Global news roundup
By Katie Smith | 8 June 2012
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
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AFRICA: Cotton made in Africa cuts ecological footprint
The ecological footprint of cotton from the Cotton made in Africa (CmiA) initiative has been found to be "considerably smaller" than conventionally grown cotton, according to a new study.
Taiwan's textile makers reap high-tech rewards
Facing a fragile global economy, rival South Korea's aggressive free trade agreement (FTA) strategy, as well as an appreciating local currency, Taiwan's textile and apparel manufacturers have placed their bets on innovation. And indeed, their strong focus on upgraded and functional textiles appears to be paying off.
US: PPR sells plus size business to private equity firms
French apparel group PPR has entered into an agreement to sell its US plus size business OneStopPlusGroup to private equity firms Charlesbank Capital and Webster Capital as it works to focus on its luxury and sportswear businesses.