The Trans-Pacific Partnership (TPP) Agreement, aimed at integrating the economies of the Asia-Pacific region, would also bring challenges to the Vietnam garment sector, experts said at a conference held in Vietnam’s southern province of Tien Giang. At the conference, organized by the Vietnam National Apparel Association and the Tien Giang People’s Committee, experts said the TPP agreement requires that Vietnamese enterprises import raw materials from TPP members, which would be a challenge as

While export of cotton is rising, import of long staple cotton is continuing, despite high import cost due to rupee depreciation. The landed cost of extra long staple at Indian ports is Rs 66,275 a candy (365 kg), but some mills are insisting on cotton yarn produced from US and Egyptian cotton, as it is of better variety. South Indian mills find it more viable to import cotton from Africa, as it is cheaper for them to import than have cotton transported from Gujarat or Maharashtra. The contamin

Angola is spending $1 billion to revamp three fabric plants that will employ 2,700 people, said the local unit of Marubeni Corp. (8002), Japan’s biggest trader of grains and food products, which is rehabilitating the factories. Reconstruction of the $270 million Textang II facility, which will be able to produce 9 million meters (30 million feet) of fabric annually, may be completed in two months, Koichi Nagashima, managing director of Marubeni’s Angolan unit, said in a June 6 interview in the

Cotton futures jumped to the highest in almost five weeks after the government cut its forecast for output in the U.S., the world’s leading exporter. In the 12 months starting Aug. 1, American farmers may harvest 13.5 million bales, down from 14 million projected last month, the Department of Agriculture said today. On average, analysts expected 13.98 million bales, a Bloomberg News survey showed. Domestic output will drop 22 percent after a drought hurt crops. The agency also boosted its expo

Top 10 Categories in Rising Top 10 Categories in Falling 1.polyester/nylon fabric 1.08% 1.nylon fabric -1.71% 2.thread & rope 0.93% 2.linning -1.46% 3.polyester fabric 0.86% 3.viscose/wool fabric -1.14% 4.blended fibre grey cloth 0.84% 4.apparel lining -1.08% 5.bedding 0.76% 5.polyester/cotton farbic -0.95% 6.viscose fabric 0.70% 6.natural fibre grey cloth -0.66% 7.polyester/wool fabirc 0.57%

Leave it to Prada to always find the cool. Following its much praised menswear ads and runway show starring Gary Oldman, Garett Hedlund, Willem Dafoe and Jamie Bell last fall, the brand has captured three of this year’s buzziest actors in its latest campaign for Fall 2013. The ads star Christoph Waltz, the two-time Tarantino Oscar winner (most recently for his comically twisted role as Dr. King Shultz in Django Unchained), Ben Whishaw, a rising British actor, and Ezra Miller, the baby-faced brea

Mulberry Spring/Summer 2013 Campaign | Source: Mulberry Mulberry Group Plc said creative director Emma Hill wants to leave the British luxury-goods maker after six years, sending the shares down the most in two months. The timing of Hill’s departure is under discussion and has yet to be finalized, Somerset, England-based Mulberry said today in a statement. No reason was given for why the designer wishes to quit the maker of 2,500-pound ($3,880) ostrich leather bags. Mulberry fell 9.1 pe

Prada A/W 2013 | Photo: Sonny Vandevelde Prada SpA, an Italian maker of $3,500 pony-skin totes, said it will focus on cost control as it opens more stores after first-quarter profit rose 14 percent in “uncertain” market conditions. Net income rose to 138.2 million euros ($183.5 million) in the three months through April, Milan-based Prada said today in a statement. Analysts expected profit of 141 million euros, according to the median of seven estimates compiled by Bloomberg. Revenue climb

For the third quarter, Asos, in its trading statement for the months ended May 31, 2013 said that its retail sales grew over 45 percent year-on-year, with UK witnessing more than 39 percent growth and its international operations rising over 48 percent. International sales saw 67 percent of total rise with retail gross margin up 10 bps compared to prior year. Company also unveiled a dedicated Russian website. Commented Nick Robertson, CEO, “I am pleased to report another strong trading period f

H&M Group total sales in May 2013, including VAT in local currencies increased by 9 percent compared to the same month the previous year. Sales in comparable units were flat. Comparable units comprise the stores and the internet and catalogue sales countries that have been in operation for at least a financial year. In the second quarter of 2013, during period March 1 to May 31, sales including VAT increased by 5 percent in local currencies. Sales in comparable units decreased by 4 percent.