On Tuesday 23 April H & M Hennes & Mauritz AB held its Annual General Meeting and approved the dividend of SEK 9.50 per share in accordance with the Board of Directors’ proposal. As advanced by the Swedish retailer in a statement released on Tuesday after the meeting, the record day is 26 April 2013 and the dividend is expected to be paid out by Euroclear Sweden AB on 2 May 2013. The Annual General Meeting adopted the income statement and balance sheet for the parent company and the gr

American label Tommy Hilfiger, which is owned by PVH, has appointed Gernot Lenz to the newly-created role of chief operating officer for Europe. Lenz, who has worked at Tommy Hilfiger in Amsterdam since 2007, has held various roles at the group including business development manager, director corporate planning and vice president of group strategic planning. In April 2010 he took on the position of senior vice president of operations and business development, and became executive vice presiden

Kate Middleton has popped, as the old saying goes, and we're finally getting a good look at her growing baby bump in some super-cute maternity wear. As expected, the six-month-pregnant Duchess has some chic dressing secrets every gal should steal. Prints can be slimming: Kate's using a pro tip any woman (pregnant or not) can benefit from. Small, strategically placed prints confuse the eye, making you look smaller than you may really be. In this case, she's essentially contoured her belly

The country's apparel manufacturers, mainly dependent on imports of fabrics from Thai, Indian and Chinese, have now set their eyes to grab multi-billion-taka local market, alongside their usual exports, insiders said. Around 25 leading apparel exporters including East West Industrial Park Ltd., Bevelon Group, Millon Clothings Ltd., Beximco and Giant Group of Companies now look forward to doing business in the local market, keeping their export activities in tact. According to the market playe

According to the Quanzhou Inspection and Quarantine Bureau statistics of Fujian Province, textile and garment exports of 9382 batches, valued at USD 402million, the year-on-year growth of 64.22% and 75.41%respectively in the first two months. For the export situation, textile and garment in Quanzhou had two characteristics: for the first, the traditional US-European markets had a trend of recovery in the first two months. the garment and textile exported to the United States of 677 batches,

Export of Nepali readymade garments has observed a decline of 40 per cent. It has been observing a fall of around 40 per cent on average since the last three months, states the central bank statistics. There was an average drop of 39.8 per cent in the first six months of the current fiscal year and the trend continued in the seventh and eighth months with a fall of 40 per cent and 36.9 per cent, respectively. According to garment entrepreneurs, the government has failed to prioritise the maj

Peru to double textile and apparel exports by 2017. PHOTO: ANDINA/ Archivo. Peru plans to double its textile and apparel exports by 2017 and invest over $60m to promote its key designer brands in international markets. The goal is part of the South American country's efforts to also double total exports in the fiscal period of July 2011 to July 2016. Apart from promoting its exports abroad, the country is also looking to strike free trade deals with Australia, Brazil and Russia in the nea

They are polyester fibres with a plus. After perfumed textiles introduced in its Vimal range, Reliance Industries is looking at flame-retardant and UV-resistant yarns. Research and development (RandD) at Reliance Industries (RIL) has found new ways to make these protective fabrics, generally used in flame-retardant children’s clothing, decorative fabrics for the home textiles industry, seat covers and the hospitality sector. For a company that has been in the flame-retardant textiles busines

Exports of the textiles and clothing sector posted an increase in value of 7.06% in the first quarter of 2013, compared to the same period in 2012, amounting to 472 million dinars, while imports decreased by 2.87% for a total of 301 million dinars. The trade balance has increased by 14.6 points in March from 142.5% in March 2012 to 157% in March 2013, according to the Economic Letter of the Technical Center of Textiles (CETTEX). Major customers of Tunisia during the January-March 2013 period

Local textile millers, who meet 40 per cent of the country's apparel manufacturers' demand for fabrics, look to raise their investments further in the particular sector, sources said. They have a far greater scope for investment in fabrics manufacturing for the ready-made garment (RMG) producers, who export garments worth about $ 19 billion a year. On the other hand, China and some developing countries are switching over to hi-tech and other business from spinning and weaving, which also cre