Fashionsustain, the Neonyt conference which focusses on sustainableinnovations, will be held outside Germany twice this month, bringing together leaders in textile sector. On September 20, 2019, the event will be held during the LA Fashion Festival in Los Angeles. On September 26, 2019, it will be held with Intertextile Shanghai Apparel Fabrics.Pic: Neonyt FashionsustainAt the LA Fashion Festival (LAFF), Fashionsustain will be taking place under the motto ‘The change of fashion is now’, in close

Levi Strauss (Levi’s) has entered into an asset purchaseto acquire all operating assets related to the Levi’s and Dockers brands from The Jeans Company (TJC), Levi’s distributor in Chile, Peru, and Bolivia, for approximately $35 million, plus transaction costs. Levi’s is one of the leading brand-name apparel companies and a leader in jeanswear.The agreement includes approximately 80 Levi’s and Dockersstores, distribution with the region’s leading multi-brand retailers, and the logistical operati

Botswana’sand apparel producers reportedly seem to be giving up hope of exporting to the US under the duty-free provisions of the African Growth Opportunity Act (AGOA), preferring instead to focus on the local and regional markets. From 1.8 billion pula (P) in AGOA textile exports by local firms in 2008, the figure last year was at around P30,000.Pic: ShutterstockIn the same year, total textile exports were pegged at P233 million or 29 per cent higher than 2017 figures, implying that exports wer

To improve transmission of interest rates, the Reserve Bank of India (RBI) on August 4 asked banks to link lending rates on floating rate loans to borrowers belonging to, personal and micro, small and medium enterprises (MSME) categories to an external benchmark beginning October 1. Banks can, however, link loans to other segments of borrowers as well.Pic: ShutterstockIn a statement, RBI said the transmission of policy rate changes to the lending rate of banks under the current marginal cost of

The United Kingdom is keen to collaborate with India to develop a business climate that attracts British firms, according to British high commissioner to India Dominic Asquith. Ease of doing business factors are more important than the growth rate and considering a balance of interest in investments in each other’s nations becomes important, he said.Pic: ShutterstockOn his two-day visit to Ahmedabad recently, Asquith met Gujarat chief minister Vijay Rupani and business leaders from the state to

Owing to fierce competition between agents in the Brazilian market, the Center for Advanced Studies on Applied Economics (CEPEA)/ESALQIndex, with payment in 8 days, decreased 1.4 per cent in August 2019, closing at 2.4698 BRL per pound on August 30. The average Index in August, at 2.4667 BRL per pound, is six per cent lower compared to July 2019.Pic: Shutterstock"As cotton processing and the deliveries of the cotton purchased through term contracts advanced in Brazil in August, some higher

Hong Kong-based apparelEsprit has said it will stop sourcing from a garment unit located in an industrial park linked to Myanmar's military in a recent United Nations. The report by the UN International Fact-Finding Mission (FFM) on Myanmar identified two industrial zones owned by military conglomerate Myanmar Economic Holdings Ltd. (MEHL).Pic: ShutterstockOther brands, including H&M and Bestseller, have said they will assess the situation. The UN has urged international companies to cut

It was expected that Bangladesh textile and apparel industries will receive more foreign direct investment (FDI) in 2018 than the previous year. But unfortunately, the FDI downed by 3.24 percent from the previous year in 2018.While total FDI in the country saw a 68% rise to $3.61 billion, Bangladesh textile and apparel sector received $408 million, which is down by $13 million than last year.As per Bangladesh Bank (BB) data, Hong Kong was the largest investor with an investment of $83 million in

Textile and garment machinery imports declined by 11% to $1.42 billion in the last fiscal year, thanks to stagnation in investment.According to Bangladesh Bank (BB) data, in the fiscal year 2018-19, Bangladesh’s imports of textile and garment machinery have registered an 11.04% decline of $1.42 billion, which was $1.60 billion the in the previous year.Figure: A rise in production cost, lack of new investment and expansion of the existing businesses are the main reasons behind the downward trend.

(Nasdaq: KRNT), a worldwide market leader in digital textile printing technology and, the self-expression global e-commerce company, announced an expanded partnership for Spreadshirt to grow and renew its fleet of DTG printers to support increased demand and to expand into new categories, says a recent press release.Figure: Spreadshirt has purchased Kornit Atlas systems, to be installed at multiple sites internationally.Spreadshirt, a global on-demand apparel brand printing more than 5.5 million