Courtesy: Arvind Indian textile-to-retail conglomerate Arvind Limited, recently launched its largest garment manufacturing hub in Gujarat, as part of its capacity expansion strategy, with two manufacturing facilities in Bavla near Ahmedabad. A third facility will commence operations over the next few weeks. These units have been set up with an investment of ₹350 crore. The facilities, inaugurated on November 27 by Gujarat chief minister Vijay Rupani, will add a capacity of 3 million g

Courtesy: Cheap Monday H&M has announced plans to close Cheap Monday. The skinny jeans brand has a traditional wholesale business model, which is a model that has faced major challenges due to the shift in the industry. There has been a negative trend in the Cheap Monday’s sales and profits for a long time. The H&M group therefore intends to close down Cheap Monday. The closure is planned to start immediately, with the aim of being complete byJune 30, 2019. The Cheap Monday store in

The Gujarat government recently announced it will come out with a new textile policy before the Vibrant Gujarat Summit in January. The announcement followed a meeting of state government officials and textile industry stakeholders chaired by Chief Minister Vijay Rupani in Gandhinagar. The state’s last textile policy unveiled in 2012 expired last year. Dhriubhai Shah of Yarn Association, Heman Bodawala, a representative from the powerloom sector, and Hemant Desai of the Southern Gujarat Chamb

Courtesy: Indorama Ventures Indorama Ventures Public Company Limited (IVL) has completed the acquisition of Schoeller Group in Europe on November 23, 2018, IVL said through the Stock Exchange of Thailand. Schoeller Group is a leading European producer of pure wool and wool blend worsted yarn, having one dyeing facility in Austria and one spinning facility in the Czech Republic. Schoeller Group has operating plants in Austria, Czech Republic and Germany. This acquisition will further enhan

Courtesy: Arab Fashion WeekDubai Fashion Days by Hala China, a joint initiative between Meraas and Dubai Holding, co-organised by Arab Fashion Week and JollyTrust, is celebrating international fashion in Dubai. The eight-day celebration is showcasing design talents from the Middle East, China and the rest of the world, affirming Dubai’s position as both an economic and creative hub. Headlining Dubai Fashion Days is the 7th edition of Arab Fashion Week featuring runway shows from over 30 int

Nigeria recently signed a $60-million country programme for inclusive and sustainable industrial development with the United Nations Industrial Development Organisation (UNIDO). The former’s industry, trade and investment minister Okechukwu Enelamah and UNIDO director general Li Yong signed the agreement that will guide the latter’s interventions till 2022. The programme build on the cumulative achievements of past country programme implemented by both sides and collaborate with other govern

Newly appointed Australian Wool Innovation (AWI) chairperson Colette Garnsey (OAM) has signalled the start of a new era for the wool industry, stating that it was time for change and the company was committed to greater engagement with Australian woolgrowers. AWI is a not-for-profit company that works for interests of Australian woolgrowers. "Our priority is to be a company that is engaged with all of its stakeholders - woolgrowers and shareholders, of course, but also the government, farm

Courtesy: KappAhlElisabeth Peregi has been appointed the new president and CEO at KappAhl. Peregi, who has a retail experience from positions at Lindex, will take up her new position during the spring of 2019. For 19 years, she has worked in leading roles at Lindex, most recently as country manager Sweden and Great Britain, and before that as acting president and CEO. "I am very pleased to welcome Elisabeth Peregi to KappAhl. With her wide expertise and industry experience, she has what it ta

Courtesy: PexelsThe Gujarat government has signed memorandum of understandings (MoUs) with two apparel bodies—the Clothing Manufacturers Association of India (CMAI) and the Intimate Apparel Association of India (IAAI) to promote garment sector in the state. The MoUs were signed in presence of chief minister Vijay Rupani during a roadshow in Mumbai for Vibrant Gujarat 2019. The ninth edition of the investment summit, Vibrant Gujarat, will be held from January 18-20, 2019, in the state capital

Among the emerging retail markets in the Asian-Pacific region, India has been considered as among one of the top choices for expansion among retailers, says a recent report. India is inching closer towards becoming a preferred destination for global investors due to an investor-friendly business environment and the economy’s sturdy market fundamentals. With a large number of cities / towns available for growth, brands entering India have a lot more avenues to open doors and reach out to custo