Courtesy: Ted Baker Ted Baker, the global lifestyle brand, has entered into an agreement with Pentland Group, the company's footwear licensee since 2001, to take over the issued share capital of No Ordinary Shoes Limited and No Ordinary Shoes USA LLC for an aggregate consideration of £13 million, plus an adjustment for net assets of the these companies as at completion date. The net assets are anticipated to be between £4-8 million. Pentland currently holds the exclusive global licence from

Courtesy: Premium group The Premium Group has announced its plan to purchase a minority stake in the Liberty Fairs Fashion Group. It is a Berlin-based flagship event organiser of fashion events like Premium and Seek trade shows, as well as the Fashiontech conference. Liberty Fairs Group organises various famous fashion shows like the Liberty, Cabana, and Capsule shows. “We are tremendously excited about the prospect of working with the incredible Liberty team. The global fashion industry is

Bhumi Pednekar at the brand launch of Raisin with founders; Courtesy: Parvati Fabrics Parvati Fabrics has launched Raisin, a contemporary line of fasion wear for the modern women. The launch displayed sophisticated high quality fabrics, colourful designs and trendy styles from the brand’s Autumn/Winter 2018 collection. The A/W collection will be available on Raisin’s e-commerce official website, Amazon, Myntra, Jabong and Ajio. "Raisin represents everything the modern woman looks for - extreme

Bangladesh parliament recently passed the Textile Bill 2018 that aims at maintaining the quality of the country’s textile products. State minister for textiles and jute Mirza Azam tabled the bill, which was passed by voice vote on September 12. As per the draft law, a directorate will be formed with a director general, who will also work as its registrar. The directorate will be responsible for inspecting the quality and standard of various ingredients used in textile products, according to

Nigeria has signed a memorandum of understanding with Chinese firm Shandong Ruyi International Fashion Industry for an investment of $2 billion in Katsina, Kano, Abia and Lagos states to grow, gin and spin cotton and manufacture textiles and garments, minister of industry, trade and investment Okechukwu Enelamah announced recently in Abuja. The project will involve manufacturing at least 300 million metres of African print to meet 20 per cent of West Africa’s demand, he said. The governm

Courtesy: Pexels The Bangladesh Government has raised the minimum monthly wage of garment workers by around 51 per cent to Tk 8,000 from Tk 5,300 now with effect from December. This was announced by state minister for labour and employment Mohammad Mujibul Haque Chunnu at a press conference recently after the final meeting of the wage board formed in January. The gazette notification regarding the hike will be published soon. Of the total monthly minimum amount, Tk 4,100 is basic wage,

Courtesy: Pexels Asia's biggest international trade exhibition, Textile Asia-2018, concluded in Lahore recently with agreements for joint ventures (JVs) worth $175 million signed. Jointly organised by Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) and E-commerce Gateway, the exhibition attracted 55,000 visitors from different sectors of textile industry. Chinese companies at the show from places like Shanghai, Guangzhou, Jiangsu, Fujian and Shandong showed interest to reloca

About 20 million people are likely to shop on e-commerce platforms during the festive sale period in October, resulting in sales of $3 billion for firms like Amazon and Flipkart, says a report by RedSeer Consulting. About 13-24 million shoppers had transacted on such sites during the five-day festive sale last year and 10 million in 2016 during the same time. RedSeer estimates the daily gross merchandise value (GMV)—the total sales value of merchandise sold through the platform over a certai

Bangladesh experts and businesses feel the country should adopt its own policy on green growth keeping issues of job creation and sustainability in mind instead of following other developed nations. As government funds to meet the financing demand of small and medium enterprises are scarce, they say the issue of financing should be addressed. Their suggestions came up a discussion on green compliance jointly organised by the Metropolitan Chamber of Commerce and Industry (MCCI) and Adam Smith

Courtesy: Levi Strauss Levi Strauss, one of the largest brand-name apparel companies and a leader in jeanswear, has made a series of leadership moves to streamline decision-making and consolidate accountability for core business growth drivers. It has appointed Liz O’Neill as executive vice president and president to create a consolidated product, innovation and supply chain. “As we adapt to the changing retail environment in pursuit of our long-term goals, the leadership changes we are ann