggest the supply of cotton in the US will be 21.04 million 480lb bales – 81.9% of total supply

A man works at a small fabric factory at Kanglecun, one of the urban villages in Guangzhou on February 29, 2016 in Guangzhou, Guangdong province.[Photo/VCG] Of the 31 provinces, municipalities and autonomous regions that have released their GDP for the first quarter, a total of 22 saw their GDP exceed the national average growth rate of 6.9 percent, Beijing Youth Daily reported. Four regions witnessed their GDP top more than one trillion yuan ($145.14 billion) in the first quarter. East Ch